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Penske Motor Group is an El Monte, California, U.S.–based, subsidiary of Penske Corporation, managed by Gregory Penske.The group operates three automobile dealerships in California: Longo Toyota and Longo Lexus in the Greater Los Angeles Area and Lexus of Stevens Creek in the San Francisco Bay Area.
The company rolled out the platform across its existing dealership base while announcing intents to utilize the brand in markets in which it did not currently own stores. On September 29, 2021, Asbury purchased the Utah-based Larry H. Miller Dealerships for $3.2 billion, along with its Total Care Auto (TCA) vehicle protection plan business. [20]
In the European market, where Lexus had long faced struggling sales owing to low brand recognition, few dedicated dealerships, and 1990s import quotas, [75] [76] the marque announced plans to introduce hybrid and diesel powertrains, [77] increase the number of Lexus dealerships, and expand operations in emerging markets such as Russia. [78] [79]
The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets. [ 7 ] [ 8 ] AutoNation continued growing by acquiring other companies in the car rental business such as National Car Rental, Spirit Rent-A-Car, Value Rent-A-Car, Snappy Car Rental and more.
In the United States, a car dealership is a business that sells cars. A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers.
In 2003, Ward's Dealer Business, a publication of PRIMEDIA’s Ward's Communications, presented Herb Chambers Companies with the Ward's Dealer of the Year award "for honesty, exemplary customer service and employee care". [27] Also in 2003, J.D. Power and Associates awarded 7 of the Herb Chambers dealerships with the Certified Retailer award. [28]
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