Asbury Automotive Group Schedules Release of Second Quarter Results and Conference Call

STAMFORD, Conn., July 17 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today announced that it will release its second quarter financial results before the market opens on July 31, 2003. Senior management, including Kenneth B. Gilman, President and CEO, Thomas F. Gilman, Senior Vice President and CFO, and Robert D. Frank, Senior Vice President of Automotive Operations, will host a conference call later that morning, at 10:00 a.m. Eastern Time.

The conference call will be simulcast live on the Internet and can be accessed by logging onto http://www.ccbn.com/ or http://www.asburyauto.com/. A replay will be available at these sites for 14 days.

In addition, a live audio of the call will be accessible to the public by calling (888) 855-5428; international callers, please dial (719) 457-2665. Callers should dial in approximately 5-10 minutes before the call begins.

A conference call replay will be available one hour following the call for 14 days and can be accessed by calling (888) 203-1112 (domestic), or (719) 457-0820 (international); access code 749849.

About Asbury Automotive Group

Asbury Automotive Group, Inc., headquartered in Stamford, Connecticut, is one of the largest automobile retailers in the U.S., with 2002 revenues of $4.5 billion. Built through a combination of organic growth and a series of strategic acquisitions, Asbury now operates through nine geographically concentrated, individually branded "platforms." These platforms currently operate 92 retail auto stores, encompassing 132 franchises for the sale and servicing of 35 different brands of American, European and Asian automobiles. Asbury believes that its product mix includes one of the highest proportions of luxury and mid-line import brands among leading public U.S. automotive retailers. The Company offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.