January 27, 2021

unveils

DULUTH, Ga., Dec. 2, 2020 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today the launch of Clicklane— a communications technology ecosystem which allows for a true online car-buying and selling experience. Asbury partnered with Gubagoo to build the online platform that gives Asbury the ability to enhance the car buying experience across its store base and also to enter new markets focusing on the pre-owned vehicle business as a standalone Clicklane brand.

Asbury Automotive Group (PRNewsfoto/Asbury Automotive Group, Inc.)

Clicklane fills many of the gaps that exist with online automotive retail platforms currently on the market. Features that are unique to this platform include:

  • Penny perfect trade-in values and penny perfect loan payoffs
  • Real-payment figures based on local taxes and fees
  • Loan marketplace, which now includes more than 30 lenders
  • VIN-specific finance & insurance products customized to the vehicle and consumer
  • Ability to sign all documents online via DocuSign®
  • In-tool service and collision appointment scheduler

Members of the Asbury executive leadership team will host a demonstration of the Clicklane platform on Wednesday, December 2 at 10 a.m. EST live at asburyauto.com/clicklane.

“Clicklane is the latest evolution in our omni-channel strategy that we began more than four years ago,” said CEO & President David Hult. “The future of the automotive retail industry relies on innovation and our ability to meet consumers where they are— online. With Clicklane, we have created one platform for the entire life cycle of vehicle ownership and found the solution to what has been a fragmented process. Others may have pioneered the online car-buying experience, but we believe that we have perfected it.”

Asbury first piloted Clicklane at one of its stores in the Florida market, and it has now been implemented at several Asbury stores nationwide. The company plans to complete the Clicklane rollout to all its stores by the end of the first quarter of 2021. 

The company also unveiled its five-year strategic plan to reach $20 billion of revenue by 2025 (20% compound annual growth), expand operating margins, and grow EPS in excess of revenue growth.  Specifically, the company highlighted:

  • Driving same-store revenue growth of $2 billion over five years,
  • Acquiring $5 billion of additional revenue over five years, and
  • Adding an incremental $5 billion of revenue through the new Clicklane platform.

About Asbury Automotive Group, Inc.

Asbury Automotive Group, Inc. (“Asbury”), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S.  Asbury currently operates 91 dealerships, consisting of 112 franchises, representing 31 domestic and foreign brands of vehicles.  Asbury also operates 25 collision repair centers.  Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements

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In an announcement that drew immediate comparisons to “The Jetsons,” the city of Orlando, Fla., and a German aviation company formally unveiled plans on Wednesday to build the first hub for flying cars in the United States.

The 56,000-square-foot transportation hub, shown for the first time in renderings and in a video simulation, resembles an airport terminal. Think Eero Saarinen.

The so-called vertiport is scheduled to be completed in 2025 and will enable passengers to bypass Florida’s notoriously congested highways, the city and the hub’s developers contend.

The electric-powered aircraft will be capable of taking off vertically from the ground-based hub and reaching a top speed of 186 miles per hour, according to the Munich-based aviation company Lilium, which is working with the Orlando firm Tavistock Development Company on the project.

But is the ambitious project, intended to introduce Lilium’s flying taxis as a more time-efficient if costlier alternative to ride-hailing services like Uber and Lyft, viable? There is a caveat: The aircraft are still in the developmental phase.

Orlando officials don’t seem to be dissuaded by that uncertainty. On Monday, the City Council approved more than $800,000 in potential tax rebates to Lilium.

Buddy Dyer, the city’s longtime mayor, framed the project as a transformational one in a statement on Wednesday.

“For this new technology to truly reshape the transportation ecosystem and benefit Orlando residents long-term, it is going to take a true partnership between cities, developers and transportation operators,” Mr. Dyer said. “We have been focused on finding the right partners to be a global leader in the advanced air mobility space.”

The site selected for the transportation hub is in Lake Nona, a 17-square-mile planned community within the city limits that is next to Orlando International Airport. It will require approval from the Federal Aviation Administration. The aircraft themselves will also fall under the agency’s oversight.

“The F.A.A. is the regulatory authority over all flight activities in the United States, including urban air mobility aircraft,” the F.A.A. said in a statement on Wednesday night. “The agency is in the preliminary stages of working with these applicants and will continue to engage with them as they work to meet certification standards.”

Jim Gray, a City Council commissioner whose district includes the site of the planned hub, said on Monday that tax incentives were justified and that the project would create about 140 jobs that paid about $65,000 a year on average.

“That’s what we need,” Mr. Gray said during the Council meeting. “We need better-paying jobs. So I think our investment, us priming the pump to help this work with some tax rebates, is absolutely the right thing to do.”

Orlando officials noted that the projected salaries would be more than 25 percent higher than the average salary in Orange County, which includes the city. They also said that the tax rebates were not taking away from existing funds.

“It also should be emphasized on rebates that’s on value that they’re generating,” Mr. Dyer said on Monday. “We’re

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BOULDER, CO. (Nov. 10, 2020) — PeopleForBikes is launching the Advocacy Academy, an extensive online toolkit of educational resources to help city leaders, local advocates and other stakeholders improve bicycle networks and programs in their communities.

“We’ve been working with cities and towns for years to build protected bike lanes, connect bicycle networks, and improve the health and vitality of communities,” said Sara Studdard, PeopleForBikes director of local innovation. “Along the way, we’ve learned the best practices to make these crucial changes. Advocacy Academy brings those lessons to local leaders, making it that much easier for communities to accelerate better conditions for bicycling.”

The online Advocacy Academy, which goes live on Nov. 17, includes twelve engaging and educational videos, as well as research reports, case studies, and best practice guides that delve into the details of execution.

The series tackles:

  • Tips for making a city great for bicycling, from calming residential streets to increasing equitable access to safety.
  • Lessons from the best biking cities, detailing successful strategies from around the world and practical tips for implementing them in your own city.
  • A deep dive into the PeopleForBikes City Ratings program, a data-driven approach to evaluate, identify, and compare the best global cities and towns for bicycling, including details on the City Ratings algorithm and tips to improve bicycling in your region.

The Advocacy Academy is a key component of the PlacesForBikes program supported by a generous grant from Trek Bicycle Corporation as well as contributions from other bike businesses, foundations, and individuals.

“All across America, people are riding bikes for transportation, fitness, and to spend time with family. Now more than ever, providing safe, comfortable, and enjoyable places to ride is an important investment to our streets, cities, and planet,” said Kyle Wagenschutz, PeopleForBikes vice president of local innovation. “These videos can act as a roadmap, providing you and other local leaders the ability to prioritize your next steps and have confidence that the outcomes will make biking better for everyone.”

To learn more about Advocacy Academy, join the PeopleForBikes webinar on November 17 at 2 p.m. MT. Register at https://peopleforbikes.org

About PeopleForBikes

PeopleForBikes is making biking better for everyone by uniting millions of Americans, thousands of businesses and hundreds of communities to make every bike ride safer, more accessible and more fun. When people ride bikes, great things happen. Join us at PeopleForBikes.org.

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