NoneOver there -- Penske |
| Here's a snapshot of Penske Automotive Group's international operations. |
| STORE COUNT |
| U.S.: 209 | Germany: 17 | Japan: 9 |
| U.K.: 94 | Italy: 6 | Spain: 4 |
| 1Q REVENUE |
| U.S.: 57% | U.K.: 35% | Other int'l*: 7.3% |
| *Includes light vehicles in Germany, Italy, Spain and Japan; commercial vehicles in Canada, Australia, New Zealand |
| Source: Penske Automotive Group |
|
Over there -- Group 1 |
| Here's a snapshot of Group 1 Automotive's U.K. operations in the 1st quarter. |
| Store count: 29 |
| Scale: 18% of global new-vehicle unit sales |
| REVENUE |
| $ millions | change |
| U.K. | $431.90 | 44% |
| Global | $2,608.40 | 7.20% |
| GROSS PROFIT |
| $ millions | change |
| U.K. | $46.70 | 37% |
| Global | $389.10 | 6.90% |
| Source: Group 1 Automotive |
|
Penske Automotive Group Inc. and Group 1 Automotive Inc., two U.S. publicly traded auto retailers with U.K. operations, immediately had their stock prices drop to their lowest levels since February in the wake of Britain's vote to exit the European Union. The drops were much sharper than those of new-vehicle retailers without U.K. exposure, amid a market tumble.
