Asbury Automotive Group
Headquarters:
622 Third Avenue, 37th Floor
New York, NY 10017
Phone: (212) 885-2500
Employees: 8,700
CEO: Kenneth Gilman
Stock Symbol: ABG
Website:
http://www.asburyauto.com
Asbury Automotive Group is one of the largest
automobile retailers in the U.S. Built through a combination
of organic growth and a series of strategic acquisitions, Asbury
currently operates 89 retail auto stores, encompassing 124 franchises
for the sale and servicing of 33 different brands of American,
European and Asian automobiles.
The company offers 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.
In 2005, Asbury reported revenues of $5.5
billion and net income of $61 million. The company sold 101,179
new cars in 2005 which made up $3.3 billion of annual revenue
and used car sales generated $1.3 billion with 58,397 sold. The
company generated a gross profit of $2,213 for each new car sold
and $1,984 for used cars.
Asbury's main dealership partners are located
in California, Oregon, Florida, North Carolina, Texas, Mississippi,
Arkansas and Georgia.
The company was founded in 1995 and became
publicly traded in 2002.
Updated March 16, 2006
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