Like most dealers, 2012 proved to be a record-making year for Asbury Automotive Group, both in the fourth-quarter and for the full year.
Read more on Asbury’s successful sales record for 2012.
[Asbury Automotive] reported income from continuing operations for the fourth quarter 2012 of $22.6 million, or $0.72 per diluted share, versus adjusted income from continuing operations in the fourth quarter 2011 of $17.5 million, or $0.55 per diluted share, a 31% increase per diluted share. Net income for the fourth quarter 2012 was $22.8 million, or $0.73 per diluted share, compared to $21.5 million, or $0.68 per diluted share in the prior year period….”
“…Our new vehicle unit sales significantly out-performed the industry, increasing 21% due to the strength of our brand portfolio and excellent sales execution. We are also very encouraged with the traction we are seeing in our parts and service growth.” [Michael Kearney]
“…We expect the recovery of automotive sales to continue in 2013 due to the increasing average age of vehicles in the U.S., extremely attractive financing rates, and the availability of exciting new products,” Asbury’s Executive Vice President and Chief Operating Officer Michael Kearney added.