-
Recent Posts
- Audi of America Q2 2026 Sales Drop 17%
- Loss Making Survival Diet – VW Group Efficiency Quest
- Milestones – Honda Transmission Plant-Ohio 30th Anniversary
- Auto Lending – BMW i Ventures Takes Piece of KredosAi
- War Crimes – Trumpoline Prices Rising!
- Manheim Used Vehicle Value Index – Affordability Lurks?
- Honda Recalls ~326,000 Odysseys for Bad Rearview Cameras
- Regulatory Reform! CPSC Starts Mandatory eFiling for Imports
- Toyota – $3.6B Expansion at San Antonio Plant
- Ford and Lincoln Recalls For Bad Pedestrian Backup Warnings
- Ford Leads All Manufacturers in NHTSA Recalls
- CARB Adds $70M of Funding for Clean Off-Road Equipment
- Goodyear Blimp Returns to NYC for the Fourth of July
- BMW iX5 Electric Vehicle Debuts in Spartanburg SC
- Volvo Cars Q2 2026 Sales Drop ~6%
Recent Comments
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
Archives
Meta
Get intelligent commentary on the automobile business and its economic and social effects. Stay informed with AutoInformed.
Penske Automotive Group Q3 2024 Net Income Drops
“I am pleased with our financial performance during the third quarter, despite the impact from the stop sale of certain vehicles and the residual impact from the CDK Cyber Security incident. New and used retail automotive gross profit per unit remained strong, retail automotive service and parts performed at record levels, the retail commercial truck business performed well, selling, general, and administrative expenses remained well controlled, and the equity income from Penske Transportation Solutions increased 14% sequentially despite continued freight challenges,” said Chair and CEO Roger Penske. Continue reading →