10th AutoNation USA store marks AutoNation’s continued emphasis on used vehicle market
CHARLOTTE, N.C., February 4, 2022 – As the new year continues to show signs of growth for the used vehicle market, AutoNation, Inc. (NYSE:AN), announced the opening of AutoNation USA Charlotte, the first AutoNation location in North Carolina and the first of several new AutoNation USA stores scheduled to open across the U.S. in 2022. The 26,000-square-foot Charlotte store brings 26 new jobs to the region.
Offering pre-owned vehicles at competitive prices and a stress-free Customer experience, AutoNation USA redefines the pre-owned car-buying experience with a focus on the Customer, including easy-to-use digital tools for searching pre-owned vehicle inventory online to find the car they are looking for at a guaranteed low price.
"We are excited to introduce America’s largest and most admired automotive retailer to North Carolina, and in particular to the Charlotte community, where they’ll benefit from our seamless car shopping experience,” said Pete DeVita, AutoNation Market President. “In addition to creating new job opportunities, we take our responsibility for supporting local communities very seriously through AutoNation’s Drive Pink initiative, which has raised more than $30 million in the fight against cancer. With our expansion into this market, we look forward to establishing new local philanthropic partnerships.”
AutoNation USA is known for its 1Price Pre-Owned experience which is designed to make buying a pre-owned vehicle easy, with competitive, haggle-free pricing. The company's We'll Buy Your Car program offers Customers a competitive cash offer to sell their vehicles directly to AutoNation, with no purchase necessary, and get paid the same day.
AutoNation USA Charlotte represents the 10th AutoNation USA store in the U.S. The company, which plans to open 12 additional stores in the next 12 months, is on track to have over 130 AutoNation USA stores in operation from coast to coast by the end of 2026.
The AutoNation USA store is located at 4800 E. Independence Blvd., Charlotte, N.C. 28212. Store hours are Monday through Saturday, 9 a.m. to 9 p.m., and is closed on Sunday. Visit AutoNationUSA.com or call AutoNation USA in Charlotte at (980) 282-7500.
About AutoNation, Inc.
AutoNation, America's largest and most admired automotive retailer, is transforming the automotive industry through its bold leadership, innovation, and comprehensive brand extensions. As of December 31, 2021, AutoNation owned and operated over 325 locations from coast to coast. AutoNation has sold over 13 million vehicles, the first automotive retailer to reach this milestone. AutoNation's success is driven by a commitment to delivering a peerless experience through Customer-focused sales and service processes. Since 2013, AutoNation has raised over $30 million to drive out cancer, create awareness, and support critical research through its DRIVE PINK initiative, which was officially branded in 2015.
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.
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," "track," "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; pending acquisitions; and our investments in digital and online capabilities; as well as statements regarding our expectations for the future performance of our business, including with respect to new and pre-owned vehicle sales targets, 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: economic conditions, including changes in consumer demand, unemployment rates, interest rates, fuel prices, and tariffs; 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 acquire and integrate successfully new franchises; restrictions imposed by vehicle manufacturers and our ability to obtain manufacturer approval for acquisitions; our ability to develop successfully our digital and online capabilities and other brand extension strategies; supply chain disruptions and inventory availability; our ability to maintain and enhance our retail brands and reputation and to attract consumers to our own digital channels; our ability to attain planned sales volumes within our expected time frames; new and used vehicle margins; 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 third 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.