AutoNation (NYSE: AN) To Increase Vehicle Orders in 4Q Due to Cash for Clunkers

AutoNation Inc. (NYSE: AN) said Wednesday it will increase vehicle orders in the fourth quarter as it seeks to restock showroom floors emptied out during the Cash for Clunkers program.

Wall Street Grand is a leading online financial publication. We are pleased to alert investors of stocks that are on the move.

Sign Up for our Free Stock Newsletter

The auto retailer said it would boost orders 50 percent in the fourth quarter from the third quarter. The company also ordered more cars than expected in the third quarter, according to Associated Press.

Automakers sold a total of 1.3 million new cars and light trucks last month, with more than half of the sales coming under the government rebate program.

AutoNation said it sold 13,000 vehicles during the clunkers program which began in late July and extended into August. The company's dealerships stopped selling cars under the program three days before it officially ended to ensure dealers were able to process the paperwork to receive per vehicle reimbursements of $3,500 or $4,500.

The government owes AutoNation more than $54 million from clunker sales.

Sign up for Today for our free Wall Street Grand newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.

About Wall Street Grand

Wall Street Grand is the best investor relations company on the web. From Research Reports to Stock Profiles, we give you everything you need to make the best investment decisions daily. Each of our Featured Investment Opportunities hold premium characteristics to succeed even our own expectations making us the best kept secret of Wall Street.

To feature a company on our web site please contact us at the email listed below.

Wall Street Grand's stock profiles are intended to be stock ideas, NOT recommendations. Please do your own research before investing. Please click here to read the full disclaimer.