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Arnold sold the business in 1988 to Cox Enterprises, an Atlanta-based media chain. [7] In 2010, Providence Equity Partners purchased a 25% interest, becoming a minority owner in the company. [8] Kleiner Perkins Caufield & Byers is also an investor. In 2010, a tool was added to the website to get an instant trade-in offer. [9]
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Penske truck with loading ramp down. Penske Truck Rental is an operating unit of Penske Truck Leasing that has more than 2,500 consumer truck rental locations across the United States and Canada. Penske rents commercial semi-trucks, straight trucks and semi-trailers to businesses that haul freight. Its truck rental fleet has more than 85,000 units.
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1896- Gottlieb Daimler creates the first truck. 1923- First diesel truck: Benz [3] 1926- Daimler and Benz merge. 1942- Leland James founds the Freightliner Corporation. 1947- Freightliner opens its first truck plant in Portland, Oregon. 1950- Hyster Company is the first private carrier to order a Freightliner truck.
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