Document:

<Page>

                                                                   EXHIBIT 10.16

                      MERCEDES-BENZ OF NORTH AMERICA, INC.

                           MERCEDES-BENZ PASSENGER CAR

                                DEALER AGREEMENT

         This PASSENGER CAR DEALER AGREEMENT is effective as of the day last set
forth below by and between Mercedes-Benz of North America, Inc. ("MBNA") and the
natural person or entity identified as "Dealer" in the Final Paragraph of this
Agreement.

                      MERCEDES-BENZ STATEMENT OF COMMITMENT

This Agreement states the commitment of MBNA and Dealer to each other as well as
their relationship to the owners of Mercedes-Benz Passenger Car Products.

MBNA, the exclusive distributor of Mercedes-Benz Passenger Car Products in the
United States of America and its territories and possessions, brings to this
relationship the peerless reputation and image of Mercedes-Benz through the
embodiment of the "Three-Pointed Star." MBAG has produced automobiles longer
than any other manufacturer in the world. It has never let sheer numbers of
production, or the requirement of transportation alone, become the yardstick for
the design of its products. Its devoted craftsmen have built, and continue to
build, the finest automobiles in the world. Mercedes-Benz automobiles are not
made for the affluent only or for a single country. Since 1886, Mercedes-Benz
automobiles have been and continue to be the pride of discriminating owners all
over the world.

Mercedes-Benz passenger car dealers are community leaders whose reputation,
integrity and expertise are essential to the sale and servicing of Mercedes-Benz
Passenger Cars. They must have well-located places of business with outstanding
sales, service and parts facilities; they must be staffed by courteous and
well-trained personnel who are dedicated to serving Mercedes-Benz customers
during the acquisition and ownership experience; and they must be focused on
attaining the collective long-term goals reflected herein as well as their own
individual goals.

Mercedes-Benz owners are loyal, devoted and proud; but they are also demanding
towards the factory as far as the product is concerned and towards the dealer as
to how it is sold and serviced. MBNA and Dealer are committed to meeting and,
where possible, exceeding those high expectations.

By executing this Agreement, and pursuant to its terms, MBNA and its
Mercedes-Benz passenger car dealers dedicate themselves jointly to serving and
satisfying the past, present and future owners of Mercedes-Benz Passenger Car
Products.
<Page>

A.    APPOINTMENT OF DEALER

      MBNA hereby appoints Dealer and grants it the non-exclusive right to buy
      and resell Mercedes-Benz Passenger Car Products. Dealer accepts such
      appointment and understands that its appointment as a Dealer (i) does not
      grant it an exclusive right to sell Mercedes-Benz Passenger Car Products
      in its Area of Influence or in any other geographic area, and (ii) does
      not grant it any right to buy or resell vehicles or other products that
      are not Mercedes-Benz Passenger Car Products.

B.    TERM

      This Agreement shall have a term commencing on its effective date and
      continuing until the date set forth in the Final Paragraph.

C.    ADDITIONAL PROVISIONS

      The accompanying Mercedes-Benz Passenger Car Dealer Agreement Standard
      Provisions, Dealer Facility Space Analysis Addendum, Dealer Operating
      Requirements Addendum, Dealer Area of Influence Addendum, Dealer
      Improvement Addendum (if applicable) and Dealer Advertising Guidelines are
      hereby incorporated into and made a part of this Agreement. Dealer further
      agrees to be bound by and comply with the Warranty Manual, Corporate
      Identity Manual and all other manuals, bulletins, instructions and
      directives issued to Dealer by MBNA.

D.    DEALER OWNERSHIP

      This is a personal services agreement. MBNA is entering into this
      Agreement in reliance upon the personal qualifications, reputation,
      integrity and expertise of Owners and upon their representation that they
      are committed to achieving the purposes and goals of this Agreement.
      Dealer agrees that there will be no change in the identity of Owner or in
      Dealer's ownership, name, identity, business organization or structure
      without the prior written consent of MBNA, which consent shall not be
      unreasonably withheld. If Dealer is a corporation, Dealer agrees to notify
      MBNA in writing of any change in the identity of its officers or
      directors.

E.    DEALER MANAGEMENT

      MBNA and Dealer agree that qualified dealership management is critical to
      the successful operation of Dealer. Dealer agrees, and MBNA enters into
      this Agreement on the condition, that at least one Owner, the Dealer
      Operator, shall have full managerial authority for Dealership Operations,
      shall continually provide his or her personal services in operating the
      dealership, and shall be physically present at the Dealership Facilities
      on a full-time basis. If the Dealer Operator has or in the future acquires
      an ownership interest in another Mercedes-Benz passenger car dealer where
      he or she desires to serve temporarily as the Dealer Operator, MBNA shall
      give Dealer and the other dealer a reasonable period of time within which
      to designate a separate and distinct Dealer Operator satisfactory to MBNA
      for each such dealer. Dealer agrees that there will be no change in the
      identity of the Dealer Operator without the prior written consent of MBNA,
      which consent shall not be unreasonably withheld.

<Page>

F.    DEALERSHIP FACILITIES

      Dealer agrees that the Dealership Facilities shall satisfy all applicable
      provisions of this Agreement, including the facility, space, appearance,
      layout, equipment and corporate identification requirements in the Dealer
      Operating Requirements Addendum, Dealer Facility Space Analysis Addendum
      and Corporate Identity Manual. Unless otherwise provided in the Dealer
      Facility Space Analysis Addendum, MBNA hereby approves the location(s) of
      the Dealership Facilities identified in the Final Paragraph for the
      exclusive purpose of: (i) showroom and sales facility for Mercedes-Benz
      Passenger Cars; (ii) service and parts facility for Mercedes-Benz
      Passenger Cars; (iii) facilities for display and sale of pre-owned
      Mercedes-Benz vehicles; and (iv) if applicable, other facilities for such
      other purpose(s) as may be identified in the Final Paragraph. Dealer shall
      not move, relocate or change the designated usage or function of the
      Approved Location(s) or any of the Dealership Facilities without the prior
      written consent of MBNA. In particular, Dealer shall not add sales,
      service or parts operations for any other line of vehicles to the
      Dealership Facilities or at the Approved Location(s) without the prior
      written consent of MBNA.

G.    MERCEDES-BENZ PARTNERSHIP GROUPS

      MBNA and Dealer agree that it is in their mutual interest to create the
      Mercedes-Benz National Partnership Group and Regional Partnership Groups.
      Subject to their respective by-laws and procedures, the National
      Partnership Group shall act as liaison between MBNA and the dealer body,
      conveying to MBNA's management the views, recommendations and suggestions
      of the dealer body on those matters of importance affecting the mutual
      interests of MBNA and Mercedes-Benz passenger car dealers generally, while
      the Regional Partnership Groups shall foster open and frequent
      communications between MBNA's regional management and the dealer body on
      such issues. Each Mercedes-Benz passenger car dealer is encouraged to
      express its views on such issues to MBNA through its Regional Partnership
      Group. Dealer agrees to support the National Partnership Group and its
      Regional Partnership Group.

H.    MODIFICATION OF AGREEMENT

      No waiver, modification or change of any of the terms of this Agreement or
      change or erasure of any printed part of this Agreement or addition to it
      (except filling of blank spaces and lines) will be valid or binding on
      MBNA unless approved in writing by the President or a Vice President of
      MBNA.

I.    EXECUTION OF AGREEMENT

      This Agreement shall not become effective until signed by a duly
      authorized officer of Dealer, if a corporation; or by one of the general
      partners of Dealer, if a partnership; or by the named individual if a sole
      proprietorship; and countersigned by the President or a Vice President of
      MBNA.

J.    MUTUAL RELEASE

      Each party hereby releases the other from any and all claims and causes of
      action that it may have against the other for money damages arising from
      any event occurring up to

<Page>

      and including the effective date of this Agreement, except for any
      accounts payable by one party to the other reflected on the Mercedes-Benz
      Consolidated Financial Statement or adjustments to any prior payment,
      credit or other benefit arising from any audit or other examination
      conducted by MBNA with respect thereto. This mutual release does not
      extend to claims that either party does not know or reasonably suspect to
      exist in its favor as of the effective date of this Agreement or that
      arise under Section XIII of the Standard Provisions to this Agreement.

K.    CERTIFICATION

      By their signatures below, the parties certify that they have read and
      understand this Agreement, including all of the additional provisions
      incorporated herein, and agree to be bound by and comply with all of its
      terms and conditions.
<Page>

FINAL PARAGRAPH

Dealer is CFP MOTORS, LTD. , a (an) LIMITED PARTNERSHIP incorporated or formed
under the Laws of the State of FLORIDA doing business as COGGIN MOTOR MALL
("Dealer"). Dealer is located in FORT PIERCE, FLORIDA
                                    City       State

The Owners of Dealer (including all shareholders, general and limited partners,
and other owners) are as follows:

<Table>
<Caption>

                                                                 Percentage
Name                            Residence                        Interest
----------------------------    -----------------------------    ---------------
<S>                             <C>                              <C>
COGGIN AUTOMOTIVE CORP          7400 BAYMEADOWS WAY              74.00
                                JACKSONVILLE, FL 32256

ROBERT W. CARACELLO             9670 LANDINGS DRIVE              25.00
                                PORT ST. LUCIE, FL 34982

CF MOTOR CORP                   7400 BAYMEADOWS WAY               1.00
                                JACKSONVILLE, FL 32256
</Table>

The Dealer Operator of Dealer is as follows:

Name                                  Residence
---------------------------------     ------------------------------------------
ROBERT W. CARACELLO                   9670 LANDINGS DRIVE
GENERAL MANAGER                       PORT ST. LUCIE, FL 34986

LUTHER COGGIN                         815 PONTE VEDRA BLVD.
PRESIDENT                             PONTE VEDRA BEACH, FL 32082

Showroom and Sales Facility for Mercedes-Benz Passenger Cars located at:
  4500 SOUTH US1
  P.O. BOX 2049
  FORT PIERCE, FL 34954

Service and Parts Facility for Mercedes-Benz Passenger Cars located at:
  4500 SOUTH US1
  P.O. BOX 2049
  FORT PIERCE, FL 34954

Facilities for the display and sale of pre-owned Mercedes-Benz vehicles located
at:
  4500 SOUTH US1
  P.O. BOX 2049
  FORT PIERCE, FL 34954
<Page>

FINAL PARAGRAPH

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement effective as of the 30TH day of APRIL, 1997 at Montvale, New Jersey.
This Agreement shall have a term commencing on its effective date and continuing
until DECEMBER 31, 2001.

DEALER                                      MERCEDES-BENZ OF NORTH AMERICA, INC.

By:                                         By:
     /s/ Luther W. Coggin
     -----------------------------------       ------------------------
         Luther W. Coggin, President                 Vice President

Luther W. Coggin, President                 Attested by:
----------------------------------------                /s/ Anthony LaSpada
         Type Name and Title                            ------------------------

Attested by:

               -------------------------
<Page>

                      MERCEDES-BENZ OF NORTH AMERICA, INC.

                            MERCEDES-BENZ LIGHT TRUCK
                                DEALER AGREEMENT

                  This LIGHT TRUCK DEALER AGREEMENT is effective as of the day
last set forth below by and between Mercedes-Benz of North America, Inc.
("MBNA") and the natural person or entity identified as "Dealer" in the Final
Paragraph of this Agreement.

                      MERCEDES-BENZ STATEMENT OF COMMITMENT

This Agreement states the commitment of MBNA and Dealer to each other as well as
their relationship to the owners of Mercedes-Benz Light Truck Products.

MBNA, the exclusive distributor of Mercedes-Benz Light Truck Products in the
United States of America and its territories and possessions, brings to this
relationship the peerless reputation and image of Mercedes-Benz through the
embodiment of the "Three-Pointed Star." MBAG has produced automobiles longer
than any other manufacturer in the world. It has never let sheer numbers of
production, or the requirement of transportation alone, become the yardstick for
the design of its products. Its devoted craftsmen have built, and continue to
build, the finest automobiles in the world. Mercedes-Benz automobiles are not
made for the affluent only or for a single country. Since 1886, Mercedes-Benz
automobiles have been and continue to be the pride of discriminating owners all
over the world.

Mercedes-Benz light truck dealers are community leaders whose reputation,
integrity and expertise are essential to the sale and servicing of Mercedes-Benz
Light Trucks. They must have well-located places of business with outstanding
sales, service and parts facilities; they must be staffed by courteous and
well-trained personnel who are dedicated to serving Mercedes-Benz customers
during the acquisition and ownership experience; and they must be focused on
attaining the collective long-term goals reflected herein as well as their own
individual goals.

Mercedes-Benz owners are loyal, devoted and proud; but they are also demanding
towards the factory as far as the product is concerned and towards the dealer as
to how it is sold and serviced. MBNA and Dealer are committed to meeting and,
where possible, exceeding those high expectations.

By executing this Agreement, and pursuant to its terms, MBNA and its
Mercedes-Benz light truck dealers dedicate themselves jointly to serving and
satisfying the past, present and future owners of Mercedes-Benz Light Truck
Products.

A.    APPOINTMENT OF DEALER

      MBNA hereby appoints Dealer and grants it the non-exclusive right to buy
      and resell Mercedes-Benz Light Truck Products. Dealer accepts such
      appointment and understands that its appointment as a Dealer (i) does not
      grant it an exclusive right to sell Mercedes-Benz Light Truck Products in
      its Area of Influence or in any other geographic

<Page>

      area, and (ii) does not grant it any right to buy or resell vehicles or
      other products that are not Mercedes-Benz Light Truck Products.

B.    TERM

      This Agreement shall have a term commencing on its effective date and
      continuing until the date set forth in the Final Paragraph.

C.    ADDITIONAL PROVISIONS

      The accompanying Mercedes-Benz Light Truck Dealer Agreement Standard
      Provisions, Dealer Facility Space Analysis Addendum, Dealer Operating
      Requirements Addendum, Dealer Area of Influence Addendum, Dealer
      Improvement Addendum (if applicable) and Dealer Advertising Guidelines are
      hereby incorporated into and made a part of this Agreement. Dealer further
      agrees to be bound by and comply with the Warranty Manual, Corporate
      Identity Manual and all other manuals, bulletins, instructions and
      directives issued to Dealer by MBNA.

D.    DEALER OWNERSHIP

      This is a personal services agreement. MBNA is entering into this
      Agreement in reliance upon the personal qualifications, reputation,
      integrity and expertise of Owners and upon their representation that they
      committed to achieving the purposes and goals of this Agreement. Dealer
      agrees that there will be no change in the identity of Owner or in
      Dealer's ownership, name, identity, business organization or structure
      without the prior written consent of MBNA, which consent shall not be
      unreasonably withheld; provided, however, that anything herein to the
      contrary notwithstanding, Dealer agrees that it shall not sell or transfer
      Dealer's principal assets or any ownership interest of Owner relating to
      the conduct of Dealership Operations hereunder separate and apart from the
      assets or ownership interest relating to the conduct of "Dealership
      Operations" under the Mercedes-Benz Passenger Car Dealer Agreement. If
      Dealer is a corporation, Dealer agrees to notify MBNA in writing of any
      change in the identity of its officers or directors.

E.    DEALER MANAGEMENT

      MBNA and Dealer agree that qualified dealership management is critical to
      the successful operation of Dealer. Dealer agrees, and MBNA enters into
      this Agreement on the condition, that at least one Owner, the Dealer
      Operator, shall have full managerial authority for Dealership Operations,
      shall continually provide his or her personal services in operating the
      dealership, and shall be physically present at the Dealership Facilities
      on a full-time basis. Dealer further agrees that the Dealer Operator
      hereunder shall be the same person as the "Dealer Operator" under the
      Mercedes-Benz Passenger Car Dealer Agreement. If the Dealer Operator has
      or in the future acquires an ownership interest in another Mercedes-Benz
      light truck dealer where he or she desires to serve temporarily as the
      Dealer Operator, MBNA shall give Dealer and the ocher dealer a reasonable
      period of time within which to designate a separate and distinct Dealer
      Operator satisfactory to MBNA for each such dealer. Dealer agrees that
      there will be no change in the identity of the Dealer Operator without the
      prior written consent of MBNA, which consent shall not be unreasonably
      withheld.

<Page>

F.    DEALERSHIP FACILITIES

      Dealer agrees that the Dealership Facilities shall satisfy all applicable
      provisions of this Agreement, including the facility, space, appearance,
      layout, equipment and corporate identification requirements in the Dealer
      Operating Requirements Addendum, Dealer Facility Space Analysis Addendum
      and Corporate Identity Manual. Unless otherwise provided in the Dealer
      Facility Space Analysis Addendum, MBNA hereby approves the location(s) of
      the Dealership Facilities identified in the Final Paragraph for the
      purpose of: (i) showroom and sales facility for Mercedes-Benz Light
      Trucks; (ii) service and parts facility for Mercedes-Benz Light Trucks;
      and (iii) if applicable, other facilities for such other purpose(s) as may
      be identified in the Final Paragraph. Dealer shall not move, relocate or
      change the designated usage or function of the Approved Location(s) or any
      of the Dealership Facilities without the prior written consent of MBNA. At
      all times, Dealer shall conduct Dealership Operations hereunder in
      conjunction with, and at the "Approved Location(s)" and "Dealership
      Facilities" for, its "Dealership Operations" under the Mercedes-Benz
      Passenger Car Dealer Agreement. Dealer shall not add sales, service or
      parts operations for any other line of vehicles to the Dealership
      Facilities or at the Approved Location(s) without the prior written
      consent of MBNA.

G.    MERCEDES-BENZ PARTNERSHIP GROUPS

      MBNA and Dealer agree that it is in their mutual interest to create the
      Mercedes-Benz National Partnership Group and Regional Partnership Groups.
      Subject to their respective by-laws and procedures, the National
      Partnership Group shall act as liaison between MBNA and the dealer body,
      conveying to MBNA's management the views, recommendations and suggestions
      of the dealer body on those matters of importance affecting the mutual
      interests of MBNA and Mercedes-Benz light truck dealers generally, while
      the Regional Partnership Groups shall foster open and frequent
      communications between MBNA's regional management and the dealer body on
      such issues. Each Mercedes-Benz light truck dealer is encouraged to
      express its views on such issues to MBNA through its Regional Partnership
      Group. Dealer agrees to support the National Partnership Group and its
      Regional Partnership Group.

H.    MODIFICATION OF AGREEMENT

      No waiver, modification or change of any of the terms of this Agreement or
      change or erasure of any printed part of this Agreement or addition to it
      (except filling of blank spaces and lines) will be valid or binding on
      MBNA unless approved in writing by the President or a Vice President of
      MBNA.

I.    EXECUTION OF AGREEMENT

      This Agreement shall not become effective until signed by a duly
      authorized officer of Dealer, if a corporation; or by one of the general
      partners of Dealer, if a partnership; or by the named individual if a sole
      proprietorship; and countersigned by the President or a Vice President of
      MBNA.

<Page>

J.    MUTUAL RELEASE

      Each party hereby releases the other from any and all claims and causes of
      action that it may have against the other for money damages arising from
      any event occurring up to and including the effective date of this
      Agreement, except for any accounts payable by one party to the other
      reflected on the Mercedes-Benz Consolidated Financial Statement or
      adjustments to any prior payment, credit or other benefit arising from any
      audit or other examination conducted by MBNA with respect thereto. This
      mutual release does not extend to claims that either party does not know
      or reasonably suspect to exist in its favor as of the effective date of
      this Agreement or that arise under Section XIII of the Standard Provisions
      to this Agreement.

K.    CERTIFICATION

      By their signatures below, the parties certify that they have read and
      understand this Agreement, including all of the additional provisions
      incorporated herein, and agree to be bound by and comply with all of its
      terms and conditions.

<Page>

FINAL PARAGRAPH

Dealer is CFP MOTORS, LTD. , a (an) LIMITED PARTNERSHIP incorporated or formed
under the Laws of the State of FLORIDA doing business as COGGIN MOTOR MALL
("Dealer"). Dealer is located in FORT PIERCE, FLORIDA
                                   City        State

The Owners of Dealer (including all shareholders, general and limited partners.
and other owners) are as follows:

<Table>
<Caption>

                                                                Percentage
Name                            Residence                        Interest
----------------------------    ----------------------------    ------------
<S>                             <C>                                <C>
COGGIN AUTOMOTIVE CORP          7400 BAYMEADOWS WAY                74.00
                                JACKSONVILLE, FL 32256

ROBERT W. CARACELLO             9670 LANDINGS DRIVE                25.00
                                PORT ST. LUCIE, FL 34982

CF MOTOR CORP                   7400 BAYMEADOWS WAY                 1.00
                                JACKSONVILLE, FL 32256
</Table>

The Dealer Operator of Dealer is as follows:

Name                                Residence
-------------------------------     --------------------------------------------
ROBERT W. CARACELLO                 9670 LANDINGS DRIVE
  GENERAL MANAGER                   PORT ST. LUCIE, FL 34986

LUTHER COGGIN                       815 PONTE VEDRA BLVD.
   PRESIDENT                        PONTE VEDRA BEACH, FL 32082

Showroom and Sales Facility for Mercedes-Benz Light Trucks located at:
  4500 SOUTH US1
  P.O. BOX 2049
  FORT PIERCE, FL 34954

Service and Parts Facility for Mercedes-Benz Light Trucks located at:
  4500 SOUTH US1
  P.O. BOX 2049
  FORT PIERCE, FL 34954

Facilities for the display and sale of pre-owned Mercedes-Benz vehicles located
at:
  4500 SOUTH US1
  P.O. BOX 2049
  FORT PIERCE, FL 34954
<Page>

FINAL PARAGRAPH

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement effective as of the 13TH day of JUNE, 1997 at Montvale, New Jersey.
This Agreement shall have a term commencing on its effective date and continuing
until DECEMBER 31, 2001.

DEALER                                     MERCEDES-BENZ OF NORTH AMERICA, INC.

By:                                        By:
     /s/ Luther W. Coggin                        /s/ Harold D. Whitford
     ----------------------------------          -------------------------------
         Luther W. Coggin, President                     Vice President

Luther W. Coggin, President                Attested by:
---------------------------------------                /s/ Anthony LaSpada
         Type Name and Title                           -------------------------

Attested by:

               -----------------------
<Page>

Mercedes-Benz USA, LLC

June 12, 2000

Mr. Thomas R. Gibson, Chairman,
Asbury Automotive Group, L.L.C.
1050 Westlakes Drive, Suite 300
Berwyn, PA 19312-2421
                                    RE:  MERCEDES-BENZ CENTERS
                                         Asbury Automotive St. Louis, LLC (Creve
                                         Coeur, MO)
                                         Precision Motorcars, Inc. (Tampa, FL)
                                         CFP Motors, Ltd. (Fort Pierce, FL)

Dear Mr. Gibson:

We are in receipt of your letter dated May 11, 2000 and supporting documents to
Mr. John Koehler, advising of a change in the ownership structure of Asbury
Automotive Group, L.L.C. It is our understanding that as a result of a "roll-up"
of minority ownership interests, subject Mercedes-Benz Center entities will now
be wholly owned either directly or through holding company entities by Asbury
Automotive Group, L.L.C. as depicted below:

Asbury Automotive                                             Minority Owners
Holdings, L.L.C.

Entity formerly knowns as "Asbury Automotive  59.24%
Group, L.L.C." (ownership unchanged)

                40.76%  Individual owners listed in Schedule 4 attachment of the
                        May 11, 2000 letter referred to above

                         Asbury Automotive Group L.L.C.

                                   Entity formerly knowns as "Asbury Automotive
                                   Oregon LLC"

                            Asbury Villanova II, LLC         Asbury Automotive
Asbury Automotive                                           Jacksonville GP LLC
St. Louis, LLC dba
Plaza MotorCompany                                                 1%
CREVE COEUR, MO       Asbury Automotive                                      99%
                        Tampa GP LLC
                                                              Asbury Automotive
                                                               Jacksonville LP

                            1%              50%         49%

                               Asbury Automotive            CFP Motors, Ltd. dba
                                    Tampa LP                 Coggin Motor Mall
                                                               FT. PIERCE, FL

                             Precision Enterprises
                                  Tampa, Inc.

                            Precision Motocars, Inc.
                           dba Mercedes-Benz of Tampa
                                   TAMPA, FL

<Page>

Mr. Thomas R. Gibson, Chairman,
Asbury Automotive Group, L.L.C.
June 12, 2000
Page 2 of 2

Based on review of the documentation submitted, we find the aformentioned
changes in the ownership of the respective Mercedes-Benz Centers acceptable. We
will record this in our corporate records upon your notification that the
changes have been implemented.

                                        Sincerely,

                                        MERCEDES-BENZ USA, LLC

                                        /s/ Ken Enders
                                        ----------------------------------------
                                        By Ken Enders,
                                        Vice President Marketing

CC:    W. Anderson
       R. Crolic<Page>

                                                                  EXHIBIT 10.17

                                     NISSAN

                        DEALER SALES & SERVICE AGREEMENT

         THIS AGREEMENT is entered into effective the day last set forth below
by and between the Nissan Division of NISSAN NORTH AMERICA, INC., a California
corporation, hereinafter called Seller, and the natural person or entity
identified as "Dealer" in the Final Article of this Agreement.

                                  INTRODUCTION

         The purpose of this Agreement is to establish Dealer as an authorized
dealer of Nissan Products and to provide for the sale and servicing of Nissan
Products in a manner that will best serve the interests of Seller, Dealer, other
Authorized Nissan Dealers and owners and purchasers of Nissan Products. This
Agreement sets forth: the rights which Dealer will enjoy as an Authorized Nissan
Dealer; the responsibilities which Dealer assumes in consideration of its
receipt of these rights; and the respective conditions, rights and obligations
of Seller and Dealer that apply to Seller's grant to Dealer of such rights and
Dealer's assumption of such responsibilities.

         This is a personal services Agreement. In entering into this Agreement
and appointing Dealer as provided below, Seller is relying upon the personal
qualifications, expertise, reputation, integrity, experience, ability and
representations of the individual(s) named herein as Principal Owner(s) and
Executive Manager.

         Achievement of the purposes of this Agreement is premised upon mutual
understanding and cooperation between Seller and Dealer. Dealer has entered into
this Agreement in reliance upon Seller's integrity and expressed intention to
deal fairly with Dealer and the consuming public. Seller has entered into this
Agreement in reliance upon Dealer's integrity and ability and expressed
intention to deal fairly with Seller and the consuming public.

         It is the responsibility of Seller to market Nissan Products throughout
the Territory. It is the responsibility of Dealer to actively promote the retail
sale of Nissan Products and to provide courteous and efficient service of Nissan
products. The success of Seller and Dealer will depend on how well they each
fulfill their respective responsibilities under this Agreement. It is recognized
that: Nissan North America, Inc. (hereinafter called "Manufacturer") will
endeavor to provide motor vehicles that offer outstanding value to the consuming
public; Seller will endeavor to establish a national network of Authorized
Nissan Dealers that can provide effective sales and service effort at the retail
level; and Dealer will endeavor to fulfill its responsibilities through
aggressive, sound, ethical selling practices and through conscientious regard
for customer service.

         Seller and Dealer shall refrain from engaging in conduct or activities
which might be detrimental to or reflect adversely upon the reputation of
Seller, Manufacturer, Dealer or Nissan Products and shall engage in no
discourteous, deceptive, misleading or unethical practices or activities.

         For consistency and clarity, terms which are used frequently in this
Agreement have been defined in Section 1 of the Standard Provisions. All terms
used herein which are defined in the Standard Provisions shall have the meaning
stated in said Standard Provisions. These definitions should be read carefully
for a proper understanding of the provisions in which they appear.
<Page>

         To achieve the purposes referred to above, Seller and Dealer agree as
follows:

         ARTICLE FIRST:  Appointment of Dealer

         Subject to the conditions and provisions of this Agreement, Seller:

         (a) appoints Dealer as an Authorized Nissan Dealer and grants Dealer
the non-exclusive right to buy from Seller those Nissan Products specified in
Dealer's current Product Addendum hereto, for resale, rental or lease at or from
the Dealership Locations established and described in accordance with Section 2
of the Standard Provisions; and

         (b) grants Dealer a non-exclusive right, subject to and in accordance
with Section 6.K of the Standard Provisions, to identify itself as an Authorized
Nissan Dealer, to display the Nissan Marks in the conduct of its Dealership
Operations and to use the Nissan Marks in the advertising, promotion and sale of
Nissan Products in the manner provided in this Agreement.

         ARTICLE SECOND:  Assumption of Responsibilities by Dealer

         Dealer hereby accepts from Seller its appointment as an Authorized
Nissan Dealer and, in consideration of its appointment and subject to the other
conditions and provisions of this Agreement, hereby assumes the responsibility
for:

         (a) establishing and maintaining at the Dealership Locations the
Dealership Facilities in accordance with Section 2 of the Standard Provisions;

         (b) actively and effectively promoting the sale at retail (and, if
Dealer elects, the leasing and rental) of Nissan Vehicles within Dealer's
Primary Market Area in accordance with Section 3 of the Standard Provisions;

         (c) servicing Nissan Vehicles and for selling and servicing Genuine
Nissan Parts and Accessories in accordance with Section 5 of the Standard
Provisions;

         (d) building and maintaining consumer confidence in Dealer and in
Nissan Products in accordance with Section 5 of the Standard Provisions; and

         (e) performance of the additional responsibilities set forth in this
Agreement, including those specified in Section 6 of the Standard Provisions.

         ARTICLE THIRD:  Ownership

         (a) OWNERS. This Agreement has been entered into by Seller in reliance
upon, and in consideration of, the personal qualifications, expertise,
reputation, integrity, experience, ability and representations with respect
thereto of the Principal Owner(s) named in the Final Article of this Agreement
and in reliance upon Dealer's representations concerning the ownership of Dealer
as follows:

                  (i) Dealer represents and agrees that the person(s) named as
         Principal Owner(s) in the Final Article of this Agreement, and only
         those person(s), shall be the Principal Owner(s) of Dealer;

                  (ii) Dealer represents and agrees that the person(s) named as
         Other Owner(s) in the Final Article of this Agreement, and on1y those
         person(s), shall be the Other Owner(s) of Dealer.

<Page>

         (b) HOLDING COMPANY. Seller requires that a natural person be named as
the Principal Owner(s) of Dealer because Seller relies on the personal
qualifications, expertise, reputation, integrity, experience, ability and
representations of such individuals. If one or more of the owner(s) of Dealer is
a corporation, partnership or other entity and not a natural person (hereinafter
called "Holding Company"), Dealer and Seller agree that the natural persons
listed in the Holding Company Addendum of this Agreement as owners of the
Holding Company shall be deemed to be the Principal Owner(s) and Other Owner(s)
of Dealer, as the case may be and that the terms and conditions of this
Agreement, including without limitation the provisions of this Article Third and
Sections 12, 14 and 15 of the Standard Provisions, shall apply to the owner(s)
of the Holding Company as well as to Dealer. Dealer represents to Seller and
agrees that the Holding Company is owned as indicated in the Holding Company
Addendum to this Agreement.

         (c) CHANGES IN OWNERSHIP. In view of the fact that this is a personal
services agreement and in view of its objectives and purposes, this Agreement
and the rights and privileges conferred on Dealer hereunder are not assignable,
transferable or salable by Dealer, and no property right or interest is or shall
be deemed to be sold, conveyed or transferred to Dealer under this Agreement.
Dealer agrees that any change in the ownership of Dealer specified herein
requires the prior written consent of Seller, excepting only changes in the
record or beneficial ownership interests of Other Owner(s) not effecting a
change in majority control or interest. Dealer shall give Seller prior notice of
any proposed change in said ownership requiring the consent of Seller and
immediate notice of the death or incapacity of any Principal Owner. No such
change and no assignment of this Agreement or of any right or interest herein,
shall be effective against Seller unless and until embodied in an appropriate
amendment to or assignment of this Agreement, as the case may be, duly executed
and delivered by Seller and by Dealer. Seller shall not, however, unreasonably
withhold its consent to any such change. Seller shall have no obligation to
transact business with any person who is not named either as a Principal Owner
or Executive Manager of Dealer hereunder or otherwise to give effect to any
proposed sale or transfer of the ownership or management of Dealer prior to
having concluded the evaluation of such a proposal as provided in Section 15 of
the Standard Provisions.

         ARTICLE FOURTH:  Management

         (a) EXECUTIVE MANAGER. Seller and Dealer agree that the retention by
Dealer of qualified management is of critical importance to the successful
operation of Dealer and to the achievement of the purposes and objectives of
this Agreement. This Agreement has been entered into by Seller in reliance upon,
and in consideration of, the personal qualifications, expertise, reputation,
integrity, experience, ability and representations with respect thereto of the
person named as Executive Manager in the Final Article of this Agreement and on
Dealer's representation to Seller and agreement that the person identified as
Executive Manager shall be Dealer's executive manager, shall have full
managerial authority for the Dealership Operations, and shall continually
provide his or her personal services in operating the dealership and will be
physically present at the Dealership Facilities.

         (b) CHANGES IN MANAGEMENT. In view of the fact that this is a personal
services Agreement and in view of its objectives and purposes, Dealer agrees
that any change in the Executive Manager from that specified in the Final
Article of this Agreement requires the prior written consent of Seller. Dealer
shall give Seller prior notice of any proposed change in Executive Manager and
immediate notice of the death or incapacity of any Executive Manager. No change
in Executive Manager shall be effective unless and until embodied in an
appropriate amendment to this Agreement duly executed and delivered by Seller
and by Dealer. Subject to the foregoing, Dealer shall make its own, independent
decisions concerning the hiring and firing of its employees including without
limitation, its Executive Manager.

         To enable Seller to evaluate and respond to Dealer concerning any
proposed change in Executive Manager, Dealer agrees to provide, in the form
requested by Seller and in a timely manner, all

<Page>

applications and information customarily requested by Seller to evaluate the
proposed change. While Seller shall not unreasonably withhold its consent to any
such change, it is agreed that any successor Executive Manager must possess
personal qualifications, expertise, reputation, integrity, experience and
ability which are, in the opinion of Seller, satisfactory. Seller will determine
whether, in its opinion, the proposed change is likely to result in a successful
dealership operation with capable management that will satisfactorily perform
Dealer's obligations under this Agreement. Seller shall have no obligation to
transact business with any person who is not named as an Executive Manager of
Dealer hereunder prior to having concluded its evaluation of such person.

         (c) EVALUATION OF MANAGEMENT. Dealer and Seller understand and
acknowledge that the personal qualifications, expertise, reputation, ability,
integrity, experience and ability of the Executive Manager and his or her
ability to effectively manage Dealer's day-to-day Dealership Operations is
critical to the success of Dealer in performing its obligations under this
Agreement. Seller may from time to time develop standards and/or procedures for
evaluating the performance of the Executive Manager and of Dealer's personnel
generally. Seller may, from time to time, evaluate the performance of the
Executive Manager and will advise Dealer and the Executive Manager of the
results of such evaluations, and Dealer shall promptly take such action as may
be required to correct any deficiencies in the Executive Manager's performance
to the reasonable satisfaction of Seller.

         ARTICLE FIFTH:  Additional Provisions

         The additional provisions set forth in the attached "Nissan Dealer
Sales and Service Agreement Standard Provisions," bearing form number
NDA-4S/9-88 are hereby incorporated in and made a part of this Agreement. The
Notice of Primary Market Area, Dealership Facilities Addendum, Product Addendum,
Dealer Identification Addendum, Holding Company Addendum, if applicable, and all
Guides referred to in this Agreement (including references contained in the
Standard Provisions referred to above) are hereby incorporated in and made a
part of this Agreement. Dealer further agrees to be bound by and comply with:
the Warranty Manual; Seller's Manuals or Instructions heretofore or hereafter
issued by Seller to Dealer; any amendment, revision or supplement to any of the
foregoing; and any other manuals heretofore or hereafter issued by Seller to
Dealer.

         ARTICLE SIXTH:  Termination of Prior Agreements

         This Agreement cancels, supersedes and annuls all prior contracts,
agreements and understandings except as stated herein, all negotiations,
representations and understandings being merged herein. No waiver, modification
or change of any of the terms of this Agreement or change or erasure of any
printed part of this Agreement or addition to it (except filling of blank spaces
and lines) will be valid or binding on Seller unless approved in writing by the
President or an authorized Vice-President of Seller.

         ARTICLE SEVENTH:  Term

         This Agreement shall have a term commencing on the effective date
hereof and continuing until terminated by either party in accordance with
Section 12 of the Standard Provisions.

         ARTICLE EIGHTH: License of Dealer

         If Dealer is required to secure or maintain a license for the conduct
of its business as contemplated by this Agreement in any state or jurisdiction
where any of its Dealership Operations are to be conducted or any of its
Dealership Facilities are located, this Agreement shall not be valid until and
unless Dealer shall have furnished Seller with written notice specifying the
date and number, if any, of such license or licenses issued to Dealer, Dealer
shall notify Seller immediately in writing if Dealer shall

<Page>

fail to secure or maintain any and all such licenses or renewal thereof or, if
such license or licenses are suspended or revoked, specifying the effective date
of any such suspension or revocation.

         ARTICLE NINTH:  Execution of Agreement

         This Agreement, and any Addendum or amendment or notice with respect
thereto, shall be valid and binding on Seller only when it bears the signature
of either the President or an authorized Vice-President of Seller and, when such
signature is a facsimile, the manual countersignature of an authorized employee
of Seller and a duplicate original thereof is delivered personally or by mail to
the main Dealership Location. This Agreement shall bind Dealer only when it is
signed by: a duly authorized officer or executive of Dealer if a corporation;
one of the general partners of Dealer if a partnership; or Dealer if an
individual.

         ARTICLE TENTH:  Special Conditions

      SEE ATTACHED PUBLIC OWNERSHIP AND HOLDING COMPANY ADDENDA, WHICH ARE
      INCORPORATED BY THIS REFERENCE INTO THIS AGREEMENT FOR ALL PURPOSES.

<Page>

Dealer PRECISION NISSAN, INC., is a(an) SELECT ONE) individual partnership [X]
corporation incorporated or formed under the laws of the State of Florida
doing business as D/B/A/ Courtesy Nissan of Tampa ("Dealer"). Dealer is
located in Tampa, FL.

The Principal Owner(s) of Dealer are as follows:

                                                               PERCENTAGE
NAME                                      RESIDENCE             INTEREST
----                                      ---------             --------
Jeffrey I. Wooley                      1000 Lindelaan              0%
                                       Tampa, FL 33618

The Other Owner(s) of Dealer are as follows:

                                                               PERCENTAGE
NAME                                       RESIDENCE            INTEREST
----                                       ---------            --------
Asbury Automotive Tampa, L.P.          9210 Adamo Drive           100%
                                        Tampa, FL 33619

The Executive Manager of Dealer is as follows:

                                                               PERCENTAGE
NAME                                        RESIDENCE           INTEREST
----                                        ---------           --------
Peter R. Hawley                          1783 Barn Own Way         0%
                                       Palm Harbor, FL 34683

IN WITNESS THEREOF, the parties hereto have executed this Agreement in
triplicate as of February 1st, 2000 at Carson, California.

DEALER:

PRECISION NISSAN, INC. D/B/A COURTESY NISSAN OF TAMPA

By  /s/ Jeffrey I. Wooley                            SELLER:
   --------------------------------------
     Jeffrey I. Wooley                               NISSAN DIVISION
     Title: Dealer Principal                         NISSAN NORTH AMERICA, INC.
            -----------------------------

EFFECTIVE DATE: 2-1-2000                             By /s/ J.E. Connelly
                                                       -------------------------
EXPIRATION DATE: 1-31-2005                                  J.E. Connelly
                                                     Title: Vice President and
                                                            General Manager

Working Capital Guide Requirement:  As per executed  By /s/ William O. Bosley
                                                       -------------------------
Net Worth Guide Requirement:        Business Plan.          William O. Bosley
New Vehicle Floor Plan:                              Title: Regional Vice
Form # NDA-4P/9-88                                   President, Southeast Region

<Page>

                        NISSAN PUBLIC OWNERSHIP ADDENDUM

         This Nissan Public Ownership Addendum (the "Addendum") is entered into
effective the date last set forth below by Nissan North America, Inc. ("Nissan"
or "Seller") and Precision Nissan, Inc. ("Dealer"). In consideration of the
agreements and mutual covenants set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

1.       THE PUBLIC OWNERSHIP ADDENDUM

The Public Ownership Addendum is an addendum to, supplements and modifies the
Nissan Dealer Sales and Service Agreement between Nissan and Dealer (the "Dealer
Agreement"), including the Standard Provisions thereto (the "Standard
Provisions"). To the extent that this Addendum conflicts with the Dealer
Agreement, the Addendum controls and shall govern the relationship between the
parties. The Dealer Agreement, to the extent not modified or amended, remains in
full force and effect.

2.       DEFINITIONS

The parties agree that the following terms, as used in the Addendum and the
Dealer Agreement shall be defined exclusively as set forth below.

"NISSAN PRODUCTS" shall mean Nissan Vehicles, Genuine Parts and Accessories,
Nissan Security+Plus and such other products and services offered by Nissan to
Dealer and designated in writing by Nissan as a Nissan Product.

"DEALER PRINCIPAL" shall mean the person named in the Final Article of the
Dealer Agreement as "Principal Owner" upon whose personal qualifications,
expertise, integrity, experience, ability and representations Nissan has relied
in entering into this Addendum, and any successor approved in writing by Nissan.
For purposes of this Addendum, the terms "Dealer Principal" and "Principal
Owner" are used interchangeably.

"BUSINESS PLAN" shall mean the written plan meeting Nissan's approval that is
prepared and executed by the Dealer and that contains Dealer's plan and
commitment to develop its business throughout the PMA, including but not limited
to, its plan and commitment with respect to organizational, operational,
financial, succession and other issues, as well as certain standards on which
its performance hereunder will be evaluated.

3.       OWNERSHIP

This Agreement has been entered into by Nissan in reliance upon the commitment,
representation, and agreement of Dealer to provide the personal services of
Dealer Principal and Executive Manager; and in reliance upon the representations
and agreements of Dealer as follows: i) Dealer represents that Asbury Automotive
Group, L.L.C. owns 51% of Asbury Automotive Tampa, L.P., and Asbury Automotive
Group, L.L.C. will, at all times during the term of this Addendum, exercise full
management and control of Asbury Automotive Tampa, L.P.; ii) Dealer represents
that Asbury Automotive Tampa, L.P. owns 100% of Dealer and will, at all times
during the term of this Addendum, exercise full management and control of
Dealer.

<Page>

In view of the fact that the Dealer Agreement and this Addendum is a personal
services agreement, and in view of its objectives and purposes, this Addendum
and the rights and privileges conferred on Dealer hereunder are not assignable,
transferable or salable; and no property right or interest herein is or shall be
deemed to be sold, conveyed or transferred. Dealer agrees, on behalf of itself,
Asbury Automotive Group, L.L.C., and Asbury Automotive Tampa, L.P., that any
change in the ownership of Dealer other than specified herein requires the prior
written consent of Nissan, if Dealer desires to remain an Authorized Nissan
Dealer. Dealer agrees that, without the prior written consent of Nissan, which
consent shall not be unreasonably withheld: i) No sale, pledge, hypothecation or
other transfer of any of the capital stock or ownership interest of Dealer or
Asbury Automotive Tampa, L.P. will be made. ii) Dealer or Asbury Automotive
Tampa, L.P. will not be merged with or into, or consolidated with, any other
entity without Nissan's prior written consent, nor will the principal assets
necessary for the performance of Dealer's obligations under this Addendum or the
Dealer Agreement be sold, transferred or assigned without Nissan's prior,
written consent. Dealer and Asbury Automotive Tampa, L.P. represent that no
ownership interest in Dealer or Asbury Automotive Tampa, L.P. will be
transferred by Dealer or Asbury Automotive Tampa, L.P. directly or indirectly to
any automobile manufacturer, automobile distributor, or potential competitor of
Seller, or any affiliate of any of the foregoing.

If any person or entity acquires more than 20% of Asbury Automotive Group,
L.L.C.'s common stock issued and outstanding at any time, and Nissan determines
that such person or entity does not have interests compatible with those of
Nissan, or is otherwise not qualified to have an ownership interest in a Nissan
dealership (an "Adverse Person"), Dealer must terminate the Dealer Agreement or
transfer Dealer's principal assets or 100% of the outstanding stock of Dealer to
a third party acceptable to Nissan unless, within 90 days after notification of
Nissan's determination, the Adverse Person's ownership interest is reduced to
less than 20%.

The parties to this Addendum expressly agree that, while changes in the
ownership of Asbury Automotive Group, L.L.C. and Asbury Automotive Tampa, L.P.
may not be entirely within the control of Dealer, in light of the personal
services nature of the Dealer Agreement and Nissan's substantial interest in the
owners of its dealers and distribution network, and in consideration of Nissan's
willingness to enter into this Public Ownership Addendum with Dealer, any
transaction involving the ownership and stock of Asbury Automotive Group, L.L.C.
and Asbury Automotive Tampa, L.P. which violates the provisions of this Section
3 of this Addendum shall constitute a substantial and material breach of the
Dealer Agreement and this Addendum and grounds for termination of the Dealer
Agreement and this Addendum. Subject to the other provisions of this addendum, a
change in the direct or indirect ownership of Asbury Automotive Tampa, L.P. that
does not violate the Agreement or this Addendum does not constitute grounds for
termination of the Dealer Agreement under Section 12.A.2. of the Standard
provisions to the Agreement.

4.       MANAGEMENT

The Dealer Agreement and this Addendum have been entered into in reliance on the
following representations and agreements of Dealer that: i) The Dealer Principal
of Dealer will, subject to any other obligations set forth in the Dealer
Agreement and this Addendum, devote his/her professional efforts to the business
operations of Dealer and the entity for which he/she is

<Page>

responsible; ii) Executive Manager will devote his full time and professional
efforts to the affairs of Dealer; iii) The Officers and Directors of Dealer are
set forth in Schedule "A".

Nissan and Dealer agree that the retention by Dealer of qualified management is
of critical importance to the successful operation of Dealer and to the
achievement of their mutual purposes and objectives. The Dealer Agreement and
Addendum have been entered into by Nissan in reliance upon, and in consideration
of, among other things, the following representations and agreements of Asbury
Automotive Group, L.L.C., Asbury Automotive Tampa, L.P. and Dealer, that: i) The
Dealer Principal and the Executive Manager shall have full and complete control
over the Dealership Operations, subject to the powers of the Board of Directors
of Dealer, to manage the business and affairs of Dealer, and at all times the
Dealer Principal shall be a member of the Board of Directors of Dealer and the
Executive Manager shall be an officer of Dealer; ii) The Board of Directors of
Dealer shall delegate the day to day management of the Dealership Operations to
the Executive Manager. The Board of Directors of Dealer will not exercise any
extraordinary powers or interfere unduly in the day-to-day Dealership
Operations; iii) Executive Manager, subject to any other obligations set forth
in the Dealer Agreement, shall be physically present at the Dealership
Facilities on a full-time basis; iv) Nissan may from time to time develop
standards and/or procedures for evaluating the performance of Dealer. Nissan
may, from time to time, evaluate the performance of the Dealer and will advise
Dealer, the Dealer Principal and the Executive Manager of the results of such
evaluations.

5.       TERM

This Addendum and the Dealer Agreement shall have a term commencing on its
effective date and continuing for a term of five years unless sooner terminated
in accordance with the provisions of the Dealer Agreement and this Addendum.
Should Dealer be in full compliance with its obligations under the Dealer
Agreement and this Addendum at the end of this term, Dealer will be offered a
new Dealer Agreement and Public Ownership Addendum, in the form then in use by
Nissan.

6.       BUSINESS PLAN

Dealer and Nissan shall periodically execute Business Planning Worksheets in the
form currently in use by Nissan that describes how Dealer will fulfill its
sales, service, customer relations, marketing and other commitments hereunder.
The Business Plan is subject to Nissan's approval, is an essential part of the
Public Ownership Addendum [or CMO Addendum] and is hereby incorporated in and
made a part of this Addendum.

The Business Plan shall include the following required components: i) a New
Vehicle Sales Plan; ii) Sales & Profit Forecast; iii) Dealer's Investment
Worksheet; iv) Succession Plans, including the identity of the proposed
successors to dealer, dealer principal (principal owner) and/or executive
manager; and v) any other standards or plans as agreed upon between Nissan and
Dealer. The standards on which Dealer's sales performance will be evaluated will
include (i) market share objectives for Nissan products set by the parties, and
(ii) sales penetration achieved by Dealer in each of the various segments in
which Nissan vehicles compete.

<Page>

In addition to the above required components, Nissan may request that additional
components be included in the Business Plan such as organization and management
structure and staffing, market area plan, goals, objectives, sources of capital,
and/or any other information deemed necessary by Nissan dependent upon the
circumstances of the Dealer.

Dealer shall review and update its Business Plan annually, or more often if
needed, and submit it to Nissan for review and approval. If Nissan determines
that changes to the proposed Business Plan are necessary, Dealer will make such
changes and resubmit the proposed Business Plan to Nissan. The updated business
plan shall (i) analyze Dealer's performance relative to the objectives,
standards, and plans set forth in the Business Plan for the preceding year or
other period, (ii) identify any deficiencies in Dealer's performance, and (iii)
specify the steps that Dealer will take to remedy such deficiencies.

If, based on the evaluation thereof made by Nissan, Dealer shall fail to
substantially fulfill its responsibilities with respect to: i) the
implementation of the plans set forth in the Business Plan, including but not
limited to any deviation therefrom; ii) the performance of its sales or other
obligations based on the standards established therefor in the Business Plan; or
iii) any other material responsibilities assumed by Dealer, Nissan will notify
Dealer of such failure and will review with Dealer the nature and extent of such
failure and the reasons which, in Nissan's opinion, account for such failure.
Thereafter, Nissan will provide Dealer with a reasonable opportunity to correct
the failure. If Dealer fails to make substantial progress towards remedying such
failure before the expiration of such period, Nissan may terminate the Dealer
Agreement, such termination to be effective at least sixty (60) days after
notice is given.

7.       OTHER DEALER RESPONSIBILITIES

         A. BRANDING AND BUSINESS NAME: Dealer shall actively and effectively
promote the "Nissan" name. Under no circumstances shall the name "Nissan" be
subordinated to or promoted less aggressively than any other name (e.g.
"Asbury") by Dealer.

         B. FINANCIAL AND OPERATIONAL REPORTING: Dealer shall furnish to Nissan
annual reviewed financial statements and, upon demand, shall furnish annual
certified financial statements, and otherwise disclose to Nissan in a format
satisfactory to Nissan the financial and operational results of Dealer's Nissan
business.

         C. EXAMINATION AND AUDIT: Nissan shall be entitled, at all reasonable
times during regular business hours and upon advance notice, to examine, audit
and make and take copies of all records, accounts and supporting data of Dealer,
ASBURY AUTOMOTIVE TAMPA, L.P. AND ASBURY AUTOMOTIVE GROUP, L.L.C. relating to
the business, ownership or operations of Dealer.

         D. DISCLOSURE OF FINANCIAL INFORMATION TO AFFILIATED COMPANIES: Nissan
shall be entitled to disclose to and receive from affiliated companies,
including but not limited to Nissan Motor Acceptance Corporation, all financial
statements and reports provided by Dealer, ASBURY AUTOMOTIVE TAMPA, L.P. and/or
ASBURY AUTOMOTIVE GROUP, L.L.C.

<Page>

8.       DISPUTE RESOLUTION PROCESS

         The parties acknowledge that, at the state and federal level, various
courts and agencies would, in the absence of this Paragraph 8, be available to
them to resolve claims or controversies which might arise between them. The
parties agree that it is inconsistent with their relationship for either to use
courts or governmental agencies to resolve such claims or controversies.

         THEREFORE, CONSISTENT WITH THE PROVISIONS OF THE UNITED STATES
ARBITRATION ACT (9 U.S.C. SEC. 1 ET SEQ.), THE PARTIES TO THIS AGREEMENT AGREE
THAT THE DISPUTE RESOLUTION PROCESS OUTLINED IN THIS SECTION, WHICH INCLUDES
MEDIATION AND BINDING ARBITRATION, SHALL BE THE EXCLUSIVE MECHANISM FOR
RESOLVING ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING IN ANY
WAY TO THIS AGREEMENT OR TO THE RELATIONSHIP BETWEEN THE PARTIES, INCLUDING BUT
NOT LIMITED TO CLAIMS UNDER ANY STATE OR FEDERAL STATUTES (HEREINAFTER
"DISPUTES"). SECTION 16 OF THE STANDARD PROVISIONS IS DELETED IN ITS ENTIRETY.

         There are two steps in the Dispute Resolution Process: Mediation and
Binding Arbitration. All Disputes must first be submitted to Mediation, unless
that step is waived by written agreement of the parties. Mediation is conducted
before an independent mediator. The parties will participate and present their
positions to each other and the mediator in an effort to resolve their
disagreement, pursuant to JAMS/Endispute program developed for use by Nissan and
Nissan authorized dealers.

         If a dispute has not been resolved after Mediation, or if Dealer and
Nissan have agreed in writing to waive Mediation, the Dispute will be settled by
Binding Arbitration. SPECIFICALLY, THE PARTIES AGREE TO RESOLVE ALL SUCH
DISPUTES BY BINDING ARBITRATION CONDUCTED IN ACCORDANCE WITH THE NISSAN
DEALER/DISTRIBUTOR RULES AND PROCEDURES OF JAMS/ENDISPUTE, WITH THE PREVAILING
PARTY TO RECOVER ITS COSTS AND ATTORNEY'S FEES FROM THE OTHER PARTY. ALL
ARBITRATION AWARDS ARE BINDING AND NONAPPEALABLE, EXCEPT AS OTHERWISE PROVIDED
IN THE UNITED STATES ARBITRATION ACT. JUDGMENT UPON ANY SUCH AWARD MAY BE
ENTERED AND ENFORCED IN ANY COURT HAVING JURISDICTION.

9.       RELEASE

Dealer hereby releases Nissan from any and all claims and causes of action that
they or any of them may have against Nissan for money damages or other relief
relating to or arising out of any event occurring prior to the execution of the
Addendum, except for any accounts payable by Nissan to Dealer in connection with
the provision of any services under the Dealer Agreement and any claim described
in Section 11.A.1 of the Standard Provisions. In connection with this release,
Dealer expressly acknowledges and waives their respective rights under
California Civil Code, Section 1542, which provides:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN ITS FAVOR AT THE TIME OF

<Page>

EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
SETTLEMENT WITH THE DEBTOR.

10.      EXCLUSIVITY AND RIGHT OF FIRST REFUSAL

         A. EXCLUSIVITY: The additional provisions set forth in Attachment "A" -
"Exclusivity Provisions" - are hereby incorporated in and made a part of this
Addendum and Dealer Agreement.

         B. RIGHT OF FIRST REFUSAL: The additional provisions set forth in
Attachment "B" - "Right of First Refusal" - are hereby incorporated in and made
a part of this Addendum and Dealer Agreement.

11.      SPECIAL CONDITIONS

<Page>

IN WITNESS WHEREOF, the parties have executed this Nissan Addendum in triplicate
as of 2-1-2000, at Carson, California.

DEALER:                                     NISSAN DIVISION
Precision Nissan, Inc.                      NISSAN NORTH AMERICA, INC.
D/B/A/ Courtesy Nissan of Tampa

By:  /s/ Jeffrey I. Wooley                  By: /s/ J.E. Connelly
     --------------------------------           --------------------------------
Name:    Jeffrey I. Wooley                  Name:  J.E. Connelly
Title:   Dealer Principal                   Title: Vice President
                                                   General Manager,
                                                   Nissan Division

                                            By: /s/ William O. Bosley
                                                --------------------------------
                                            Name:  William O. Bosley
                                            Title: Southeast Region
                                                   Regional Vice President

<Page>

                    HOLDING COMPANY ADDENDUM TO NISSAN DEALER
                           SALES AND SERVICE AGREEMENT

Pursuant to Article Third (b) of the Nissan Dealer Sales & Service Agreement
(the "Agreement") in effect between the Authorized Nissan Dealer named below and
Nissan North America, Inc. ("Seller"), Dealer represents and agrees the
following Principal Owner(s) of Dealer named in the Final Article of the
Agreement which is(are) a corporation, partnership, or other entity and not a
natural person, is(are) owned as follows:

--------------------------------------------------------------------------------

NAME OF OWNER: PRECISION NISSAN, INC. a Corporation, formed under the laws of
the State of Florida.

PRINCIPAL OWNER(S)/SETTLOR(S):
------------------------------

              NAME                          ADDRESS          PERCENTAGE INTEREST
              ----                          -------          -------------------
Precision Enterprises Tampa, Inc.   Three Landmark Square,            100%
                                             Suite 500
                                        Stamford, CT 06091
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

NAME OF OWNER: Precision Enterprises Tampa, Inc. a Corporation, formed under the
laws of the State of Florida.

PRINCIPAL OWNER(S)/SETTLOR(S):
------------------------------

              NAME                          ADDRESS          PERCENTAGE INTEREST
              ----                          -------          -------------------
Asbury Automotive Tampa, LP, Inc.     Three Landmark Square,          100%
                                           Suite 500
                                       Stamford, CT 06091
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

NAME OF OWNER: Asbury Automotive Tampa LP a Limited Partnership, formed under
the laws of the State of Delaware.

PRINCIPAL OWNER(S)/SETTLOR(S):
------------------------------

             NAME                           ADDRESS          PERCENTAGE INTEREST
             ----                           -------          -------------------
      Asbury Villanova II         Three Landmark Square,               99%
                                          Suite 500
                                    Stamford, CT 06091

Asbury Automotive Tampa GP, LLC   Three Landmark Square,                1%
                                          Suite 500
                                    Stamford, CT 06091
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

NAME OF OWNER: Asbury Automotive Tampa GP, LLC a Limited Liability Company,
formed under the laws of the State of Delaware.

PRINCIPAL OWNER(S)/SETTLOR(S):
------------------------------

       NAME                           ADDRESS                PERCENTAGE INTEREST
       ----                           -------                -------------------
Asbury Villanova II           Three Landmark Square,                  100%
                                    Suite 500
                                 Stamford, CT 06091
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

NAME OF OWNER: Asbury Villanova II a Limited Liability Company, formed under the
laws of the State of Delaware.

PRINCIPAL OWNER(S)/SETTLOR(S):
------------------------------

           NAME                         ADDRESS              PERCENTAGE INTEREST
           ----                         -------              -------------------
Asbury Automotive Group LLC      Three Landmark Square,               100%
                                      Suite 500
                                   Stamford, CT 06091
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<Page>

This Holding Company Addendum cancels and supersedes any previous Holding
Company Addendum between Dealer and Seller. This Holding Company Addendum is
effective as of August 31, 2000.

DEALER:                                         SELLER:
                                                NISSAN DIVISION
                PRECISION NISSAN, INC.          NISSAN NORTH AMERICA, INC.
-------------------------------------------
                         Name

Doing Business as Courtesy Nissan of Tampa

By:  /s/ Jeffrey I. Wooley                      By: /s/ W. J. Kirrane
     --------------------------------------        -----------------------------
     Jeffrey I. Wooley                             W.J. Kirrane
     Dealer Principal                              Vice President and
                                                   General Manager

     South Tampa                FL              By: /s/ Brad Bradshaw
-------------------------------------------        -----------------------------
     City                      State               Brad Bradshaw
                                                   Regional Vice President,
                                                   Southeast Region

                 2445
-------------------------------------------
              Dealer Code

           (FILE THIS ADDENDUM WITH CURRENT SALE & SERVICE AGREEMENT)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00030-of-00352.parquet"}]]