AutoNation 2011 Annual Report Download - page 19

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
We are subject to numerous legal and administrative proceedings, which, if the outcomes are adverse to us, could materially adversely affect our
business, results of operations, financial condition, cash flows, and prospects.





Our operations are subject to extensive governmental laws and regulations. If we are found to be in violation of or subject to liabilities under any
of these laws or regulations, or if new laws or regulations are enacted that adversely affect our operations, our business, operating results, and
prospects could suffer.














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









We are subject to interest rate risk in connection with our vehicle floorplan payables, revolving credit facility, and term loan facility that could have
a material adverse effect on our profitability.
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