The public dealerships are buying -- and sellingMon, 22, Aug 2016
In the first half of 2016, the public dealership groups sold nearly as many dealerships as they acquired, according to "The Blue Sky Report," a quarterly publication by dealership buy-sell adviser Erin Kerrigan.
Stop-sales punish publics' profitsMon, 01, Aug 2016
Q auto’s smaller stores yield bigger resultsMon, 30, May 2016
Asbury will add two smaller stand-alone used-vehicle stores in the Tampa area this summer, bringing its total there to four, after having closed its only large-format store in Jacksonville, Fla., in February. The larger store couldn't generate enough volume to break even, said CEO Craig Monaghan.
Dealers nationwide are getting ready for a plateau in new-vehicle salesMon, 28, Mar 2016
Asbury's Q auto store tries brand recognitionMon, 26, Oct 2015
Asbury launched Q auto in mid-2014 to go after used-car sales in a more targeted way. The stores aren't profitable yet, but Asbury executives say they're happy so far. They'll next test whether adding one of Asbury's known regional brand names to the concept will make a difference in store performance.
Florida, Texas trending hot in buy-sell market, but few sellersMon, 04, May 2015
Asbury plans to hire 200-400 techniciansMon, 16, Mar 2015
Asbury raises its acquisition goalMon, 27, Oct 2014
Asbury Automotive Group Inc.'s acquisition ambitions keep getting bigger. The nation's seventh-largest dealership group said that it now aims to buy stores that will add $500 million in annual revenue during the next 18 months.