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Asbury Automotive Announces the Acquisition of Jaguar Dealership

28 September 2000

Asbury Automotive Group Announces the Acquisition of Luxury Jaguar Dealership

    STAMFORD, CT--September 27, 2000--Asbury Automotive Group, the third largest dealership group in the United States, today announced that it has acquired the Troncalli Jaguar dealership in Roswell, Georgia. The dealership joins Asbury Automotive Group's Nalley group and has been renamed Nalley Jaguar as of September 20, 2000. Including this acquisition, Asbury Automotive Group has 85 dealerships, operating 121 franchises.
    Jim Nalley, President and Chief Executive Officer of Asbury Automotive Atlanta, dba Nalley Companies, stated, "We are very excited to add the Jaguar franchise to the Nalley group, alongside exclusive Nalley Companies such as Nalley Chevrolet, Nalley Honda, Nalley Acura, Nalley Lexus Marietta, Nalley Lexus Roswell, Nalley Dodge Country and Nalley Roswell Jeep. Importantly, this acquisition continues the tradition of luxury excellence in the Nalley platform."
    Brian E. Kendrick, President and Chief Executive Officer of Asbury Automotive Group, stated, "This acquisition is significant in that it expands our luxury offerings to include a premier Jaguar franchise. Further, the addition of this location underscores our commitment to growing Asbury Automotive's presence in the highly desirable Atlanta marketplace. Looking ahead, we believe our focus on operating high-quality dealerships, fostering positive customer experiences and adding value for our customers and shareholders is a strong formula for successful long-term growth."