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Penske’s Parts & Service Revenue Up 10.2% In Q4

The Penske Automotive Group (Bloomfield Hills, MI) saw its parts and service revenue climb 10.2 percent to $399.80 million in the fourth quarter of 2013. Same-store parts and service revenue rose 8.8 percent. Customer-pay revenue increased 7.9 percent, while warranty was up 12.4 percent and body shop revenue was up 6.7 percent.

Penske is the second largest automotive retailer headquartered in the United States as measured by total revenue. As of Dec. 31, 2013, the company operated 324 automotive retail franchises — 176 franchises in the United States and 148 overseas, primarily in the United Kingdom.

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