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Article

Car Dealers Go After More Repair Work

“Parts and service carried us through the recession,” says Craig Monaghan, CEO of Asbury Automotive Group, a chain with 79 dealerships. “The front end of the store is sexy, but we make our money in the back.” Asbury revenue last year included $190.6 million in...
Apr. 30, 2012 | http://wardsauto.com/dealerships/car-dealers-go-after-more-repair-work
Newswire

Asbury 1st-qtr profit beats estimates  

April 25 (Reuters) - Auto dealership Asbury Automotive Group Inc reported a quarterly profit ahead of analysts' expectations, helped by higher sales at its new and used vehicle segments. January-March net income fell to $17.6 million, or 56 cents per share, from $19.9 million, or 59...
Apr. 26, 2012 | http://wardsauto.com/asbury-1st-qtr-profit-beats-estimates
Article

Megadealers May Lead Customer-Experience ‘Revolution’

2012 Ward's Mega Dealer 100 Tue, 2012-04-24 09:32 WardsAuto Steve Finlay Some dealership groups on the WardsAuto Megadealer 100, such as Asbury Automotive Group, are testing new ways to sell vehicles. Megadealers will lead the automotive-retailing industry in offering a kinder,...
Apr. 24, 2012 | http://wardsauto.com/2012-megadealer/megadealers-may-lead-customer-experience-revolution
Newswire

TEXT-S&P raises Asbury Automotive Group to 'BB-'  

(The following statement was released by the rating agency) April 23 - Overview -- We are revising our business risk assessment of Duluth, Ga.-based auto retailer Asbury Automotive Group to "fair" from "weak," reflecting the company's relatively stable business model and its record...
Apr. 23, 2012 | http://wardsauto.com/text-sp-raises-asbury-automotive-group-bb
Newswire

TEXT-S&P raises Asbury Automotive Group to 'BB-'=2  

We believe Asbury will generate positive free cash flow after capital spending for 2012 and 2013 of $50 million or better in each year. We expect the auto retailers, in general, to report positive free cash flow after capital spending on a routine basis, given their flexible-cost,...
Apr. 23, 2012 | http://wardsauto.com/text-sp-raises-asbury-automotive-group-bb-2
Article

Young People With Autism Staff Dealership Cafes

2012 Ward's Mega Dealer 100 Wed, 2012-04-18 06:30 WardsAuto Steve Finlay Asbury Automotive calls its program,“Cafe Blends: Blending Autism into the Workplace,” an amazing success that touches many people.  Cappuccino bars have become standard fixtures at luxury-car dealerships, but...
Apr. 18, 2012 | http://wardsauto.com/2012-megadealer/young-people-autism-staff-dealership-cafes
Article

Mobile Devices Give Some People Pause

Those mobile devices can flummox certain people, says Scott Krenz, senior vice president at dealership chain Asbury Automotive Group. “You pull out an iPad, and some customers react like a deer in the headlights.” That doesn’t particularly surprise Steve Anenen, president of ADP...
Apr. 17, 2012 | http://wardsauto.com/dealerships/mobile-devices-give-some-people-pause
article

Longer Auto Loans Worry Some

“It is much better to get customers in cars they can afford.”   Customers who opt for longer loans initially may think they are beneficial, but can sour on them as the aging car depreciates in value, says Scott Krenz, senior vice president and CFO for Asbury Automotive Group, a...
Mar. 7, 2012 | http://wardsauto.com/dealerships/longer-auto-loans-worry-some
Newswire

TEXT-S&P = 25  

B+ Stable -- Ardagh Packaging Group PLC B+ Neg -- Ardagh Packaging Holdings Ltd. B+ Neg -- Arizona Chemical Holdings Corp. B+ Stable -- Asbury Automotive Group Inc. B+ Pos -- Associated Asphalt Partners LLC B+ Stable -- Aston Martin Holdings (UK) Ltd. B+ Neg -- Atlantic Broadband...
Feb. 21, 2012 | http://wardsauto.com/text-sp-25
Newswire

UPDATE 1-Asbury Automotive Q4 beats Street view  

* Q4 adj EPS $0.54 vs est $0.43 * Q4 rev up 8 pct Feb 14 (Reuters) - Auto dealership Asbury Automotive Group Inc posted better-than-expected quarterly results, helped by higher sales at its new and used vehicle segments. For the fourth quarter, the company reported earnings of...
Feb. 14, 2012 | http://wardsauto.com/update-1-asbury-automotive-q4-beats-street-view
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