AutoNation, the country’s largest automotive retailer, is picking up steam in its push for greater efficiency.
Company officials recently announced the Florida-based retailer aims to “continue its aggressive approach to streamline its business.”
Over the last 24 months, the company has instituted a restructuring plan designed to reduce and consolidate region infrastructure to two regions.
As of June 30, the company counted 325 locations spread across the country and owned the distinction of being the first auto retailer to sell over 12 million vehicles.
Going forward and in keeping with its plan of greater efficiency, the company plans to close its aftermarket collision parts business by year’s end, while building out its solidly profitable PrecisionParts business, which includes the sale of branded maintenance and repair parts.
In recently tabbing Western Region President veteran Steve Kwak as president of AutoNation USA, the company also plans to expand its stand-alone AutoNation USA used vehicles stores, with plans calling for the creation of at least 20 more stores over the next three years.
"We see an opportunity to take a larger share of the used vehicle market and benefit from the increased interest in vehicle ownership by our customers. AutoNation's strong brand, first-class digital capabilities, and One Price pricing strategy, combined with lower acquisition cost and stable used vehicle retail pricing make AutoNation USA stores an attractive opportunity," said Mike Jackson, AutoNation's Chairman and Chief Executive Officer.
Through it all, the company has strived to maintain its identity by upholding its commitment to community service. Since 2013, the company has raised in the neighborhood of $25 million for its DRIVE PINK initiative aimed at driving out cancer, creating awareness and supporting research.
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