Penske Automotive net income falls 14% in Q3

Exterior of a Penske Automotive Group Audi dealership. — Penske Automotive's third-quarter net income dipped from a year earlier. (AUTOMOTIVE NEWS FILE PHOTO)

October 29, 2024 11:02 AM

Penske Automotive Group Inc.’s net income dropped 14 percent in the third quarter amid higher floorplan interest expense and lower income from Penske Transportation Solutions.

Featured Stories

Vehicles, certain auto parts are exempt from reciprocal tariffs, White House says

VW plans import fee on window sticker as tariffs loom, halts vehicle shipments via rail from Mexico to U.S., memo says

Elon Musk will stay until he completes DOGE mission, White House says, dismissing earlier report

Amazon’s used-vehicle interest could threaten listings companies

Latest News

Hyundai 2nd-gen Nexo hydrogen fuel cell crossover gets big boost in power, range, styling

Hyundai Ioniq 6 EV gets even sleeker with refresh; sporty N Line added

Live updates on tariffs: Autos not part of reciprocal duties

Trump keeps Canadian auto in tariff crosshairs, despite announcing no other duties

Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Amazon’s used-vehicle interest could threaten listings companies

Toyota dealerships change hands in Ontario, B.C.

Dealership burglary suspect calls police for help after injuring himself on glass

Classic car importers, parts dealers engulfed in tariff confusion

Staying current is easy with newsletters delivered straight to your inbox.