AutoNation 2006 Annual Report Download - page 25
Download and view the complete annual report
Please find page 25 of the 2006 AutoNation annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
 |
 |
Table of Contents
Revenue mix percentages:
New vehicle 58.8 59.9 61.2
Used vehicle 23.8 23.0 22.3
Parts and service 13.7 13.4 12.9
Finance and insurance, net 3.3 3.2 3.2
Other .4 .5 .4
Total 100.0 100.0 100.0
Gross profit mix percentages:
New vehicle 26.8 27.4 28.2
Used vehicle 13.4 14.0 13.4
Parts and service 37.5 36.9 36.2
Finance and insurance 20.8 20.1 20.6
Other 1.5 1.6 1.6
Total 100.0 100.0 100.0
Operating items as a percentage of revenue:
Gross profit:
New vehicle 7.3 7.3 7.2
Used vehicle — retail 11.3 11.9 11.4
Parts and service 43.9 43.9 43.8
Total 16.0 15.9 15.6
Selling, general and administrative expenses 11.4 11.2 11.0
Operating income 4.2 4.3 4.1
Other operating items as a percentage of total gross profit:
Selling, general and administrative expenses 71.1 70.4 70.8
Operating income 26.2 26.9 26.3
Days supply:
New vehicle (industry standard of selling days, including fleet) 52 days 55 days
Used vehicle (trailing 30 days) 42 days 42 days
The following table details net inventory carrying benefit (cost), consisting of floorplan interest expense net of floorplan assistance
earned (amounts received from manufacturers specifically to support store financing of inventory). Floorplan assistance is accounted for
as a component of new vehicle gross profit.
Floorplan assistance $111.6 $ 109.8 $ 1.8 $108.7 $ 1.1
Floorplan interest expense (142.0) (105.5) (36.5) (74.7) (30.8)
Net inventory carrying benefit (cost) $ (30.4) $ 4.3 $ (34.7) $ 34.0 $ (29.7)
24