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Penske Auto Group

Operates automotive dealerships worldwide.

Headquarters:
2555 Telegraph Road
Bloomfield Hills, MI 48302
Employees: 16,000
CEO: Roger Penske
Stock Symbol: PAG

Website: http://www.penskeautomotive.com

Career Info

Penske Auto Group is the nation's second-largest publicly-held automotive retailer based on total revenue.

As of December 31, 2007, Penske owned and operated 170 franchises in the United States and 145 internationally. It offers a full range of more than 40 vehicle brands, with approximately 95% of revenues (six months ended September 30, 2007) generated from the combined sales of foreign brands and luxury brands such as BMW, Honda, Lexus, Mercedes and Toyota.

The company also generates additional revenue from the sale of used vehicles, repairs, fleet sales, finance and insurance.

Former race driver and racing team owner Roger Penske is the Chairman and CEO of Penske Auto Group. The company changed its name in 2007 from United Auto Group.

In 2007, the company reported revenues of $12.95 billion and net income of $127.7 million.

It sold 297,374 cars in 2007 which included 195,160 new vehicles and 102,214 used ones.

Updated May 3, 2008