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

Ownership Priorities are Shifting
A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.
Read More →
Pump Price Jump Calculated
ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.
Read More →
Black Book: Weekly Market Update
Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
Read More →
Arkansas Auto Group Acquires First Indiana Rooftop
Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.
Read More →
Stellantis to Dive Into U.S. Lending
The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.
Read More →
New-Vehicle Prices Rise
With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.
Read More →
Black Book: Weekly Market Update
Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
Read More →
Black Book: Weekly Market Update
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
EU Auto Association Urges Action
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Driving into the Super CFC Era
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →