Asbury sets Q4 net income record; expects low car supply, high margins for first half of '22

Larry H. Miller Honda Boise in Idaho. Asbury Automotive Group Inc. on Dec. 17, 2021, completed the acquisition of Larry H. Miller Dealerships, adding dozens of dealerships to its portfolio and expanding coast-to-coast. (Asbury Automotive Group Inc.) — Asbury Automotive Group in December 2021 completed the acquisition of Larry H. Miller Dealerships, adding dozens of dealerships to its portfolio and expanding coast-to-coast. (Asbury Automotive Group Inc.)

February 15, 2022 08:00 PM

Asbury Automotive Group Inc. CEO David Hult, whose company's net income soared to a fourth-quarter record, expects a seasonally adjusted annual U.S. rate of sales of 15.5 million to 16 million vehicles this year.

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