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Employee discounts help boost auto sales.
Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) Publication Date: 28-OCT-05 |
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COPYRIGHT 2005 The Miami Herald
Byline: Patrick Danner
Oct. 28--The employee discounts carmakers extended to consumers spurred a 40 percent increase in Fort Lauderdale-based AutoNation's bottom line in the latest quarter.
The nation's largest automotive retailer posted third-quarter net income of $129.3 million, or 48 cents a share, including 3 cents a share from discontinued operations, up from $92.4 million, or 34 cents a share a year earlier.
The company's net income excluding special items was 41 cents a share, beating the 39 cents a share that Wall...
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