A wave of new software and a big push into online car buying could help Asbury sell and service more vehicles with fewer headaches, especially as it expands into higher-end brands. But the same shift toward electric cars, online-only sellers, and changing driving habits could also weaken traditional dealerships, making the bet far from risk-free.Read more
Electric cars and online buying could slowly chip away at what makes Asbury’s dealerships valuable, from car sales to service visits. At the same time, its push into acquisitions and digital tools could help it adapt, but only if demand and customer habits don’t change faster than it can keep up.Read more
Asbury Automotive is betting that buying dealerships in wealthier, luxury-heavy regions and making car buying more digital can make its business steadier and more efficient. The catch is that this strategy leans on big deals and a shifting car market, where online-first selling, tight used-car supply, trade policy changes, and electric vehicles could squeeze some of its best profit sources.Read more
Asbury Automotive Group, Inc., together with its subsidiaries, operates as an automotive retailer in the United States. It operates through Dealerships; and Total Care Auto, Powered by Asbury (TCA) segments. The company offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, collision repair, and reconditioning services for used vehicles. It also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended vehicle service contracts, guaranteed asset protection debt cancellation, prepaid maintenance contracts, key replacement contracts, paintless dent repair contracts, appearance protection contracts, tire and wheel, and lease wear and tear contracts. The company sells its products and services to individual retail customers, other dealers, and licensed wholesalers through its network of dealerships, as well as at auctions. Asbury Automotive Group, Inc. was founded in 1996 and is headquartered in Atlanta, Georgia.
