Monaghan: 'It's been a phenomenal run'Aug. 28
Asbury CEO Monaghan will retire; COO Hult moves upAug. 22
Softer sales, margins hit public retailersJuly 31
Publicly traded auto retailers had to balance gains in used-car sales, finance and insurance revenues and service and parts income against softer new-vehicle sales and margins in the second quarter. Results were mixed.
Asbury Automotive exits its used-only operationsJuly 25
Asbury's Q2 net drops 13% to $32 millionJuly 25
Asbury hires CFO with experience in diverse industriesMay 5
Asbury's Q1 net rises 9.7% on F&I, parts and service gainsApril 27
Asbury Q4 income rises on a 2% revenue gainFeb. 7
Asbury Automotive Group's fourth-quarter net income surged 63 percent to $67.1 million, as revenue rose 2 percent to $1.67 billion, the dealership group said Tuesday. Adjusted income from continuing operations for the fourth quarter rose 3.7 percent to $34 million.
Asbury CFO Style leaves for privately owned companyJan. 26
FTC settles charges with used-car dealerships over recall disclosuresDec. 16, 2016
Three of the nation's 20 largest used-car dealership groups agreed to settle charges that they failed to adequately disclose that some vehicles they sold had safety recalls and were not repaired, the Federal Trade Commission said today.