Tag: second quarter
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...
Penske Automotive Forecast a Profit in Q2
The coronavirus pandemic has taken a chunk out of sales across all auto retailers. The path back to profitability seems like a treacherous mountain...
Used-Car Prices to Reach New Record High
SANTA MONICA, Calif.— Car shoppers in the market for an affordable used vehicle may experience a bit of sticker shock when they head to the...
