Penske Automotive Group Inc. has obtained a BMW-Mini dealership and collision middle in Southern California that it expects will increase about $115 million in yearly revenue.
Penske claimed it bought BMW-Mini of Escondido and a collision center Monday in an auto mall, where it also has dealerships advertising Acura, Audi, Honda and Mazda cars. Escondido is north of San Diego. The Brecht family members was the seller, explained Penske spokesman Anthony Pordon.
“The acquisition strengthens the scale of our offerings in the Escondido Vehicle Mall and provides further depth to our romance with the BMW and Mini manufacturers,” Penske CEO Roger Penske explained in a assertion.
Penske mentioned it will improve by 72 workers, which includes 22 experts.
The acquisition marks the group’s next U.S. BMW dealership buy since December, when it purchased a shop in Bloomfield Hills, Mich., exactly where the enterprise is headquartered.
Also this month, Penske mentioned it purchased three BMW-Mini dealerships and a collision centre in the U.K., and in February, it mentioned it purchased a medium- and weighty-duty industrial truck enterprise in Ontario, Canada. In January, Penske said it experienced opened a new-position Honda dealership in Leander, Texas.
Penske ranks No. 3 on Automotive News‘ checklist of the leading 150 dealership groups dependent in the U.S., retailing 195,384 new cars in 2021.