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Dealer group roundup: Lithia expands to ATL, Asbury sells BMW store & more autoremarketing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoremarketing.com Daily Mail and Mail on Sunday newspapers.
Largest Dealer Groups Report Big Gains in Fixed Operations wardsauto.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wardsauto.com Daily Mail and Mail on Sunday newspapers.
Asbury Automotive Group Taps Brakes on Growth For the second quarter, Asbury’s reported net income of $152.1 million, more than triple the year-ago quarter. That’s on a 70% increase in total revenue, to about $2.6 billion, vs. a year-ago quarter hit hard by the pandemic. Asbury Automotive Group is turning away the vast majority of potential dealership acquisitions, primarily because the sellers are asking for too much money, based on financial results that are inflated by the current, temporary imbalance in supply and demand, says David Hult, Asbury president and CEO. Asbury, based in Duluth, GA, will “stay disciplined in our approach” to acquisitions, Hult says in a July 27 conference call to announce record second-quarter earnings. He says, “It’s a lot easier to buy things than it is to run it.” ....
Asbury Automotive Group Inc (ABG) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Asbury adds accessories tool to Clicklane platform autoremarketing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoremarketing.com Daily Mail and Mail on Sunday newspapers.