Asbury Automotive

AutoNation, Asbury boost spending plans

12:01 am U.S. ET | Feb. 10, 2014
Two of the nation's largest publicly owned retailers are preparing to invest more in their businesses in 2014 than they did last year, according to numbers released with those companies' 2013 earnings reports.... Read More »


Asbury Auto profit rises 18% in Q4

7:04 am U.S. ET | Feb. 4, 2014
Rising volume, higher revenues and double-digit gross profit gains in all areas of the business lifted Asbury Automotive Group's net income 18 percent during the fourth quarter to $26.9 million.... Read More »


Asbury appoints new CFO

6:42 pm U.S. ET | Dec. 10, 2013
Asbury Automotive said that Keith Style will become the company's CFO, effective Jan. 1. Style, now Asbury's vice president of finance, will replace CFO Scott Krenz, who is retiring.... Read More »


Used cars boost Asbury's Q3 profits, sales

8:04 am U.S. ET | Oct. 22, 2013
Asbury Automotive Group today reported a 10 percent increase in net income in the third quarter on a 17 percent rise in revenue. Used-car operations paced both revenue and profits.... Read More »


Lithia's 3-point plan to boost F&I

12:01 am U.S. ET | Aug. 12, 2013
Public retailer Lithia Motors Inc. increased per-vehicle F&I revenue by 4 percent in the second quarter, to $1,098. And CEO Bryan DeBoer isn't satisfied.... Read More »


Asbury expands no-haggle pilot

12:01 am U.S. ET | Aug. 5, 2013
Asbury Automotive Group Inc. has expanded a no-haggle sales pilot program, which it launched in 2011, to a third market.... Read More »


3 public groups post higher profits; Sonic lags

12:01 am U.S. ET | July 29, 2013
Group 1 Automotive Inc., Asbury Automotive Group and Lithia Motors Inc. posted sharply higher revenues and profits for the second quarter, buoyed by strong new-vehicle sales and solid profits from used vehicles, parts and service, and finance and insurance.... Read More »


Public retail groups: 'We're fighting tooth and nail' for margins

12:01 am U.S. ET | May 6, 2013
Profit margins on new vehicles are slipping for the nation's largest dealership groups as manufacturers and retailers slug it out for market share. New-car margins dropped for all the public dealership groups during the first quarter of 2013.... Read More »


Dealership groups expected to post first-quarter gains

4:29 pm U.S. ET | April 22, 2013
Dealership groups that announce their first-quarter earnings over the next two weeks should see continued growth as new- and used-car sales outperform 2012 levels, analysts say. Asbury Automotive Group, Sonic Automotive and Lithia Motors release their quarterly reports this week. Penske Automotive Group and Group 1 Automotive report next week.... Read More »


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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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