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Penske Q3 Used Volume Grows While Sales Profits Declined

2014-10-31 16:40:58| AutomotiveDigest.com - Automotive Industry News

Penske Automotive Group Inc. reported that its revenue increased to $4.4 billion in the third quarter, driven in large part by higher used-car sales while gross profit on those sales declined. The average transaction price for used units increased by 8.2 percent to $27,299, while the average gross profit per used unit declined by $69 to $1,800. The Article Penske Q3 Used Volume Grows While Sales Profits Declined appeared first on Automotive Digest.

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