Penske Automotive Group

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Penske Automotive Group, Inc.
Type Public
Traded as NYSEPAG
Industry Automotive, Auto Dealerships, Vehicle Parts
Founded 1990
Founder(s) 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 Decrease US$ 10.713 billion (2010)
Operating income Increase $ 240.9 million (2010)
Net income Increase $ 109.3 million (2010)
Total assets Increase $ 4069.8 million (2010)
Total equity Increase $ 1045.8 million (2010)
Parent Penske Corporation
Divisions Sytner Group Limited
Subsidiaries Smart USA Distributor LLC
Saturn Corporation (Failed Owner)
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[edit]

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]

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