Penske Reports Strong Used Performance

By Staff Writer July 26, 2018

Penske Automotive Group Inc. reported strong used-car results in the second quarter.

Penske reported that used unit retail sales increased 3.1 percent.

Same-store average gross profit per used unit was $1,574, an increase of $151 per unit. Gross margin was 5.8 percent, an increase of 10 basis points.

Same-store retail used revenue rose by 11.7 percent.

Last modified on Thursday, 26 July 2018 23:29

Please publish modules in offcanvas position.