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ABG Asbury Automotive Group Inc |
We are one of the largest automotive retailers in the United States, operating
124 franchises at 93 dealership locations as of December 31, 2007. We offer our
customers an extensive range of automotive products and services, including:
? new and used vehicles;
? vehicle maintenance and repair services;
? replacement parts;
? arranging new and used vehicle financing; and
? arranging the sale of warranty, insurance and extended service contracts.
For the year ended December 31, 2007, our revenues were $5.7 billion and our net
income was $51.0 million. Our income from continuing operations and net income
during 2007 was impacted by several items (the ?Adjusting items?) as detailed in
the ?Reconciliation of Non-GAAP Financial Information? section of Management?s
Discussion and Analysis of Financial Condition and Results of Operations. ...
Asbury Automotive Group, Inc. (Asbury) is an automotive retailers in the
United States. As of December 31, 2011, the Company operated 99
franchises (79 dealership locations). It offers a range of automotive
products and services, including new and used vehicles; vehicle
maintenance; replacement parts and collision repair services; new and
used vehicle financing, and aftermarket products, such as insurance,
warranty and service contracts. As of December 31, 2011, it offered 30
domestic and foreign brands of new vehicles. Its brand mix is weighted
84% towards luxury and mid-line import brands, with the remaining 16%
consisting of domestic brands. During the year ended December 31, 2011,
the Company sold its heavy truck business in Atlanta, Georgia, two
franchises and one additional ancillary business. On May 2, 2011, the
Company sold its luxury brand dealership in California. In December
2012, the Company acquired a Volkswagen and a Bentley store in the
Atlanta, Georgia market.
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