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0.000111644523836004 0.00212124595288599 0.00167466785754149 0.00547058166796913 0.0137322764318411 0.0170816121469242 0.0233337054817462 0.0295857988165679
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AutoNation CEO: Gas prices would have to jump to stop truck and SUV sales [CNBC]

AUTONATION (AN)  More Company Research Source: CNBC
Last autonation earnings: 8/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.autonation.com
PDF show chapters Gas prices are creeping up again, just as major American automakers are saying they plan to shift toward making even more hot-selling trucks, SUVs and crossovers. Ford said last week it will pare its passenger car lineup down to just two models — a hatchback-like vehicle called the Focus Active and the Mustang. The rest of its lineup will be all trucks, SUVs and crossovers. Some observers are saying Ford might be shooting itself in the foot. Oil prices fluctuate wildly, and federal fuel economy regulations may remain in effect, despite talk the Trump administration may freeze them, said Bill George, a Harvard Business School senior fellow. But AutoNation CEO Mike Jackson is not worried consumers will abandon SUVs and trucks any time soon. One, consumers really love their truck-based vehicles, Jackson told CNBC's Squawk Box on Tuesday. These vehicles offer a higher seating position that drivers seem to want, he said. Fu [Read more]

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