Penske Motor Group
Encyclopedia
Penske Motor Group is an El Monte, California
–based, wholly owned division of the Penske Corporation, managed by Gregory Penske
. The group operates three automobile
dealerships in California
: Longo Toyota and Longo Lexus in the Greater Los Angeles Area
and Lexus of Stevens Creek in the San Francisco Bay Area
. Penske Corporation is also the majority shareholder of the world's second-largest automotive retail group, the NYSE listed Penske Automotive Group
.
Penske Motor Group's flagship dealership is Longo Toyota, the largest car dealership in the world at over 29 acres (117,358.9 m²). Longo came in first on industry tracker Ward's Dealer Business
' 2004 list of top-selling dealerships. The dealership sold 20,320 new vehicles in 2005 (56 vehicles per day). There are Starbucks
and Subway
establishments on the lot.
The group is the largest retailer of Toyota Cars in the world, selling over 1.5 billion dollars worth of Toyota products every year. Longo Toyota and Lexus make up the largest car dealership in the world, selling a car every 8 minutes.
El Monte, California
El Monte is a residential, industrial, and commercial city in Los Angeles County, California, United States. The city's slogan is "Welcome to Friendly El Monte," and historically is known as "The End of the Santa Fe Trail." As of the 2010 census, the city had a total population of 113,475,...
–based, wholly owned division of the Penske Corporation, managed by Gregory Penske
Gregory Penske
Gregory Penske is an owner and the President/CEO of Penske Motor Group, in El Monte, California. He is the former President and CEO of Penske Motorsports, Inc. which operated racetracks across the country, including the development of the Auto Club Speedway in Fontana, California...
. The group operates three automobile
Automobile
An automobile, autocar, motor car or car is a wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor...
dealerships in California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
: Longo Toyota and Longo Lexus in the Greater Los Angeles Area
Greater Los Angeles Area
The Greater Los Angeles Area, or the Southland, is a term used for the Combined Statistical Area sprawled over five counties in the southern part of California, namely Los Angeles County, Orange County, San Bernardino County, Riverside County and Ventura County...
and Lexus of Stevens Creek in the San Francisco Bay Area
San Francisco Bay Area
The San Francisco Bay Area, commonly known as the Bay Area, is a populated region that surrounds the San Francisco and San Pablo estuaries in Northern California. The region encompasses metropolitan areas of San Francisco, Oakland, and San Jose, along with smaller urban and rural areas...
. Penske Corporation is also the majority shareholder of the world's second-largest automotive retail group, the NYSE listed Penske Automotive Group
Penske Automotive Group
Penske Automotive Group , headquartered in Bloomfield Hills, Michigan, is the world's second largest automotive dealership group.PAG operates 327 retail automotive franchises, representing 42 different brands, and 26 collision repair centers. PAG is a member of the Fortune 500 and Russell 2000, and...
.
Penske Motor Group's flagship dealership is Longo Toyota, the largest car dealership in the world at over 29 acres (117,358.9 m²). Longo came in first on industry tracker Ward's Dealer Business
Ward's
Ward's is an organization that has covered the automotive industry for over 80 years. They are responsible for several publications including, Ward's AutoWorld, and Ward's Dealer Business.Ward's also publish the annual list of Ward's 10 Best Engines....
' 2004 list of top-selling dealerships. The dealership sold 20,320 new vehicles in 2005 (56 vehicles per day). There are Starbucks
Starbucks
Starbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington. Starbucks is the largest coffeehouse company in the world, with 17,009 stores in 55 countries, including over 11,000 in the United States, over 1,000 in Canada, over 700 in the United Kingdom, and...
and Subway
Subway (restaurant)
Subway is an American restaurant franchise that primarily sells submarine sandwiches and salads. It is owned and operated by Doctor's Associates, Inc. . Subway is one of the fastest growing franchises in the world with 35,519 restaurants in 98 countries and territories as of October 25th, 2011...
establishments on the lot.
The group is the largest retailer of Toyota Cars in the world, selling over 1.5 billion dollars worth of Toyota products every year. Longo Toyota and Lexus make up the largest car dealership in the world, selling a car every 8 minutes.