Asbury Automotive Group Announces Seven Acquisitions Year-to-Date

5 July 2000

Combined Annualized Revenue in Excess of $850 Million

STAMFORD, Conn. - Asbury Automotive Group, the third largest dealership group in the United States, today announced the completion of seven separate acquisitions year-to- date. The acquisitions consist of high-quality franchises and dealerships, which will significantly enhance the Company's position in markets with established platforms. The combined annualized revenue of the seven acquisitions totals over $850 million. Including these acquisitions, Asbury Automotive Group had 83 dealerships, operating 120 franchises as of June 30, 2000.


Highlights

- Tampa, Florida - Nissan, Infiniti and Mercedes-Benz
  franchises, acquired from Precision Enterprises of Tampa, Inc.,
  join Asbury Automotive Group's Courtesy platform.

- Jacksonville, Florida - The Buddy Hutchinson companies join the
  Coggin platform, adding Toyota, Chevrolet, Honda and Mazda
  franchises to the Jacksonville, Florida market. Buddy Hutchinson
  will play an active role in the management of the Coggin platform
  and has become an Asbury Automotive Group shareholder.

- Jackson, Mississippi - The Mark Escude companies in Jackson,
  Mississippi, have become part of Asbury Automotive Group's McLarty
  platform adding Toyota, Mitsubishi, Nissan and Daewoo franchises.
  These franchises will retain the Mark Escude name. Mr. Escude has
  become an Asbury Automotive Group shareholder and continues to be
  responsible for the operations of the acquired franchises.

- Fayetteville, North Carolina - Asbury Automotive Group's Crown
  platform has added a Ford dealership in Fayetteville, North
  Carolina, previously known as Purvis Brothers Ford. Bill Childs, a
  Purvis principal, has joined Asbury Automotive Group as a
  shareholder.

- Plano, Texas - Asbury Automotive Group's David McDavid platform has
  acquired Plano Lincoln-Mercury, located north of Dallas.

- Deland, Florida - Honda, Ford and Lincoln-Mercury dealerships join
  Asbury Automotive Group's Coggin platform, significantly growing the
  platform's presence in the Orlando market. The executive management
  team of Ed Lacey, Paula Tabar and Joe Umbriano will continue to have
  management responsibility for the Deland dealerships and have become
  Asbury Automotive Group shareholders.

- Little Rock, Arkansas - Asbury Automotive Group's McLarty platform
  acquired Arkansas' sole Volvo franchise from Jones Volvo in Little
  Rock. McLarty will relocate the franchise to its Premier dealership
  group, where it will join BMW and Lincoln- Mercury in a luxury
  dealership.

	   Brian E. Kendrick, President and Chief Executive Officer of Asbury
Automotive Group, stated, "We are very excited to add a number of
high-quality dealerships and franchises to Asbury Automotive Group's
well-established platforms. These `tuck-in' acquisitions will
strengthen our position in the markets in which we currently operate,
and will benefit from the implementation of our core growth
strategies. In addition, we are pleased to note that several
accomplished dealer/franchise managers will join Asbury Automotive
Group's management team as shareholders in conjunction with the
acquisitions. We believe this initiative distinguishes Asbury
Automotive Group, and has significantly benefited our performance."

	   Mr. Kendrick concluded, "We are confident that our strategy to
grow through acquisition and leverage our existing infrastructure
across a larger base bodes well for our success in the highly
fragmented automotive retail market."

	   Asbury Automotive Group is the third largest automotive retailer
in the United States with pro forma revenue in excess of $4 billion.
The Company is comprised of eight regional automotive groups located
in Arkansas, Florida, Georgia, Mississippi, Missouri, North Carolina,
Oregon, Virginia, and Texas. In addition, the Company co-founded
Greenlight.com, the fastest- growing online car-buying website.

	   The Company operates the following platforms:

  Asbury Automotive Arkansas
  dba McLarty Companies - Little Rock, Arkansas
     Escude - Jackson, Mississippi

  Asbury Automotive Atlanta
  dba Nalley Companies - Atlanta, Georgia

  Asbury Automotive Jacksonville
  dba Coggin Automotive Group - Jacksonville/Orlando, Florida

  Asbury Automotive North Carolina
  dba Crown Automotive Company - North Carolina/Virginia

  Asbury Automotive Oregon
  dba Thomason Auto Group - Portland, Oregon

  Asbury Automotive St. Louis
  dba Plaza Motor Company - St. Louis, Missouri

  Asbury Automotive Group Tampa
  dba Courtesy Automotive Group - Tampa, Florida

  Asbury Automotive Texas
  dba David McDavid Auto Group - Dallas/Houston/Austin, Texas