Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. PAG operates dealerships in the United States, the United Kingdom, Canada, Germany, Italy, and Japan and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems, and related parts and services principally in Australia and New Zealand. Additionally, PAG owns 28.9% of Penske Transportation Solutions ("PTS"), a business that manages one of the largest, most comprehensive and modern trucking fleets in North America with over 431,000 trucks, tractors, and trailers under lease, rental, and/or maintenance contracts and provides innovative transportation, supply chain, and technology solutions to its customers.
Penske Automotive Group is a member of the S&P 400 Mid Cap Index, Fortune 500, Russell 1000, and Russell 3000 indexes. PAG has repeatedly had numerous stores voted in the top 100 as Automotive News’ Best Places to Work For - 35 locations in 2021, 46 locations in 2022 and 44 locations in 2023.
The Suburban Collection was established in 1948 when Richard Fischer opened Suburban Motors as a single point Oldsmobile dealership in Birmingham, MI. Suburban has since grown to more than 2,500 team members representing 33 brands at more than 50 locations throughout Michigan. These locations, inclusive of dealerships and collision centers offer a comprehensive array of sales, service, and repair solutions.
In 2021, Suburban, the winning local team joined Lithia Motors, the winning national team! Lithia is one of the largest providers of personal transportation solutions in the United States and operates more than 250 dealerships in 22 states.
The acquisition brought together two successful companies with like values and missions. Our teams strive to Earn Customers for Life, Improve Constantly and Build Trusting and Confident Relationships while Taking Personal Ownership and Having Fun doing it. These core values drive our mission of Growth Powered by People.