AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. As of December 31, 2013, the company owned and operated 269 new vehicle franchises from 228 stores located in the United States, predominantly in major metropolitan markets in the Sunbelt region. The company’s stores sell 33 different new vehicle brands. It offers a diversified range of automotive products and services, including new vehicles, used vehicles, ‘parts and service,’ which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive ‘finance and insurance’ products, which includes the vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. Segments The company operates in three segments: Domestic, Import, and Premium Luxury. The Domestic segment comprises retail automotive franchises that sell new vehicles. The company’s vehicle brands include Buick; Cadillac; Chevrolet; Chrysler; Dodge; Ford; GMC; Jeep; Lincoln; and Ram. The Import segment comprises retail automotive franchises that sell new vehicles. The company’s vehicle brands include Acura; Fiat; Honda; Hyundai; Infiniti; Mazda; Mitsubishi; Nissan; Scion; Subaru; Toyota; Volkswagen; and Volvo. The Premium Luxury segment comprises retail automotive franchises that sell new vehicles. The company’s vehicle brands include Audi; Bentley; BMW; Land Rover; Lexus; Maserati; Mercedes-Benz; Mini; Porsche; and smart. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. Strategy The company’s strategies include seeking to deliver a consistently superior customer experience by offering a large selection of inventory, customer-friendly, transparent sales and service processes, and competitive pricing; managing its new and used vehicle inventories to optimize its stores’ supply and mix of vehicle inventory in line with seasonal sales trends; and building a powerful AutoNation retail brand that represents a consistently superior customer experience. Seasonality The company’s operations experience higher volumes of vehicle sales and service in the second and third quarters (year ended December 31, 2013) of each year due in part to consumer buying trends and the introduction of new vehicle models. Also, demand for vehicles and light trucks is lower during the winter months than in other seasons, particularly in regions of the United States where stores may be subject to adverse winter conditions. Trademarks The company owns registered service marks and trademarks, including AutoNation. History AutoNation, Inc. was founded in 1991. The company was incorporated in Delaware in 1991.
autonation inc (AN:New York)
200 SW 1st Avenue
Fort Lauderdale, FL 33301
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