Tuesday, October 30, 2007
Sytner Group reports strong third quarter
The strong performance of Sytner, the UK’s second largest dealer group, boosted the results of parent company Penske Automotive in the third quarter.
The giant US car retailer recorded a year-on-year increase in income of 17.4 per cent to $42.4m (£21.2m), with Sytner driving up business in its international division.
Year-on-year sales grew by 21.9 per cent in Penske’s overseas markets, which are predominantly in Britain.
DATED: 30.10.07
FEED: MT
