Penske Automotive Group (NYSE: PAG) — Company Overview, News & Financial Data
Penske Automotive Group is a diversified transportation services company operating in retail automotive and commercial truck sectors globally.
Penske Automotive Group
Penske Automotive Group is a diversified international transportation services company and retailer of automotive and commercial vehicles. Headquartered in Bloomfield Hills, Michigan, the company operates retail automotive dealerships principally across the United States, the United Kingdom, Canada, Germany, and Italy. It is a major retailer of commercial trucks in North America, primarily representing the Freightliner brand. Additionally, the company distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services across Australia and New Zealand, while maintaining an equity investment in commercial fleet management and logistics operations.
Snapshot
Operations
Products and/or services of Penske Automotive Group
- Retail Automotive Dealerships: Operation of franchised retail automotive dealerships selling new and used vehicles, alongside finance and insurance products. Facilities span key markets across the United States, United Kingdom, Canada, Germany, and Italy, generating primary corporate revenues.
- Retail Commercial Truck Dealerships: Distribution and dealership retail of new and medium-to-heavy commercial trucks, alongside parts sales and vehicle service. Operations encompass extensive dealership networks providing specialized commercial fleet support across locations throughout North America.
- Commercial Vehicle and Power Systems Distribution: Importation, wholesale distribution, and retail servicing of commercial vehicles, industrial diesel and gas engines, power generation systems, and OEM replacement parts across commercial, marine, and industrial markets in Australia and New Zealand.
- Used Vehicle Retail Centers: Standalone retail centers dedicated exclusively to used passenger vehicle sales, customer financing, and vehicle reconditioning services. Facilities operate across regional markets in the United Kingdom and North America to serve pre-owned vehicle buyers.
- Aftersales and Maintenance Services: Provision of routine maintenance, mechanical repair services, body shop collision repair, warranty work, and sales of original equipment parts across dealership networks to support long-term vehicle operation and maintain customer retention.
- Commercial Fleet Leasing and Logistics Solutions: Operation of fleet management, commercial truck leasing, rental, contract maintenance, and supply chain logistics solutions. Operations encompass over 396,000 vehicles under management across comprehensive logistics networks throughout North America.
Penske Automotive Group executive team
- Mr. Roger S. Penske Sr.Chairman & CEO
- Mr. Robert H. Kurnick Jr.President & Director
- Ms. Michelle HulgraveExecutive VP & CFO
- Mr. Shane M. SpradlinExecutive VP, General Counsel & Secretary
- Mr. Claude H. Denker IIIExecutive Vice President of Human Resources
- Mr. Richard A. HookExecutive VP & Chief Information Officer
- Mr. Anthony R. PordonExecutive Vice President of Investor Relations & Corporate Development
- Ms. Tracy CassadyExecutive VP & Chief Marketing Officer
- Mr. George W. BrochickExecutive Vice President of Strategic Development
- Mr. Bernie WolfeExecutive Vice President of Western Region U.S Operations