Asbury Automotive Group Expands North Carolina/Virginia Group By Adding Three Franchises
Asbury Automotive
Group, Inc. announced May 20 that it has acquired two
dealerships in the Winston-Salem-Greensboro metropolitan area and has
been awarded a new franchise in Richmond, VA.
All three are being incorporated into Asbury's Crown Automotive
Company platform. The dealerships include Dickinson Dodge in
Fayetteville, Rice-Marko Chrysler in Greensboro, and Crown MINI of
Richmond, VA.
"The acquisition of these dealerships complements and expands
Asbury's existing business in North Carolina," said Michael Kearney,
president and CEO of Asbury Automotive North Carolina, Crown
Automotive Company. "We're also delighted to be 1 of only 70 MINI
franchises awarded in the U.S. by their parent company, BMW. We
recently received our first shipment of vehicles, and we cannot keep
them in stock."
"The Greensboro-Winston-Salem market is one that has experienced
significant population growth over the last decade," said Kenneth B.
Gilman, CEO of Asbury Automotive Group. "As such we believe these
acquisitions have high upside potential."
With these acquisitions, Asbury says they now operate 21 franchises in
North Carolina and Virginia.
About Asbury Automotive Group
Asbury Automotive Group, Inc. headquartered in Stamford,
Connecticut, claims to be one of the largest automobile retailers in the U.S.
Asbury operates through nine geographically concentrated, individually
branded "platforms". These platforms operate 91 retail auto stores,
encompassing 127 franchises for the sale and servicing of 36 different
brands of American, European and Asian automobiles. The company says they offer
customers an extensive range of automotive products and services,
including new and used vehicle sales and related financing and
insurance, vehicle maintenance and repair services, replacement parts
and service contracts.
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