DETROIT, Jan 11 (Reuters) - Autonation Inc:
* CEO says vehicle orders have been scaled back 'dramatically' in January
* CEO says has cut new vehicle orders by 60 percent in January versus year ago
* CEO says inventory is a problem in industry
* CEO says U.S. auto market 'really bad'
* CEO says expect US auto demand in Q1 to be 'pretty much the same' as Q4 of
2008
* CEO says would be seeing U.S. SAAR of 12 million-13 million units if credit
was not an issue
* CEO says need consumer stimulus package to spark demand for vehicles
* CEO says could see 'gradual improvement' in vehicle demand in second half of
year
* CEO says SAAR could be 'back between 13 million-14 million units' in 2010
((Reporting by Poornima Gupta; tel: +1 313 967-1901))
(For more news about Autonation Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* CEO says vehicle orders have been scaled back 'dramatically' in January
* CEO says has cut new vehicle orders by 60 percent in January versus year ago
* CEO says inventory is a problem in industry
* CEO says U.S. auto market 'really bad'
* CEO says expect US auto demand in Q1 to be 'pretty much the same' as Q4 of
2008
* CEO says would be seeing U.S. SAAR of 12 million-13 million units if credit
was not an issue
* CEO says need consumer stimulus package to spark demand for vehicles
* CEO says could see 'gradual improvement' in vehicle demand in second half of
year
* CEO says SAAR could be 'back between 13 million-14 million units' in 2010
((Reporting by Poornima Gupta; tel: +1 313 967-1901))
(For more news about Autonation Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.