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What does ASP stand for?
I feel like I’ve seen this acronym everywhere, but I can’t figure out what it means. What does ASP stand for when it relates to cars?
Melanie Mergen · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The answer to this one’s a little tricky. In the automotive world, what ASP stands for depends on what context it’s being used in.
Just to name a few examples, ASP could refer to a vehicle’s average selling price, an automotive service provider, or even alternate side parking for cities with certain parking ordinances.
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