In the first quarter of 2019, the Asbury Automotive Group’s parts and service revenue rose 9.2% to $217.60 million. Same-store revenue increased 6.9% to $212.60 million.

Parts and service gross profit rose 8.2% to $135.30 million; however, gross margin slipped from 62.8% to 62.2% on a year-over-year basis. Same-store parts and service gross profit increased 6.0% to $132.30 million, attributable to …
• A $5-million (or 7.1%) increase in customer-pay gross profit.
• A $2.30-million (or 12.2%) rise in warranty gross profit.
• A $200,000 (or 3.4%) increase in wholesale parts gross profit.

As of March 31, 2019, Duluth, GA-based Asbury had 106 new vehicle franchises (87 dealership locations) and 25 collision repair centers in 17 metropolitan markets across nine states.