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AutoNation CEO Addresses Group’s Expansion Outlook

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May 9, 2018—AutoNation chief executive officer Mike Jackson recently addressed the dealership group’s expansion, during the company’s latest quarterly call. The company recently added its fifth standalone used-car store and service center this year.

Jackson said the company’s new Phoenix store has posted especially solid sales results.

“The Phoenix store has ramped up relatively quickly,” Jackson said, according to autoremarketing.com. “In April, its fourth month open, it … sold approximately 140 units.”

Jackson also expressed excitement regarding AutoNation USA’s overall, continued expansion. He said the automotive retailer, which was founded in 1996, has additional dealership sites located, purchased, and permitted, but a decision on when those stores will open their doors won’t be made until later this year. He added that, moving forward, the company plans to grow in a disciplined manner.

“On the USA stores where it’s a lot of capital involved in some facilities, I really want to have it correct and know the sight line to profitability and whatever other issues are there before we move faster,” Jackson said with regard to further expansion. “So that’s our approach. I think it’s a good plan.”

 

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