BLOOMFIELD HILLS, Mich.--(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 www.miniofaustin.com,
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
USADistributor 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.
Contact: Bob O'Shaughnessy
Executive Vice President - Finance
Penske Automotive Group
248-648-2800
boshaughnessy@penskeautomotive.com
or
Anthony R. Pordon
Senior Vice President
Penske Automotive Group, Inc.
248-648-2540
tpordon@penskeautomotive.com