AutoNation (AN) New Vehicle Comps Rose 18% in Sept.
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AutoNation (NYSE: AN) announced that it reported to automotive manufacturers, based on their respective sales transaction reporting standards, retail sales of 29,046 new vehicles in September 2015, an increase of 21% as compared to September 2014. September 2015 reported retail new vehicle unit sales for AutoNation's operating segments were as follows:
- 9,306 for Domestic, up 27% versus September 2014,
- 13,593 for Import, up 17% versus September 2014, and
- 6,147 for Premium Luxury, up 20% versus September 2014.
On a same-store basis, reported retail new vehicle unit sales in September 2015 increased 18% as compared to September 2014. As previously announced, the Labor Day holiday weekend was reported in September sales in 2015 versus August sales in 2014. Industry reporting for September 2015 includes one more selling day than for September 2014.
Reported retail new vehicle unit sales in the third quarter of 2015 were 89,953, an increase of 7% as compared to the third quarter of 2014. Third quarter 2015 reported retail new vehicle unit sales for AutoNation's operating segments were as follows:
- 29,202 for Domestic, up 13% versus third quarter of 2014,
- 42,668 for Import, up 1% versus third quarter of 2014, and
- 18,083 for Premium Luxury, up 14% versus third quarter of 2014.
On a same-store basis, reported retail new vehicle unit sales in the third quarter of 2015 increased 5% as compared to the third quarter of 2014.
AutoNation expects to report October 2015 retail new vehicle unit sales on Wednesday, November 4, 2015.
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