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Penske Automotive Group, Inc. (PAG) is an American 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 New Zealand.
The Jim Pattison Group is a Canadian conglomerate based in Vancouver. Jim Pattison, a Vancouver-based entrepreneur, is the chairman, CEO, and sole owner of the company.The Jim Pattison Group, Canada's second largest privately held company, has more than 45,000 employees worldwide, and annual sales of $10.1 billion [2] based on investments in Canada, the U.S., Mexico, Europe, Asia and Australia.
AutoNation, Inc. is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. [4] The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets. [5] [6]
4. Used Cars and Trucks. The average price of used cars has dropped significantly as the market stabilizes, according to CNBC. With new vehicle production catching up, the high premiums placed on ...
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
James Allen Pattison OC OBC (born October 1, 1928) is a Canadian business magnate and investor. He is based in Vancouver, British Columbia, where he holds the position of chief executive officer, chairman and sole owner of the Jim Pattison Group, Canada's second largest privately-held company, with more than 45,000 employees worldwide, and annual sales of $10.1 billion. [1]
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