Quarterlytics / Consumer Cyclical / Auto - Dealerships / Paragon Banking Group

Paragon Banking Group

PAG · LSE Consumer Cyclical
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Ticker PAG
Exchange LSE
Sector Consumer Cyclical
Industry Auto - Dealerships
Employees 1001-5000

Business description

Penske Automotive Group - An Overview of Diversified Transportation Company Penske Automotive Group, Inc. is a well-established transportation services company that runs commercial truck dealerships and automotive hubs across the globe. Four segments make up the company: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. The company operates its dealerships under franchise agreements with leading automotive manufacturers and distributors, offering a variety of new and used motor vehicles, maintenance and repair services. Penske Automotive Group is also heavily involved in the sales and placement of third-party finance and insurance products, third-party extended service and maintenance contracts, replacement and aftermarket automotive products, collision repair services, and wholesale of parts. In addition, the firm imports and distributes Western Star heavy-duty trucks, MAN heavy and medium duty trucks and buses, and Dennis Eagle refuse collection vehicles. Notably, Penske Automotive Group imports and distributes diesel and gas engines, and power systems in addition to operating a heavy and medium-duty truck dealership that offers Freightliner and Western Star branded trucks and a range of used trucks. Incorporated in 1990 and headquartered in Bloomfield Hills, Michigan, Penske has grown to become a leading transportation services provider, offering a range of automotive products and services to an international client base.

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Company facts
TickerPAG
ExchangeLSE
Employees1001-5000