AutoNation (AN) New Vehicle Comps Rose 7% in July

AutoNation (NYSE: AN) announced that it reported to automotive manufacturers retail sales of 27,484 new vehicles in July 2014, an increase of 8% as compared to July 2013. On a same-store basis, reported retail new vehicle unit sales in July 2014 were up 7% as compared to July 2013. July 2014 reported retail new vehicle unit sales for AutoNation's operating segments were as follows:

• 8,450 for Domestic, up 6% versus July 2013,
• 13,921 for Import, up 7% versus July 2013, and
• 5,113 for Premium Luxury, up 17% versus July 2013.

Industry reporting for July 2014 includes one additional calendar day than in July 2013. AutoNation expects to report August 2014 retail new vehicle unit sales on Thursday, September 4, 2014.

(1) As compared to prior total retail new vehicle unit sales recorded in accordance with GAAP on a continuing operations basis.

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