Penske Acquires BMW Dealership

By Staff Writer December 15, 2021

 

Penske Automotive Group announced that it has acquired Erhard BMW of Bloomfield, located in Bloomfield Hills, Mich., representing the company’s 48th BMW dealership worldwide.

“This dealership has a strong legacy of serving BMW enthusiasts in the metro Detroit market for over 50 years,” President Rob Kurnick said. “We are thrilled to expand our presence and relationship with the BMW brand and welcome Erhard BMW of Bloomfield, the largest BMW dealership in Michigan, to the Penske team.”

The acquired dealership is expected to generate approximately $100 million in annualized revenue. Year-to-date, Penske Automotive Group has added approximately $1.2 billion in expected annualized revenue through the completion of retail automotive and commercial truck dealership acquisitions.

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Last modified on Wednesday, 15 December 2021 13:45