Penske Automotive Group: Record Q2 Earnings of $500 Million

Penske Automotive Group Global Retail Revenue by Brand – Courtesy PAG

Ken Zino of AutoInformed.com on Penske Automotive Group Posts Record Q2 Earnings of $500 Million

“I am pleased to report that our diversified business delivered all-time record quarterly earnings for the second quarter of 2022, including a sequential improvement in earnings before taxes, income from continuing operations, and earnings per share when compared to the first quarter of 2022. Despite the supply constraints that continue to impact inventory availability, demand remains strong, and we continue to benefit from the diversification of our operations,” said Chair and CEO Roger Penske

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