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Franklin McLarty quoted in Automotive News

Jamie Lareau of Automotive news recently talked with Franklin McLarty, CEO of RML Automotive, on how large groups can take advantage of its cost of capital.

RML Automotive, formerly called RLJ McLarty Landers Automotive, grew to 24 stores from two in 10 years, says Franklin McLarty, CEO of the Little Rock, Ark., dealership group.

It sells about 35,000 to 40,000 new and used cars a year and earns about $1.4 billion annually in revenue, he says.

"We have a general counsel and a vice president of human resources, a CFO and a COO," McLarty said. "We do…

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