AutoNation 2015 Annual Report Download - page 41
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Table of Contents
Domestic
The Domestic segment operating results included the following:
Revenue $ 7,069.8
$ 6,359.5
$ 710.3
11.2
$ 5,835.3
$ 524.2
9.0
Segment income $ 336.9
$ 285.0
$ 51.9
18.2
$ 246.6
$ 38.4
15.6
Retail new vehicle unit sales 111,519
102,643
8,876
8.6
96,229
6,414
6.7
Domestic revenue increased during 2015, as compared to 2014, primarily due to increases in new and used vehicle unit volume and new and used vehicle
revenue PVR. The increase in new vehicle unit volume was due in part to replacement demand and improved market conditions, including increased
consumer borrowing and improved consumer confidence as compared to the prior year. New product offerings from certain automotive manufacturers also
favorably impacted new vehicle unit volume. New vehicle revenue PVR benefited from lower average fuel prices, which caused a shift in mix toward larger
vehicles, such as trucks and sport utility vehicles, that have relatively higher average selling prices. The increase in used vehicle unit volume was primarily
due to an increase in sales of certified pre-owned vehicles, as well as an increase in trade-in volume associated with new vehicle sales. Used vehicle revenue
PVR benefited from the increase in sales of certified pre-owned vehicles, which have relatively higher average selling prices.
Domestic segment income increased during 2015, as compared to 2014, primarily due to an increase in finance and insurance revenue and gross profit,
which benefited from an increase in finance and insurance revenue and gross profit PVR and higher vehicle unit volume. Domestic segment income also
benefited from an increase in parts and service gross profit. Increases in Domestic segment income were partially offset by an increase in variable expenses.
Domestic revenue increased during 2014, as compared to 2013, primarily due to an increase in new and used vehicle unit volume and an increase in new
and used vehicle revenue PVR. The increase in new vehicle unit volume was due in part to replacement demand and improved market conditions, including
increased consumer borrowing and improved consumer confidence as compared to the prior year. New product offerings from certain automotive
manufacturers also favorably impacted new vehicle unit volume. The increase in used vehicle unit volume was primarily due to an increase in sales of
certified pre-owned vehicles, as well as an increase in trade-in volume associated with new vehicle sales.
Domestic segment income increased during 2014, as compared to 2013, primarily due to an increase in parts and service gross profit and an increase in
finance and insurance revenue and gross profit, which benefited from an increase in finance and insurance revenue and gross profit PVR and higher vehicle
unit volume. Increases in Domestic segment income were partially offset by an increase in variable expenses.
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