AutoNation CEO advises Big Three to ease back

|About: AutoNation Inc (AN)|By:, SA News Editor

AutoNation (AN) CEO Mike Jackson thinks automakers are producing too many cars in the U.S.

The exec cuts through the "bogus" dealer inventory numbers to highlight what he maintains is a 100-day supply of autos in the nation.

Despite the "friendly" advice to the Big Three (F, GM, FIATY), Jackson is optimistic and thinks the industry will crack through the 16M unit sales mark in the U.S. this year.