Exhibit 99.2


     AUBURY                                  Contact Information:  Stacey Yonkus
- ----------------                                               Asbury Automotive
AUTOMOTIVE GROUP                                                    203-356-4424
                                                         INVESTOR@ASBURYAUTO.COM
                                                         -----------------------



                       ASBURY AUTOMOTIVE GROUP ANNOUNCES
                           STOCK REPURCHASE PROGRAM


STAMFORD, Conn. - October 30, 2002 - Asbury Automotive Group, Inc. (NYSE:
ABG), one of the largest automotive retail and service companies in the U.S.,
today announced that its Board of Directors has authorized the Company to
expend up to $15 million to repurchase outstanding shares of its common stock.
Purchases may be made from time to time, in the open market or in privately
negotiated transactions. As of September 30, 2002, Asbury Automotive had
34,000,000 shares outstanding.

"We believe Asbury shares are significantly undervalued in the marketplace,"
said Kenneth B. Gilman, President and CEO. "This stock repurchase program
represents an opportunity for us to increase earnings per share and enhance
shareholder value."

At present, the Company is limited as to the number of shares it may purchase
in order to be in compliance with the Company's Credit Agreement and the
indenture related to the Company's Senior Subordinated Notes issued earlier
this year. As a result, the Company may currently purchase up to $15 million
worth of shares.

About Asbury Automotive Group

Asbury Automotive Group, Inc., headquartered in Stamford, Connecticut, is one
of the largest automobile retailers in the U.S., with 2001 revenues of $4.3
billion. Built through a combination of organic growth and a series of
strategic acquisitions over the past six years, Asbury now operates through
nine geographically concentrated, individually branded "platforms." These
platforms operate 90 retail auto stores, encompassing 128 franchises for the
sale and servicing of 36 different brands of American, European and Asian
automobiles. Asbury believes that its product mix includes one of the highest
proportions of luxury and mid-line import brands among leading U.S. automotive
public retailers. The Company 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" as that term is
defined in the Private Securities Litigation Reform Act of 1995. The
forward-looking statements include statements relating to goals, plans and
projections regarding the Company's financial position, results of operations,
market position, product development and business strategy. These statements
are based on management's current expectations and involve



significant risks and uncertainties that may cause results to differ
materially from those set forth in the statements. These risks and
uncertainties include, among other things, market factors, the Company's
relationships with vehicle manufacturers and other suppliers, risks associated
with the company's substantial indebtedness, risks related to pending and
potential future acquisitions, general economic conditions both nationally and
locally and governmental regulations and legislation. There can be no
guarantees the Company's plans for future operations will be successfully
implemented or that they will prove to be commercially successful. These and
other risk factors are discussed in the Company's registration statement on
Form S-1 and in its other filings with the Securities and Exchange Commission.
We undertake no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.