Editor's note: An earlier version of this story incorrectly described the hit on Penske Automotive Group's third-quarter earnings. The company expects a $6 million decline in pretax profit.
Penske Automotive Group Inc. estimates that storm-related losses, expenses and the cost of business interruptions will result in a $6 million pretax profit decline in the third quarter, said Tony Pordon, Penske's executive vice president of investor relations.
Hurricanes Harvey, Irma and Maria hit the operations of 19 dealerships and three collision centers in Texas, Florida, Georgia and Puerto Rico, which together comprise about 9 percent of the auto retailer's first-half revenue, the company said in a statement released Thursday.
But "this isn't about business," it's about people, Pordon told Automotive News.
The nation's second-largest new-vehicle retailer employs 429 people at its seven stores in Puerto Rico and "every one of our associates in Puerto Rico have been impacted. We can't even reach them all" to check on their welfare, Pordon said.