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AutoNation sets its Sights on 60,000 Online Sales

8 June 2000

    Detroit - Speaking in Detroit on Wednesday, AutoNation President, Michael
Jackson, predicted that his company will sell approximately 60,000 vehicles
via the Internet this year, accounting for about $1.7 billion in sales.
Last year AN claimed sales of about $1 billion from online purchases.
Although the projection represents a very optimistic growth rate, Mr.
Jackson commented that by comparison to AutoNation's overall revenues,
which is more than $20 billion, it is relatively small portion and very
do-able.

   Mr. Jackson added that Internet car and truck buying ranks just after books
and travel services, and is growing very quickly, in spite of its changing
nature.  He believes that middlemen referral services will eventually
disappear, and that actual dealers who can fill orders from their
inventories will be the ones to succeed.  


MJR