Roger Penske, the founder of Penske Automotive Group, was a successful race car driver. After winning five races in 1964 he started working as the manager of a Chevrolet dealership. The next year, he retired from racing and bought the dealership. 
By the end of the 1960’s the dealership began to generate profit and the company used it for acquisitions. The company was founded as United Automotive Group in 1990 and was acquired by Penske Corporation in May 1999. On July 2, 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc.
By 1971 Penske had dealerships in Philadelphia and Allentown, Pennsylvania, and in Detroit.
The company operates through four segments: retail automotive, retail commercial truck, and non-automotive Investments. Penske operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand. The company engages in the sale of new and used motor vehicles of approximately 40 brands; and provision of vehicle services and collision repair service. 
Penske had sales of $254 million in 1981, and after explosive growth in the following years reached $2 billion in sales in 1988.
Today Penske Automotive Group (PAG) is the United States’ #2 publicly traded auto dealer after AutoNation. The company has 170 franchises in the United States and a further 160 international locations, principally in the U.K.
The company sells 40 car brands including Audi, BMW, Chevrolet, Land Rover, Mercedes Benz, and Honda.
Penske Automotive Group trades publicly on the New York Stock Exchange under the ticker symbol PAG, is #245 in the Fortune 500, has 18,000 employees, and had $17.20 billion in revenue in 2014. 
Roger Penske, the founder of Penske Automotive Group, was a successful race car driver. After winning five races in 1964 he started working as the manager of a Chevrolet dealership. The next year, he retired from racing and bought the dealership.
History
By the end of the 1960’s the dealership began to generate profit and the company used it for acquisitions. The company was founded as United Automotive Group in 1990 and was acquired by Penske Corporation in May 1999. On July 2, 2007, United Automotive Group changed its corporate name to Penske Automotive Group, Inc.
By 1971 Penske had dealerships in Philadelphia and Allentown, Pennsylvania, and in Detroit.
The company operates through four segments: retail automotive, retail commercial truck, and non-automotive Investments. Penske operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand. The company engages in the sale of new and used motor vehicles of approximately 40 brands; and provision of vehicle services and collision repair service.
Penske had sales of $254 million in 1981, and after explosive growth in the following years reached $2 billion in sales in 1988.
Today Penske Automotive Group (PAG) is the United States’ #2 publicly traded auto dealer after AutoNation. The company has 170 franchises in the United States and a further 160 international locations, principally in the U.K.
The company sells 40 car brands including Audi, BMW, Chevrolet, Land Rover, Mercedes Benz, and Honda.
Penske Automotive Group trades publicly on the New York Stock Exchange under the ticker symbol PAG, is #245 in the Fortune 500, has 18,000 employees, and had $17.20 billion in revenue in 2014.