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Message Boards Settings Penske Automotive Group, Inc. (PAG) - Quote Info
Re: Penske, will lose lots of money this quarter     25-Oct-09 11:11 am    
The gorilla in the room is the falling dollar.

That makes foreign cars more expensive for US dollar holders to buy.

PAG derives majority sales from german and japanese cars.

So a 60k beamer now costs about 80k, and so on, and so on, and so on.

The SMART car may get a boost from rising gas prices, but it is also made by Mercedes Benz. Its only a matter of time before the SMART mortality rates start to climb. I guess its a safe car as your soul does live on .....

Rocket


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zombie_kill...


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Sales are down huge, plus all the dealership closings w...
marcmortgag... (1 Rating) 21-Oct-09 10:18 am  
 
Re: Penske, will lose lots of money this quarter
zombie_kill... (1 Rating) 25-Oct-09 11:11 am  
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Penske Automotive Group, Inc. (PAG)

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On Dec 24: 15.82 Down 0.14 (0.88%)
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