News Details

AutoNation USA Opens Kennesaw Store, Increasing Used Vehicle Market Share

September 1, 2022

AutoNation USA Kennesaw is the first AutoNation USA store to open in Georgia, as leading automotive retailer aims to have 130 pre-owned vehicle stores operational by the end of 2026

KENNESAW, Ga. (September 1, 2022) – America’s most admired automotive retailer, AutoNation, Inc. (NYSE:AN), has announced the opening of AutoNation USA Kennesaw, offering Georgia residents a new way to buy used vehicles. The first AutoNation USA store in the state and one of 18 AutoNation retail dealerships and service centers in Georgia, the Kennesaw store will bring 32 new jobs to the region.

“We look forward to becoming the automotive home for drivers in the Kennesaw and Northwest Georgia region,” said Rob Breedlove, AutoNation Market President. “Pre-owned car shoppers can expect to experience a seamless car-buying experience without the stress of haggling over prices. As the automotive leader in Customer excellence, we’ve already anticipated consumers' needs and are ready to meet them with streamlined online inventory tools to help with the vehicle selection process, competitive financing choices, and one guaranteed low price.”

AutoNation USA Kennesaw is the 12th AutoNation USA store to open in the United States. The company plans to operate more than 130 AutoNation USA stores from coast to coast by the end of 2026. Since opening the first AutoNation USA store in 2017, AutoNation has been centered on redefining the pre-owned car-buying experience. AutoNation USA has established a 1Price Pre-Owned experience designed to make buying a pre-owned vehicle easy, with competitive, haggle-free pricing. The company's We'll Buy Your Car program also offers Customers a competitive cash offer to sell their vehicles directly to AutoNation, with no purchase necessary, and get paid the same day.

A testament to the company’s excellence, J.D. Power has recognized 129 of AutoNation’s stores with Dealer of Excellence. AutoNation has received more than half a million five-star reviews, also unrivaled by any other automotive dealer, according to Reputation.

“We’re excited to bring a variety of rewarding jobs to the local community with this new USA store opening. We look forward to working with local philanthropic partners to continue to raise funds through our Drive Pink initiative as we drive toward $35 million donated to fight cancer. We are eager to find new ways to give back at the local level here in Georgia,” noted Breedlove.

The AutoNation USA store is located at 2275 Barrett Lakes Boulevard, Kennesaw, GA 30144. Store hours are Monday through Saturday, 9 a.m. to 8 p.m., and 11 a.m. to 5 p.m. on Sunday. Visit AutoNationUSA.com or call AutoNation USA in Kennesaw at (770) 499-7250.

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 has a singular focus on personalized transportation services that are easy, transparent, and Customer-centric.

Please visit www.autonation.com, www.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," "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.