When is a Gregorian calendar not a calendar? When December 2015 ends on January 4, 2016.
AutoNation CEO Mike Jackson brought greater attention to the subject of the unnecessarily convoluted auto sales calendar when, in a conversation with Automotive News reporter Amy Wilson, Jackson said, “It’s ridiculous that I have to get on the air and explain the industry calendar to make sense of sales.” (Read More…)
The CEO of the largest car dealer in the U.S. told Reuters on Wednesday that automakers shouldn’t base incentives on volume, which could jeopardize cutting profits.
“We really have to watch the quality of volume,” AutoNation CEO Mike Jackson told Reuters. “We have to find the right balance between price and volume.”
Jackson said he doesn’t anticipate auto sales to waver far from 2015’s record year, but he does foresee “entering a new chapter” with weaker demand for cars. (Read More…)
Automotive News has interesting insight into the tenuous, and now soon-to-end, relationship between TrueCar and car dealer-giant AutoNation.
The report details a May lunch between TrueCar CEO Scott Painter, President John Krafcik and Senior Vice President of Dealer Development Mike Timmons, and AutoNation COO Bill Berman and Chief Marketing Officer Marc Cannon. At the lunch, TrueCar executives reportedly said they would require data from all AutoNation sales — regardless if they were generated by TrueCar — for the two companies to continue doing business.
“Over my dead body,” AutoNation CEO Mike Jackson said later, according to Automotive News.
Though the anti-Tesla legislation recently signed into Michigan law is only a clarification of a previous anti-direct sales law, AutoNation CEO Mike Jackson finds the whole thing as “unnecessary protectionism.”
Automotive retailer AutoNation is pulling used vehicles off the lot that may be affected by the ongoing Takata airbag recall.
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.
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…)