AutoNation, which is America’s largest dealership chain, is embarking on a two-year, $100-million project that will include that creation of an app that will allow shoppers to purchase cars online, in a method similar to traditional e-commerce.
Tag: Mike Jackson
Mike Jackson, the CEO of AutoNation, the largest retail dealer group in the United States, told CNBC that the domestic automakers are carrying inordinately large amounts of inventory. Telling Just-Auto that U.S. automakers have a “pretty bizarre” way of calculating inventories that end up justifying high inventory levels, Jackson said, “But if you cut through the bogus calculations and look at dealer inventory for the Detroit Three, it’s over a 100-day supply. And it simply doesn’t need to be there.” (Read More…)
Automakers look with worry at the tanking European market, but have great hopes for an advancing American. Not so fast, says Mike Jackson, CEO of AutoNation Inc. He sees a day of reckoning follow a few years of good auto sales. (Read More…)