Previous Issues | Current Headlines | Point of View | Obituaries

9 Consecutive Quarters Of Customer-Pay Gains At AutoNation

America’s largest automotive retailer, AutoNation Inc., saw its parts and service gross profit rise 4.1 percent to $251.80 million in the third quarter of 2012 as segment revenue increased 3.3 percent to $596.80 million. Same-store parts and service sales rose 3 percent to $593.30 million, with improvement across the board in internal warranty, customer pay, collision and wholesale parts.

Same-store parts and service gross profit increased 3.8 percent to $251.20 million, primarily because of increases in gross profit associated with the preparation of vehicles for sale of $6.70 million, warranty of $1.40 million and customer-pay service of $1.30 million. Management said that customer-pay service gross profit benefited from improved market conditions and better marketing of products and services in the service department. Notable, this was the ninth consecutive quarter of year-over-year gains in customer-pay gross, as well as revenue.

AutoNation of Fort Lauderdale, FL owns and operates 261 new vehicle franchises that sell 32 brands across 15 states.

We encourage you to add your comments below concerning this article.

Back To Story List