5. Penske Automotive 2013 Performance Could Blow Your Mind

Speed Read

As one would have expect­ed, Penske Auto­mo­tive report­ed record 4th Quar­ter and full-year 2013.

Rev­enue increased 15% to $3.9B in 4th Quar­ter and $14.B over­all for 2013.

Drill-Down Details:

  • Total Retail Unit Sales increased 11.4% to 90,622
  • Aver­age Trans­ac­tion Price Per Unit New $40,025; +3.6%
  • Aver­age Trans­ac­tion Price for Used Cars — $26,474; +3.5%
  • Aver­age Gross Prof­it New $3,203, +$35/unit; Gross Mar­gin 8.0%
  • Same-store Retail Rev­enue Increas­es were 10.9% for 2013
  • Income from Con­tin­u­ing Oper­a­tions Increas­es 19.3% to $61.7 M
  • Income from Con­tin­u­ing Oper­a­tions Increas­es 20.5% to $249.6 M
  • Com­pa­ny employ­ees 18,000 peo­ple world­wide

Sourced from Penske Release; See more at www.penskeautomotive.com

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