Asbury finds ‘challenges’ in used-car sourcing, pricing

Asbury Automotive Group struggled against “challenges” in its used-car operations during the third quarter of 2023, company officials said.

In its quarterly earnings call this week, Asbury – one of the nation’s largest dealer groups with 138 dealerships, a service contract provider and 32 collision repair centers – announced a 17% year-over-year drop in net income to $169 million and a 5% decrease in revenues, to $3.7 billion.

That said, there is help on the way, thanks to ...