Autonation CEO Mike Jackson: just another exec in favor of higher gas taxes
The latest to jump on the increased gas tax bandwagon is Mike Jackson, CEO of AutoNation. AutoNation is the largest dealer group in the country with 311 franchises at 239 locations and 25,000 employees. Jackson realizes that simply mandating more efficient vehicles through either fuel economy or emissions rules without stimulating demand for those vehicles will leave his stores with a lot of stock that customers don't necessarily want to buy.
People tend to think of efficiency in relation with current fuel prices. When prices are low, they buy less efficient vehicles. Jackson is promoting an extra $1/gallon tax phased in over five years. The problem is, will any politician put their neck on the line to support higher fuel prices?
[Source: Automotive News - sub. req'd]
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