The Latest Breaking News from Penske Automotive Group Inc

Technological advancements and rising demand is expected to boost the automotive industry. Therefore, investors could benefit from fundamentally strong auto dealer stocks Copart (CPRT), Penske Automotive Group (PAG), and Rush Enterprises (RUSHA). These stocks have been performing well despite the macro headwinds. Keep reading.

Irrespective of macroeconomic headwinds, auto demand looks robust. Moreover, consumers are willing to pay more for used cars. Therefore, quality auto stocks Penske Automotive (PAG), AutoNation (AN), and Group 1 Automotive (GPI) could be ideal trading options. Keep reading….

Despite rising interest rates on auto loans and low supply, strong demand should keep the industry afloat even if the economy slips into a recession. Moreover, the integration of advanced technologies is expected to drive the industry’s long-term growth. Given the favorable prospects of the industry, fundamentally sound auto stocks…

Penske Automotive Group Inc (NYSE:PAG) has acquired Terry Lee Hyundai and Genesis of Noblesville in Indiana, expanding its presence in the Indianapolis metropolitan market. The financial terms were not disclosed. The company expects the acquisition to generate annualized revenue of $80 million.  The addition of the Hyundai Motor Co., Ltd. (OTC:HYMTF) and Genesis dealerships brings…