Penske Automotive Group

Penske Automotive Group, Inc. is a diversified transportation services company primarily engaged in the retail of new and used motor vehicles through its extensive network of automotive and commercial truck dealerships. The company operates in four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It holds franchise agreements with numerous automotive manufacturers and distributors, offering a wide range of products and services, including vehicle repairs, financing, insurance products, and aftermarket services. Penske operates 317 retail automotive franchises, with a significant presence in the United States and international markets, including the United Kingdom and Australia. Its commercial truck segment features heavy and medium-duty truck dealerships, primarily selling Freightliner and Western Star brands, along with used trucks and related services. Additionally, Penske imports and distributes specialty vehicles and power systems. Headquartered in Bloomfield Hills, Michigan, the company has established itself as one of the largest automotive retailers in the U.S.

Robert Kurnick Jr.

Board Member and President

Past deals in Motor Insurance

BMW of Wilmington

Acquisition in 2023
BMW of Wilmington is a car dealership located in Wilmington, North Carolina. The dealership specializes in offering a variety of new BMW models, including cars, trucks, and SUVs. In addition to sales, BMW of Wilmington provides services for purchasing, reselling, financing, and maintaining vehicles. The dealership also offers parts and damage repair services for both new and pre-owned cars, ensuring a comprehensive range of automotive solutions for its customers.
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