This story was originally published on WardsAuto. To receive daily news and insights, subscribe to our free daily WardsAuto newsletter. Penske Automotive Group, which has a heavy presence in the premium-luxury market, was counting on a typical year-end sales boost from German luxury brands. However, the boost didn’t fully materialize due to tariff-related disruptions, customers pulling ahead purchases of battery-electric vehicles and a “weak operating environment” in the United Kingdom, company executives ...

Core Insights - Penske Automotive Group (PAG) has acquired four dealerships, including Longo Toyota, the top Toyota dealership in the U.S., from Penske Motor Group, enhancing its market presence and revenue potential [1][4]. Dealership Acquisition - The acquisition includes Longo Toyota and Longo Lexus in El Monte, Lexus of Stevens Creek in San Jose, and Longo Toyota of Prosper in Texas [3]. - PAG now owns 100% of these dealerships, which were previously majority owned by Greg Penske, son of PAG's chairman and CEO [4]. Financial Impact - The newly acquired dealerships are expected to generate over $1.5 billion in annualized revenue and sold more than 28,000 new and used vehicles in 2024 [4]. Strategic Advantages - The acquisitions strengthen PAG's relationship with Toyota Motor Corp., increasing its portfolio to 16 Toyota and seven Lexus franchises [5]. - The new locations provide PAG with access to the Los Angeles Metro area, which has significant demographics for both brands [5]. Market Expansion - The Stevens Creek Lexus store is strategically located near PAG's existing Audi and Porsche stores, while the Dallas-area store allows for expansion in a rapidly growing market [6]. Transparency in Transactions - PAG has opted for greater transparency in this acquisition due to the involvement of two Penskes, which is a departure from its previous practices regarding large acquisitions [7].

Group 1 - Toyota is recalling 126,691 Tundra and Lexus vehicles in the U.S. due to manufacturing debris that may stall the engine [1][3] - The recall is being overseen by the U.S. National Highway Traffic Safety Administration (NHTSA) [1][3] - A remedy for the issue is currently under development and will be performed once available [3]

Core Points - Toyota is recalling 126,691 Tundra and Lexus vehicles in the U.S. due to manufacturing debris that may stall the engine [1] Group 1 - The recall affects both Tundra and Lexus models [1] - The action is initiated by the U.S. National Highway Traffic Safety Administration [1] - The potential issue involves manufacturing debris that poses a risk of engine stalling [1]

Sales Performance - Toyota Motor Corporation reported a 1.2% year-on-year rise in global sales to 900,598 vehicles in August 2025, with a 3.7% increase in overseas sales to 766,151 units, while sales in Japan fell by over 10% to 134,447 units [1] - In the first eight months of 2025, Toyota Group sales increased by 6.2% to 7,409,273 units, with sales in Japan rising by almost 18% to 1,365,233 units, and overseas sales increasing by 3.9% to 6,044,040 units [2] - Global sales of Toyota- and Lexus-branded vehicles increased by 5.0% to 6,903,693 units year-to-date, with sales in Japan rising by almost 7.3% to 999,963 units, and overseas sales increasing by 4.6% to 5,903,730 units [3] Regional Sales Insights - Sales in North America increased by 6.6% to 1,953,095 units, while sales in Latin America (excluding Mexico) rose by 3.7% to 328,472 units [3] - In Asia (excluding Japan), deliveries rose by 4.3% to 2,088,133 units, mainly driven by strong growth in China, India, and Vietnam [3] - In Europe, sales increased by just 1.7% to 782,486 units [3] Electrified Vehicle Sales - Toyota and Lexus reported a 16% rise in global sales of electrified vehicles to 3,291,057 units in the first eight months of the year, accounting for 48% of total sales [4] - Sales of battery electric vehicles (BEVs) rose by over 21% to 117,031 units, almost all of which were sold overseas, while sales of hybrid electric vehicles (HEVs) rose by 13% to 2,936,932 units [4] Subsidiary Performance - Daihatsu's global sales surged by 36% to 431,667 units year-to-date, with sales in Japan rebounding by 71% to 342,159 units, while overseas sales dropped by 24% to 89,508 units [5] - Hino Motors reported an almost 9% decline in global sales to 73,913 units, with sales in Japan falling by 15% to 23,111 units, and overseas sales declining by 5.4% to 50,802 units [5]