AutoNation CEO Mike Jackson predicted the auto industry will sell 14 million units this year, higher than what others in the industry expect.
The auto retailer saw record company revenue of $3.7 billion and earnings of 51 cents, Jackson said, with the biggest increase coming in new vehicles.
“That says something for the entire auto industry and for the economy recovery that’s under way in the United States,” Jackson said. “Autos will be a bright spot for the U.S. economy this year.”