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For sale: Garages, hundreds of them.(Penske Auto Centers Inc. will auction assets)(Brief...

By Stumpf, Todd
Publication: Crain's Detroit Business
Date: Monday, June 3 2002

In what might be considered the mother of all garage sales - considering hundreds of garages are actually for sale - the assets of Penske Auto Centers Inc. are up for grabs to the highest bidders.

A joint venture between San Francisco-based Rabin Worldwide, an auction company, and Enfield, Conn.-based Capital Recovery Group will disperse leftover properties and equipment of what was the nation's largest tire dealership, which closed its stores in April.

Troy-based Penske Auto Centers, majority-owned by Roger Penske's Penske Corp., closed its centers in the wa

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