Penske Automotive Group (PAG) · Q3 2026

What the report says

North American Vehicle Transaction Signal

At the stores Penske owned through both years, new-vehicle sales fell 4.2% from a year ago, against a 3.0% fall for the whole new market. In the second quarter the same measure ran 1.5 points ahead of the market, so the new-car lead has gone.

New cars still sold closer to sticker than a year ago while franchise dealers overall moved less, and new Market Days Supply sits inside its typical range.

Used stock grew 18.9% from a year ago, after setting aside cars listed more than 180 days at the same store as service loaners, and used Market Days Supply rose to 38, at the top of our typical range, while used sales at the same stores fell 5.9%; our used measure read too low against the company's own figures in the second quarter.

The headline counts are inflated by the Longo Toyota and Lexus stores in El Monte, California, which our data began to capture fully only in early 2026.

Gross profit per car, finance and insurance, service, trucks and the international business are outside our data and can move the company's quarter a full tier either way.

Full details are in the report.

18 sections · 24 tables · methodology, quality checks and glossary included

Inside