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Asbury Automotive Group, Inc., headquartered in New York City, is one of the largest automobile retailers in the U.S., with 2006 revenues of approximately $5.7 billion. Built through a combination of organic growth and a series of strategic acquisitions, Asbury now operates through geographically concentrated, individually branded regions. These regions operate approximately 89 retail auto and heavy truck stores, encompassing 119 franchises for the sale and servicing of 35 different brands of American, European and Asian automobiles and heavy trucks. Asbury believes that its product mix contains a higher proportion of the more desirable luxury and mid-line import brands than most public automotive retailers. The Company offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.
Through an initial public offering in March 2002, Asbury became a publicly traded New York Stock Exchange (NYSE: ABG) listed company. |
