PENSKE will lease the P4 to a company that is seeking to sell it.
Penske is seeking a price of $2,500 per vehicle, with leasing terms that would make it the most affordable luxury truck in the industry, according to a report in The Hindu.
The RAV 4 was a product of the Volkswagen Group of America.
It was the second-generation of the truck, which was built in Germany.
In its first three years, the P40 won accolades from the Automobile Club of America, which called it “the most fuel-efficient, fuel-conscious and environmentally-friendly luxury truck on the market”.
The P40’s range is now more than double that of the RAV, which has a base price of around $60,000, according the company.
Its fuel economy rating is 12mpg city/22mpg highway, which is up from 11mpg.