Bentley Scottsdale
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Penske Automotive Group, Inc. (PAG) is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. Headquartered in Bloomfield Hills, Michigan, PAG operates dealerships in several countries.
Locations
- United States
- United Kingdom
- Canada
- Germany
- Italy
- Japan
- Phoenix, AZ, USA
The company is also one of the largest retailers of commercial trucks in North America for Freightliner.
In addition to retail automotive operations, PAG distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services, mainly in Australia and New Zealand.
PAG employs over 28,900 people worldwide and is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes.
Key Segments
- Retail Automotive: PAG operates a vast network of dealerships offering new and used vehicles, including luxury and performance brands. Notable brands include Audi, BMW, Mercedes-Benz, and Porsche. Services include vehicle sales, financing, maintenance, and repairs.
- Commercial Vehicle Retail: As a leading retailer for Freightliner commercial trucks in North America, PAG offers sales, service, and parts for commercial vehicles tailored to business needs.
- Distribution and Retail of Power Systems: PAG provides commercial vehicles, diesel and gas engines, power systems, and related services primarily in Australia and New Zealand, focusing on high-quality power solutions.
PAG owns a 28.9% stake in Penske Transportation Solutions (PTS), which manages one of the largest and most modern trucking fleets in North America with over 431,000 trucks, tractors, and trailers under lease, rental, and maintenance contracts.
PTS delivers innovative transportation, supply chain, and technology solutions to its customers.
Recent Developments
PAG has expanded its retail automotive presence in Australia by acquiring two Porsche dealerships and a Ducati motorcycle dealership in Melbourne. This move demonstrates its commitment to growth and strengthening its global footprint.
Summary
Overall, Penske Automotive Group offers a comprehensive suite of products and services designed to meet diverse customer needs, from individual buyers to large commercial clients. Its global operations and strategic partnerships establish it as a leader in the transportation services industry.