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Penske Automotive Group, Inc. Message Board

  • marcmortgage marcmortgage Oct 21, 2009 10:18 AM Flag

    Penske, will lose lots of money this quarter

    Sales are down huge, plus all the dealership closings will effect their cap sales. Caps with lifetime production seem to be adversely hindering sales growth, hence lower demand and ultimately lower orders for Penske.

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    • The gorilla in the room is the falling dollar.

      That makes foreign cars more expensive for US dollar holders to buy.

      PAG derives majority sales from german and japanese cars.

      So a 60k beamer now costs about 80k, and so on, and so on, and so on.

      The SMART car may get a boost from rising gas prices, but it is also made by Mercedes Benz. Its only a matter of time before the SMART mortality rates start to climb. I guess its a safe car as your soul does live on .....


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