NEW YORK (TheStreet) -- The auto industry is struggling in 2016, continuing its sideways move since January.
"Retail sales for the auto industry were 2% down this year ... [as] the auto industry is plateauing at a high level. Some are managing it better than others. You have to manage differently," Jackson said on CNBC's "Squawk Box" Friday morning.
The tough environment means careful management of inventories is critical and Jackson says General Motors' (GM) "very disciplined approach" is why it is "not over-incentive advising for a market that's not there."
"I tip my hat to GM, they've adjusted to the market the fastest and quickest and they're running it the right way," Jackson noted.
Additionally, Jackson commented on the development of regulations for autonomous vehicles. He believes that a comprehensive federal approach is the best method, rather than via state legislation.
"I think it's going to be good. [Regulators] are very forward looking and very progressive and understand these new technologies can save thousands and thousands of lives if done correctly," Jackson added.
Shares of AutoNation are up by 1.48% to $52.89 in late morning trading today.
Separately, TheStreet Ratings team rates AutoNation as a "buy" with a ratings score of B.
This is driven by a few notable strengths, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and notable return on equity. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: AN