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Penske’s Customer-Pay Revenue Grew Nearly 7% In Q4

The Penske Automotive Group saw its service and parts revenue grow 9.2 percent to $363.53 million in fourth quarter of 2012. Same-store service and parts revenue increased 3.2 percent to $341.37 million. Customer-pay revenue was up nearly 7 percent in the quarter. Service and parts gross margin improved 110 basis points to 58.8 percent over the final three months of 2012.

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