Penske used-car business suffers in third quarter, hurt by low loaner supply
Image courtesy of Penske Automotive Group.
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Tuesday, Oct. 31, 2023, 02:29 PM
Alysha Webb, Correspondent
Like most dealership groups, Penske Automotive Group faced headwinds in its used-car business in the third quarter. “The new-vehicle market remains solid while used-vehicle supply and affordability remains challenging,” said CEO Roger Penske. But PAG is counting on an improving supply of loaner cars from the manufacturers to boost its used-vehicle supply going forward, he […]