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|AutoNation to Launch 'Courtesy' Brand in Orlando; 11 AutoNation-Owned Dealerships, Eight Collision Centers to be Branded 'Courtesy'|
|FORT LAUDERDALE, Fla., Sep 4, 2001 /PRNewswire/ -- AutoNation, Inc.
(NYSE: AN), America's largest automotive retailer, on and off the Web, today
announced that 11 of its Orlando-area franchised dealerships and eight of its
stand-alone collision centers will adopt "Courtesy" as their local-market brand
with a marketing campaign debuting on December 26th.
In addition to common marketing programs, the AutoNation-owned locations in Orlando, Winter Park, Casselberry, Longwood, Maitland and Sanford will share common store practices such as quality certified used vehicles and customer-friendly, menu pricing on finance and insurance products.
"We want Orlando area consumers to feel they cannot make an intelligent buying or servicing decision without considering the 'Courtesy' brand," said Michael E. Maroone, AutoNation's President and Chief Operating Officer. "No other retailer in Central Florida will be able to match the combination of price, service and selection of Courtesy, the market's largest automotive retail brand."
The Courtesy brand already has an established presence in the Orlando area with five AutoNation-owned stores currently using the Courtesy brand name, including Courtesy Toyota in Winter Park and Courtesy Buick, Courtesy Honda, Courtesy Pontiac/GMC and Courtesy Magic's Suzuki Isuzu in Longwood. The six additional stores that will be adopting the Courtesy brand are AutoNation Chrysler/Jeep in Casselberry, Don Mealey Acura in Longwood, Don Mealey Chevrolet/Oldsmobile and World Chevrolet in Orlando, and Metro Chrysler Jeep and Seminole Ford in Sanford. There are eight stand-alone AutoNation Collision Centers in the Orlando-area adopting the "Courtesy" brand.
In addition, AutoNation will continue to operate its Mercedes-Benz of Orlando store and its Porsche of Orlando store under their existing names.
The local-market branding strategy is one that AutoNation has previously executed in Denver with "John Elway," in the Tampa Bay area with "AutoWay," in South Florida with "Maroone," in Las Vegas with "Desert," in Jacksonville, Fla. with "Mike Shad," and in Baltimore with "Fox." In each branding effort, multiple stores adopt the same local-market brand as AutoNation realizes significant economies of scale through its significant presence in major markets, while delivering a brand promise that includes superior price, service and selection offerings to consumers.
About AutoNation, Inc.
AutoNation, Inc., a Fortune 100 company based in Fort Lauderdale, Fla., owns and operates 367 new vehicle franchises in 17 states. In 2000, the Company generated more than $20 billion in revenue. For more information, visit www.autonation.com, where shoppers can find approximately 100,000 new and used vehicles for sale.
Certain statements and information incurred in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings.
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