AutoNation, Inc.
 |
|
| Public | |
| Traded as | : AN S&P 500 Component |
| Industry | Car dealership |
| Founded | 1996 |
| Founder | H. Wayne Huizenga |
| Headquarters | Fort Lauderdale, Florida, United States |
|
Key people
|
Mike Jackson (Chairman, CEO), Bill Berman (COO) and President) |
| Revenue |
 US$ 20,862.0 million (2015) US$ 21,608.0 million (2016)
|
|
US$ 873.1 million (2015) US$ 889.5 million (2016)
|
|
|
US$ 442.6 million (2015) US$ 430.5 million (2016)
|
|
| Total assets |
US$ 9,558.3 million (2015) US$ 10,060.0 million (2016)
|
| Total equity |
US$ 2,349.3 million (2015) US$ 2,310.3 million (2016)
|
| Website | www |
From its founding by entrepreneur H. Wayne Huizenga in 1996, AutoNation has become the largest automotive retailer in the United States and is the leading provider of new and pre-owned vehicles and associated services in the United States. The company currently owns and operates over 310 centers of retail operations throughout the continental U.S. and is currently led from its Ft Lauderdale, Florida headquarters by the Chairman, Chief Executive Officer Mike Jackson, former President of Mercedes-Benz North America.
The Chief Operations Officer and President is Mr. William Berman.
AutoNation has over 26,000 employees. who sell and repair 35 different manufacturer brands in 15 states. It is ranked #136 in the 2016 Fortune 500. The company has a large internet presence, offering its entire inventory for online searching.
In 1981, Republic Industries was created, specializing in waste disposal by Robert Alpert of A&B Investors, Tom Fatjo, and Bill DeArman. H. Wayne Huizenga became Chairman of the Board in 1995. Republic began its used auto sales initiative with the purchase of Auto Nation USA in 1997, followed by Car Choice Inc. Republic began opening AutoNation used megastores. CarMax brought a lawsuit against Republic for copyright and trademark infringement. Republic's sales for 1995 were $5.2 billion.
In 1996, Republic began purchasing new car dealerships and offering long-term contracts to owners who joined the automotive division management team. Some dealers began seeking out Republic to sell their dealerships because of the long-term contracts. In 1996, Republic built twelve AutoNation locations.
In 1996, Alamo Rent A Car was acquired.
In 1997, Republic continued acquisitions in the car rental business with the purchase of National Car Rental, Spirit Rent-A-Car, Value Rent-A-Car, Snappy Car Rental, and EuroDollar Rent A Car. Huizenga had Republic start consolidating operations between new and used cars and its rental companies into one operation. Acquiring six Saturn dealerships in Arizona and Florida, Republic sold the dealerships to Saturn in 1997 because they did not generate enough sales despite being a successful brand. Maroone Automotive Group of Buffalo, NY and Florida was acquired in 1997 for $200 million in Republic Stock.
A 2-for-1 in the company stock was completed in 1996.
...
Wikipedia