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Public groups' Q3 gross profit per vehicle rises; Asbury Automotive posted the largest percentage increase

Automotive News, 2022-12, Vol.97 (7067), p.34

COPYRIGHT 2022 Crain Communications, Inc. ;Copyright 2022 Crain Communications Inc. All Rights Reserved. ;ISSN: 0005-1551 ;EISSN: 1557-7686

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  • Title:
    Public groups' Q3 gross profit per vehicle rises; Asbury Automotive posted the largest percentage increase
  • Author: Howe, Gail Kachadourian
  • Subjects: Automobile dealers ; Automobiles ; Captive finance ; Company sales and earnings ; Corporate profits ; Earnings per share ; Industry sales and revenue ; Retail sales ; Retail stores ; Sales ; Statistical data ; Vehicles
  • Is Part Of: Automotive News, 2022-12, Vol.97 (7067), p.34
  • Description: AutoNation ranks No. 1 on the Automotive News list of the top 150 dealership groups based in the U.S. The Fort Lauderdale, Fla., company's retail sales of new vehicles totaled 262,403 last year. CEO Roger Penske responded in the third-quarter earnings call in October to an analyst's question on the Federal Trade Commission's proposed dealership compliance rule by saying he fully supports the elimination of unfair, deceptive practices. Penske Automotive ranks No. 3 on the Automotive News list of the top 150 dealership groups based in the U.S. The Bloomfield Hills, Mich., company's retail sales of new vehicles totaled 195,384 last year.
  • Publisher: Detroit: Crain Communications, Inc
  • Language: English
  • Identifier: ISSN: 0005-1551
    EISSN: 1557-7686
  • Source: AUTh Library subscriptions: ProQuest Central
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