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October 30, 2012 - Industry News

Asbury’s Third-Quarter Profit Jumps 68 Percent

Asbury was firing all cylinders during the third quarter, with the 77-rooftop dealer group reporting revenue and profit increases of 14 and 68 percent, respectively.

Tags: Asbury Automotive, F&I Revenue, PRU

July 24, 2012 - Industry News

Three Dealer Groups Report Solid Q2 Profit Gains

AutoNation, Asbury and Sonic report solid second-quarter gains behind rising consumer demand and better credit conditions.

Tags: Asbury Automotive, AutoNation, credit availability, F&I, Mike Jackson, Q2 2012, Revenue, Sonic Automotive

June 26, 2012 - Industry News

TrueCar Adds Former Asbury Founder to Board

TrueCar adds another car guy to its board of directors. This time its Tom Gibson, former president and COO of Subaru America and founder of Asbury Automotive Group.

Tags: Asbury Automotive, Tom Gibson, TrueCar

May 1, 2012 - Industry News

Asbury's Digital Marketing Efforts Highlighted in Google White Paper

Asbury's digital marketing efforts were highlighted in Google's recently release white paper, which details how the dealer group increased its website lead conversions by 10,000 per month.

Tags: Asbury Automotive, digital marketing, Google

April 26, 2012 - Industry News

Asbury Records Best Q1 Performance in Group History

Asbury Automotive Group Inc. achieved an all-time high for first-quarter operating profits, the dealer group reported today.

Tags: Asbury Automotive, used-vehicle sales, Vehicle Sales

February 14, 2012 - Industry News

Asbury Records $5.2 Million Revenue Increase in 4Q 2011

Asbury Automotive Group Inc. reported adjusted income from continuing operations for the fourth quarter 2011 of $17 million, up from $12.2 million during fourth quarter 2010.

Tags: Asbury Automotive, dealer, Revenue

October 18, 2011 - Industry News

Asbury Secures $900 Million Credit Facility

Asbury Automotive Group Inc. announced that it has entered into a $900 million credit facility that will provide up to $625 million for new-vehicle inventory floorplan financing and up to $100 million for used vehicle inventory floorplan financing.

Tags: Asbury Automotive, Credit, Floorplan Financing, new-vehicle financing, used-vehicle financing

July 7, 2011 - Industry News

Black Book Online Expands Partnership with Asbury Automotive Group

Black Book Online’s lead-generator tool will be featured on 52 of Asbury Automotive Group’s Websites. The module collects information such as the make and model a consumer is interested in, the value of the customer's trade-in and an estimate of the customer’s credit score.

Tags: Asbury Automotive, Black Book Online, lead generation

February 11, 2011 - Industry News

Asbury Names Successor to Retiring Oglesby

The board of directors of Asbury Automotive Group Inc. announced Feb. 10 its succession plan in anticipation of the retirement of President and CEO Charles R. Oglesby on July 31, 2011.

Tags: Asbury Automotive

January 19, 2011 - Industry News

Reynolds to Continue as Asbury's Website Provider

The Reynolds and Reynolds Company has extended its relationship with Asbury Automotive Group Inc., and will continue to be the Website provider for the dealer group's 84 retail automotive stores in the United States.

Tags: Asbury Automotive, Reynolds & Reynolds

November 16, 2010 - Industry News

Charlie Robinson to Lead Resource Automotive

Resource Automotive Inc., a unit of The Warranty Group Inc., announced that Charlie Robinson has been named president and chief operating officer of Resource Automotive.

Tags: Asbury Automotive, Resource Automotive, The Warranty Group

October 26, 2010 - Industry News

No C4C, No Problem, Dealers Report

Despite not having a sales boost from last year’s Cash for Clunkers, three of the largest dealer groups in the nation reported year-over-year increases in third-quarter revenues.

Tags: Asbury Automotive, Penske Automotive Group, Sonic Automotive, Vehicle Sales

March 1, 2010 - Industry News

Asbury’s 4Q 2009 Revenue Improves on Strength of New and Used Vehicles

Asbury Automotive Group Inc. reported income from continuing operations of $5 million for the fourth quarter 2009, compared to a loss from continuing operations of $352.4 million in the year-ago period.

Tags: Asbury Automotive, F&I Revenue

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