Is AutoNation's Move Proof Toyota Was Right All Along?

Massive decisions have been made throughout the automotive industry recently. Automakers are judging when and how they want to dive into electric vehicles (EVs), while simultaneously deciding whether to increase U.S. production capacity to offset tariffs.There are always signals and hints littered throughout the market about how these decisions are going, and recently there was a signal from AutoNation  (NYSE: AN) about a big Toyota Motor (NYSE: TM) strategy that is largely positive.CarMax and Carvana may be memorable vehicle retailers, but AutoNation is a powerhouse that generally finds itself No. 2 in units sold in the U.S. It's a revenue leader -- though it can fluctuate. Recently, the large vehicle retailer bought a Toyota franchise, a move it hadn't made in a decade. It's a small move, considering it's one store and the total value of the acquisition was roughly $120 million -- chump change for these companies. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool