AutoNation CEO Predicts Return to 16 Million Sales
The CEO of AutoNation Inc., Mike Jackson, also believes in the strength of the market, as according to Automotive News, he has predicted a return to 16 million annual sales. "There is so much stimulus in this economy" that another downturn will be avoided, Jackson stated in front of dealers gathered at a Washington Area New Automobile Dealers Association luncheon.
He did not, however, provide a clear timetable for this, saying only he expects annual figures to rise to 12.7 million at the end of 2011. Between 1999 and 2007, the US car market topped 16 million units and all seemed great until it went downhill with 10.4 million deliveries when the crisis struck in full.