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Newswire

WRAPUP 2-Fuel-efficient vehicles boost US dealership profits  

Rising fuel prices typically hurt vehicle demand, but dealers sold more vehicles at higher prices during the quarter in contrast with previous times when gas prices spiked, AutoNation Inc, Penske Automotive Group and Lithia Motors Inc told analysts during conference calls on...
Apr. 25, 2012 | http://wardsauto.com/wrapup-2-fuel-efficient-vehicles-boost-us-dealership-profits
Newswire

WRAPUP 1-Strong U.S. auto sales boost dealer groups  

* AutoNation: Higher fuel prices spurred vehicle sales in Q1 * Dealership groups all report higher vehicle prices in Q1 * AutoNation shares down, Penske flat, Lithia up more than 6 pct By Deepa Seetharaman and Bernie Woodall DETROIT, April 25 (Reuters) - U.S. dealership groups...
Apr. 25, 2012 | http://wardsauto.com/wrapup-1-strong-us-auto-sales-boost-dealer-groups
Newswire

UPDATE 1-Penske Automotive boosted by sales in Britain  

April 25 (Reuters) - Penske Automotive, the No. 2 U.S. dealership group, reported a higher first-quarter profit on Wednesday helped by an 18 percent jump in retail sales of vehicles in the United States and Britain. Chief Executive Roger Penske said he was pleased...
Apr. 25, 2012 | http://wardsauto.com/update-1-penske-automotive-boosted-sales-britain
Article

Megadealers May Lead Customer-Experience ‘Revolution’

Another group with international operations is Penske Automotive Group, on the WardsAuto Megadealer 100 with total 2011 revenues of $11.5 billion. Publicly owned and led by the iconic auto industry mogul Roger S. Penske, the Penske network consists...
Apr. 24, 2012 | http://wardsauto.com/2012-megadealer/megadealers-may-lead-customer-experience-revolution
Newswire

UPDATE 3-Sonic shares fall 11 pct after earnings miss  

No. 1 U.S. auto dealer group AutoNation Inc's shares were down 1 percent, No. 2 Penske Automotive shares fell 3 percent, and No. 3 Group 1 Automotive shares were also down 3 percent. The wider S&P Index was off 1.3 percent. First-quarter total revenue for the Charlotte,...
Apr. 23, 2012 | http://wardsauto.com/update-3-sonic-shares-fall-11-pct-after-earnings-miss
Newswire

UPDATE 1-Sonic profit tops expectations, '12 outlook strong  

auto sales have recovered, dealer groups have benefited. AutoNation Inc, Penske Automotive Group Inc and Group 1 Automotive Inc saw similar fourth-quarter sales gains to the 12 percent increase that Sonic reported. Sonic's net income in the fourth quarter fell to $20.54 million, or...
Feb. 28, 2012 | http://wardsauto.com/update-1-sonic-profit-tops-expectations-12-outlook-strong
Newswire

UPDATE 1-Penske earnings beat; sales up 11 percent  

(Adds detail, background, CEO comment) Feb 15 (Reuters) - Penske Automotive Group, the second-biggest U.S.-based auto dealership group, posted higher-than-expected fourth-quarter earnings on Wednesday on an 11 percent sales rise. Chief Executive Officer Roger Penske...
Feb. 15, 2012 | http://wardsauto.com/update-1-penske-earnings-beat-sales-11-percent
Newswire

Penske earnings up on 11 pct sales rise  

DETROIT, Feb 15 (Reuters) - Penske Automotive Group, the second-biggest U.S.-based auto dealership group, posted better-than-expected earnings on Wednesday on an 11 percent sales rise. Income from continuing operations was 47 cents per share, compared to expectations of 40 cents per...
Feb. 15, 2012 | http://wardsauto.com/penske-earnings-11-pct-sales-rise
Newswire

UPDATE 2-Penkse profit beats Street, boosts dividend  

* Company boosts dividend to 9 cents per share * Profit margins, prices up on used and new cars (Adds estimates, executive quote, background) Nov 2 (Reuters) - Penske Automotive Group , the second-largest dealership group in the United States, nearly doubled its quarterly profit and...
Nov. 2, 2011 | http://wardsauto.com/update-2-penkse-profit-beats-street-boosts-dividend-0
Newswire

UPDATE 2-Penkse profit beats Street, boosts dividend  

* Company boosts dividend to 9 cents per share * Profit margins, prices up on used and new cars (Adds estimates, executive quote, background) Nov 2 (Reuters) - Penske Automotive Group , the second-largest dealership group in the United States, nearly doubled its quarterly profit and...
Nov. 2, 2011 | http://wardsauto.com/update-2-penkse-profit-beats-street-boosts-dividend-1
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