Analyst
North American Operations
Equibles does not estimate personal net worth.
Richard Shearing is recorded as Analyst at North American Operations. Richard Shearing has spoken on 8 earnings calls across 1 company, most recently for Penske Automotive Group, Inc. on April 29, 2026. The companies whose calls Richard Shearing spoke on are classified in the Consumer Cyclical sector.
“In U.S. retail automotive, same-store new and used unit sales were affected by two major winter storms, Liberation Day tariff announcement, and pull forward of retail sales in March of last year, and lower BEV sales from easing emissions regulations and the elimination of the BEV tax credit at the end of September…”
“In U.S. retail automotive, same-store new and used unit sales decreased 4%, with new decreasing 6% and used decreasing 1%. In Q4, new unit sales in our German luxury brands declined 20% and were impacted by pull-forward activity from tariffs and the expiration of BEV credit.”
“As Roger indicated, our U.S. automotive retail business was strong during the third quarter. Same-store new and used unit sales increased 5%, with new increasing 9% and used increasing 1%.”
“In our automotive retail business during the second quarter we experienced elevated traffic during April and May. We believe the pent-up demand is driving customer resilience and we have seen stronger traffic and closing ratios so far in July with sales up approximately 10 percent month-to-date versus prior year.”
“In our retail, U.S. retail automotive operations, we experienced a rise in traffic, especially near the end of March. For the quarter, U.S. new units increased 8 percent, while used units increased 2 percent.”
North American Operations
Analyst
Source not stated
Auto & Truck Dealerships · Consumer Cyclical
