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Posts Tagged ‘AutoNation CEO Mike Jackson’

Rising EV Sales Will Cut into Booming Truck Sales

AutoNation CEO Mike Jackson posits impact of EVs on industry.

by on Jan.16, 2018

AutoNation CEO Mike Jackson believes that truck sales are going to suffer a bit at the expense of rising EV sales.

Seven of every 10 vehicles sold in the U.S. could soon be a truck the but continuing shift to pickups and sport-utility vehicles is not going to disrupt the growing presence of electric vehicles that will be on the road in the next decade, according to Mike Jackson, chief executive officer of AutoNation, who has earned a reputation as one of the industry’s seers.

Jackson told The Automotive News World Congress also said despite dire warnings to the contrary, car dealers will survive as will luxury brands during what promises to a sweeping transformation of the entire automotive landscape.

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The change will be motivated by the drive towards autonomous vehicles and steady increase in electrification, he said. “We are an industry on the verge of one of the most exciting era,” said Jackson, who noted the new technology will help the industry address two critical social issues, pollution and the highway fatalities. (more…)

Houston Area Auto Dealers Reeling in Wake of Hurricane Harvey

Storms and flooding will provide short-term economic boost.

by on Aug.31, 2017

AutoNation CEO Mike Jackson said 17 company dealerships are shut down due to Harvey and he's unsure when they'll reopen. Photo credit: CNBC.

Houston is the fourth-largest city in the U.S. and one of the largest markets for new vehicles so when it’s shut down by a massive hurricane and record rainfall it’s a big deal for the car business.

Fiat Chrysler, General Motors and Hyundai are already offering modest discounts on new vehicles purchased as replacements for cars, trucks and utility vehicles wrecked by the storm or floods.

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The discounts range from $500 to $750 but it’s not clear that that dealers around Houston are ready to handle the post-hurricane traffic just yet. (more…)