AutoNation Inc., the largest U.S. retailer of new cars and trucks, reported quarterly profit that topped estimates even as horrible winter weather kept many car buyers home for much of January and February.
The polar vortex that blasted through much of the United States last month made selling cars as difficult as moving the snow mounds that rose up around David Martin’s dealership near New Hampshire’s Mt. Washington.
Mike Jackson, chief executive officer of AutoNation Inc., says the largest U.S. auto dealer is stronger than ever. What’s not strong in his view is the U.S. economy, and that’s why he’s telling workers they won’t see higher paychecks anytime soon.