Auto dealers have been doing well, and growth is predicted well for 2016. AutoNation is the latest to report strong Q3 earnings. It's a good time to be a dealer.

AutoNation Inc., the largest new-vehicle retailer in the U.S., said today its third-quarter net income rose 11 percent to $118.5 million from a year earlier, as revenues increased 9.1 percent to $5.35 billion.

Revenues rose across all business lines, climbing by double digits for new-vehicle sales as well as finance and insurance.

Operating income rose 14 percent to a record for any quarter of $235.7 million.

“We are very pleased with our strong year-over-year growth across all areas of our business, as well as our 20th consecutive quarter of double-digit year-over-year growth” in earnings per share from continuing operations, to a record $1.05, CEO Mike Jackson said in a statement.

Source: Automotive News