# @asotu on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=Sv10SzzBkfM
- **Gondola URL:** https://gondola.cc/posts/68727975-asotu-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/2294bc6ebb.jpg
- **Posted:** 2026-07-23T14:09:02.000+00:00
- **Account Owner:** ASOTU | More Than Cars (@asotu) — https://gondola.cc/asotu

## Caption

Episode #1404: The nation's No. 2 auto retailer looks to go private in a $3.8 billion deal, a viral TikTok perpetuates the stigma that dealers are the problem.


https://www.autonews.com/retail/an-penske-mitsui-offer-penske-automotive-private-0722/
The nation's second-largest automotive retailer may soon leave the public markets. Penske Corp. and Japanese partner Mitsui have launched a $3.8 billion bid to take Penske Automotive Group private, a move that could give the dealership giant more flexibility to invest and plan for the long term.
-Penske Corp. and Mitsui are offering $210 per share for the 28% of Penske Automotive Group they don't already own.
-Shares jumped nearly 10% after the announcement, though some investors may push for a higher offer.
-Management says operating as a private company would provide greater flexibility to invest, innovate, and make long-term decisions.
-Analysts say the move could also simplify future leadership succession while reducing pressure from quarterly earnings expectations.
-"It's easier to do all these things in the context of a private company." — Stephens analyst Jeff Lick

https://www.tiktok.com/@kiddy6770/video/7646028072763788575
Our good friend Don Hall of VADA sent us this viral TikTok that’s making the rounds, so we’re going to watch and react.

0:00 Intro with Paul J Daly and Kyle Mountsier
2:52 Penske Launches $3.8B Bid to Go Private
5:38 Reacting To Viral "Why Can't You Buy A Car From The Manufacturer?" TikTok
10:53 Reading TikTok Comments

Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.
Follow the show on Apple Podcasts: https://podcasts.apple.com/us/podcast/automotive-state-of-the-union/id1588099481
Listen on Spotify: https://open.spotify.com/show/2LYfBYnIDxU2gcDhKx9QXC?si=4c3ac53109d94ba

## Stats

- **Views:** 191
- **Likes:** 8
- **Shares:** 0
- **Comments:** 0

## Credits

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Rob Downes | @designedbydownes | https://gondola.cc/designedbydownes | Graphic Designer |
| Rob Downes | @designedbydownes | https://gondola.cc/designedbydownes | Senior Social Media Manager |
| Rob Downes | @designedbydownes | https://gondola.cc/designedbydownes | Creator |
| Rob Downes | @designedbydownes | https://gondola.cc/designedbydownes | Creative |

## Tags

1404

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