Asbury Automotive Group
| File:Asbury Automotive Group logo.svg | |
| Company type | Public |
|---|---|
| NYSE: ABG S&P 600 component | |
| Industry | Automobile dealership |
| Founded | 1995 |
| Headquarters | Duluth, Georgia, U.S. |
Key people | David W Hult, CEO Dan Clara, SVP of Operations Michael Welch, CFO |
| Products | New and pre-owned vehicles |
| Revenue | Increase US$9.8 billion (2021) |
| Increase US$791.8 million (2021) | |
| Increase US$532.4 million (2021) | |
| Total assets | Increase US$8,002.6 million (2021) |
| Total equity | Increase US$314.5 million (2021) |
Number of employees | 14,200 (2021) |
| Website | www |
Asbury Automotive Group is a U.S.-based enterprise headquartered in Atlanta that manages numerous automobile dealerships throughout the country. Established in 1995, it achieved the rank of No. 242 on the 2025 Fortune 500 list.
As of March 2022, the company operates 148 dealerships and holds 198 franchises across 31 brands originating from American, European, and Asian manufacturers, positioning it as the third-largest automotive retailer in the United States.
History
The inception of Asbury Automotive traces back to 1995 when Tom Gibson, formerly a vice president at Subaru of America, founded the company. Early on, Asbury entered a joint venture with Atlanta dealer Jim Nalley and subsequently acquired his 11 dealerships outright in 1997. Nalley managed these locations until his retirement in 2004; his sons now own dealerships spanning Alabama, Georgia, and Tennessee.
Asbury expanded beyond Atlanta by acquiring St. Louis-based Plaza Motors and purchasing Texas dealerships from David McDavid. In 1998, it further extended its footprint by acquiring Coggin Automotive in Jacksonville, Florida, and Courtesy Automotive in Tampa, Florida. A partnership formed in 1999 with Crown Automotive Group of North Carolina eventually led to full ownership of those dealerships. The company also entered South Carolina through the acquisition of Greenville Automotive Group in 2010. Additional purchases included dealerships across Arkansas, Mississippi, and Oregon before strategic divestitures refocused efforts on core markets.
During the late 2010s and early 2020s under CEO David Hult's leadership, Asbury pursued aggressive growth. It entered the Indianapolis market by acquiring Hare Automotive in 2017 and Bill Estes Automotive Group in 2019. The company also made targeted acquisitions such as Terry Lee Honda (rebranded as Hare Honda) in Avon, Indiana in 2018 and Kahlo Chrysler Dodge Jeep Ram in Noblesville, Indiana in 2019 to broaden its regional presence.
In December 2019, Asbury agreed to purchase Park Place Dealerships—a luxury vehicle group based in Dallas/Fort Worth—for $1 billion. However, this transaction was initially canceled on March 24, 2020 due to uncertainties stemming from the COVID-19 pandemic. A revised agreement was reached by July 6 of that year and finalized on August 24.
December 2020 marked the launch of Clicklane by Asbury, an innovative digital platform facilitating online sales of new and used vehicles. The platform was deployed across existing dealerships with plans to extend into markets where Asbury had no physical presence.
On September 29, 2021, Asbury completed a $3.2 billion acquisition of Utah’s Larry H. Miller Dealerships along with its Total Care Auto (TCA) vehicle protection service. To comply with manufacturer restrictions, seven Toyota and Lexus dealerships were sold off afterward. The company announced intentions to introduce TCA at its legacy stores while integrating Clicklane into the newly acquired Larry H. Miller locations.
In December 2021, Asbury expanded further by acquiring Stevinson Automotive Group in the Denver metropolitan area.
By December 2022, Asbury divested its nine Crown Automotive Group locations situated in Greensboro, Durham, and Fayetteville, North Carolina. These dealerships—representing brands such as BMW, Honda, Volvo, Nissan, Ford, and Chrysler]—were sold to Hudson Automotive Group based in South Carolina.
In September 2023, Asbury announced the acquisition of Jim Koons automotive dealership group for approximately $1.2 billion.
Divisions
| Division Name | Service Areas |
|---|---|
| Arapahoe Hyundai | Centennial, Denver, Colorado |
| Bill Estes Auto Group | Brownsburg and Lebanon, Indianapolis, Indiana |
| Coggin Automotive | Florida locations including Jacksonville, Orlando, Deland, Port St. Lucie, and St. Augustine |
| Courtesy Automotive | Tampa Bay region in Florida (Brandon, Palm Harbor, Tampa) |
| Crown Automotive | Richmond, Virginia area |
| David McDavid | Texas markets of Dallas/Fort Worth and Austin |
| Greenville Automotive | Greenville, South Carolina |
| Hare Automotive | Noblesville, Indianapolis, Indiana |
| Herb Chambers Auto Group | Operating in Massachusetts and Rhode Island |
| Kahlo Chrysler Jeep Dodge Ram | Noblesville location in Indianapolis, Indiana |
| Larry H. Miller Dealerships | Regions including Phoenix and Tucson in Arizona; Southern California; Denver, Colorado; Boise, Idaho; Albuquerque, New Mexico; Salt Lake City, Utah; Spokane, Washington |
| Mike Shaw Chrysler Jeep Dodge Ram | Greeley area of Denver, Colorado |
| Mike Shaw Subaru | Denver suburbs of Greeley and Thornton, Colorado |
| Nalley Automotive | Atlanta metro area in Georgia (Alpharetta, Cumming, Decatur, Lithonia, Marietta, Roswell, Smyrna, Union City) |
| Park Place Dealerships | Dallas/Fort Worth region in Texas |
| Plaza Motors | St. Louis metropolitan locations (Creve Coeur and O'Fallon), Missouri |
| Stevinson Automotive | Denver suburbs of Aurora, Lakewood, Littleton, and Longmont in Colorado |
See also
References
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