Asbury Automotive Group Announces Close of its Heavy Truck Business Sale

Mar 15, 2011, 08:30 ET from Asbury Automotive Group, Inc.

DULUTH, Ga., March 15, 2011 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced the close of the sale of its International, Hino, Isuzu, UD, IC Bus and Workhorse franchises to Rush Truck Centers of Georgia, Inc, a subsidiary of Rush Enterprises, Inc. (Nasdaq: RUSHA & RUSHB). In addition, Asbury also announced the close of the sale of its Peterbilt franchise, which includes the dealership in Kennesaw, Georgia, to Peterbilt Motors Company, a subsidiary of PACCAR Inc. (Nasdaq: PCAR). With the closing of these two transactions, Asbury has fully exited all of its heavy truck operations.

About Asbury Automotive Group, Inc.

Asbury Automotive Group, Inc. ("Asbury"), headquartered in Duluth, Georgia, a suburb of Atlanta, is one of the largest automotive retailers in the U.S.  Built through a combination of organic growth and a series of strategic acquisitions, Asbury currently operates 81 retail auto stores, encompassing 100 franchises for the sale and servicing of 29 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.

SOURCE Asbury Automotive Group, Inc.