|View printer-friendly version|
|Penske Automotive Opens Two New Premium/Luxury Dealerships in Chantilly, Virginia|
BLOOMFIELD HILLS, Mich., May 18, 2010 (BUSINESS WIRE) --Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced the opening of an Audi and a Mercedes-Benz dealership on a premium/luxury campus in Chantilly, Virginia. Awarded as open points by Audi USA and Mercedes-Benz USA, these dealerships will serve the rapidly expanding Northern Virginia and Washington, D.C., metropolitan markets. These new dealerships complement the company's existing Audi and Mercedes-Benz dealerships in Tysons Corner, Virginia, which are located approximately sixteen miles east of Chantilly.
The dealerships are located on a ten-acre site near Dulles Airport. Audi Chantilly features a 29,500-square-foot sales and service facility, while Mercedes-Benz of Chantilly features 40,000 square feet of facilities, including sales and service for the Mercedes' Sprinter brand. On a combined basis, these dealerships add 44 additional service bays to service the growing units in operation in these markets.
Bernie Wolfe, Executive Vice President for PAG's Eastern Operations, said, "We are thrilled with the opportunity to expand our presence with the Audi and Mercedes-Benz brands in these important markets. The facilities were built to showcase the unique attributes of each brand, and offer the latest features in customer care."
The company estimates these two new dealerships will generate approximately $70 million in combined annualized revenue. Penske Automotive Group operates ten Audi and eight Mercedes-Benz dealerships in the United States.
About Penske Automotive
Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 324 retail automotive franchises, representing over 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 172 franchises in 17 states and Puerto Rico and 152 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 14,100 employees. smart and fortwo are registered trademarks of Daimler AG.
SOURCE: Penske Automotive Group, Inc.