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AutoNation to Present at Merrill Lynch Conference

Mar. 23, 2004

FT. LAUDERDALE, Fla., March 23 /PRNewswire-FirstCall/ -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer announced today that it will air a live audio web cast on Wednesday, March 24, 2004, of its upcoming investor presentation at the Merrill Lynch Retailing Leader's Conference in New York City.

AutoNation's Chairman and Chief Executive Officer Mike Jackson will be the featured presenter during this live audio web cast that airs at approximately 1:20 p.m., Eastern Standard Time.

To listen to the live audio web cast via the Internet at www.autonation.com, click on the "About Us" link, then click on "Investors" and then "Web Casts."

About AutoNation, Inc.

AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest automotive retailer. Ranked No. 97 on the 2004 Fortune 500 and a component of the Standard and Poor's 500 Index, AutoNation employs approximately 28,000 people and owns and operates 372 new vehicle franchises in 18 states. For additional information, please visit http://corp.AutoNation.com, or www.AutoNation.com, where more than 100,000 vehicles are available for sale.

Forward-Looking Statements

Certain statements and information included 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, performance 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, estimates and expectations is contained in the Company's SEC filings. The Company undertakes no duty to update its forward- looking statements, including its earnings outlook.

SOURCE AutoNation, Inc.

CONTACT:
Marc Cannon
AutoNation, Inc.
+1-954-769-3146
or
cannonm@autonation.com
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Web site: http://corp.autonation.com
(AN)

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