Edition:
India

AutoNation Says No Longer Expect Flat SG&A To Gross Profit For 2018


Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - AutoNation Inc ::AUTONATION SAYS NO LONGER EXPECT FLAT Y-O-Y SG&A TO GROSS PROFIT FOR 2018 DUE TO HURRICANE MICHAEL, PRESSURE ON NEW VEHICLE MARGINS - CONF CALL.AUTONATION SAYS EXPECT TO CONTINUE GROWTH IN THE SUPPLY OF USED VEHICLES.AUTONATION SAYS CONTINUE TO EXPERIENCE SIGNIFICANT MARGIN PRESSURE AND WE EXPECT TO SEE CONTINUED PRESSURE FOR THE BALANCE OF THE YEAR.AUTONATION SAYS DO NOT CURRENTLY PLAN TO EXPAND AUTONATION USA IN 2019.