Penske Automotive Q2 net income plunges 62% amid virus shutdowns

Penske Automotive Q2 net income plunges 62% amid virus shutdowns

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New-vehicle unit sales plummeted 44 percent to 30,687. Used-vehicle sales dove 41 percent to 42,606 units. But the dealership group said June results in both the U.S. and abroad strongly improved from March and April.

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