AutoNation, on its website, said there is a $500 maximum discount available at stores in Arizona, California, Colorado, Nevada, Texas and Washington. The company limits the discount to one coupon per vehicle and said taxes, shop supplies, battery fees and hazardous waste fees, where applicable, are extra. Collision work is excluded.
Earlier this month, the auto-retail giant announced a number of cost-cutting moves as it has seen its new- and used-vehicle sales volume and service work drop given stay-at-home orders because of the coronavirus.
The company has placed about 7,000 employees — or more than a quarter of its work force — on unpaid leave, temporarily cut employees’ base pay, froze new hiring, trimmed advertising costs by about half in the second quarter and postponed more than $50 million in capital expenditures.
Executive Chairman Mike Jackson and CEO Cheryl Miller, who was granted leave Monday for undisclosed health reasons, have taken 50 percent salary cuts, while other executives and corporate and regional staff are taking pay cuts ranging from 20 to 35 percent.
AutoNation Inc., of Fort Lauderdale, Fla., ranks No. 1 on Automotive News‘ list of the top 150 dealership groups based in the U.S., retailing 282,602 new vehicles in 2019.
