Looking at used vehicles, used units retailed declined 1%, while same-store used unit retailed declined 4%. Same-store variable gross profit per unit, that's gross profit from new vehicles, used vehicles and F&I, declined $9 per unit to $3,418. Roger PenskeWell I think that's something that's the liability of the OEMs. Our supply of used vehicles is 49 days at the end of December versus 44 days at the end of December in 2015. As you look forward, do you think 2017, how do you think that's going to stack up from an acquisitions standpoint?
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Penske Automotive Group, Inc. (PAG) Issues Earnings Results, Beats Estimates By $0.04 EPS
Receive News & Ratings for Penske Automotive Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penske Automotive Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter. Penske Automotive Group, Inc. (NYSE:PAG) issued its earnings results on Tuesday. Penske Automotive Group had a return on equity of 18.88% and a net margin of 1.64%. About Penske Automotive GroupPenske Automotive Group, Inc is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. Penske Automotive Group has a 1-year low of $29.29 and a 1-year high of $56.05.
Penske Automotive Group (PAG) Raises Quarterly Dividend 3.4% to $0.30; 2.3% Yield
Penske Automotive Group (NYSE: PAG) declared a quarterly dividend of $0.30 per share, or $1.2 annualized. For a dividend history and other dividend-related data on Penske Automotive Group (PAG) click here. Commenting on the dividend, Penske Automotive Group President Robert H. Kurnick, Jr., said, "Based on the strength of the company's financial performance in the fourth quarter of 2016, the Board of Directors is pleased to offer an increase in the quarterly dividend, representing the 23rd consecutive quarterly increase for PAG's shareholders." The annual yield on the dividend is 2.3 percent. This is a 3.4% increase from the prior dividend of $0.29.
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