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Penske Sees Used Sales Go Up and Profits Decline

2015-04-30 02:19:50| AutomotiveDigest.com - Automotive Industry News

Penske Automotive Group says that it had higher used-car sales in the first quarter of this year, but lower gross margins. Year-over-year, used vehicle sales through its franchise dealer chain increased by 6.7% to 48,057 vehicles sold; and same-store used retail revenue increased by 5.56%. The average gross profit per used unit declined to $1,758 from $1,922 in the first quarter of 2014. The Article Penske Sees Used Sales Go Up and Profits Decline appeared first on Automotive Digest.

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