AutoNation CEO advises Big Three to ease back


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.

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Comments (5)
  • JoseV
    , contributor
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    Back to their old ways? Still think Ford is the best but in 2014 F´s price will stay in low 15s, high 14s then zoom in 2015.
    30 Jan 2014, 10:32 AM Reply Like
  • User 21668851
    , contributor
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    Care to elaborate as to why?
    30 Jan 2014, 01:21 PM Reply Like
  • DavidHart
    , contributor
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    For $FIATY, Jeep has been selling the Grand Cherokees like hot cakes. It wouldn't surprise me if they had ramped up production to meet demand.
    .
    The Jeep Cherokee started selling in late fall after holding a lot of inventory to complete finishing touches on tuning the new 9-speed transmission. So, there is a good reason why there would be a relatively large inventory of Jeep Cherokees.
    .
    I haven't been following any of the other FIAT/Chrysler brands. I'd be interested in knowing just how much on-hand inventory is split between Jeeps and the other brands. I'm willing to bet that the Jeep Cherokee is a good percentage.
    30 Jan 2014, 02:02 PM Reply Like
  • JoseV
    , contributor
    Comments (401) | Send Message
     
    Two reasons why Ford will not break the bind the stock is in. 1: Ford investing heavily in 2014 launches thus in 2014 hurting bottom line. 2: Traders/Speculators using high frequency and program trading tools on Ford stock and many similar stocks having high liqudity and easily managed by the speculation tools which are not available to retail investors,.these shenanigans should not be allowed. However there is a way to curb this speculation and that is to put a variable tax (oops a tax) on high frequency and program trading thereby making it more expensive for the speculators and increasing there risks up, However that will not happen since Regulators are appointed by politicians who are controlled by the Speculators through campaign financing (another shenanigan).
    30 Jan 2014, 06:32 PM Reply Like
  • starcorral
    , contributor
    Comments (1572) | Send Message
     
    Really? You must be a perty smart fella. Let's see if the mfrs. take your advice - which sounds more like small talk at a mixer.
    1 Feb 2014, 02:18 PM Reply Like
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