More on Asbury Automotive Group's Q3

|About: Asbury Automotive Group... (ABG)|By:, SA News Editor

Asbury Automotive Group (NYSE:ABG) reports total revenues on same-store basis rose 1% in Q3.

New vehicles revenue fell 2% to $940.9M.

Used vehicles revenue squeezed 4% to $476.4M.

Parts and service revenue expanded 5% to $200.4M.

Finance and insurance, net revenue dropped 5% to $65.4M.

Gross margin rate slipped 10 bps to 15.8%.

Adjusted operating margin rate decreased 20 bps to 4.3%.

Total new vehicle unit sales down 5% Y/Y to 26,815M.

Total used vehicle retail units sales declined 6% to 20,030M.

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