AutoNation, distaste for domestic models easing, will up inventory of U.S. autos
AutoNation, which operates as AutoWay dealerships in the Tampa Bay area, plans to re-evaluate its mix of domestic and foreign auto inventory now that General Motors has abandoned its "push production" business model, says Mike Jackson, CEO of the Fort Lauderdale-based auto retailing giant. It is a major reversal of AutoNation strategy.
Jackson spoke at a town hall meeting with GM CEO Fritz Henderson. Jackson said he looks forward to including more domestic inventory “now that this dragon has been slain,” referring to GM’s habit of churning out as many cars as their plants could produce.More from the South Florida Business Journal.
After the meeting, AutoNation spokesman Marc Cannon confirmed to the St. Petersburg Timesthat the company would begin "upping" its inventory of domestic cars as early as October. AutoNation, which operates 16 AutoWay dealerships in the greater Tampa Bay area, currently offers an inventory of vehicles that is only one-third domestic. In past interviews with AutoNation executives, they have shown little respect for the quality and designs of many domestic vehicles.
Photo: GM's Henderson (left) and AutoNation's Jackson attend a town hall meeting at Nova Southeastern University Thursday in Fort Lauderdale to discuss the future of the auto industry. (Photo by Joe Raedle/Getty Images)
-- Robert Trigaux, Times Business Columnist.