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Asbury Automotive Group's Craig Monaghan Shares Insights with CBT News
Date:7/10/2013

store and providing a comfortable venue for customers is important, and Asbury Automotive established a five-year capital spending program specifically for rebuilding and construction. Over the past 10 years, the company has either completely rebuilt or renovated nearly two-thirds of its stores, and plans to do rebuild another 20 percent of its stores within the next 12 to 18 months.

“We’ll spend almost 60 million dollars this year on just store renovations,” Monaghan says. “We’re committed to maintaining a first-class store.”

Monaghan also provided dealers with advice when it comes to showroom renovations, stressing the importance of working with the manufacturer early, and planning as a team. He said buyers can get a great-looking product--but not an overpriced product-- when planned correctly.

Monaghan provided more management advice and discussed the future plans for Asbury Automotive Group in the full interview on CBT News.

CBT News is the official news source of the retail automotive industry. The web-based newscast combines the immediacy of the internet with a traditional broadcast news delivery format, complete with co-anchors and studio set, producing quality content often featuring interviews with leaders in the industry. The free site is rapidly growing, with over 25,000 subscribers. In addition to the newscast, the site is chock full of information for dealers, including sales tips, video clips and articles highlighting topics like social media marketing, inventory management, fixed ops and more.

Read the full story at http://www.prweb.com/releases/2013/7/prweb10913387.htm.


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