Asbury Automotive Group
Asbury Automotive Group
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About Asbury Automotive Group
Asbury Automotive Group, Inc., headquartered in Duluth, Georgia, is one of the **largest automotive retailers in the United States**. Established in 1995, the company has grown to operate 152 new vehicle franchises across 14 states, offering a diverse range of automotive products and services.
Product and Service Offerings
Asbury's extensive portfolio includes:
- New and Used Vehicle Sales: The company offers a wide selection of new and pre-owned vehicles from various manufacturers. This caters to a broad spectrum of **customer preferences and budgets**.
- Parts and Service: Asbury provides comprehensive maintenance and repair services, utilizing original equipment manufacturer (OEM) parts. Their service centers also offer collision repair and reconditioning of used vehicles.
- Finance and Insurance Products: Through its subsidiary, Total Care Auto (powered by Landcar), Asbury offers a range of financial products including vehicle financing, extended service contracts, and other protection plans.
Strategic Initiatives and Growth
Asbury has pursued strategic acquisitions to expand its market presence. Notably, in September 2023, the company acquired Jim Koons Automotive Companies for approximately $1.2 billion. This acquisition enhanced its footprint in the automotive retail sector.
Locations
Asbury operates dealerships and service centers in multiple states. Key locations include:
- Georgia: Atlanta, Union City
- Colorado: Denver, Littleton, Greeley
- Texas: Fort Worth
- Arizona: Peoria
- Utah: Provo, Draper
- Maryland: Clarksville, Baltimore
- New Mexico: Albuquerque
- Florida: Orlando
Other locations are:
- Indiana: Lebanon
This widespread presence underscores Asbury's commitment to serving a diverse customer base across the nation.
Recent Developments
In August 2024, the Federal Trade Commission (FTC) filed a lawsuit against Asbury. The allegations claim that certain dealerships charged Black and Latino customers higher prices and added services to contracts without consent.
Asbury has denied these allegations and plans to contest the lawsuit.
Overall, Asbury Automotive Group continues to focus on operational excellence, customer satisfaction, and strategic growth to maintain its position as a leading automotive retailer in the United States.