# Penske Automotive Group

Penske Automotive Group is an other based in Bloomfield Hills, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Bloomfield Hills, United States
- **Region:** North America
- **Address:** Bloomfield Hills, MI, United States
- **Founded:** 1969
- **Assets under management:** Undisclosed
- **Website:** www.penskeautomotive.com
- **LinkedIn:** https://www.linkedin.com/company/penskeautomotive

## Regulatory record

- **Reports private funds:** No

## About

Penske Automotive Group is an international company that operates automotive and commercial truck retailers. It operates dealerships offering new and used vehicles, including electric and hybrid options, and provides vehicle service and maintenance. The company was founded in 1990 and is based in Bloomfield Hills, Michigan.

## Sectors

- Automotive
- Retail

## Offices

- Chicago, IL
- Wichita, KS

## People

- Roger S. Penske — Founder and Chairman
- Shelley Hulgrave — Chief Financial Officer

## Questions

### Who controls Penske Automotive Group after going public?

The firm is publicly traded on the NYSE under the symbol PAG, but the Penske family retains significant influence through a controlling stake held by Penske Corporation. Founder Roger Penske continues to serve as Chairman (per public filings, 2024).

### What investment strategy does Penske Automotive Group employ?

The company pursues a growth-through-acquisition strategy focused on premium and luxury automotive dealerships in North America and Europe. It targets brands like Mercedes-Benz, BMW, Audi, and Porsche, and also operates a commercial truck distribution business. Capital is allocated via corporate M&A rather than fund commitments.

### What geographies does Penske Automotive Group cover?

As of 2024, the firm operates approximately 350 dealerships across the U.S., Canada, and the U.K. The U.K. operations are concentrated in premium and luxury brands in the London area and select other markets (per corporate filings).

### How is Penske Automotive Group related to Penske Truck Leasing?

Penske Automotive Group operates a commercial truck distribution business under the Penske Truck Leasing name, but Penske Truck Leasing as a fleet management and logistics company is a separate entity co-owned by Penske Corporation, GE Capital, and Mitsui. The automotive group's truck segment distributes commercial vehicles rather than managing the leasing fleet.

### What financial transparency does Penske Automotive Group provide?

As a public company, Penske Automotive Group files quarterly and annual reports with the SEC, disclosing revenue, net income, segment performance, and dealership count. In its 2023 annual report, the firm reported about $29.5B in total revenue. However, it does not report AUM or investable assets in a family-office sense.

### Has the firm made any notable acquisitions recently?

Yes — in 2024, the company acquired Crevier BMW and Crevier MINI in Santa Ana, California (per Automotive News, 2024). The acquisition expanded its Southern California footprint in the luxury segment.

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Last updated: 2026-06-03T20:00:00.000Z

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