AutoNation Further Expands Footprint and Opens Second AutoNation USA Store in Denver Market
On October 18, 2021, AutoNation (NYSE: AN) announced the opening of its second AutoNation USA store in Denver, furthering its expansion strategy. This store is part of a larger plan with five new stores opening in 2021 and an expected twelve more in 2022. By the end of 2026, AutoNation aims to operate over 130 AutoNation USA stores nationwide. The company is focused on enhancing customer experience through its 1Price Pre-Owned model and the 'We'll Buy Your Car' program, while also supporting cancer research through its Drive Pink initiative, which has raised over $28 million since 2013.
- Opening of second AutoNation USA store in Denver expands market presence.
- Plans to open 12 additional stores in 2022 indicate growth strategy and confidence in market.
- Commitment to customer experience through 1Price Pre-Owned model enhances competitive advantage.
- Drive Pink initiative continues to support cancer research with over $28 million raised.
- None.
FORT LAUDERDALE, Fla., Oct. 18, 2021 /PRNewswire/ -- Demonstrating its commitment to exceeding Customer expectations, AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer today announced the opening of AutoNation USA Denver Broadway, the third of five new AutoNation USA stores that the company will open this year. The Company expects to open 12 additional AutoNation USA stores in 2022. AutoNation is projecting to have over 130 AutoNation USA stores in operation from coast-to-coast by the end of 2026. The AutoNation USA stores will continue to leverage the AutoNation brand, scale, and proven Customer-centric processes to capture a larger share of the used vehicle market.
"We are incredibly excited about the opening of AutoNation USA Denver Broadway. We look forward to providing a peerless Customer experience and connecting with our community through our Drive Pink initiative, which has raised and donated over
AutoNation USA offers a 1Price Pre-Owned model that features low, haggle-free pricing and a Customer-centric process that makes buying a pre-owned vehicle easy and allows Customers to enjoy a peerless Customer experience. Additionally, AutoNation USA offers "We'll Buy Your Car," which enables Customers to sell their vehicles directly to AutoNation, with no purchase necessary.
AutoNation USA Denver Broadway is the second AutoNation USA store in Denver that the company has opened this year. The store is located at 5501 South Broadway, Littleton, CO 80121. AutoNation USA Denver Broadway is open Monday through Saturday, 9am to 9pm. The store can be reached at (720) 703-7800 or online at www.AutoNationUSA.com.
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
Please visit www.autonation.com, investors.autonation.com, www.twitter.com/CEOMikeJackson , 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," "goals," "plans," "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 and other brand extension strategies; 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.
FAQ
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