Asbury revenue surges on new, used car sales

The ongoing recovery in the auto industry helped revenue surge 17 percent in the third quarter for Duluth-based Asbury Automotive Group.

The company, the nation’s fifth-largest public car dealership franchise, said total revenue was $1.4 billion as revenue from new car sales jumped 13 percent and 33 percent from used car sales.

“The future looks bright as auto sales continue their four year recovery, delivering record cash flow for reinvesting in continued growth,” Craig Monaghan, Asbury’s President and Chief Executive Officer, said in a statement.

Profit was $22.7 million in the quarter or 73 cents a share. That compared to $20.7 million in profit during the same period a year ago or 66 cents a share.

About the Author

Live airport security wait times and today’s trends

The AJC gathers real-time wait-time data from Hartsfield-Jackson Atlanta International Airport to show what security lines look like right now.

Microsoft’s newest AI ‘superfactory’ opens at sprawling Fayetteville campus

One of the largest data center campuses under construction in Georgia has its first operational tenant, and it’s one of the most recognizable names in technology.

In the market for a luxury vehicle? You might reconsider Lincoln.

The definition of “luxury” has shifted. It’s no longer just a softer ride with more chrome and gadgets; the real battle now is over experience. Lincoln is leaning in.

The Latest

Credit: TNS

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

Featured

Credit: Julia Demaree Nikhinson/AP

Marjorie Taylor Greene’s exit opens new political unknown in Georgia

U.S. Rep. Marjorie Taylor Greene is walking away from Washington. What comes next for her — and for Georgia politics — is suddenly wide open.

How a grand vision and a gift launched 20 years of wonder at Georgia Aquarium

Georgia stays at No. 4, Georgia Tech falls heading into rivalry week

Georgia stayed at No. 4 in the AP Top 25 this week, while next week's opponent Georgia Tech dropped eight spots to No. 23 after a home loss to Pitt.