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Penske raises sales outlook for smart fortwo in U.S.

Looks like the decision by Penske Automotive to be the Official U.S. Distributor for the smart brand of cars was... uh, smart. According to reports, smart new car sales are one particular bright spot for the company, which saw sales from other outlets drop somewhat. Used cars also did rather well for the company's range of dealerships across America. Penske Automotive Group Chairman Roger Penske says, "With the rise in gas prices, we saw a rapid shift in consumer demand to more fuel efficient vehicles." For the second quarter which just ended ... Read more →

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