AUTONATION LOTS WILL ADD NEW VEHICLES.Byline: Knight Ridder
Knight Ridder (IPA: /ˈrɪdɚ/) was an American media company, specializing in newspaper and Internet publishing. Newspapers Suffering declining sales and losing money at its used-car Noun 1. used-car - a car that has been previously owned; not a new car secondhand car auto, automobile, car, motorcar, machine - a motor vehicle with four wheels; usually propelled by an internal combustion engine; "he needs a car to get to work" superstores This is a list of superstores by country. Multi-national
The Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. auto retailing group continues to struggle with its used-car superstores. Factory incentives on new autos hurt used-car sales in the fourth quarter. Although AutoNation's revenue rose 22 percent to $282.1 million, sales at the 17 stores open for a year or more were down 9 percent, contributing to an operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $14 million for the used-car chain. ``We need to generate more volume at these stores,'' said Steven Berrard, Republic's co-chief executive officer. ``One of the most logical alternatives is to share the megastore sites with our new-vehicle franchises. We have developed a plan and expect to have a number of sites converted by the end of 1999.'' Taking questions from analysts, Berrard added later: ``The first desire would be to do them all. How long that's going to take, I really don't want to venture a guess. The cost would be minimal.'' The company has one AutoNation in Oxnard and another planned for Van Nuys. |
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