Asbury Automotive Group Launches Clicklane– The First-At any time Finish-To-End Car or truck-Shopping for Remedy– And Unveils Its Five-Year Strategic Vision

DULUTH, Ga., Dec. 2, 2020 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Business”), one of the major automotive retail and service companies in the U.S., announced currently the launch of Clicklane— a communications technologies ecosystem which lets for a correct on the net automobile-purchasing and advertising working experience. Asbury partnered with Gubagoo to create the online platform that provides Asbury the capability to enrich the automobile buying experience throughout its store foundation and also to enter new marketplaces focusing on the pre-owned vehicle business enterprise as a standalone Clicklane brand name.

Clicklane fills a lot of of the gaps that exist with on line automotive retail platforms at the moment on the market. Functions that are unique to this system include things like:

• Penny excellent trade-in values and penny great mortgage payoffs
• Actual-payment figures primarily based on regional taxes and service fees
• Mortgage market, which now includes a lot more than 30 creditors
• VIN-certain finance & insurance coverage items custom-made to the car or truck and purchaser
• Capability to indication all files on the internet through DocuSign®
• In-resource services and collision appointment scheduler

Associates of the Asbury government leadership crew will host a demonstration of the Clicklane platform on Wednesday, December 2 at 10 a.m. EST live at asburyauto.com/clicklane.

“Clicklane is the hottest evolution in our omni-channel method that we started a lot more than 4 a long time ago,” mentioned CEO & President David Hult. “The upcoming of the automotive retail marketplace relies on innovation and our capacity to satisfy people where they are— online. With Clicklane, we have created a single system for the overall everyday living cycle of car possession and identified the answer to what has been a fragmented approach. Other folks may perhaps have pioneered the on line auto-purchasing practical experience, but we believe that that we have perfected it.” &#13

Asbury to start with piloted Clicklane at 1 of its suppliers in the Florida marketplace, and it has now been applied at quite a few Asbury stores nationwide. The corporation programs to entire the Clicklane rollout to all its shops by the end of the initially quarter of 2021. 

The business also unveiled its 5-12 months strategic prepare to access $20 billion of income by 2025 (20% compound annual growth), increase operating margins, and increase EPS in excess of earnings advancement.  Exclusively, the corporation highlighted:

• Driving very same-retail outlet revenue expansion of $2 billion around 5 many years,
• Attaining $5 billion of additional revenue around five many years, and
• Including an incremental $5 billion of profits through the new Clicklane system.

About Asbury Automotive Group, Inc.

Asbury Automotive Team, Inc. (“Asbury”), a Fortune 500 firm headquartered in Duluth, GA, is one particular of the premier automotive shops in the U.S.  Asbury at present operates 91 dealerships, consisting of 112 franchises, symbolizing 31 domestic and international models of cars.  Asbury also operates 25 collision maintenance centers.  Asbury presents shoppers an intensive variety of automotive merchandise and solutions, which include new and utilized car income and connected funding and coverage, car or truck routine maintenance and mend solutions, substitution elements and assistance contracts.

Ahead-On the lookout Statements&#13

This press launch contains “forward-wanting statements” inside the indicating of the Private Securities Litigation Reform Act of 1995. Ahead-on the lookout statements are statements other than historic simple fact, and may include things like statements relating to goals, plans, anticipations, projections concerning the anticipated gains of Clicklane, management’s designs, projections and aims for long run operations, scale and overall performance, integration strategies and envisioned synergies from acquisitions, our economic posture, effects of operations, market place situation, money allocation approach, company system and anticipations of our management with regard to, among other matters: modifications in typical economic and enterprise disorders, which include the effects of COVID-19 on the automotive sector in basic, the automotive retail marketplace in unique and our customers, suppliers, sellers and company associates our interactions with car or truck producers our ability to increase our margins running income flows and availability of money funds expenses the quantity of our indebtedness the completion of any pending and long term acquisitions and divestitures long term return targets potential annual price savings common financial tendencies, like purchaser assurance degrees, interest prices, and fuel costs and automotive retail business tendencies. The next are some but not all of the elements that could induce true benefits or functions to vary materially from these anticipated, together with: the impact of the COVID-19 pandemic, sector components, Asbury’s relationships with, and the economical and operational stability of, auto companies and other suppliers, acts of God or other incidents which could adversely effect source from car makers and/or existing retail gross sales challenges, pitfalls related with Asbury’s indebtedness (such as available borrowing capability, compliance with its financial covenants and means to refinance or repay these indebtedness, on favorable phrases), Asbury’s associations with, and the monetary security of, its creditors and lessors, dangers relevant to competitiveness in the automotive retail and services industries, normal financial problems both of those nationally and domestically, governmental regulations, laws, adverse benefits in litigation and other proceedings, and Asbury’s means to execute its know-how initiatives and other operational methods, Asbury’s ability to leverage gains from its dealership portfolio, including its means to notice the expected gains of the acquisition of the Park Position dealership team, Asbury’s capacity to capitalize on opportunities to repurchase its credit card debt and fairness securities or buy attributes that it at present leases, and Asbury’s capacity to keep in just its qualified assortment for money expenditures. There can be no assures that Asbury’s strategies for upcoming functions will be correctly implemented or that they will show to be commercially thriving. These pitfalls, uncertainties and other aspects are disclosed in Asbury’s Annual Report on Sort 10-K, subsequent quarterly experiences on Sort 10-Q and other periodic and existing studies submitted with the Securities and Trade Commission from time to time.  These ahead-searching statements and such dangers, uncertainties and other components speak only as of the day of this push release. We expressly disclaim any obligation or endeavor to disseminate any updates or revisions to any forward-looking statement contained herein, regardless of whether as a final result of new information and facts, upcoming functions or in any other case.

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