10

Hard to Find Auto Parts

Hard to Find Auto Parts One of the major problems that classic car owners have is that they have a hard time locating the right kind of auto parts or replacement auto

9

Save Money With Ditchek Auto Parts

Save Money With Ditchek Auto Parts Keeping in view the high costs and high demand of auto parts, a large number of manufacturers are providing used car parts in the market including

8

You Need Quality Auto Parts

You Need Quality Auto Parts As more and more automobiles are coming into the market, the industry of auto parts is automatically witnessing extensive growth. There are several showrooms, online stores, shops

7

Simple home maintenance

Simple home maintenance A recent survey carried out by a UK insurance company showed that as many as 39% of drivers don’t know how to perform even the simplest of safety checks

6

Paint Equipment maintenance

Paint Equipment maintenance Whether you run a a car body repair shop or a mobile car body repair service the maintenance of your paint equipment is paramount. So many problems that can

5

Automotive Paint Maintenance

Automotive Paint Maintenance Regardless of the type of finish, the exteriors of all vehicles are subject to environmental wear and tear. With just a few years on the road, a car loses

4

New Hyundai Fluidic Car Price and Features

New Hyundai Fluidic Car Price and Features Hyundai cars are constantly changing the trends of cars by offering the exclusive looks plus incredible features and specifications. It is the country’s largest car

3

The Importance of Car Maintenance

The Importance of Car Maintenance No normal human being likes the idea of having their car in the shop or paying for car repairs or other maintenance. However, if you own a

2

Used Cars In Coimbatore

Used Cars In Coimbatore Small family cars, classic cars, low budget cars, limited edition cars, muscle cars or Sport Utility Vehicles (SUV), you can buy brand and model according to your requirements.

1

Fashion Magazine Philippines

Fashion Magazine Philippines Together with the Internet, Fashion Magazines are one of the most informational source people often use. They are also known as a guide for us in our daily life.

Surging demand for new and used cars during the COVID-19 pandemic — which has sent prices for each skyrocketing — continues to seriously pad the bottom line of auto dealership giant AutoNation (AN).

And its top executive doesn’t see that dynamic changing anytime soon.

“Demand continues to outpace supply for new vehicles. We expect this to continue into 2022 due to consumers’ preference for personal transportation coupled with lower interest rates,” AutoNation CEO Mike Jackson says.

AutoNation — which operates 315 retail locations across the country — crushed analyst sales and profit forecasts for the second quarter on Monday. The company saw strong unit growth in import and premium luxury vehicles as consumers sought out upgraded rides. Volumes of domestic autos fell year-over-year as the Big Three (Ford, General Motors and Fiat Chrysler) battled with plant shutdowns borne from the chip supply shortage.

Here is how AutoNation performed compared to Wall Street estimates.

AutoNation shares was down slightly in pre-market trading Monday. The stock has skyrocketed 130% over the past year amid a series of blowout quarter.

For the second quarter, the company saw same-store sales climb 54% (up 33% from the second quarter of 2019, aka pre-pandemic numbers).

Underscoring the strong consumer demand, AutoNation said its new vehicle and used vehicle gross profit rose 89% and 24%, respectively, from the prior year. Those respective gains were 130% and 53%, compared to the second quarter of 2019.

The company said it repurchased 9% of its outstanding shares in the quarter for $736 million. Year-to-date, AutoNation has repurchased 15% of the company by spending $1.2 billion on stock buybacks.

Programming note: AutoNation CEO Mike Jackson will be on Yahoo Finance Live Monday in the 9:00 a.m. ET hour, to talk more about the quarter and the company’s outlook.

Story continues

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

What’s hot from Sozzi:

Watch Yahoo Finance’s live programming on Verizon FIOS channel 604, Apple TV, Amazon Fire TV, Year, Samsung TV, Pluto TV, and YouTube. Online catch Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, and LinkedIn.