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Asbury Automotive Slams Brakes on $1 Billion Dealership Purchase

National Group Turns to Banks for $347 Million in Loans to Help Offset Coronavirus Impact
Asbury Automotive Group owns auto dealership real estate including 3700 W. Airport Freeway in Irving, Texas. (CoStar)
Asbury Automotive Group owns auto dealership real estate including 3700 W. Airport Freeway in Irving, Texas. (CoStar)
CoStar News
March 26, 2020 | 4:47 P.M.

Asbury Automotive Group, one of the largest automotive retailers in the country, has called off its deal to acquire luxury car seller Park Place Dealerships for $1 billion.

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