AutoNation Inc. saw its parts and service sales increase 5.2 percent to $599.90 million and parts and service gross profit rise 2.3 percent to $250.20 million in the first quarter of 2012. Same-store parts and service sales were up 4 percent.
Customer-pay revenue was up 7 percent, representing the largest year-over-year percentage increase in recent years and the seventh consecutive quarter of year-over-year increases in customer-pay revenue. Warranty revenue was down 9 percent.
Billed as America’s largest automotive retailer, AutoNation operates 260 new vehicle franchises, which sell 32 brands across 15 states.