Auto Group Buys in Michigan

Penske has absorbed stores representing nearly $2B in revenue this year.

Penske to Acquire 15 U.K. Dealerships

Acquisition of Rybrook Group LTD includes dealerships representing BMW, MINI, Volvo, Land Rover and Porsche brands.

Publicly Traded Auto Groups Report Increased Supply

Incentive spending and discounts needed for some vehicles, they say.

Penske Auto Income Makes Q4 Record

Revenue also up for year. Q4 profit, meanwhile, falls due to market shifts.

New Study Tracks Auto Group's Responsiveness to Internet Leads

Napleton Auto Group topped the ranking, followed by Penske Automotive Group in the second spot, and Berkshire Hathaway Automotive in the third.

Penske Automotive Group Sees Q2 Income Hike

Penske Automotive Group reported a 10% rise in income to $375.9 million in the second quarter, its most profitable quarter ever.

Penske Automotive Group More Than Doubles Q1 Net Income

Penske Automotive Group first quarter net income sored from $183.1 million year over year to $369.5 million.

AutoNation, Sonic Set Records as Publics Grow PVR

All six of America’s big publicly traded dealership groups enjoyed year-over-year gains in F&I profit per vehicle retailed in Q3, led by record highs at AutoNation and Sonic Automotive.

AutoNation Nears $2,000 PVR as Big Groups Grow F&I

The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per copy and Lithia Motors’ segment-leading 11% improvement.

Penske’s Quarterly Income Hits Historic High