Boost in the sales of the luxury car due to the Summer Olympics in London 2012
|   Thursday, September 20, 2012
2012 Summer Olympics in London also give an impact on the sales of the car. Penske Automotive Group is predicting to have a boost in the sales of their luxury cars in the UK stores due to the London Olympics.

As there is a presidential appointment ahead in the Penske's U.S. business, it is very thorny to calculate any prospect. As the second –quarter wages call at the moment reported by the Roger Penske's Chairman.

There is about a 26 percent boost in the second-quarter net income of the Penske Automotive Group motivated by the strong retail vehicle sales particularly in the dealership of the Toyota and Honda.

In a statement from the company published today, the net income of the company in the second quarter of this year is $49.1 million as compared with the $39.6. Million of the previous year in the retailer group.

The second quarter income of the Penske is the preceding in the public retailer. As the largest part of the retailer reported profit earlier and revealed the rise in the sale of the latest automobile and also have a burly investment and insurance deal.

As compared with the previous quarter year, the income per vehicle of the Penske's F&I revenue is downstairs from $989 to $980.

"The entire assemblage is lowered in an average due to the dealership group in Belfast of the Northern Ireland having a huge acquisition in the preliminary of this year" said by the Roger Penske.


Penske also added in his statement "On a "same-store" foundation, not including the acquisition, F&I income per vehicle was flat to some extent further on of a year ago"

"For the third-quarter there are a lot more opportunities to grow as of the summer Olympics in London is a head" said by the Roger Penske.
"I saw lots of the BMW in the Olympics when I was there for the two days, it will be good used cars for all of us" in his statement.

There are more than 170 franchises of the Penske outside the united states and among them most of them were in the United Kingdom."As the car of the Olympic " Bmw will put around its 4,000 vehicles in the service during the Olympic , a statement from the Penske.
Penske further added "In a hope that the dealers will buy, it's all the opportunities we have".

As BMW only makes the 24 percentage of the total Penske's brand revenue.
In the united States Penske Automotive is confident regarding their third quarter as there is a strong demand of the premium luxury vehicles there will be a sale of the 14 million to 14.5 million is forecasted in the united states for the 2012 due to the easy availability of the credit and a slowly rebounding market.

The election of the president of the US ahead. If the tax rate change, then there could be a big impact on the sale of the luxury vehicles.
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