FORT LAUDERDALE, Fla -

AutoNation reported its Q1 results late last week, reporting a 7 percent boost in revenue, as well as upticks in the dealer group’s used department.

2014 first quarter revenue totaled $4.4 billion for AutoNation, compared to $4.1 billion in the year-ago period, an increase of 7 percent.

The company shared this was driven by stronger performance in all business sectors – new vehicles, used vehicles, parts and service, and finance and insurance.

Used vehicle retail sales were up slightly, as well. The dealer group sold 52,136 used vehicles in Q1, up from 50,505 sold during the same period last year.

Used-vehicle retail revenue came in at $945.8 million, up from $899.2 million during Q1 of 2013.

Gross profit for used vehicles was also up, coming in at $92.8 million, rising from $83.4 million during the same period of last year.

Dealers also made a bit more on each of these units. Gross profit per vehicle retailed came in at $1,780, up from $1,651 during Q1 of last year.  

Mike Jackson, chairman and chief executive officer, said, "AutoNation delivered solid growth in EPS and operating income in the first quarter of 2014 compared to the prior year, driven by gross profit growth in all of our business sectors. We continue to expect U.S. industry new vehicle unit sales to increase 3 percent to 5 percent, bringing U.S. industry new vehicle sales above 16 million units in 2014."

In the first quarter, AutoNation's retail new vehicle unit sales increased 4 percent on a same store basis and 6 percent overall.

Editor’s Note: For more on AutoNation’s Q1 results, see Tuesday’s Auto Remarketing Today.