AutoNation Inc is a Delaware corporation was incorporated in 1991. The Company, through its subsidiaries, is an automotive retailer in the United States. It operates 276 new vehicle franchises from 232 stores located in the United States. It offers automotive products and services, including new vehicles, used vehicles, parts and automotive services and automotive finance and insurance products. It also arranges financing for vehicle purchases through third-party finance sources. It has three operating segments: Domestic, Import, and Premium Luxury. Its Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Chrysler. Its Import segment is comprised of retail automotive franchises that sell new vehicles manufactured by Toyota, Honda and Nissan. Its Premium Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured by Mercedes, BMW, and Lexus. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services and automotive finance and insurance products. The Company faces competition from 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 market and (iii) online and mobile sales platforms. It competes with dealers that sell the same vehicle brands that it sells as well as those that sell other vehicle brands. It also competes with other dealers for qualified employees, particularly for general managers and sales and service personnel. It owns a number of registered service marks and trademarks, including, among other marks, AutoNation and AutoNation. Pursuant to agreements with vehicle manufacturers, it has the right to use and display manufacturers' trademarks, logos, and designs at its stores and in its advertising and promotional materials, subject to certain restrictions.
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