For the second quarter of 2009, total revenues were $2.61 billion, compared to $3.66 billion in the second quarter of 2008.

For the first six months ended June 30, 2009, net income was $71.3 million, or $0.40 per diluted share, compared to $102.5 million, or $0.57 per diluted share, in the same period of 2008.

Total revenues were $5.01 billion, a 32% decrease, compared to $7.39 billion in the same period of 2008.

Mike Jackson, chairman and CEO of AutoNation, said: "Despite extraordinarily difficult industry conditions, AutoNation delivered solid profitability, driven by cost reduction, lower interest expense, and our disciplined operating model and inventory management. The second quarter was a pivotal moment for the automotive industry. Long-awaited volume stabilization, the successful government-led restructuring of General Motors and Chrysler, and significant dealer consolidations were accomplished."

A service of YellowBrix, Inc.