Asbury Automotive Group Inc 's

The company operates in the highly competitive automotive retail and service industry, where dealerships primarily compete with other franchised dealerships in their regions for new vehicle sales. These competitors hold franchise agreements with vehicle manufacturers similar to the company's, granting non-exclusive rights to sell specific vehicle brands and provide related parts and services within designated market areas. State automotive franchise laws restrict competitors from relocating or establishing new stores of the same vehicle brand within areas served by the company's dealerships. However, some electric vehicle manufacturers have recently been permitted to bypass these state laws to sell directly to consumers. The company utilizes advertising, merchandising, sales expertise, service reputation, local branding, and dealership locations to support new vehicle sales. Its used vehicle operations compete with franchised and non-franchised dealerships, regional and national vehicle rental companies, and internet-based vehicle brokers. The company also competes with franchised dealerships for warranty and recall repairs, with franchised dealerships and independent service centers for collision and non-warranty repairs and maintenance, and with automobile dealers, service stores, and auto parts retailers in parts operations. The company identifies its competitive advantages in parts and service sales as factory-approved replacement parts, skilled manufacturer-trained technicians, competitive pricing, familiarity with manufacturer brands and models, and quality customer service.