AutoNation June Sales Up 3 Percent from 2010
FORT LAUDERDALE - Car dealer AutoNation Inc. said today its new vehicle sales rose 3 percent in June compared with the previous year, a smaller increase than the overall U.S. sales gain for the month.
The Fort Lauderdale, Fla., company, the largest U.S. dealership chain, said it sold 16,564 new vehicles in June, reported The Detroit News.
Overall, U.S. auto sales rose 7 percent in June versus to 1.05 million cars and trucks as lower gas prices lured some buyers.
AutoNation said its domestic sales increased 18 percent in June, premium luxury sales were up 11 percent from last year and import sales fell 9 percent.
Japanese automakers such as Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. have been hit hardest by parts shortages from the March earthquake and tsunami. All three have been forced to cut factory production because they don't have enough parts, although they are starting to rebound from the crisis.
Year to date, AutoNation said its new vehicle sales rose 10 percent, and second-quarter new vehicle sales fell one percent from the year-ago period.
AutoNation operates more than 250 dealerships in 15 states.
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →