AutoNation Reports April Sales Up 12% image

AutoNation declared on Wednesday, May 2nd, that sales of its new vehicles were up 12% in April on strong demand for both imported and domestic cars.

The company managed to sell 20,534 cars and trucks last month and declared that sales of imported vehicles increased 16% to 10,358 units, demand for domestic vehicles rose 9% to 6,306 and that sales of premium and luxury vehicles rose 10% to 3,870. Automakers reported overall U.S. sales up 2.3% last month to 1.18 million cars and trucks. Although sales were strong, growth was a little slower compared to last year and the smallest monthly advance since July. Hyundai and Kia posted their lowest increases in 20 months. Ford and General Motors lost ground in the U.S.

Retail new vehicle unit sales in April 2012 for AutoNation’s operating segments were as follows:

– 6,306 for Domestic, up 9% versus April 2011,
– 10,358 for Import, up 16% versus April 2011
– 3,870 for Premium Luxury, up 10% versus April 2011