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|Penske Automotive Opens New MINI Dealership in Tempe, Arizona|
|BLOOMFIELD HILLS, Mich., Mar 23, 2010 (BUSINESS WIRE) -- Penske
Automotive Group, Inc. (NYSE:PAG), an international automotive
retailer, today announced the opening of its new 19,300 square foot,
state-of-the-art MINI dealership in Tempe, Arizona. The new franchise,
awarded by MINI, represents the company's second MINI dealership in the
Phoenix market and its fourth in the United States. MINI of Tempe is
situated on a three-and-a-half acre site in the Tempe Autoplex along
Interstate 10 in Tempe, Arizona. The new dealership offers floor to
ceiling windows, bold colors associated with the unique image of the
MINI brand, innovative product displays, and 15 service bays. The
company currently estimates this dealership will generate approximately
$20 million in annualized revenue in its first year of operation.
George Brochick, Executive Vice President for Penske Automotive Group's Western Region said, "We are thrilled with the opportunity to expand our presence with MINI in the Phoenix market. The location of the new dealership and added service capacity will allow us to bring a greater level of customer satisfaction to our MINI customers in this key market."
For additional information, visit www.minioftempe.com, or call 800-648-1641 for sales and 800-713-1972 for service.
About Penske Automotive
Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 316 retail automotive franchises, representing 40 different brands and 25 collision repair centers. Penske Automotive, which sells new and previously owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents, has 168 franchises in 17 states and Puerto Rico and 148 franchises located outside the United States, primarily in the United Kingdom.
Penske Automotive, through its wholly-owned subsidiary smart USA Distributor LLC, is the exclusive distributor of the smart fortwo vehicle and related parts in the United States. smart USA supports over 75 smart retail centers in the United States. Penske Automotive is a member of the Fortune 500 and Russell 1000 and has approximately 14,000 employees. smart and fortwo are registered trademarks of Daimler AG.
SOURCE: Penske Automotive Group, Inc.