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1994: Asbury Automotive Group is formed with backing from Onex Corporation.
In February 1995, Asbury formed a joint venture with Jim Nalley Auto Group, which owned 11 dealerships in the Atlanta area.
1997: Freeman Spogli invests in Asbury.
Kendrick Becomes President and CEO in 1999
Corporate Structure Streamlined in 2000
Two dealerships in the Jackson, Mississippi, market, Gray-Daniels Ford and Metro Mazda-Hyundai-Suzuki-Isuzu, were added in the first half of 2001.
Asbury sold 96,000 new vehicles in 2002 for revenues of $4.5 billion.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Jenkins Ford | - | $28.0M | 175 | 6 |
| Miller Motorcars | 1976 | $779.3M | 3,000 | 4 |
| Parks Motor Sales | 1958 | $3.0M | 20 | 21 |
| Victory Automotive Group | 1997 | $1.4B | 3,000 | 6 |
| Lindsay Automotive Group | 1963 | $18.0M | 300 | 7 |
| CarsDirect | 1998 | $11.0M | 105 | - |
| Antwerpen Automotive Group | - | $9.5M | 350 | 77 |
| Axerra Networks | 1999 | $3.6M | 50 | - |
| Cottman Transmission and Total Auto Care | 1962 | $49.0M | 50 | - |
| Prestige Bmw | - | $1.4M | 13 | - |
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