{"id":1621,"date":"2010-07-22T00:00:00","date_gmt":"2010-07-22T00:00:00","guid":{"rendered":"http:\/\/blog.njstateauto.com\/auto-industry-news\/autonation-posts-growth-on-back-of-used-car-sales\/"},"modified":"2010-07-22T00:00:00","modified_gmt":"2010-07-22T00:00:00","slug":"autonation-posts-growth-on-back-of-used-car-sales","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/autonation-posts-growth-on-back-of-used-car-sales\/","title":{"rendered":"AutoNation posts growth on back of used car sales"},"content":{"rendered":"<p>AutoNation, one of the largest chains of auto dealerships in the U.S., reported a strong uptick in sales during the second quarter, signalling that consumer confidence may be returning to the auto industry.<\/p>\n<p>The growth came on the back of a 28 percent surge in used car revenue, along with a 20 percent increase in new car sales. Combined, the result was a 25 percent increase in revenue derived from sales and a 20 percent overall revenue growth compared with the previous year. According to analysts polled by Reuters, the results were beyond expectations.<\/p>\n<p>&#8220;We delivered strong double-digit growth in the second quarter, which was driven by both new and used vehicle unit sales and revenue. We continue to expect full year industry new vehicle unit sales to be in the range of 11.5 million new units,&#8221; said CEO Mark Jackson. &#8220;We continue to see a solid automotive recovery going forward.&#8221;<\/p>\n<p>AutoNation purchases dealerships and runs them under their own brand, which gives them the largest amount of <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?search=custom&amp;sort=make\" class=\"dnautolink\">cars for sale<\/a> in the country, according to the company. For example, AutoNation recently announced the acquisition of the <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Toyota\" class=\"dnautolink\">Toyota<\/a> Mall in Atlanta, the city&#8217;s largest new and used Toyota dealer.<\/p>\n<p>The company said that domestic brands strongly contributed to the growth, especially <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Ford\" class=\"dnautolink\">Ford<\/a> and <a href=\"http:\/\/www.njstateauto.com\/preowned\/index.cfm?make=Chevrolet\" class=\"dnautolink\">Chevrolet<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AutoNation, one of the largest chains of auto dealerships in the U.S., reported a strong uptick in sales during the second quarter, signalling that consumer confidence may be returning to the auto industry. The growth came on the back of a 28 percent surge in used car revenue, along with a 20 percent increase in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AutoNation posts growth on back of used car sales<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/autonation-posts-growth-on-back-of-used-car-sales\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AutoNation posts growth on back of used car sales\" \/>\n<meta property=\"og:description\" content=\"AutoNation, one of the largest chains of auto dealerships in the U.S., reported a strong uptick in sales during the second quarter, signalling that consumer confidence may be returning to the auto industry. The growth came on the back of a 28 percent surge in used car revenue, along with a 20 percent increase in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.njstateauto.com\/blog\/autonation-posts-growth-on-back-of-used-car-sales\/\" \/>\n<meta property=\"og:site_name\" content=\"Used Car Blog - NJ State Auto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NJStateAuto\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-07-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2020\/06\/10141444\/NJStateAuto.com-url.png\" \/>\n\t<meta property=\"og:image:width\" content=\"517\" \/>\n\t<meta property=\"og:image:height\" content=\"61\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twinturboblogsadmin\" \/>\n<meta name=\"twitter:site\" content=\"@njstateauto\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#organization\",\"name\":\"NJ State Auto Used Cars\",\"url\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/NJStateAuto\/\",\"https:\/\/www.instagram.com\/jerseycitycars\/\",\"https:\/\/www.youtube.com\/njstateauto\",\"https:\/\/www.pinterest.com\/njstateauto\/\",\"https:\/\/twitter.com\/njstateauto\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2019\/08\/01181502\/NJ-State-Auto-Logo.png\",\"contentUrl\":\"https:\/\/cdn-ds.com\/blogs-media\/sites\/174\/2019\/08\/01181502\/NJ-State-Auto-Logo.png\",\"width\":240,\"height\":240,\"caption\":\"NJ State Auto Used Cars\"},\"image\":{\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/#website\",\"url\":\"https:\/\/tt-blogs.dealerfire.com\/njstateauto\/\",\"name\":\"Used Car Blog - 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