close

Industry News

Industry News

What You Need to Know About the 2023 Used EV Tax Credit

Beautiful young woman driving her new car at sunset. Woman in car. Close up portrait of pleasant looking female with glad positive expression, woman in casual wear driving a car

Save the environment… and some cash. Get up to $4,000 back on your EV purchase.

The benefits of electric vehicles have many of us looking into them, especially now that they’re readily available for the first time in the pre-owned market. If you’re looking to keep money in your pocket in 2023, a used EV could be perfect for you.

Thanks to a new tax credit that went into effect January 1st, 2023, you could save up to $4,000 by simply purchasing a used EV.

While there have been EV tax credits offered on new vehicles, this is the first time that used EVs have been included, meaning you can take advantage of this new tax credit today!

There are, of course, some qualifications that need to be met by both you and the used vehicle in order to receive this new credit. You can click here to get into the nitty gritty of these qualifications on the official IRS website, but here’s a quick overview of what makes a used EV eligible for this credit:

  • A used EV battery capacity of at least 7-kilowatt hours (which most plug-ins are).
  • The used EV must be a model year at least 2 years earlier than the year it is purchased. For example, a vehicle bought in 2023 would need to be a model year of 2021 or earlier.
  • The used EV must be purchased for less than $25,000.
  • The used EV must be sold by a licensed dealer.

You can even double-check if a vehicle is eligible by using this tool from Recurrent Auto. All you have to do is plug in a VIN number to check if the EV you’re interested in qualifies for this tax credit.

 

 

(Credit: carshop.com)

read more
Community NewsCompany NewsGeneralIndustry News

Paralyzed Veterans of America Received Over $1 million Donation from Penske Automotive Group

Graphic 2 (1)

WASHINGTON, March 23, 2022 /PRNewswire/ — Paralyzed Veterans of America – the nation’s premier nonprofit of choice for disabled veterans, their families, and caregivers – today announced it received a donation of more than $1 million from long-time partner and veteran supporter Penske Automotive Group. The amount includes donations from Penske Automotive Group and Premier Truck Group, alongside a company match of $500,000.

“The entire PVA Family – to include our members, volunteers, and staff across the U.S. – cannot thank Penske Automotive Group, Penske Truck Group, their employees, and generous customers enough for their heartfelt donations and ongoing support,” said Charles Brown, national president of Paralyzed Veterans of America. “With inflation rates rising and COVID-19’s impact still being felt, these funds are vital, greatly appreciated, and will continue to go towards delivering on our mission of providing more life-changing programs and services to support our veterans in need.”

Penske Automotive Group has raised more than $7 million since becoming a PVA partner in 2015. This year’s donation, which was part of Penske Automotive Group’s 2021 Service Matters campaign, will go directly towards helping veterans with spinal cord injuries and diseases, like MS and ALS, with quality, specialized medical care and treatments, the accessible vehicles and homes they need, the jobs they want, and the benefits they deserve.

“There is no greater way to kick off our eighth year of partnership with PVA than by bestowing them with a donation to help our nation’s veterans,” said Robert H. Kurnick Jr., Penske Automotive Group President. “This donation would not be what it is today without our customers and employees, who have embraced PVA’s important work, generously gave, and supported our initiative from the start – and we thank them all. As we enter a new year, we look forward to supporting even more veterans and helping them live fuller, more productive, and independent lives.”

Please visit pva.org/PAGServes or contact a Penske Automotive Group dealership to learn more about the Service Matters campaign.

Click here to read the full press release.


Connect with Penske Automotive Group!
Find a vehicle: https://www.penskecars.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/PenskeCars
Follow Penske Automotive on Instagram: https://www.instagram.com/penskecars/
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

read more
Community EventGeneralIndustry News

Penske Automotive Group’s “Service Matters” campaign raises over $1 million for Paralyzed Veterans of America in 2019

PVA graphic 2020 edited

Donations total more than $5 million over the past five years.

WASHINGTON (Feb. 19, 2020) — Paralyzed Veterans of America received over $1 million through Penske Automotive Group’s 2019 Service Matters campaign to benefit our nation’s heroes. Since its inception in 2015, Penske Automotive Group’s Service Matters campaign has contributed over $5 million to support PVA.

In 2019, Penske Automotive Group’s dealerships encouraged customers to donate to its Service Matters campaign. To maximize the donation, Penske Automotive Group matched each donation up to $500,000.

“We thank Penske Automotive Group and their dedicated customers for supporting America’s veterans with paralysis and other disabilities,” said David Zurfluh, national president of Paralyzed Veterans of America. “The funds raised through this campaign helps Paralyzed Veterans of America provide life-changing programs and services to ensure our veterans and their families receive the benefits, accessibility, and jobs that they deserve. We are extremely grateful for this partnership with Penske Automotive Group.”

Pictured from Left to Right: Shaun Castle, Deputy Executive Director of PVA; Robert H. Kurnick Jr., Penske Automotive Group President; Carl Blake, Executive Director of PVA

With the wonderful success of the 2019 Service Matters campaign, raising a total of $1,043,520, Penske Automotive Group will continue its partnership with PVA in 2020.

“It was an honor for Penske Automotive Group to be part of this important fundraising effort in 2019, and we are thrilled to extend our partnership with the Paralyzed Veterans of America for another year,” said Robert H. Kurnick Jr., Penske Automotive Group President. “We thank our customers and Penske employees for their continued support of the ‘Service Matters’ campaign and for embracing the admirable work performed by the Paralyzed Veterans of America. We look forward to continuing our work together in 2020 to help ensure our veterans receive the care, opportunity and support they earned by serving our country.”

Please visit pva.org/PAGServes or contact a Penske Automotive Group dealership to learn more about the Service Matters campaign.

Click here to read the full press release.


Connect with Penske Automotive Group!
Find a vehicle: http://www.penskecars.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/PenskeCars
Follow Penske Automotive on Instagram: https://www.instagram.com/penskecars/
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

read more
Company NewsDealer NewsIndustry News

33 Penske Automotive Group Dealerships Named Best To Work For In 2019

MINI of San Diego_Ext (1)

We are proud to announce 33 Penske Automotive Group dealerships have been recognized by Automotive News as the Best Dealerships to Work For in the country.

Six Penske Automotive Group dealerships were named among the top 10 on this year’s list, including Audi Turnersville who was named the number one Best Dealership to Work For. The 33 award-winning dealerships are:

Click here for the full list of dealerships by ranking.

Watch Audi Turnersville accept their award for being named the number one Best Dealership to Work For in 2019:

 


Connect with Penske Automotive Group!

Find a vehicle: http://www.penskecars.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/PenskeCars
Follow Penske Automotive on Instagram: https://www.instagram.com/penskecars
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

read more
Company NewsDealer NewsGeneralIndustry News

Penske Technicians Honored through Elite Technician Program

EliteTech_Banner_PenskeSocial

 

Now in its fourth year, the annual Penske Elite Technician Program recognizes and rewards Penske Automotive Group’s top performing technicians for their outstanding credentials, skills and contributions. To be eligible, technicians must be nominated by management and meet specific program requirements.  132 Penske technicians including 14 finalists were designated as Elite Technicians for the 2019 program. 

After meeting program requirements and advancing through a challenging technical exam, 14 technicians qualified to compete for top honors at the 2019 Penske Elite Tech Challenge in Mooresville, N.C., May 16-19.

 

Brand Finalist
Acura Chauncey Harris
Audi Phillip Daugherty
BMW Kevin West
CarSense Joshua Palazzi
Honda Patrick Meyer
Hyundai Robert Grant
Jaguar/Land Rover Richard Jackson
Lexus Steve Costa
Mercedes-Benz Ron Miller
MINI Mark Gracie
Porsche William Bloom
Toyota Jeff Herron
Ultra-Premium Danny Ng
Volkswagen Rene Campos

During their stay in Mooresville, the 14 brand finalists enjoyed several fun activities and competitions including a pit stop demonstration at the Team Penske racing facility, go-kart racing, and a tour of the NASCAR Hall of Fame with a visit to Roger Penske’s new exhibit. All brand finalists were awarded a ticket to the 2019 Monster Energy NASCAR Cup Series All-Star race at Charlotte Motor Speedway.

As part of the Elite Tech Challenge, the 14 finalists completed a final timed exam during their visit to the UTI training center. Two days later, at the 2019 NASCAR Monster Energy All-Star race, Penske Automotive Group honored the technicians and celebrated the “2019 Penske Automotive Elite Technician of the Year,” Danny Ng from Ferrari Maserati of Central New Jersey, who was the top scorer on the exam. Along with top honors, Danny was awarded a premium prize package.

Thank you to all of our technicians who participated in the 2019 program and congratulations to Danny Ng, our Penske Elite Technician of the Year!


Connect with Penske Automotive Group!

Find a vehicle: http://www.penskecars.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/PenskeCars
Follow Penske Automotive on Instagram: https://www.instagram.com/penskecars
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

 

read more
Company NewsGeneralIndustry News

Join Our Mission To Serve Those Who Have Served

PAG_2019MissionAble_WebBanner_530x331

 

Since 2015, Penske Automotive Group has proudly teamed up with Paralyzed Veterans of America’s Mission: ABLE campaign.

Paralyzed Veteran’s Mission: ABLE campaign encourages veterans and their families, corporate supporters, and friends of the organization to create an America where our most severely injured veterans have access to what they’ve earned and deserve: CARE, JOBS AND BENEFITS.

Your support is essential to the success of this campaign, and we ask you to join us in embracing our mission to serve those who have served. With one donation, you can support Paralyzed Veterans of America’s mission to create an America where our disabled heroes are provided the physical care needed to live a healthy life; receive the benefits they’ve earned through military service; and obtain job training and opportunities for new and fulfilling careers.

“Paralyzed Veterans of America’s work for veterans is admirable and important. It’s an honor for Penske to be a part of this fundraising effort. Through this great partnership, we can continue to change lives of our American heroes and remind citizens, communities and ourselves, that service really does matter.”
–  Robert H. Kurnick Jr., Penske Automotive Group President

Ways to Donate

  1. Service Your Vehicle at a Penske Automotive Group Dealership –Penske Automotive Group service customers are invited to donate to Paralyzed Veterans of America when servicing a vehicle at a U.S. Penske Automotive Group dealership.
  2. Make a Donation Online – Not servicing a vehicle at a Penske dealership? You can make a donation online at www.pva.org/PAGDonates.
    Penske Automotive Group is matching each donation – up to a total contribution of $500,000.

Paralyzed Veterans of America provides free programs and services to these veterans to help them live full and productive lives.

Since its inception in 2015, Penske Automotive Group’s Service Matters campaign has contributed more than $4 million to Paralyzed Veterans of America. Thank you for considering a donation and joining our commitment to serve those who have served. With your help, we can continue to change the lives of our American heroes.

Learn More and Spread the Word

To learn more about the Paralyzed Veterans of America, please contact a Penske Automotive Group dealership or visit www.pva.org/PAGServes. Don’t forget to share this page with a friend and show your support for the campaign by using the hashtag #PAGServes on social media.


Connect with Penske Automotive Group!

Find a vehicle: http://www.penskecars.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/PenskeCars
Follow Penske Automotive on Instagram: https://www.instagram.com/penskecars
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

 

read more
Company NewsGeneralIndustry News

Penske Automotive Group’s “Service Matters” campaign raises over $1 million for Paralyzed Veterans of America in 2018

American Flag with PVA text v2

 

Donations total more than $4 million over last four years

WASHINGTON (Feb. 5, 2019) — Penske Automotive Group raised over $1 million dollars for Paralyzed Veterans of America (PVA) through its 2018 “Service Matters” campaign. Since the beginning of this partnership in 2015, Penske Automotive Group has raised more than $4 million to support PVA.

Throughout 2018, Penske Automotive Group’s dealerships encouraged customers to donate toward its “Service Matters” campaign. To maximize the donation, Penske Automotive Group matched each donation up to $500,000. All funds raised go toward supporting PVA’s programs and services, including: veterans’ benefits assistance; legislative and advocacy efforts; employment counseling; medical services and health policy guidance; investment in spinal cord injury and disease research and education; adaptive sports programs; and architectural support—all of which are provided free of charge to veterans and their families.

Pictured from Left to Right: David Zurfluh, National President of Paralyzed Veterans of America; Robert H. Kurnick Jr., President of Penske Automotive Group; and Carl Blake, Executive Director of Paralyzed Veterans of America

“Through our great partnership with Penske Automotive Group, we have been able to continue providing veterans with disabilities the programs and services they need to help them live full and productive lives,” said David Zurfluh, national president of Paralyzed Veterans of America. “We thank Penske Automotive Group for its enduring commitment to our nation’s veterans, and for the wonderful support of the company’s employees and customers, all of which helps veterans with disabilities access the care, jobs and benefits they’ve earned and deserve.”

With the huge success of the 2018 “Service Matters” campaign, raising a total of $1,063,877, Penske Automotive Group will continue its partnership with PVA for a fifth consecutive year.

“Penske Automotive Group was proud to team up with Paralyzed Veterans of America for this important fundraising campaign in 2018, and we look forward to partnering with the organization again in 2019,” said Robert H. Kurnick Jr., president of Penske Automotive Group. “We thank our employees and our customers for their continuous efforts to support our mission—to serve those who have served us—and for contributing to the life-changing work for veterans with disabilities carried out by Paralyzed Veterans of America.”

To learn more about the “Service Matters” campaign, please contact a Penske Automotive Group dealership or visit pva.org/PAGServes.

Click here to donate to Paralyzed Veterans of America.

Click here to read the full press release.


Connect with Penske Automotive Group!
Find a vehicle: http://www.penskecars.com
Like Penske Automotive on Facebook: https://facebook.com/PenskeCars
Follow Penske Automotive on Twitter: https://twitter.com/PenskeCars
Follow Penske Automotive on Instagram: https://www.instagram.com/penskecars/
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars

read more
Company NewsDealer NewsIndustry News

PENSKE AUTOMOTIVE GROUP DEALERSHIPS NAMED BEST TO WORK FOR IN 2018

Audi Chantilly_Ext

We are proud to announce twenty-four Penske Automotive Group Dealerships have been recognized by Automotive News as among the Best Dealerships to Work For in the United States!

The award winning dealerships are:
• Acura of Fayetteville, Fayetteville, Arkansas – www.acuraoffayetteville.com
• Toyota of Turnersville, Turnersville, New Jersey – www.toyotaofturnersville.com
• Acura Turnersville, Turnersville, New Jersey – www.acuraturnersville.com
• Audi Turnersville, Turnersville, New Jersey – www.auditurnersville.com
• BMW of Turnersville, Turnersville, New Jersey – www.bmwofturnersville.com
• Hyundai of Turnersville, Turnsersville, New Jersey – www.hyundaiofturnersville.com
• Nissan of Turnersville, Turnersville, New Jersey – www.nissanofturnersville.com
• Audi Mentor, Mentor, Ohio – www.audimentor.com
• Honda of Mentor, Mentor, Ohio – www.hondaofmentor.com
• Porsche of Beachwood, Beachwood, Ohio – www.porscheofbeachwood.com
• Mercedes-Benz Greenwich, Greenwich, Connecticut – www.mercedesbenzgreenwich.com
• Mercedes-Benz of Tysons Corner, Vienna, Virginia – www.mercedesbenzoftysonscorner.com
• Audi Chantilly, Chantilly, Virginia – www.audichantilly.com
• Jaguar Land Rover Monmouth, Ocean, New Jersey – www.landrovermonmouth.com;
www.jaguarmonmouth.com
• Porsche Monmouth, Eatontown, New Jersey – www.porschemonmouth.com
• Porsche Fairfield, Fairfield, Connecticut – www.porschefairfield.com
• Honda of Danbury, Danbury, Connecticut – www.hondaofdanbury.com
• Lexus of Bridgewater, Bridgewater, New Jersey – www.lexusofbridgewater.com
• Audi Warwick, Warwick, Rhode Island – www.audiwarwick.com
• BMW of Warwick, Warwick, Rhode Island – www.bmwofwarwick.com
• Infiniti of Warwick, Warwick, Rhode Island – www.infinitiofwarwick.com
• Mini of Warwick, Warwick, Rhode Island – www.warwickmini.com
• Lexus of Warwick, Warwick, Rhode Island – www.lexusofwarwick.com
• Toyota of Surprise, Surprise, Arizona – www.toyotaofsurprise.com

Commenting on the announcement, Penske Automotive Group Chairman Roger Penske said, “We are extremely proud to be recognized by Automotive News as one of its Best Dealerships To Work For in 2018. To represent 24 dealerships on the List of the Top 100 is an extraordinary accomplishment. This level of achievement embodies the commitment, drive and passion of our team, and their efforts in working together to be one of the very best.”


About Penske Automotive
Penske Automotive Group, Inc., (NYSE:PAG) headquartered in Bloomfield Hills, Michigan, is an international transportation services company that operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG employs more than 26,000 people worldwide and is a member of the Fortune 500 and Russell 2000, and is ranked among the World’s Most Admired Companies by Fortune Magazine. For additional information, visit the company’s website at www.penskeautomotive.com.

Find a vehicle: http://www.penskecars.com
Like Penske Automotive on Facebook: https://facebook.com/penskecars
Follow Penske Automotive on Twitter: https://twitter.com/penskecars
Visit Penske Automotive on YouTube: http://www.youtube.com/penskecars
Follow Penske Automotive on Instagram: https://www.instagram.com/penskecars

read more