Penske Automotive Group
| Public | |
| Traded as | NYSE: PAG |
| Industry | Automotive, Auto Dealerships, Vehicle Parts |
| Founded | 1990 |
| Founder |
Roger Penske Marshall Cogan Founder, United Auto Group |
| Headquarters | Bloomfield Hills, MI, USA |
Area served | USA, Germany, Mexico, Puerto Rico, United Kingdom |
Key people |
Roger Penske (Chairman of the Board) & (CEO) |
| Products | Automobiles |
| Services | Financial services, Repair |
| Revenue |
 US$ 10.713 billion (2010) |
 $ 240.9 million (2010) | |
|
$ 109.3 million (2010) | |
| Total assets |
$ 4069.8 million (2010) |
| Total equity |
$ 1045.8 million (2010) |
| Parent | Penske Corporation |
| Divisions | Sytner Group Limited |
| Subsidiaries | Smart USA Distributor LLC |
| Website | PenskeAutomotive.com |
Penske Automotive Group, headquartered in Bloomfield Hills, Michigan, is the world's second largest automotive dealership group.
PAG operates 327 retail automotive franchises, representing 42 different brands, and 26 collision repair centers. PAG is a member of the Fortune 500 and Russell 2000, and has approximately 15,000 employees, PAG has 172 franchises in 19 U.S. states, selling new and previously owned vehicles, finance, insurance products, replacement parts, and offers maintenance and repair services on all brands it represents. Outside the United States it has 155 franchises operating in Puerto Rico, Germany and the United Kingdom via the Sytner Group.
History
Penske Automotive was originally founded as United Automotive Group, in 1990 and was acquired by Penske Corporation and Roger Penske in May 1999. On July 2, 2007 United Automotive Group changed its corporate name to Penske Automotive Group, Inc; and changed its ticker symbol on the NYSE to PAG.[1]
See also
- Sytner Group operations in the United Kingdom
- Penske Corporation
Further reading
- Plunkett, Jack W. (2005). Plunkett's Retail Industry Almanac 2006. Plunkett Research Ltd. p. 10. ISBN 1-59392-055-5.
- Fortune 500: United Auto Group, CNN, April 17, 2006.