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Letter to the Editor

AutoNation Appoints ESL Investments' Edward S. Lampert, William C. Crowley to Board of Directors

FORT LAUDERDALE, Fla. -- AutoNation, Inc. has announced that its Board of Directors voted to appoint two new directors, Edward S. Lampert and William C. Crowley. The appointments increase the size of AutoNation's Board of Directors to 12 members.

ESL Investments, Inc., located in Greenwich, Conn., is AutoNation's largest single shareholder. ESL and its affiliates own approximately 24% of the Company's outstanding common shares. Lampert is ESL's Chairman, Chief Executive Officer and founder, and Crowley is its President and Chief Operating Officer. A 14-year-old investment firm, ESL has owned shares in AutoNation since January 2000.

H. Wayne Huizenga, AutoNation's Chairman of the Board, said: "Having two investors and businessmen of Edward Lampert and William Crowley's caliber is a special opportunity for AutoNation. The Board is looking forward to working closely with them as we strive together to create further value for AutoNation's shareholders."

Lampert, 39, formed ESL Partners on April 11, 1988 and since then has managed the business and operations of ESL Investments and its various investment partnerships.

Crowley, 44, became President and Chief Operating Officer of ESL Investments in January 1999 after serving for 13 years with Goldman Sachs, most recently as a Managing Director in the Merger and Acquisitions Department of Goldman Sachs.

AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest retailer of new and used vehicles. A Fortune 100 company, AutoNation employs approximately 31,000 people and owns and operates 368 new vehicle franchises in 17 states.

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