What are Penske Automotive Group Inc's Business Segments?
Penske Automotive Group Inc is a leading automotive retail and services company with a diverse range of segments, products, and services. The company operates in North America, Western Europe, and Australia, and is known for its commitment to customer satisfaction, quality products, and exceptional services.
Segments:
1. Automotive Dealerships: This segment includes the sale of new and used vehicles, parts, and aftermarket services for a wide range of car brands. Penske Automotive Group Inc operates over 300 dealerships in the US, UK, and Germany, and offers a variety of vehicle types including passenger cars, trucks, SUVs, and luxury cars.
2. Commercial Trucks: This segment includes the sale of commercial vehicles for businesses and fleet management services. Penske Automotive Group Inc operates over 70 commercial truck dealerships in North America and provides services such as financing, leasing, rental, and maintenance.
3. Used Vehicle Supercenters: This segment provides a unique shopping experience for customers looking for quality used vehicles. Penske Automotive Group Inc operates a network of 20 Used Vehicle Supercenters in the US, offering a wide range of makes and models in a hassle-free, customer-focused environment.
4. Car Rental: This segment includes the rental of cars and trucks through the company's subsidiary, Hertz. Penske Automotive Group Inc operates Hertz rental locations in the US, Australia, and New Zealand, offering a variety of rental options including daily, weekly, and monthly rentals.
Products:
1. New and Used Vehicles: Penske Automotive Group Inc offers a wide range of new and used vehicles from various car brands, including Audi, BMW, Honda, Porsche, Toyota, and many more.
2. Commercial Vehicles: Penske Automotive Group Inc provides a wide selection of commercial trucks, including light-duty and heavy-duty models, for businesses to use for transportation and logistics.
3. Aftermarket Products and Services: Penske Automotive Group Inc offers a range of aftermarket products and services, including parts, accessories, and upgrades, for customers to customize and enhance their vehicles.
4. Car Rental: Penske Automotive Group Inc offers car rental services through its Hertz subsidiary, providing customers with a variety of makes and models to rent for personal or business use.
Services:
1. Financing and Leasing: Penske Automotive Group Inc provides financing and leasing options for customers looking to purchase new or used vehicles, commercial trucks, or rent a car.
2. Maintenance and Repair Services: Penske Automotive Group Inc operates a network of service centers for customers to bring their vehicles for routine maintenance, repairs, and upgrades.
3. Fleet Management: Penske Automotive Group Inc provides fleet management services for businesses looking to manage their commercial vehicles more efficiently, including maintenance, fuel management, and tracking.
4. Insurance Services: Penske Automotive Group Inc offers a variety of insurance options for customers to protect their vehicles, including extended warranties, gap insurance, and general liability insurance.
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