FORT LAUDERDALE, Fla.
Jan. 4, 2013
/PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today announced that its retail new vehicle unit sales in
, as reported to the applicable automotive manufacturers, totaled 27,958, an increase of 15% as compared to
. Retail new vehicle unit sales for AutoNation's operating segments were as follows:
- 8,415 for Domestic, up 11% versus December 2011,
- 13,450 for Import, up 18% versus December 2011, and
- 6,093 for Premium Luxury, up 14% versus December 2011.
On a daily selling rate basis, AutoNation's retail new vehicle unit sales increased 19%. There were 26 selling days in
compared to 27 selling days in
For the fourth quarter of 2012, AutoNation's retail new vehicle unit sales, as reported to the applicable automotive manufacturers, increased 16%, with Domestic up 10%, Import up 20%, and Premium Luxury up 17%, in each case as compared to the fourth quarter of 2011.
For full year 2012, AutoNation's retail new vehicle unit sales, as reported to the applicable automotive manufacturers, increased 20%, with Domestic up 14%, Import up 27%, and Premium Luxury up 13%, in each case as compared to full year 2011.
AutoNation also announced that, on
December 21, 2012
, it completed the acquisitions of Boardwalk Audi, Boardwalk Porsche, Boardwalk Volkswagen, McKinney Volkswagen, Park Cities Volkswagen, and Spring Chrysler Dodge Jeep Ram which were previously announced on
December 4, 2012
AutoNation expects to report
retail new vehicle unit sales on
Monday, February 4, 2013
The information provided in this news release is based on sales reports provided by our stores, including stores acquired since December 2011 but excluding the six stores we acquired on December 21, 2012 as described above, to the applicable automotive manufacturers and is provided on a continuing operations basis. These reports are prepared based on the standards established by the applicable automotive manufacturers, which differ from GAAP revenue recognition and other requirements and are based on the time periods set by the automotive manufacturers for reporting monthly sales (which generally differ from the calendar month). As a result, our operating results calculated and presented in accordance with GAAP, including our new vehicle unit sales, may differ materially from any results expressed or implied by the information provided in our monthly sales reports and summarized in this news release and future news releases. In addition, new vehicle unit sales are subject to seasonal trends. Consequently, new vehicle unit sales for a particular month are not necessarily indicative of results to be expected for a full quarter or year. Please refer to our public filings with the Securities and Exchange Commission, including without limitation our Annual Report on Form 10-K for the year ended December 31, 2011 and our subsequent Quarterly Reports on Form 10-Q, for additional information regarding our operations. Investors should not assume that our disclosure of the information in this news release means that we have determined that such information is material to the Company.