Exhibit 99.1
                                                        Investors May Contact:
                                                                 Stacey Yonkus
                                                  Director, Investor Relations
                                                                (212) 885-2512
                                                       investor@asburyauto.com

                                                        Reporters May Contact:
                                                                   David Shein
                                                            RF|Binder Partners
                                                                (212) 994-7514
                                                      David.Shein@RFBinder.com


             Asbury Automotive Group Announces New Credit Facility


NEW YORK, NY, Mar. 24 - Asbury Automotive Group (NYSE: ABG), one of the largest
automotive retail and service companies in the U.S., announced today that it
closed an $800 million senior secured credit facility with a syndicate of banks
and other financial institutions led by J.P. Morgan Securities and Bank of
America. The new facility consists of a $150 million three-year revolving line
of credit and a $650 million new and used vehicle inventory (floor plan) line of
credit. In addition, Ford Motor Credit Company and General Motors Acceptance
Corporation separately will continue to provide floor plan financing for
Asbury's Ford- and GM-branded stores with a combined amount of $250 million,
bringing the total borrowing availability to $1.05 billion.

J. Gordon Smith, Asbury's Chief Financial Officer, said, "This new credit
agreement shows the capital markets' confidence in our financial strength,
including our cash flow and balanced business model. The new facility ensures
Asbury's continued access to capital and will result in both lower interest
expense, through reduced interest rate margins, and improved operational
flexibility. In addition, we were able to create relationships with new lending
partners while maintaining relationships with two of our largest existing
creditors."

Mr. Smith concluded, "Overall, the facility is sized to our acquisition
objectives. We expect to fund acquisitions with equal amounts of operational
cash flow and senior debt, although at year-end 2004 we had sufficient liquidity
on hand to fund our acquisition objectives through 2005 without this new
facility."

About Asbury Automotive Group
Asbury Automotive Group, Inc., headquartered in New York City, is one of the
largest automobile retailers in the U.S., with 2004 revenue of approximately
$5.3 billion. Built through a combination of organic growth and a series of
strategic acquisitions, the Company currently operates 94 retail auto stores,
encompassing 130 franchises for the sale and servicing of 33 different brands of
American, European and Asian automobiles. Asbury believes that its product mix
contains a higher proportion of the more desirable luxury and mid-line import
brands than most public automotive 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,
projections and guidance regarding the Company's financial position, results of
operations, market position, product development, pending and potential future
acquisitions 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 which
could cause, among other things, acquisitions under contract or letters of
intent to fail, risks associated with the Company's substantial indebtedness,
risks related to pending and potential future acquisitions, risks related to
competition in the automotive retail and service industries, general economic
conditions both nationally and locally and governmental regulations and
legislation. There can be no guarantees that 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 annual report on Form 10-K 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.