Phoenix/ Retail & Industry
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Published on February 19, 2024
Asbury Automotive Expands in Mesa with Modern Larry H. Miller Ford DealershipsSource: Asbury Automotive Group

Asbury Automotive Group is marching full steam ahead with an expansion in Mesa, Arizona, setting its sights on a sleek new pair of Ford dealer hubs. According to The Business Journals, the company has pitched plans to the Mesa Design Review Board to bulldoze an existing dealership for a fresh start—center stage will be the crisp, contemporary facades of new Larry H. Miller Ford showrooms. One aimed at the everyday customer, and the other, a hefty 44,835-square-foot counterpart at 461 E. Auto Center Drive, catering to commercial vehicle enthusiasts.

These dual developments are fresh on the heels of a sizeable growth spurt for Asbury, which recently enveloped 54 new and seven used Larry H. Miller dealerships into its fold, and included in the combined $28.7 million purchase for Tucson real estate are numerous dealerships including Larry H Miller Volkswagen, Alfa Romeo & FIAT, Chrysler Jeep, and Dodge Ram; the deal is part of a broader $5.7 billion infusion into Asbury’s revenue veins as David Hult, Asbury's President and CEO, expressed their thrill at completing the "transformative acquisition," a sentiment echoed by the appreciative tones of LHM Group Owner Gail Miller and CEO Steve Starks in their praise of the Asbury team's diligent approach.

The buildup doesn't stop in Mesa, with Asbury also having snatched up significant realty in Surplus and Peoria, where it's eyeing to erect yet more retail space for automotive clientele. This expansive project puts Asbury's strategic plan on the map with a yearlong accomplishment streak, adding a colossal $6.6 billion in annualized revenue, according to Real Estate Daily News. Their recent buying spree has inked Asbury's presence across several Western states and padded their portfolio with a leading provider of vehicle service contracts—Total Care Auto, touted as a golden ticket to further profitability by Hult.

With Asbury's empire now encompassing 155 dealerships and counting, the sky appears to be the limit. The dealership group isn’t just stopping at acquisitions; they're pairing brick-and-mortar establishments with their Clicklane digital purchasing platform to serve customers coast to coast. If their current trajectory holds, the automotive world is witnessing what could be a nationwide nameplate reshuffle, with Asbury Automotive steering toward a horizon filled with polished showrooms and comprehensive car care.