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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]
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]
In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers.
Additional revenues come from auto repair at the dealerships, financing, and insurance sales. [37] In 2013 Lithia was named No. 9 on Automotive News' list of the 125 largest U.S. dealership groups, with retail new-vehicle sales of 56,960 units in 2012. In used-vehicle sales it also ranks No. 9, with retail used-vehicle sales of 49,067 in 2012. [38]
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Shares in CDK's parent company lost over 5.7% value in the wake of the attack, [39] while share prices of large auto dealers Sonic, Group 1 and AutoNation dropped up to 4.4%. [40] JD Power estimated that due to the outage, U.S. retail unit sales in June 2024 would decrease by up to 7.2% from June 2023. [ 41 ]
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That dealership was acquired by AutoNation in 1997, and Lemonis subsequently held several sales and managerial roles under the new ownership. [4] A family friend, Lee Iacocca approached Lemonis and told him he wanted to "Create the largest RV chain" as the RV business model in the United States was "fractured".
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