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Policy: Economy

AutoNation April new vehicle sales up 14 pct.

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News,Business,Economy,Auto Industry

FORT LAUDERDALE, Fla. (AP) — AutoNation's new vehicle sales climbed 14 percent in April from the prior-year period, the best performance for the month in eight years.

The nation's largest automotive retailer said Friday that it sold 25,669 new vehicles in April.

Domestic vehicle sales rose 4 percent to 7,860 and sales of imported vehicles increased 18 percent to 12,857. Premium luxury vehicle sales surged 22 percent to 4,952.

Last month the company's first-quarter results topped analysts' expectations, thanks in part to a late-March surge in car and truck buying.

AutoNation Inc., which is based in Fort Lauderdale, Florida, anticipates reporting its May new vehicle sales results on June 4.

Its shares finished at $52.82 on Thursday. Its shares are up more than 6 percent so far this year.

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