US-based transport services provider, Penske Automotive Group, has bought a Land Rover dealership in Darien, Connecticut, which it said could generate approximately $50m in annual revenue for the company. Penske would not disclose how much it paid for the dealership.
"We are pleased to add the Land Rover brand to our existing automotive dealership operations in Connecticut,” said the company’s president Robert H. Kurnick, Jr. “For almost 30 years this dealership has been serving customers in Darien, Greenwich, Westport and Stamford with a dedication to customer service. This brand complements our existing presence with Audi, BMW, Honda, Mercedes-Benz, and Porsche in the Connecticut market and connects our business from Fairfield, through Darien and into Greenwich, allowing us to continue scaling our operations."
In other news, Penske Used Trucks, a unit of Penske Truck Leasing, has recently doubled the number of commercial truck dealerships in North America, with centres in Dallas, Atlanta and Ontario. The company already operates truck dealerships in Phoenix (AZ), Torrance (CA) and Charlotte (NC).
"These commercial truck dealerships have proven to be an effective sales channel for our company," said Jack Mitchell, Penske vice president of remarketing. "We are picking strong truck resell markets when deciding on new locations. The centres complement our website, call centre and Penske dealer representative sales efforts."
Amongst the commercial vehicles Penske sells through the centres are those made by Ford, GMC, Hino, Isuzu, Freightliner, International, Peterbilt and Volvo.