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AutoNation (AN) reports a 15% Y/Y increase in new vehicle sales in March to 25,489, a haul that...

AutoNation (AN) reports a 15% Y/Y increase in new vehicle sales in March to 25,489, a haul that includes double-digit increases across all segments.
Comments (2)
  • sr1977
    , contributor
    Comments (319) | Send Message
     
    FYI Crossover vehicles are included in the light truck category, otherwise the light truck segment only grew by 3%. The real surprise here is the strong sales in the face of rising gas prices. 0% "sub-prime" loans were part of this, as well as an aging (11 YO) average US vehicle fleet. But more importantly, there seemed to be evidence of consumers eager for a new vehicle that gets substantially better gas mileage than their trade in. To that end, Detroit is currently selling what consumers really need. When the consumer and manufacturers are on the same page as the macro- economic climate, good things can happen.
    3 Apr 2012, 09:09 AM Reply Like
  • yumy87
    , contributor
    Comments (209) | Send Message
     
    This is quite bullish for Autonation and should portend a great quarter and guidance for next few quarters being increased!

     

    Surprised there are no articles here yet about bullishness on this stock.
    4 Apr 2012, 05:06 AM Reply Like
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