FORT LAUDERDALE, Fla.,
Nov. 16, 2021 /PRNewswire/
-- Building on its commitment to a superior Customer
experience and consumer choice for pre-owned vehicles,
AutoNation, Inc. (NYSE: AN) today announced the opening of
AutoNation USA Phoenix Avondale,
its second pre-owned vehicle store in the Phoenix market and the fourth new AutoNation
USA store to open in 2021.
With currently nine AutoNation USA stores in the nation, America's largest
and most admired automotive retailer is on track to have more than
130 AutoNation USA stores in
operation from coast to coast by the end of 2026, including plans
for one more store in 2021 and 12 additional locations in 2022.
"Strong consumer demand for pre-owned vehicles creates an ideal
environment for AutoNation USA to
highlight our distinctive Customer-centric experience and our
coast-to-coast network of stores, which give Customers a choice
when they are shopping for vehicles," said Steve Kwak, AutoNation USA President. "The opening of our ninth
AutoNation USA store and our plan
to have 130 stores open by the end of 2026 underscores our
nationwide commitment to the pre-owned vehicle market."
AutoNation USA's
Customer-focused program known as 1Price Pre-Owned makes
buying a pre-owned vehicle easy, with competitive, haggle-free
pricing. Additionally, the company's We'll Buy Your Car
program offers Customers a competitive cash offer to sell their
vehicles directly to AutoNation and get paid the same day, with no
purchase necessary.
"We look forward to welcoming Avondale Customers and are excited
to introduce them to our easy-to-use digital tools that help them
save time by searching our extensive pre-owned car inventory online
to find the car they're looking for at a guaranteed low price,"
said Matt Brown, AutoNation Market
President. "In addition to creating 26 new jobs in the local
market, we are committed to serving our community through
AutoNation's Drive Pink initiative, which partners locally with
Phoenix Children's Hospital and has raised more than $28 million in the fight against cancer
nationwide."
The AutoNation USA Phoenix
Avondale store is located at 10601 West Papago Freeway,
Avondale, Arizona, 85323. Store
hours are Monday through Saturday, 9 am to 9
pm, and 10 am to 6 pm Sunday.
The store can be reached at (602) 794-1700 or online at
AutoNationUSA.com.
In addition to the two AutoNation USA stores in the Phoenix market, AutoNation has 14 locations in
Arizona.
About AutoNation, Inc.
AutoNation, America's largest and most admired automotive retailer,
is transforming the automotive industry through its bold
leadership, innovation, and comprehensive brand extensions. As of
September 30, 2021, AutoNation owned
and operated over 300 locations from coast to coast. AutoNation has
sold over 13 million vehicles, the first automotive retailer to
reach this milestone. AutoNation's success is driven by a
commitment to delivering a peerless experience through
Customer-focused sales and service processes. Since 2013,
AutoNation has raised over $28
million to drive out cancer, create awareness, and support
critical research through its DRIVE PINK initiative, which was
officially branded in 2015.
Please
visit www.autonation.com, investors.autonation.com, and www.twitter.com/AutoNation, where
AutoNation discloses additional information about the company, its
business, and its results of operations. Please also
visit www.autonationdrive.com, AutoNation's automotive blog,
for information regarding the AutoNation community, the automotive
industry, and current automotive news and trends.
FORWARD-LOOKING STATEMENTS
This news release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Words such as "anticipates,"
"expects," "intends," "goals," "targets," "projects," "plans,"
"track," "believes," "continues," "may," "will," "could," and
variations of such words and similar expressions are intended to
identify such forward-looking statements. Statements regarding our
strategic initiatives, partnerships, or investments, including the
planned expansion of our AutoNation USA pre-owned vehicle stores; pending
acquisitions; and our investments in digital and online
capabilities; as well as statements regarding our expectations for
the future performance of our business, including with respect to
new and pre-owned vehicle sales targets, and the automotive retail
industry, and other statements that describe our objectives, goals,
or plans, are forward-looking statements. Our forward-looking
statements reflect our current expectations concerning future
results and events, and they involve known and unknown risks,
uncertainties, and other factors that are difficult to predict and
may cause our actual results, performance, or achievements to be
materially different from any future results, performance, and
achievements expressed or implied by these statements. These risks,
uncertainties, and other factors include, among others: economic
conditions, including changes in consumer demand, unemployment
rates, interest rates, fuel prices, and tariffs; our ability to
implement successfully our strategic initiatives, partnerships, and
investments, including the planned expansion of our AutoNation
USA stores; our ability to
identify, acquire, and build out suitable locations in a timely
manner; our ability to acquire and integrate successfully new
franchises; restrictions imposed by vehicle manufacturers and our
ability to obtain manufacturer approval for acquisitions; our
ability to develop successfully our digital and online capabilities
and other brand extension strategies; supply chain disruptions and
inventory availability; our ability to maintain and enhance our
retail brands and reputation and to attract consumers to our own
digital channels; our ability to attain planned sales volumes
within our expected time frames; new and used vehicle margins; our
ability to successfully implement and maintain expense controls;
the success and financial viability and the incentive and marketing
programs of vehicle manufacturers and distributors with which we
hold franchises; the response by federal, state, and local
governments and other third parties to, and the economic impacts
of, the COVID-19 pandemic; natural disasters and other adverse
weather events; the resolution of legal and administrative
proceedings; regulatory factors affecting our business, including
fuel economy requirements; the announcement of safety recalls;
factors affecting our goodwill and other intangible asset
impairment testing; and other factors described in our news
releases and filings made under the securities laws, including,
among others, our Annual Reports on Form 10-K, our Quarterly
Reports on Form 10-Q and our Current Reports on Form 8-K.
Forward-looking statements contained in this news release speak
only as of the date of this news release, and we undertake no
obligation to update these forward-looking statements to reflect
subsequent events or circumstances.
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SOURCE AutoNation, Inc.