Leading automotive retailer and #1 public dealer group, according to Reputation, plans to operate 130 pre-owned vehicle stores
AUSTIN, TEXAS (January 17, 2023) – AutoNation, Inc. (NYSE:AN), America’s most admired automotive retailer, today announced the opening of AutoNation USA Austin as the company pursues plans to grow its network of pre-owned vehicle stores coast-to-coast and meet the evolving personalized transportation needs of Customers seeking to buy and sell pre-owned vehicles.
Bringing 32 jobs to the region, AutoNation USA’s Austin store is the 14th to open, joining four other AutoNation USA stores operating in Texas, with stores in San Antonio, Corpus Christi, Houston, and Katy. In addition to AutoNation USA locations, the company’s presence in the state includes 44 stores.
“As the automotive leader in Customer excellence, we look forward to being the first choice for pre-owned car shoppers throughout Austin,” said Martin Wojewodzic, General Manager, AutoNation USA Austin. “With our streamlined online inventory tools that make vehicle selection easy, competitive financing and one guaranteed low price, AutoNation USA makes buying a pre-owned vehicle seamless and stress-free.”
A testament to the company’s excellence, AutoNation holds the top spot in Customer reputation with nearly 1 million 5-star reviews, according to Reputation.
Helping to fuel its share of the used vehicle market, AutoNation purchases vehicles directly from Customers through its successful We’ll Buy Your Car program, providing Customers at AutoNation locations coast-to-coast with a competitive, no purchase necessary, same-day cash offer for their vehicle.
“In addition to creating high-quality jobs, AutoNation is committed to supporting the communities where we do business. Through our Drive Pink mission, we have raised and donated more than $35 million to national and local philanthropic organizations to help drive out cancer,” said Marc Cannon, Executive Vice President and Chief Customer Experience Officer at AutoNation.
The first AutoNation USA store opened in 2017, and AutoNation expects to grow its footprint to include more than 130 AutoNation USA stores from coast to coast.
AutoNation USA Austin is located at 15718 North IH-35, Austin, Texas, 78728. Store hours are Monday through Saturday, 9 a.m. to 8 p.m. Visit autonationusa.com/dealership/austin.htm or call AutoNation USA Austin at (737) 402-5500.
About AutoNation, Inc.
AutoNation, a provider of personalized transportation services, is driven by innovation and transformation. As one of America's most admired companies, AutoNation delivers a peerless Customer experience recognized by data-driven consumer insight leaders, Reputation and J.D. Power. Through its bold leadership and brand affinity, the AutoNation Brand is synonymous with "DRVPNK" and "What Drives You, Drives Us." AutoNation is committed to being the nation's most comprehensive transportation solutions provider with easy, transparent, and Customer-centric services.
Please visit www.autonation.com, investors.autonation.com, and www.twitter.com/AutoNation, where AutoNation discloses additional information about the Company, its business, and its results of operations. Please also visit www.autonationdrive.com, AutoNation's automotive blog, for information regarding the AutoNation community, the automotive industry, and current automotive news and trends.
# # #
DISCLAIMER
Per Reputation, the company, AutoNation has the most all-time positive reviews of any automotive dealer group, public or private. Totals as of September 2022.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "intends," "goals," "targets," "projects," "plans," "believes," "continues," "may," "will," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements regarding our strategic initiatives, partnerships, or investments, including the planned expansion of our AutoNation USA pre-owned vehicle stores and our investments in digital and online capabilities, statements regarding our expectations for the future performance of our business and the automotive retail industry, and other statements that describe our objectives, goals, or plans, are forward-looking statements. Our forward-looking statements reflect our current expectations concerning future results and events, and they involve known and unknown risks, uncertainties, and other factors that are difficult to predict and may cause our actual results, performance, or achievements to be materially different from any future results, performance, and achievements expressed or implied by these statements. These risks, uncertainties, and other factors include, among others: our ability to implement successfully our strategic initiatives, partnerships, and investments, including the planned expansion of our AutoNation USA stores; our ability to identify, acquire, and build out suitable locations in a timely manner; our ability to develop successfully our digital and online capabilities; our ability to maintain and enhance our retail brands and reputation and to attract consumers to our own digital channels; our ability to acquire and integrate successfully new franchises; restrictions imposed by vehicle manufacturers and our ability to obtain manufacturer approval for acquisitions; economic conditions, including changes in unemployment, interest, and/or inflation rates, consumer demand, fuel prices, and tariffs; supply chain disruptions and inventory availability; new and used vehicle margins; our ability to attain planned sales volumes within our expected time frames; our ability to successfully implement and maintain expense controls; the success and financial viability and the incentive and marketing programs of vehicle manufacturers and distributors with which we hold franchises; the response by federal, state, and local governments and other parties to, and the economic impacts of, the COVID-19 pandemic; natural disasters and other adverse weather events; the resolution of legal and administrative proceedings; regulatory factors affecting our business, including fuel economy requirements; the announcement of safety recalls; factors affecting our goodwill and other intangible asset impairment testing; and other factors described in our news releases and filings made under the securities laws, including, among others, our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Forward-looking statements contained in this news release speak only as of the date of this news release, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.