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…)