Asbury Automotive Group Prioritizes Gross Profit Over Volume Amid Q3 Results
Asbury Automotive Group’s president and CEO, David Hult, emphasized the company’s focus on gross profit over unit volume in the used vehicle market, as reflected in the third-quarter financial results. Although same-store used-car sales declined by 6% year-over-year, Hult remained unconcerned, drawing attention instead to an improvement in gross margins...