Tag: Penske Automotive
Dealer groups show resilience in Q3 despite profitability pressures
Dealership groups across the U.S. broke multiple performance records in the third quarter, highlighting retail automotive's unanticipated resilience in the post-pandemic era.
Lithia & Driveway...
AutoNation exits bidding war for UK’s Pendragon
AutoNation on Tuesday rescinded its offer to purchase U.K.-based automotive retailer Pendragon, roughly three weeks after joining a bidding war composed of America's largest...
AutoNation starts bidding war for U.K.’s Pendragon
AutoNation is now looking to purchase the U.K.-based Pendragon automotive group, offering the company $544 million on Tuesday.
The move has kicked off a bidding...
Penske Automotive reveals record revenue and sliding profits in Q1
Penske Automotive published its first-quarter performance numbers on Wednesday April 26, revealing some disquieting financial results on top of record-breaking revenue.
According to the dealership...
Penske Automotive reports record Q3 revenue of $6.9 billion
Penske Automotive Group announced its third-quarter earnings on Wednesday, showing positive growth across almost all measurements.
The automotive and commercial truck retailer reported that revenue...
Penske Automotive quarterly results reach all-time record
In its financial results report on Wednesday, Penske Automotive Group, Inc. said it had reached record high numbers for the first quarter. The transportation...
Penske Automotive and Other Larger Dealer Groups Continue to Cut Jobs
When the COVID-19 pandemic struck the United States in full force mid-March, hundreds of thousands of dealership employees nationwide stayed at home to ride...
CBT Automotive Newscast: August 17, 2020
Today's Featured Interview:
CBT News Market Update: Zo Rahim, Cox Automotive & Jonas Moskowitz, LotLinx
On this week's episode of the CBT News Market Update, new...
Roger Penske Comments on Impact from Hurricanes
Penske Automotive Group, Inc., the second largest auto group in the U.S., today provided a preliminary estimate of the impact on its operations in Florida, Georgia, Texas and Puerto...
