PAG
Penske Automotive GroupยทNYSE
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PAG Profile
Penske Automotive Group, Inc.
A diversified international transportation services company and one of the world's premier automotive and commercial trucks retailers
Franchise retail
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10/22/1996
New York Stock Exchange
28,900
12-31
Common stock
2555 Telegraph Road , Bloomfield Hills, Michigan 48302-0954
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Penske Automotive Group, Inc., is the second largest automotive retailer headquartered in the United States, with its main foreign market in the United Kingdom. Based on the manufacturer company offers about 40 car brands, 70% are high-end brands such as Audi, BMW, Mercedes-Benz and Porsche. Each company's dealers offer a wide selection of new and used cars. The company generates profit margins through maintenance and repair services. Products with higher profit margins per dealer are: third-party financial and insurance products, third-party extended service contracts and replacement aftermarket automotive product sales and placement. The company was founded in Delaware and began agency operations in October 1992.
