Autonation Inc 's Comment on Competitors and Industry Peers
We operate in a highly competitive industry. We believe that the principal
competitive factors in the automotive retail business are location, service,
price, selection, and online offerings. Each of our markets includes a large
number of well-capitalized competitors that have extensive automotive retail
managerial experience and strong retail locations and facilities. According
to CNW Marketing Research, Inc., the total number of U.S. franchised automotive
dealerships was approximately 15,900, and the total number of U.S. independent
used vehicle dealers was approximately 37,000 and 37,900 at the end of 2013
and 2012, respectively. We face competition from (i) several public companies
that operate numerous automotive retail stores on a regional or national basis,
including franchised dealers that sell new and used vehicles as well as non-franchised
dealers that sell only used vehicles, (ii) private companies that operate automotive
retail stores in our markets, and (iii) online marketplaces. We compete with
dealers that sell the same vehicle brands that we sell, as well as those that
sell other vehicle brands that we do not represent in a particular market. Our
new vehicle store competitors have franchise agreements with the various vehicle
manufacturers and, as such, generally have access to new vehicles on the same
terms as we have. We also compete with other dealers for qualified employees,
particularly for general managers and sales and service personnel.
In general, the vehicle manufacturers have designated marketing and sales
areas within which only one franchised dealer of a given vehicle brand may operate.
Under most of our framework agreements with the vehicle manufacturers, our ability
to acquire multiple dealers of a given vehicle brand within a particular market
is limited. We are also restricted by various state franchise laws from relocating
our stores or establishing new stores of a particular vehicle brand within any
area that is served by another dealer of the same vehicle brand, and we generally
need the manufacturer to approve the relocation or grant a new franchise in
order to relocate or establish a store. However, to the extent that a market
has multiple dealers of a particular vehicle brand, as most of our key markets
do with respect to most vehicle brands we sell, we face significant intra-brand
competition.
We also compete with independent automobile service shops and service center
chains. We believe that the principal competitive factors in the parts and service
business are price, location, the use of factory-approved replacement parts,
expertise with the particular vehicle lines, and customer service. We also compete
with a broad range of financial institutions in our finance and insurance business.
We believe that the principal competitive factors in the finance and insurance
business are product selection, convenience, price, contract terms, and the
ability to finance vehicle protection and aftermarket products.
Overall company Market Share Q4 2023 |
*Market share is calculated based on total revenue.
Who are Autonation Inc 's Competitors?
Autozone Inc Share Performance
+20.77%
This Year
|
Autozone Inc
Profile
Autozone Inc operates as a retail company that specializes in automotive parts and accessories. Their business model revolves around offering a wide range of products to customers through their extensive network of physical store locations. They generate revenue by selling auto parts, tools, and chemicals, while also providing customer services such as battery testing and loaning specialty tools.
More about Autozone Inc's Market Share
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Genuine Parts Co Share Performance
-0.35%
Over The Past 5 Days
|
Genuine Parts Co
Profile
Genuine Parts Co is a distributor of automotive and industrial replacement parts, operating through multiple divisions for various markets. Their business model revolves around sourcing and procuring quality parts from suppliers and efficiently distributing them through an extensive network of stores to meet the demands of both retail customers and professional repair shops.
More about Genuine Parts Co's Market Share
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O Reilly Automotive Inc Share Performance
+1.76%
Over The Past 5 Days
|
O Reilly Automotive Inc
Profile
O'Reilly Automotive Inc operates as a specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories to both professional service providers and do-it-yourself customers. The company follows a multi-channel business model, with a network of conveniently located stores across the United States, an online platform offering e-commerce services, and a professional sales team visiting commercial customers. O'Reilly Automotive's main revenue comes from the sale of its vast inventory of automotive products to serve various customer needs.
More about O Reilly Automotive Inc's Market Share
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Carmax Inc Share Performance
+21.03%
This Quarter
|
Carmax Inc
Profile
Carmax Inc operates a chain of used car dealerships across the United States, offering customers a one-stop shopping experience for buying, selling, and financing used vehicles. They differentiate themselves by providing a transparent and no-haggle pricing approach, along with an extensive selection of vehicles and comprehensive vehicle history reports.
More about Carmax Inc 's Market Share
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Dorman Products Inc Share Performance
+8.31%
This Year
|
Dorman Products Inc
Profile
Dorman Products Inc is a supplier of automotive aftermarket parts, operating on a business model that focuses on designing, manufacturing, and distributing replacement parts and hardware for vehicles sold in North America. They provide a comprehensive range of parts that include mechanical, electrical, and body repair products to professional service technicians and do-it-yourself customers.
More about Dorman Products Inc 's Market Share
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Motorcar Parts Of America Inc Share Performance
-5.93%
Over The Past 5 Days
|
Motorcar Parts Of America Inc
Profile
Motorcar Parts of America Inc operates as a manufacturer, remanufacturer, and distributor of automotive aftermarket parts. They specialize in offering alternators, starters, electric power steering components, brake master cylinders, and other related products, servicing retail customers, professional installers, and automotive suppliers.
More about Motorcar Parts Of America Inc's Market Share
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Standard Motor Products Inc Share Performance
-22.05%
30 Days
|
Standard Motor Products Inc
Profile
Standard Motor Products Inc is an automotive parts manufacturer and distributor, specializing in producing engine management and temperature control products for various vehicles.
More about Standard Motor Products Inc 's Market Share
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Truecar inc Share Performance
-10.90%
Over The Past 5 Days
|
Truecar inc
Profile
TrueCar Inc is an online automotive marketplace that connects car buyers with local dealers. They provide pricing information that enables buyers to see what others have paid for similar vehicles in their area, creating transparency in the car buying process. TrueCar generates revenue by charging fees to the dealers for new car sales facilitated through their platform.
More about Truecar inc 's Market Share
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