CarShop Goes Global

Car Shop

News coming in from the US shows that the CarShop brand is set to go global as owner Penske Automotive plans to rebrand its US-based CarSense business and embark on an ambitious expansion, to grow from 17 to 40 locations by 2023.

The $20 billion turnover Penske Automotive owns Syntner Group, as well as CarShop, and recorded a $545 million profit for its last full year. It has announced it is ready to take its ‘next step on online sales’ and expand the number of used vehicle ‘supercentres’ here and across the pond.

Chief exec Roger S Penske says its used car operation offers a ‘significant future growth opportunity’, because customers can reserve a car for $99 (£72), obtain finance online and get a guaranteed trade-in price, to then take delivery from over 100 locations.

Mr Penske added: “So when you combine preferred purchase, buy online, click and collect, online scheduling and bill pay, we have the tools to allow our customer, perform any part of the transaction online or to shorten their visit to our stores.”