AutoNation Sales Up 16%; Domestic Brands Lead The Way
A domestic-brand sales surge led by pickups pushed AutoNation’s November sales up 16 percent from November 2009.
AutoNation, the industry’s largest retailer, said it sold 15,511 new vehicles in November, up from 13,395 in November 2009, Automotive News reported. Sales of domestic-brand products rose 25 percent to 4,594. That domestic increase was led by a 35 percent increase in pickup sales.
“We’re talking to these entrepreneurs and small businesses every day, and their pickup trucks are old and tired,” AutoNation CEO Mike Jackson said today on CNBC. “But they think the worst is over, and they have more forward orders than they did before, so they’re coming in.”
The domestic resurgence was augmented in November by a 15 percent increase in sales of import-brand vehicles. AutoNation’s import stores sold 7,944 new vehicles in November. Luxury-brand sales rose 5 percent to 2,973.
Jackson said he’s optimistic about December sales and now expects 2011 industry sales of 12.5 million to 13 million.
“What it says is that sustainable automotive recovery is under way,” he told CNBC.
Even so, there is still “massive postponement of purchase” by consumers, Jackson said, which will make the recovery span several years. AutoNation doesn’t expect industry sales to emerge from recession levels until 2013, when they could hit the 15 million mark again.
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 →