Penske Automotive Group
Penske Automotive Group, Inc. is a diversified transportation services company primarily engaged in the retail of new and used motor vehicles through its extensive network of automotive and commercial truck dealerships. The company operates in four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It holds franchise agreements with numerous automotive manufacturers and distributors, offering a wide range of products and services, including vehicle repairs, financing, insurance products, and aftermarket services. Penske operates 317 retail automotive franchises, with a significant presence in the United States and international markets, including the United Kingdom and Australia. Its commercial truck segment features heavy and medium-duty truck dealerships, primarily selling Freightliner and Western Star brands, along with used trucks and related services. Additionally, Penske imports and distributes specialty vehicles and power systems. Headquartered in Bloomfield Hills, Michigan, the company has established itself as one of the largest automotive retailers in the U.S.
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