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vehicle supply

A new model coming for vehicle supply, AutoNation CEO Mike...

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The COVID-19 pandemic could be a watershed for carmakers who have typically kept hundreds of thousands of new vehicles at any given time. AutoNation CEO Mike Jackson surmises that this inventory-heavy practice could be coming to an end, giving way for a new method for vehicle supply to retailers. In an interview with Bloomberg Television, […]
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AutoNation

AutoNation reports record earnings in Q2 2021

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On July 19th, AutoNation released their Q2 net income from continuing operations that set an all-time earnings record for the fifth straight quarter. As the largest American automotive dealer group, their net income achieved $385 million and an adjusted EPS of $4.83, representing an increase of 243% above the same period last year. Compared to […]
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AutoNation CEO Mike Jackson discusses Q4 results, digital retailing, the used-car...

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AutoNation is coming off a record-setting quarter at the end of 2020. One of the nation’s largest automotive retailers made a strong rebound after...

AutoNation’s Mike Jackson relinquishes Chairman role as company profits boom

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Mike Jackson, CEO of AutoNation is stepping down from his position as Chairman. Jackson will remain CEO of the retailer, as the company announced its decision to separate the roles of Chairman and CEO. Rick L. Burdick was elected by the Board of Directors to succeed Jackson as AutoNation’s new Chairman. “The Board is comprised […]
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Marc Cannon

Marc Cannon Reflects on AutoNation’s Year Thus Far and What’s...

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In the midst of the pandemic, the customer experience in dealerships has experienced various changes and challenges. Marc Cannon, EVP Chief Customer Experience Officer at AutoNation joins us on the show to discuss how the customer experience is transforming, and the future of the company. On April 29, 2020, AutoNation announced that Marc Cannon would […]
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automotive newscast

CBT Automotive Newscast: July 15, 2020

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Today’s Featured Interview: DealerPRO Training CEO Don Reed on Rebooting Your Fixed-Ops Department: With a shortage of technicians, strained advertising budgets, and a national pandemic, it can be tricky for dealers to navigate fixed-ops management. Service drives were largely considered essential services at the height of the pandemic. There was a lot of pressure put […]
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AutoNation

AutoNation Board of Directors Approves New Contract with Mike Jackson...

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FORT LAUDERDALE, Fla., July 14, 2020 — AutoNation, Inc., America’s largest and most recognized automotive retailer, today announced that the Company and its Board of Directors have entered into a contract with Mike Jackson as Chairman and Chief Executive Officer, through April 12, 2022. It is the intent of the Company to name a successor […]
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Cheryl Miller

Cheryl Miller, CEO of AutoNation, Takes Medical Leave

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Effective April 13th, AutoNation’s CEO and President Cheryl Miller is on leave from her position. In a filing required by the Securities Exchange Commission for publicly-traded companies dated April 12th regarding changes in the Board of Directors and Officers, Miller’s leave of absence has been granted “for medical reasons”. AutoNation is the largest dealer group […]
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AutoNation CEO Cheryl Miller Discusses Market Disruptors, Industry Turnover, and...

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In part two of this CBT News exclusive, our host, Jim Fitzpatrick continues his conversation with Cheryl Miller, AutoNation‘s first female CEO, and first-ever female CEO of a publicly-traded auto group. The pair discuss how to combat high turnover rates, market disruptors like Tesla, EVs, ridesharing, and subscription models. Cheryl also weighs in on USMCA, […]
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Cheryl Miller

Cheryl Miller Takes the Driver’s Seat as AutoNation’s First Female...

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On today’s very special edition of CBT News, our host, Jim Fitzpatrick visited AutoNation‘s corporate headquarters in sunny Ft. Lauderdale, Florida to be with the one and only Ms. Cheryl Miller, new CEO of AutoNation. Cheryl is AutoNation’s first female CEO, and in fact, the first-ever female CEO of a publicly-traded auto group. Cheryl has […]
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