Asbury Automotive Group Inc is an automotive retailer in the United States, operating 99 franchises 81 dealership locations. Its products and services include 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. The Company's new vehicle sales consist of the sale of new vehicles to individual retail customers and the sale of new vehicles to commercial customers. It sells used vehicles at all of its dealership locations. Used vehicle sales include the sale of used vehicles to individual retail customers and the sale of used vehicles to other dealers at auction. The Company sells replacement parts and provides vehicle maintenance and collision repair service at all of its franchised dealerships, for the vehicle brands sold at those dealerships. Through its finance and insurance business, the Company arranges and receives commissions for third-party financing of the sale or lease of new and used vehicles to customers, as well as offer a number of aftermarket products. The Company uses common marketing materials for its brand names developed by professional advertising agencies. Its competition includes franchised automotive dealerships in its markets that sell the same or similar new and used vehicles, privately negotiated sales of used vehicles, other used vehicle retailers, including regional and national vehicle rental companies, Internet-based used vehicle brokers that sell used vehicles to consumers, service center and parts supply chain stores, and independent service and repair shops. The Company is subject to numerous complex federal, state and local laws regulating the conduct of its business.
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