Penske Automotive Group Inc.'s third-quarter net income soared to a record for any quarter on higher used-vehicle revenue and stronger new-vehicle margins, even as its new-vehicle sales dropped by 16 percent as inventory tightened.
Penske Automotive Group Inc.'s third-quarter net income soared to a record for any quarter on higher used-vehicle revenue and stronger new-vehicle margins, even as its new-vehicle sales dropped by 16 percent as inventory tightened.