January 27, 2021

Vision

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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NEW YORK (CBSNewYork) — It’s the end of the road for Mayor Bill de Blasio‘s transportation commissioner.

Polly Trottenberg is quitting, perhaps to take a job with President-elect Joe Biden.

She is the latest key player to leave City Hall in the midst of the coronavirus pandemic, CBS2’s Tony Aiello reported Monday.

For more than seven years Trottenberg was one of the mayor’s highest-profile commissioners.

Trottenberg had a huge portfolio, covering all things related to city streets.

Now, she’s hitting the road with 13 months left in the de Blasio administration.

“We all owe Polly Trottenberg a debt of gratitude for her incredible service to New York City,” said de Blasio. “She is a tireless and talented public servant who has made our city safer, fairer, and more accessible. I’m proud to have worked so closely with her, and I wish her all the best in whatever comes next.”

“I will always be grateful to Mayor de Blasio for the incredible opportunity to serve the city I love so much, and especially for the chance to lead the 5,800 dedicated public servants at DOT,” Trottenberg said. “I have been honored to work with them and see the passion, creativity and dedication they bring every day to serving New Yorkers, especially during the pandemic of the last eight months. For now, I just say thank you, one and all.”

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Trottenberg told the New York Times she was not particularly close to de Blasio, and they didn’t speak that often, but together they pushed through major projects, including “Vision Zero,” with its speed cameras and pedestrian plazas, and the lowering of the speed limit to 25 mph.

There was also the reconfiguration of city streets, including the 14th Street busway and a tripling of bike lane mileage.

During the pandemic, she was successful in devoting more street space to restaurants and recreation.

“The real issue here is why is she leaving now? And why are so many de Blasio people leaving before we get close to the end of his term?” political consultant Hank Sheinkopf said.

Sheinkopf pointed to the mid-pandemic departures of Health Commissioner Oxiris Barbot and Department of Sanitation Commissioner Kathryn Garcia, who also served as food czar.

“You’re in a pandemic, a fiscal crisis, and, frankly, a city management emergency. It’s just not looking very good and de Blasio’s future and his legacy will be judged by what happens now, not what’s happened in the past,” Sheinkopf said.

De Blasio said every departed commissioner leaves behind a capable team.

“We already have the best talent. We have a very deep bench,” the mayor said.

As his time in office heads to the ninth inning, more are expected to leave Team de Blasio.

Advocacy groups such as Transportation Alternatives and Riders Alliance praised Trottenberg as a savvy commissioner who made a real difference.

“New Yorkers owe Polly Trottenberg a sincere debt of gratitude. During her tenure, the Department of Transportation rolled out more bus

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WHAT do you call a long bullet-shaped vehicle with rubber tires that zips along roads, stops for traffic lights and carries lots of people?

Whatever you call it, don’t call it a bus.

After four years of study and a cost so far of $6.5 million, engineers working on the Long Island Transportation Plan 2000 are presenting their preliminary proposals to manage Long Island’s traffic 20 years from now. The linchpin of their solution is a transit system with a sleek bus that’s a dead ringer for a monorail car except for the tires. But transportation officials are loath to use the ”B” word to describe it.

”People have an image of a bus,” said David Rettig, the Long Island planning director for the State Department of Transportation, which is overseeing the study. ”A bus is crowded, it smells of diesel fumes, it’s stuck in traffic. That’s not happening with these vehicles. They have to have a fast route to where they’re going to go, they have to be clean, they have to be clean-fueled.”

Whether you call it a bus or a Rapid Commute Vehicle, as the planners do, if the transportation department has its way there will be 1,270 of them, at a cost of about $300,000 each, running along 60 miles of new restricted-access lanes on major roadways on Long Island by 2020.

The $5 billion cost of implementing the transportation plan would be spread out in $250 million chunks over 20 years. It would include 50 new bus routes; 130 miles of road widening in addition to the new restricted-access bus and car pool lanes; shoulder lanes for buses on major roads; electronic signaling equipment for intersections; and 72 new bus stations.

Under the plan, known as ”the preliminary preferred alternative,” roads that would be widened with restricted-access lanes for buses and car pools include the Northern State Parkway from the Long Island Expressway to the Meadowbrook Parkway; the Meadowbrook from the Southern State Parkway to the Northern State; the Southern State from the Meadowbrook to Sunrise Highway; Sunrise Highway from the Southern State to Nicolls Road; the Sagtikos and Sunken Meadow State Parkways from the Southern State to Veterans Highway; and Nicolls Road from State Route 347 to Sunrise Highway.

Some congested roads, like Route 347 in Suffolk County,are already scheduled for additional lanes in a separate state project.

Engineers say the plan also assumes that the improvements to local bus systems — Long Island Bus in Nassau County and Suffolk County Transit — that were recommended by a transportation department study in April, will be made. Other expected improvements taken into account to help relieve congestion include the Long Island Rail Road’s plan to provide service into Grand Central Terminal. But there’s nothing in the plan for the L.I.R.R. per se, and no role for a light rail system. Light rail is a general term for lightweight cars that run along fixed rails, like a trolley system.

The goal of the bus transit system,

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