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Penske Automotive and Other Larger Dealer Groups Continue to Cut Jobs

When the COVID-19 pandemic struck the United States in full force mid-March, hundreds of thousands of dealership employees nationwide stayed at home to ride...

Penske Automotive Forecast a Profit in Q2

The coronavirus pandemic has taken a chunk out of sales across all auto retailers. The path back to profitability seems like a treacherous mountain...

Used-Car Prices to Reach New Record High

SANTA MONICA, Calif.— Car shoppers in the market for an affordable used vehicle may experience a bit of sticker shock when they head to the...