Wednesday, February 8, 2023

Penske Automotive's Q4 net income declines amid record revenue

Penske Automotive's Q4 net income declines amid record revenue https://ift.tt/ZEMXy3w

The auto retailer's fourth-quarter included higher foreign currency exchange and lower average gross profits per new vehicle and used vehicle, though higher new-vehicle sales helped generate record fourth-quarter revenue.

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