AutoNation May Retail Sales Up 15%; Same-store Retail Unit Sales Up 12%

(RTTNews) - AutoNation Inc. (AN) reported automotive manufacturers retail sales of 30,275 new vehicles in May 2014, an increase of 15% as compared to May 2013. On a same-store basis, reported retail new vehicle unit sales in May 2014 were 29,471, an increase of 12% as compared to May 2013. The company noted that the industry reporting for May 2014 includes two more calendar days than for May 2013, including one additional Saturday.

The company also announced that it has signed an agreement to acquire Roundtree Chrysler Dodge Jeep Ram in Mobile, Alabama, where AutoNation currently operates Ford and Honda franchises. The annual revenue for this store is approximately $95 million.