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AutoNation is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. [6] The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets. [7] [8]
Harry Wayne Huizenga Sr. [1] (/ h aɪ ˈ z ɛ ŋ ɡ ə /; December 29, 1937 – March 22, 2018) was an American businessman.He founded AutoNation and Waste Management Inc., and was the owner or co-owner of Blockbuster Video, the Miami Dolphins of the National Football League (NFL), the Florida Panthers of the National Hockey League (NHL), and the Miami Marlins (formerly Florida Marlins) of ...
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
Michael Jackson (also known as Mike Jackson) is the retired Chief Executive Officer (effective November 1, 2021) and former Executive Chairman of the Board of Directors (effective February 16, 2021) of AutoNation, Inc. [2] Under his guidance the organization became the largest automotive retailer in the United States, using a more customer-focused, transparent and contemporary business model.
Autotrader.com was founded in 1997. [2] It was derived from Auto Trader magazine, first published by Stu Arnold in 1973. [5] Freelance photographers would travel to the address of a customer to photograph their vehicle.
Maroone is a second-generation auto dealer, who started out at his family's Ford dealership in upstate New York. [citation needed] In 1977 he became General Manager of the first Maroone dealership in South Florida. [4] The Maroone Automotive Group would grow to nine dealerships before merging with AutoNation in 1997. [5]
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