PENSKE AUTOMOTIVE GROUP COMPLETES ACQUISITION OF FERRARI DEALERSHIP IN NORTHERN ITALY
Penske Automotive Group (NYSE:PAG) has completed the acquisition of a Ferrari dealership in Modena, Italy, located in the Emilia Romagna region. The new location is expected to generate an estimated $40 million in annualized revenue. This strategic acquisition expands PAG's luxury presence in Italy to 29 automotive retail locations and increases its global Ferrari representation to nine locations worldwide, including Maranello Classic Parts, the exclusive official Ferrari classic parts distributor globally.
The acquisition strengthens PAG's international presence as a diversified transportation services company operating across four continents and eight countries. The company employs over 28,700 people worldwide and owns a 28.9% stake in Penske Transportation Solutions, which manages a fleet of over 428,000 vehicles.
Penske Automotive Group (NYSE:PAG) ha completato l'acquisizione di una concessionaria Ferrari a Modena, in Italia, situata nella regione Emilia Romagna. La nuova sede dovrebbe generare un fatturato annualizzato stimato di 40 milioni di dollari. Questa acquisizione strategica amplia la presenza di PAG nel segmento del lusso in Italia, portandola a 29 punti vendita automobilistici e incrementa la rappresentanza globale di Ferrari a nove sedi nel mondo, inclusa Maranello Classic Parts, distributore ufficiale esclusivo a livello mondiale di ricambi classici Ferrari.
L'acquisizione rafforza la presenza internazionale di PAG come azienda diversificata nei servizi di trasporto, operante in quattro continenti e otto paesi. L'azienda impiega oltre 28.700 persone nel mondo e detiene una partecipazione del 28,9% in Penske Transportation Solutions, che gestisce una flotta di oltre 428.000 veicoli.
Penske Automotive Group (NYSE:PAG) ha completado la adquisición de un concesionario Ferrari en Módena, Italia, ubicado en la región de Emilia Romaña. Se espera que la nueva ubicación genere unos ingresos anualizados estimados de 40 millones de dólares. Esta adquisición estratégica amplía la presencia de PAG en el segmento de lujo en Italia a 29 puntos de venta automotrices y aumenta su representación global de Ferrari a nueve ubicaciones en todo el mundo, incluyendo Maranello Classic Parts, distribuidor oficial exclusivo mundial de piezas clásicas Ferrari.
La adquisición fortalece la presencia internacional de PAG como una empresa diversificada de servicios de transporte que opera en cuatro continentes y ocho países. La compañía emplea a más de 28.700 personas en todo el mundo y posee una participación del 28,9% en Penske Transportation Solutions, que administra una flota de más de 428.000 vehículos.
Penske Automotive Group (NYSE:PAG)는 이탈리아 에밀리아 로마냐 지역의 모데나에 위치한 페라리 딜러십 인수를 완료했습니다. 신규 매장은 연간 약 4,000만 달러의 매출을 창출할 것으로 예상됩니다. 이번 전략적 인수로 PAG는 이탈리아 내 고급차 부문을 29개 자동차 판매 지점으로 확장했으며, 마란넬로 클래식 파츠를 포함해 전 세계적으로 9개 페라리 지점을 운영하게 되었습니다. 마란넬로 클래식 파츠는 전 세계 독점 공식 페라리 클래식 부품 유통업체입니다.
이번 인수는 PAG가 4개 대륙 8개국에서 운영되는 다각화된 운송 서비스 기업으로서 국제적 입지를 강화합니다. 회사는 전 세계적으로 28,700명 이상의 직원을 고용하고 있으며, 42만 8천 대 이상의 차량을 관리하는 Penske Transportation Solutions의 28.9% 지분을 보유하고 있습니다.
Penske Automotive Group (NYSE:PAG) a finalisé l'acquisition d'une concession Ferrari à Modène, en Italie, située dans la région Émilie-Romagne. Ce nouveau site devrait générer un chiffre d'affaires annualisé estimé à 40 millions de dollars. Cette acquisition stratégique étend la présence de PAG dans le segment du luxe en Italie à 29 points de vente automobiles et augmente sa représentation mondiale de Ferrari à neuf sites dans le monde, y compris Maranello Classic Parts, le distributeur officiel exclusif mondial des pièces classiques Ferrari.
Cette acquisition renforce la présence internationale de PAG en tant qu'entreprise diversifiée de services de transport opérant sur quatre continents et dans huit pays. L'entreprise emploie plus de 28 700 personnes dans le monde et détient une participation de 28,9 % dans Penske Transportation Solutions, qui gère une flotte de plus de 428 000 véhicules.
Penske Automotive Group (NYSE:PAG) hat die Übernahme eines Ferrari-Autohauses in Modena, Italien, in der Region Emilia-Romagna abgeschlossen. Der neue Standort wird voraussichtlich einen geschätzten jährlichen Umsatz von 40 Millionen US-Dollar erzielen. Diese strategische Akquisition erweitert PAGs Luxuspräsenz in Italien auf 29 Automobilhandelsstandorte und erhöht die weltweite Ferrari-Repräsentanz auf neun Standorte, einschließlich Maranello Classic Parts, dem exklusiven offiziellen Ferrari-Classic-Parts-Distributor weltweit.
Die Übernahme stärkt die internationale Präsenz von PAG als diversifiziertes Transportunternehmen, das auf vier Kontinenten in acht Ländern tätig ist. Das Unternehmen beschäftigt weltweit über 28.700 Mitarbeiter und hält einen 28,9%igen Anteil an Penske Transportation Solutions, das eine Flotte von über 428.000 Fahrzeugen verwaltet.
- None.
- Potential integration risks with existing operations
- Exposure to foreign currency exchange rate fluctuations
- Subject to supply chain disruptions and vehicle component shortages
Insights
Penske's Ferrari dealership acquisition in Modena expands luxury presence in Italy and strengthens global Ferrari relationship, adding $40M in annual revenue.
Penske Automotive Group's acquisition of the Ferrari dealership in Modena represents a strategic expansion in the luxury automotive retail sector. The dealership is situated in an extremely valuable location - Emilia Romagna, the heart of Italy's Motor Valley and Ferrari's homeland. This acquisition brings multiple strategic advantages to Penske's portfolio:
First, it strengthens Penske's already substantial Ferrari relationship, bringing their worldwide Ferrari representation to nine locations, including the exclusive Maranello Classic Parts operation. This expanded relationship with one of the world's most prestigious automotive brands enhances Penske's luxury credentials and provides diversification beyond mass-market vehicles.
Second, the acquisition fits perfectly within Penske's existing Italian footprint, bringing their luxury presence in Italy to 29 locations. This concentration allows for operational synergies, shared expertise, and stronger regional brand presence. The $40 million in expected annualized revenue represents a modest but meaningful addition to Penske's top line.
The timing of this acquisition aligns with broader industry trends toward consolidation in automotive retail and increased focus on high-margin luxury segments. Ferrari's limited production model and strong pricing power make its dealerships particularly resilient during economic downturns compared to mass-market brands. This acquisition represents Penske's continued execution of a diversification strategy across geographies, brands, and price points, reducing overall business risk while enhancing margins.
Ferrari Modena Complements Existing Luxury Brand Presence in
Strengthens Worldwide Penske/Ferrari Relationship
Commenting on the acquisition, Penske Automotive Group Head of International Operations Randall Seymore said, "We are honored to represent the Ferrari brand at such an iconic location in
About Penske Automotive
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in
Caution Concerning Forward Looking Statements
Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.'s financial performance, expectations and anticipated revenues. Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others, those related to macro-economic, geo-political and industry conditions and events, including their impact on sales of new and used vehicles, service and parts, and repair and maintenance services, the availability of consumer credit, changes in consumer demand, consumer confidence levels, fuel prices, demand for trucks to move freight with respect to Penske Transportation Solutions (PTS) and Premier Truck Group and other freight metrics such as spot rates or miles driven, personal discretionary spending levels, interest rates, foreign currency exchange rates, and unemployment rates; our ability to obtain vehicles and parts from our manufacturers, especially in light of supply chain disruptions due to natural disasters, tariffs and non-tariff trade barriers, any shortages of vehicle components, international conflicts, challenges in sourcing labor, or labor strikes or work stoppages, or other disruptions; the control our manufacturer partners can exert over our operations and our reliance on them for various aspects of our business; risks to our reputation and those of our manufacturer partners; changes in the retail model either from direct sales by manufacturers, a transition to an agency model of sales, sales by online competitors, or from the expansion of EVs; disruptions to the security and availability of our information technology systems and those of our third party providers, which systems are increasingly threatened by ransomware and other cyber-attacks; the effects of a pandemic on the global economy, including our ability to react effectively to changing business conditions in light of any pandemic; the impact of tariffs targeting imported vehicles and parts, as well as changes or increases in tariffs, trade restrictions, trade disputes or non-tariff trade barriers; the rate of inflation, including its impact on vehicle affordability; changes in interest rates and foreign currency exchange rates; our ability to consummate, integrate, and realize returns on our acquisitions; with respect to PTS, changes in the financial health of its customers, labor strikes or work stoppages by its employees, a reduction in PTS' asset utilization rates, continued availability from truck manufacturers and suppliers of vehicles and parts for its fleet, including with respect to the effect of various government mandates concerning the electrification of its vehicle fleet, changes in values of used trucks which affects PTS' profitability on truck sales and regulatory risks and related compliance costs, our ability to realize returns on our significant capital investments in new and upgraded dealership facilities; our ability to navigate a rapidly changing automotive and truck landscape; our ability to respond to new or enhanced regulations in both our domestic and international markets relating to dealerships and vehicles sales, including those related to the sales process, emissions standards or electrification, as well as changes in consumer sentiment relating to commercial truck sales that may hinder our or PTS' ability to maintain, acquire, sell, or operate trucks; the success of our distribution of commercial vehicles, engines, and power systems; natural disasters; recall initiatives or other disruptions that interrupt the supply of vehicles or parts to us; the outcome of legal and administrative matters, and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions, risks, and other uncertainties, which could affect Penske Automotive Group's future performance. The risks and uncertainties discussed above are not exhaustive and additional risk and uncertainties are addressed in Penske Automotive Group's Form 10-K for the year ended December 31, 2024, its Form 10-Q for the quarterly period ended March 31, 2025, and its other filings with the Securities and Exchange Commission. This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.
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Penske Automotive Group, Inc. | Penske Automotive Group, Inc. |
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