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2026 Who Brands. All information is provided for educational purposes. Brand names and logos are trademarks of their respective owners.

  1. Home
  2. Brands
  3. Automotive
  4. Premier Truck Group
Premier Truck Group logo
Automotive

Who Owns Premier Truck Group?

Premier Truck Group is owned by Penske Automotive Group, Inc. (NYSE: PAG), which operates it as the commercial truck retail arm. Founded in 1980, the brand is one of the largest Freightliner dealer networks in North America and contributed $3.4 billion of Penske's FY2025 revenue.

Parent Company

Penske Automotive Group, Inc.

Acquired

2016

Status

Private

Headquarters

Knoxville, Tennessee, USA

Premier Truck Group Timeline

1980

Premier Truck Group

Founded by Roger Penske (Penske truck retail development)

Founded
2016
Acquired by Penske Automotive Group, Inc.

Penske Automotive Group, Inc. acquired Premier Truck Group

Acquired
premiumniche leaderUnited Statesall-agesOfficial Website

Who Owns Premier Truck Group?

  • Parent Company: Penske Automotive Group, Inc.
  • Ownership Type: Brand division
  • Acquisition Year: 2016
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: PAG
BrandParent CompanyOwnership Type
Premier Truck GroupPenske Automotive Group, Inc.Brand division

Where to Buy

Disclosure: We may earn commission from purchases
AmazonPremier Truck Group on Amazon

History of Premier Truck Group

  • Founded: 1980
  • Founders: Roger Penske (Penske truck retail development)
  • Acquired by Penske Automotive Group, Inc.: 2016

Penske's commercial truck business grew out of the company's broader vehicle retail expansion, assembling Freightliner and other commercial truck dealerships across North America over decades. The Premier Truck Group brand consolidated those operations under one name in the mid-2010s, creating a coherent commercial truck retail identity separate from the consumer car business.

The network has grown into one of the largest Freightliner dealer groups in North America, with locations concentrated in the Midwest, Southeast, and Southwest US plus Canadian operations. The business model mirrors the auto retail playbook: thin margins on the unit sale, with the profit concentrated in parts, service, and fleet contracts.

FY2025 revenue was $3.4 billion, roughly 11% of the parent's total, but the truck business contributes disproportionately to service and parts gross profit because commercial truck service is a high-margin, high-loyalty business line.

The customer base deserves a note because it is fundamentally different from the auto business. Premier sells to fleet operators, owner-operators, and commercial buyers for whom a truck is a revenue-producing asset, not a consumer purchase. That shifts the value proposition toward uptime, service capacity, and financing rather than showroom experience, and it makes the service relationship even more important than in car retail because a down truck is lost revenue for the customer.

The product range also extends beyond the truck sale: Premier sells parts, service contracts, financing, and telematics support, which means the brand's relationship with a fleet customer extends across the truck's life rather than ending at delivery. That full-lifecycle relationship is the model's strength and the reason the truck group's gross profit per revenue dollar exceeds the auto retail equivalent.

About Penske Automotive Group, Inc.

What does Penske Automotive own?

Penske Automotive Group owns franchised dealerships across the US and internationally, Premier Truck Group, Sytner Group in the UK, Penske Motor Group, and a 28.9% stake in Penske Transportation Solutions, the truck leasing joint venture.

Is Penske Automotive publicly traded?

Yes. It trades on the New York Stock Exchange under ticker PAG and has been public since 1999.

Who founded Penske Automotive?

Roger Penske, the motorsport legend, founded the business. He serves as Chairman and remains the largest individual shareholder.

Where is Penske Automotive headquartered?

Bloomfield Hills, Michigan, USA, in the Detroit metropolitan area.

How many brands does Penske own?

Penske operates primarily under its regional dealership names plus Premier Truck Group, Sytner, Penske Motor Group, and CarShop in the UK.

Who owns Penske Automotive?

Penske is publicly traded with no controlling corporate owner. Roger Penske and affiliated Penske entities hold the largest insider stake.

How large is Penske Automotive?

For 2025, Penske generated $31.8 billion in revenue, $935 million in net income, delivered more than 504,000 vehicles and trucks, and employed approximately 29,000 people.

  • Founded: 1992
  • Headquarters: Bloomfield Hills, Michigan, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: PAG
  • Revenue: $31.8 billion (FY2025)
  • Employees: Approximately 29,000

Visit Penske Automotive Group, Inc. website

View full company profile for Penske Automotive Group, Inc.

Where Is Premier Truck Group Made / Based?

  • Headquarters: Knoxville, Tennessee, USA

Premier Truck Group Categories & Tags

Commercial TrucksFreightlinerTruck DealershipHeavy TrucksFleet Sales

Premier Truck Group Sustainability & Ethics

Premier Truck Group operates under Penske Automotive's corporate responsibility framework, covering technician workforce development and diesel service operations. Its product, diesel and increasingly alternative-fuel commercial trucks, sits in a transition industry where emissions standards drive product evolution, but the brand itself holds no environmental certifications.

The aftersales operation is the profit center. Premier's service and parts business, selling maintenance contracts, parts, and repair services to fleet customers, produces a disproportionate share of the brand's gross profit relative to its revenue, the same pattern that makes the automotive service book the parent's most valuable line but amplified by the higher cost and criticality of commercial truck uptime.

The Freightliner franchise position is the structural advantage. Freightliner is the dominant heavy truck brand in North America, and Premier's place inside that franchise gives it access to the best-selling product line in the category, a structural advantage that is hard for competing dealers to replicate regardless of their operational quality.

The vocational breadth is also worth noting. Premier sells and services trucks across weight classes from medium-duty box trucks to heavy tractor-trailers plus vocational and specialty vehicles, which means it serves customers from local delivery fleets to long-haul carriers, a breadth that supports a larger and more diversified service book than a single-segment dealer.

The truck sales mix also deserves a note. Premier sells both new and used commercial trucks, plus trailers and vocational equipment, which gives it a used-truck channel that captures value-seeking buyers and a full lifecycle offering that extends beyond the new-vehicle sale alone.

Awards & Recognition

Premier Truck Group is recognized within the commercial truck industry as one of the largest Freightliner dealer networks in North America, a standing based on franchise scale and service capacity rather than consumer-facing awards. The brand's credentials are freight-industry credibility and OEM franchise standing.

Premier Truck Group Recalls & Controversies

As a truck dealer rather than a manufacturer, Premier Truck Group's exposure is to service and franchise disputes rather than vehicle recalls. The brand has no material controversies or enforcement actions on record; its legal profile is the routine commercial litigation of a large dealer group.

Brands Owned by Penske Automotive Group, Inc.

Penske AutomotiveAutomotive

Penske Automotive

Owned by Penske Automotive Group, Inc.

Flagship automotive retail brand of Penske Automotive Group, operating franchised dealerships across the United States and internationally under the Penske name.

car-dealershipautomotive-retailnew-cars
View all brands owned by Penske Automotive Group, Inc.

Premier Truck Group Ownership: Pros & Cons

Advantages

  • +Access to Freightliner, the dominant North American truck franchise
  • +High-margin service and parts book is more profitable than the vehicle sale
  • +Backed by Penske scale and capital for network growth
  • +Commercial truck service is a loyalty-driven annuity business

Considerations

  • -Commercial truck demand is cyclical and freight-market dependent
  • -Thin unit-sale margins require volume to cover fixed costs
  • -Freight market softness directly hits truck retail
  • -Not separately traded; value consolidated inside the parent

Frequently Asked Questions About Premier Truck Group

Sources & Further Reading

  • Premier Truck Group Official Website
  • Penske Automotive Group Official Website
  • Penske Automotive Investor Relations
  • Penske Automotive FY2025 Form 10-K
  • SEC EDGAR: Penske Filings

Competitors to Premier Truck Group

No direct competitors found in the same category. This could be because Premier Truck Groupoperates in a unique market segment or we're still building our competitor database.

Independent Alternatives to Premier Truck Group

Looking for brands with different ownership structures? These similar brands are not owned by Penske Automotive Group, Inc., giving you alternative choices that support different corporate structures.

Rush EnterprisesAutomotive

Rush Enterprises

Owned by Rush Enterprises

Largest network of commercial vehicle dealerships in North America, operating Peterbilt and International truck centers.

truck-dealershipcommercial-vehiclespeterbilt
Publicly Traded

Rush Enterprises operates independently without a large parent corporation.

CumminsAutomotive

Cummins

Owned by Cummins Inc.

Master brand of Cummins Inc., covering diesel and natural gas engines, power generation systems, and components for trucks, construction, agriculture, and data center backup power.

diesel-enginespower-generationtruck-engines
Publicly Traded

Cummins operates independently without a large parent corporation.

AutoNationAutomotive

AutoNation

Owned by AutoNation, Inc.

America's largest single-brand automotive retailer, operating new-vehicle franchises, collision centers, and service operations under one national banner.

automotive-retailcar-dealershipsautonation
Publicly Traded

AutoNation operates independently without a large parent corporation.

CarMaxAutomotive

CarMax

Owned by CarMax, Inc.

Consumer-facing used vehicle retail brand of CarMax, Inc., the largest used car retailer in the United States with more than 250 stores nationwide.

used-carsauto-retailcarmax
Publicly Traded

CarMax operates independently without a large parent corporation.

FerrariAutomotive

Ferrari

Owned by Ferrari N.V.

Italian luxury sports car manufacturer founded in 1947 by Enzo Ferrari in Maranello. Publicly traded as Ferrari N.V. (NYSE: RACE). Known for Formula 1 racing, V12 engines, and limited-production exclusivity.

luxury-carssports-carsautomotive
Publicly Traded

Ferrari operates independently without a large parent corporation.

GenesisAutomotive

Genesis

Owned by Hyundai Motor Group

South Korean luxury vehicle brand specializing in premium automobiles, owned by Hyundai Motor Group.

luxuryautomotivepremium-vehicles
Privately Owned

Genesis is owned by Hyundai Motor Group, a private company, a different structure than Premier Truck Group's parent.

Penske Automotive Group, Inc. Stock Information

Jobs at Penske Automotive Group, Inc.

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Last reviewed: September 26, 2026 · Reviewed by Who Brands Editorial Team