AutoNation (AN) Retail Sales of New Vehicles Slid 6% in Nov.

AutoNation (NYSE: AN) announced that it reported to automotive manufacturers, based on their respective sales transaction reporting standards, retail sales of 25,555 new vehicles in November 2015, a decrease of 6% as compared to November 2014. November 2015 reported retail new vehicle unit sales for AutoNation's operating segments were as follows:

• 7,696 for Domestic, down 4% versus November 2014,
• 11,884 for Import, down 8% versus November 2014, and
• 5,975 for Premium Luxury, down 3% versus November 2014.

On a same-store basis, reported retail new vehicle unit sales in November 2015 decreased 7% as compared to November 2014.

AutoNation also announced that it has signed an agreement to acquire Renton Honda in the Seattle-Bellevue market in the state of Washington, where AutoNation currently operates 27 franchises. The annual revenue for this store is approximately $70 million. The acquisition is subject to manufacturer approval and other customary closing conditions and is expected to be completed by the end of 2015.

AutoNation expects to report December 2015 retail new vehicle unit sales on Wednesday, January 6, 2016.

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