Auto Group Buys in Michigan
Penske has absorbed stores representing nearly $2B in revenue this year.
Bill Brown Ford was named the top-selling dealer for the brand last year.
Pexels/Julissa Helmuth
Penske Automotive Group, one of the top dealership groups in the U.S., picked up a Michigan Ford store, expanding its Midwest presence.
Bill Brown Ford in Livonia in the southeastern part of the state was recognized last year as the best-selling Ford dealership in the world. Penske says it serves Michigan’s most populous county.
In announcing the acquisition, the auto group said the store adds an estimated $550 million in annual revenue. It said Penske’s total dealership purchases so far this year bring it almost $2 billion in added annual sales.
“For decades, Bill Brown Ford has been building partnerships within its community by creating an environment that focuses on exceeding the expectations of its customers and empowering its employees,” said Rich Shearing, Penske North American operations officer in a press release.
“We look forward to cultivating those partnerships and welcome the employees of Bill Brown Ford to the Penske Automotive Group team."
LEARN MORE: Public Auto Groups Post Strong Year
More Industry
Kentucky Store Leaves Family
An auto group stretched across three states picked up the Lexington-area Ford fixture as its second store for the brand in the state.
Read More →
U.S. Auto Brands Falling Behind
Asian auto brands are outpacing U.S. brands in stateside new-vehicle sales. Learn more in this week's Dealer Debrief with Lauren!
Read More →
U.S. EV Market Update | Dealer Debrief
The U.S. electric vehicle market is slowly recovering from the loss of the federal EV tax credit last fall. Learn more in this week's Dealer Debrief!
Read More →
Auto Finance Numbers Set Records
Third-quarter data show how consumers are adapting to ongoing affordability challenges facing the new- and-used-vehicle markets.
Read More →
Auto Dealerships Can’t Afford to Ignore the 50+ Consumer
Younger generations may be all the buzz today when it comes to product marketing targets, but their older cohorts command a sizable share of purchasing power.
Read More →
Savings Seekers Boost U.S. Automakers’ Rivals
As consumers here look for ways to curb inflation’s affect on their budgets, brands offering plenty of alternative powertrains are closing in on home-grown OEMs.
Read More →
The Slow Electric Ascent
Second-quarter data show that the electric-vehicle market in the U.S. is inching up, the majority of states seeing a month-over-month increase.
Read More →
Safer Rides & Cyberattacks
Vehicle crash testing is getting a virtual boost, but auto dealerships are facing increased cyberattacks. Learn more in this week's Dealer Debrief!
Read More →
Affordability Angst | Dealer Debrief
August saw little relief for car buyers, whether they were shopping new or used. Take a look at the month's breakdown in this week's Dealer Debrief!
Read More →
Virtual Crash Testing in the Works
A company's platform works alongside physical crash testing to gather insights into occupant response and injury mechanisms, with the idea of helping automakers develop safer vehicles.
Read More →