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AutoNation Begins Evaluation of Independent Auditor Alternatives

Mar. 28, 2002

FORT LAUDERDALE, Fla., March 28 /PRNewswire-FirstCall/ -- AutoNation, Inc. (NYSE: AN), America's largest retailer of new and used vehicles, today announced it has begun to evaluate alternatives for an independent public accountant for the fiscal year ending December 31, 2002. The Company made the decision in light of recent and unrelated business and legal challenges involving its current outside public accountant, Arthur Andersen LLP. Andersen audited the financial statements included in the Company's 2001 Annual Report on Form 10-K filed yesterday with the Securities and Exchange Commission.

"Arthur Andersen has served AutoNation well as our independent auditor," said Mike Jackson, AutoNation's Chief Executive Officer and a Director of its Board. "However, given the uncertainty created by Andersen's present challenges, we believe that weighing our alternatives is in our shareholders' interests."

About AutoNation, Inc.

AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest retailer of new and used vehicles. A Fortune 100 company, AutoNation employs approximately 30,000 people and owns and operates 371 new vehicle franchises in 17 states. For additional information, please visit the corporate site section of, where more than 100,000 vehicles are available for sale.

SOURCE AutoNation, Inc.

CONTACT: Oscar Suris of AutoNation, Inc., +1-954-769-3576, or


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