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Used Cars For Sale In Fort Lauderdale, End of a car-selling era as CEO of Florida-based AutoNation steps down – FORT LAUDERDALE – Car sales were for decades mostly local family businesses with little hope of supporting manufacturers.
Mike Jackson, nearly two decades, CEO of AutoNation Fort Lauderdale, has altered the business and has demonstrated that a large listed company can successfully sell cars.
On Wednesday, Jackson announced he would leave the CEO for next year and end one of Fortune 500’s oldest assignments.
Although the car market in 2016 reached its peak, AutoNation is the largest car distributor and leading leading brands such as Ford, Chevrolet and Toyota.
“He is a pioneer,” says Wes Lutz, owner of Chrysler Dodge franchise in Jackson, Michigan, and chairman of the National Automobile Association. “If Mike Jackson did not exist, Warren Buffett would not be in the shop.”
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The AutoNation matrix began to look for heirs. Jackson, who remains as president, is abandoning this process. The new CEO should take the lead in the first half of 2019.
Always “fully dedicated”
In an interview, Jackson said he was “fully involved” at work.
“I still believe as AutoNation’s leader, CEO and president, responsible for product development,” he said. “He consumes everything.”
Jackson grew up in New Jersey and studied political science. When his Mercedes SL crashed in his honeymoon in Massachusetts, he got a job as a mechanic to pay for repairs. He joined a small distribution chain that sold various brands and became a ladder partner. Then he joined the American Mercedes-Benz business, which drove four years.
In 1999, he was commissioned to repair the founder of AutoNation, Florida Florida Wayne Huizenga, who launched a successful video channel and Waste Management Inc. against local merchants who are deeply rooted in their community.
Jackson immediately shut down 23 major car manufacturers, released 1800 people and consolidated office printing to reduce costs. He then removed the names of local businesses and identified them all with AutoNation.
Today, AutoNation is a chain with 325 seats south and west. Ford, Chevrolet and Honda, AutoNation is the largest brand retailer such as Mercedes-Benz, BMW and Honda. In 2017, the franchise machine sold 329,000 new vehicles.
Thanks to AutoNation, Jackson has become a powerful voice that car manufacturers can produce in a way that smaller distributors can not.
At the 2007 International Auto Show in North America, Detroit stated. He started screaming with Riccio Wagoner, then General Motors Director-General. “I was seduced by some GM dealers doing a mapping than they could sell to earn,” says Jackson, “you are not grateful to Turkey!”
A few years later, he announced that AutoNation would not sell used cars with unresolved withdrawal problems that would violate industrial practices.
“Mike Jackson is afraid to call manufacturers if they want,” says Gartner’s auto analyst Mike Ramsey. “It’s so thick that you can not just say, sit down, Mike.”
As the automotive industry recovered from the recession, AutoNation saw how wealth increased. In July 2015, over $ 65 a share was traded. At the beginning of 2016, however, the share declined because it was not lower than the competition. Shares were closed on Tuesday for $ 43 when they lost one third of their value when they peaked at $ 62 and ended shortly after January. On Wednesday, $ 43.79 was traded.
“Impacts and shocking losses”
During the deep downturn in the industry, Jackson became Serge Marchionna, CEO who brought Fiat into Chrysler’s bankruptcy. In Detroit and Marchionne Motor Show, two joint private parties will be held at Jackson’s Formula 1 races at Monte Carlo.
“Sergio took us through the garage and that was exactly what he meant,” Jackson said.
Marchionne’s death in July after complications on the shoulders was a stroke, Jackson said. Four months after Huizeng’s death.
Jackson called them “shocking and shocking defeats” and pointed out that Marchionne would withdraw in 2019.
Although Jackson reported on any special retirement scheme, he said he was still actively participating in AutoNation’s “Drive Pink” breast cancer research, which $ $ donated by the 15 million and pink boxes promoted to 2014. The chip that franchise has been set up. Every new car they sell.
After 20 years of AutoNation, he said, “It’s a pretty new chapter.”
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