AutoNation Reports New Car Sales Up 23% in September image

AutoNation reported new car sales increased 23% in September, due to strong sales of imported vehicles.

The US largest automotive retailer said Wednesday, October 3rd, that new car sales increased 23% last month, to 22,982 vehicles, sales of imported vehicles were up 38% to 11,854 units, sales of premium luxury cars saw an increase of 11% to 4,258 units and domestic vehicle sales rose 10% to 6,870 units.

AutoNation reported new car sales up 22% in the third quarter, thanks to a 35% increase in sales of imported vehicles. Sales of domestic cars were up 12%, while those of premium luxury vehicles increased 6% compared with the same period last year.

The Fort Lauderdale company, which runs 261 new vehicle franchises in 15 states selling 32 brands, expects to offer the new vehicle sales reports for October on November 2nd. On Tuesday, October 2nd, the company’s shares finished at $44.45 after rising to a 52-week high of $44.69 earlier in the session. In 2011 AutoNation’s shares fell as low as $30.46.