Asbury Automotive Group Acquires Nissan & Infiniti Dealerships in Atlanta

NEW YORK, June 11 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today announced that it has acquired Troncalli Nissan and Troncalli Infiniti in Decatur, Georgia. The dealerships currently generate revenues of approximately $100 million annually. These stores will be tucked into Asbury's South Region and re-branded Nalley Nissan and Nalley Infiniti of Decatur. The two dealerships comprise 4 facilities-two new car showrooms and two dedicated used car showrooms. Terms of the transaction were not disclosed.

"I am delighted to welcome all the employees from these two terrific franchises to the Nalley family," said Charles R. Oglesby, President & CEO of Asbury Automotive Group. "In addition to being brands with excellent new product pipelines and future growth prospects, these stores are strategically located across the street from our BMW Center, providing us three Nalley- branded import dealerships in Decatur."

The Company has acquired three dealerships this year with annual revenues of approximately $140 million, including the acquisition of Rick Starr Acura in Ft. Pierce, Florida. "Our pipeline is extremely robust, including several deals under contract," Mr. Oglesby continued. "To meet the acquisitions component of our 15% total shareholder return strategy, we need to acquire $150 million to $200 million in annual revenues, but we anticipate in excess of $300 million this year."

About Asbury Automotive Group

Asbury Automotive Group, Inc. ("Asbury"), headquartered in New York City, is one of the largest automobile retailers in the U.S. Built through a combination of organic growth and a series of strategic acquisitions, Asbury currently operates 88 retail auto stores, encompassing 115 franchises for the sale and servicing of 33 different brands of American, European and Asian automobiles. Asbury 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.