BLOOMFIELD HILLS, Mich., Apr 27, 2010 (BUSINESS WIRE) --Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, today announced the opening of its new 17,500 square foot, state-of-the-art MINI dealership in Austin, Texas. The franchise was awarded by MINI USA and is the exclusive MINI dealership in the Austin market.
MINI of Austin is situated on a two-and-a-half acre site adjacent to the company's existing BMW of Austin dealership. The dealership showcases MINI's bold color scheme and innovative design characteristics, and provides 10 new service bays dedicated to the MINI brand.
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 Austin. This dealership, and the added service capacity it provides, will allow us to better serve our MINI customers and help us expand the MINI brand in this growing market."
MINI of Austin represents the company's fifth MINI dealership in the United States. The company currently estimates this dealership will generate approximately $30 million in annualized revenue in its first year of operation. For additional information, visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.miniofaustin.com&esheet=6267154&lan=en_US&anchor=www.miniofaustin.com&index=1&md5=4b413bf9689623c35cc74913852bddd0, or call 512-343-6464 for sales and 800-713-1972 for service.
About Penske Automotive
Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 326 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 174 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 14,000 employees. smart and fortwo are registered trademarks of Daimler AG.
SOURCE: Penske Automotive Group, Inc.
Executive Vice President - Finance
Penske Automotive Group
Anthony R. Pordon
Senior Vice President
Penske Automotive Group, Inc.