Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. After it buys Park Place in early 2020, the company will operate about 98 stores with associated parts and service departments. About 85% of new-vehicle revenue will come from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 10 states (mostly Texas and the Southeast), and the company entered Colorado in 2019. Asbury generated $6.9 billion of revenue in 2018, and in 2020, the company expects this figure is to be about $9 billion when including Park Place.