Penske Automotive Group announced its second quarter earnings last week. Revenue for the business was up 6% year over year, and adjusted income before taxes (when excluding the sale of dealerships) was $323 million, with adjusted net income of $237.7 million.
Business wasn’t quite as strong in its commercial truck dealership division, as lower order intake related to the weak freight environment in the third and fourth quarters of 2025 impacted truck deliveries during the second quarter of 2026.
Penske reports its Premier Truck Group retailed 5,431 new and used units and generated $927.8 million in revenue and $47.2 million in income before taxes in the second quarter. The company says this compares to 5,339 new and used units, $943.6 million of revenue, and $54.2 million in income before taxes during the same period in the prior year.
[RELATED: Rush holds steady in second quarter, sees gradually improving market]
The company anticipates the market will be stronger for the division in the months ahead, citing improved freight dynamics and climbing order levels.
Overall, Penske reports its retail commercial truck dealership operations experienced a 5% increase in service and parts revenue during the quarter. For the six months ended June 30, the company's retail commercial truck dealerships retailed 9,014 new and used units and generated $1.6 billion in revenue and $83.5 million in income before taxes. This compares to 10,053 new and used units, $1.8 billion in revenue, and $99.3 million in income before taxes during the same period in the prior year.
“I am encouraged with the trends we are experiencing across the commercial truck market from an improved freight environment, driving strong orders of Class 8 trucks,” says Roger Penske, chairman.
