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AutoNation Expects Annual Vehicle Sales To Hover Around 17 Million

AutoNation, Inc. NYSE:AN - AutoNation Expects Annual Vehicle Sales To Hover Around 17 Million

Automotive retailer AutoNation, Inc. AN 0.33% reported its retail car sales number for the month of July earlier on Tuesday. Mike Jackson, AutoNation CEO, was on CNBC following the release to break down the numbers and share his outlook for the automotive industry.

The Numbers

"We also had an outstanding July with retailing almost 30,000 new vehicles," Jackson began. "That's plus 9 percent, and the industry is clearly on its way to 17 million as we forecasted. The industry sales for the...


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