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AutoNation, Inc. is America's largest Automotive Retailer. Headquartered in Fort Lauderdale, Fla., AutoNation employs approximately 28,000 people at 285 dealership locations representing 362 new vehicle franchises across 18 states. With over $19 billion in annual revenue, AutoNation ranked #97 on the 2004 Fortune 500, outselling all other automotive retailers in the U.S. AutoNation is also the Web's largest automotive retailer of both new and used vehicles, generating $3.0 billion of revenue in 2003 via the Internet.
Each AutoNation-owned dealership is a specialty retail business that draws its sales and profits from a diverse mix of retail-related activities. They include:
New Vehicles - About 61% of an automotive dealership's revenue comes from its sales of new vehicles. AutoNation retailed $11.8 billion of new vehicles in 2003 -- more than any other single retailer. In all, AutoNation sells vehicles from 35 different manufacturer brands.
Used Vehicles - About 23% of an automotive dealership's revenue comes from its sales of used vehicles. AutoNation sold $4.5 billion worth of used vehicles in 2003 -- more than any other single retailer.
Parts and Service - About 13% of an automotive dealership's revenue comes from servicing vehicles, selling vehicle parts and performing collision repairs and other body work. AutoNation is America's largest provider of factory-authorized vehicle parts and services, generating $2.4 billion of parts and service revenue in 2003-- more than any other single retailer.
Finance and Insurance - About 3% of an automotive dealership's revenue comes from the origination of vehicle financing through third parties and through the sale of insurance and warranty products. AutoNation's finance and insurance business generated $601 million of revenue in 2003.
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