![]() ![]() “By the end of 2023, our goal is to expand CarShop from 17 locations to 40, grow annual unit sales to 150,000, and increase revenue to $2.5 to $3.0 billion, more than doubling the size of the existing business while generating earnings before taxes of approximately $100 million.”Īnthony R. “In 2020, the used vehicle SuperCenters sold over 50,000 used units and generated over $1 billion in revenue,” Penske said in a press release. A spokesman for Penske automotive said the company wanted to create one global brand for its used vehicle SuperCenters, and chose the CarShop name.Īccording to Penske Automotive CEO Roger Penske, the company is taking “the next step” in developing its SuperCenter brand. In addition to six CarSense locations in the U.S., Penske Automotive owns 11 CarShop locations in the U.K. The rebranding was completed March 1, and obvious to anyone driving past the company’s Chester Springs location, where the new CarShop logo adorns the building. CarSense has become CarShop as part of a global rebranding by the company’s owner, Penske Automotive Group Inc. A Chester County-based used car retailer has a new name.
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