FI showroom red and grey logo
MenuMENU
SearchSEARCH

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.

by Staff
April 26, 2012
1 min to read


DULUTH, Ga. — Asbury Automotive Group Inc. achieved an all-time high for first-quarter operating profits, the dealer group reported today, with all of the group’s business lines reporting gains.

Income from continuing operations for the quarter came in at $18 million vs. $11.4 million from a year ago. Net income stood at $17.6 million vs. $19.9 million from a year ago.

Ad Loading...

Total revenues increased 6 percent to $1.1 billion, while new-vehicle retail revenues and gross profit rose 5 and 16 percent, respectively.

F&I revenues increased 21 percent to $39 million, while F&I revenue per vehicle sold increased 14 percent to $1,157. Parts-and-service gross profit rose 7 percent. Total gross profit for the company increased 11 percent.

"Asbury is pleased to announce the strongest first quarter results in our history," said Craig T. Monaghan, Asbury's president and CEO.  "Our first quarter performance was made possible by the solid operational and financial foundation we have put in place, and these results reflect continued progress towards our goal of becoming a best-in-class automotive retailer."

More Auto Finance

Photo of person grabbing stacks of cash from a surface
Auto Financeby Gil Van OverMarch 30, 2026

Permission or Approval: When to Notify Finance Sources

Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.

Read More →
Three people's hands on desk as one signs a document
Auto Financeby Hannah MitchellMarch 11, 2026

At-Risk Auto Borrowers Drive Looser Credit Access

Cox Automotive’s index shows the subprime segment, long loan terms, negative-equity borrowers and down payment amounts all grew in February despite ever-higher vehicle prices.

Read More →
Auto Financeby Lauren LawrenceFebruary 23, 2026

Auto Loan Forecast Bucks Market Trend

Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.

Read More →
Ad Loading...
Auto Financeby Hannah MitchellFebruary 11, 2026

Auto Credit More Plentiful

Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.

Read More →
Auto Financeby Hannah MitchellJanuary 27, 2026

Auto Loans Long as Stretch Limos

More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.

Read More →
A person holds a stack of cash with a small red toy car on top.
Auto Financeby StaffJanuary 20, 2026

AutoPayPlus Launches RePayPlus

The reinsured biweekly payment program offers auto dealers with customer retention and reinsurance structure.

Read More →
Ad Loading...
F&Iby Hannah MitchellJanuary 12, 2026

Auto Credit Access Loosens

December brought some of the best borrowing availability for consumers in years, though lenders tightened their reins on riskier segments of the market.

Read More →
A hand holding small burlap money bags next to a toy red car, symbolizing auto financing, loan payments, and dealership profitability.
Industryby StaffNovember 14, 2025

Report Uncovers $4.7B Opportunity for Auto Dealers

Solving mismatched payment quotes can boost sales, profits

Read More →
Industryby Hannah MitchellNovember 10, 2025

Auto Loans More in Reach

October easier to tap despite approval rates falling

Read More →
Ad Loading...
Industryby Hannah MitchellNovember 3, 2025

Q3 Auto Loans Reveal Stress

Data reflect growing finance activity on the extreme ends of credit risk scale

Read More →