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Car dealership showroom. 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 ...
Penske Automotive Group (PAG) is a transportation services company headquartered in Bloomfield Hills, Michigan. It operates automotive and commercial truck dealers principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, engines, power systems, and related parts and services principally in Australia and ...
History. It was founded as Brockway Carriage Works in 1875 by William Brockway. His son George Brockway later turned the carriages into a truck manufacturer in 1909. The first trucks were high-wheelers. During World War I, Brockway built 587 Class B Liberty Trucks for the military. After the war they produced a new range from 1-ton to 5-tons.
Sonic Automotive was launched as a public company in November 1997 by O Bruton Smith. At the time, the company had 20 stores, representing 15 brands and several hundred employees. [4] The Smith family holds over 30% of the total shares outstanding but has over 80% of the voting power [5] because of a dual-class structure with Super-voting stock.
A car dealership, or car dealer, is a business that sells new or used cars, at the retail level, based on a dealership contract with an automaker or its sales subsidiary. Car dealerships also often sell spare parts and automotive maintenance services. In the United States, car dealerships have historically been an important source of state and ...
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