Penske Automotive

Penske Automotive Group operates 294 retail automotive franchises, representing 40 different brands and 27 collision repair centers. It sells new and previously owned vehicles at 171 franchises in 19 states and Puerto Rico and 123 franchises located outside the United States, primarily in the United Kingdom. Penske Automotive is a member of the Fortune 500 and Russell 2000 and has approximately 14,000 employees. It is the second largest publicly traded automotive retailer in the United States as measured by total revenue. Approximately 86 percent of its revenues come from the combined sales of foreign brands and luxury brands such as BMW, Honda, Lexus, Mercedes and Toyota. In addition to selling vehicles, Penske Automotive Group generates dealership revenue through the sale of higher-margin products, such as finance, insurance and vehicle service contracts, maintenance repair services, replacement parts and aftermarket automotive products. The company s headquarters is in Bloomfield Hills, Mich.