Penske Automotive (PAG) 10-Q29 Oct 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 23, 2014
Document and Entity Information	'	'
Entity Registrant Name	'PENSKE AUTOMOTIVE GROUP, INC.	'
Entity Central Index Key	'0001019849	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	90,227,323
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_CONDENSED_BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash and cash equivalents	$150.50	$49.80
Accounts receivable, net of allowance for doubtful accounts of $4.7 and $3.4	643.8	600.8
Inventories	2,479	2,518.30
Other current assets	100.4	88.4
Assets held for sale	45.6	107.3
Total current assets	3,419.30	3,364.60
Property and equipment, net	1,375.10	1,232.20
Goodwill	1,187.70	1,144.50
Franchise value	295	295.4
Equity method investments	386.5	346.9
Other long-term assets	18.7	31.9
Total assets	6,682.30	6,415.50
LIABILITIES AND EQUITY	'	'
Floor plan notes payable	1,606.10	1,685.10
Floor plan notes payable - non-trade	893.6	901.6
Accounts payable	382.7	373.3
Accrued expenses	317.3	262.6
Current portion of long-term debt	71.8	50
Liabilities held for sale	33.7	59.7
Total current liabilities	3,305.20	3,332.30
Long-term debt	1,161.60	1,033.20
Deferred tax liabilities	374.3	361.4
Other long-term liabilities	185.8	166.5
Total liabilities	5,026.90	4,893.40
Commitments and contingent liabilities (Note 9)	'	'
Penske Automotive Group stockholders' equity:	'	'
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	'	'
Common Stock	'	'
Additional paid-in-capital	688.7	693.6
Retained earnings	962.6	799.2
Accumulated other comprehensive income (loss)	-13.4	11.6
Total Penske Automotive Group stockholders' equity	1,637.90	1,504.40
Non-controlling interest	17.5	17.7
Total equity	1,655.40	1,522.10
Total liabilities and equity	6,682.30	6,415.50
Non-voting Common Stock	'	'
Penske Automotive Group stockholders' equity:	'	'
Common Stock	'	'
Class C Common Stock	'	'
Penske Automotive Group stockholders' equity:	'	'
Common Stock	'	'

CONSOLIDATED_CONDENSED_BALANCE1

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accounts receivable, allowance for doubtful accounts (in dollars)	$4.70	$3.40
Preferred Stock, par value (in dollars per share)	$0.00	$0.00
Preferred Stock, shares authorized	100,000	100,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value (in dollars per share)	$0.00	$0.00
Common Stock, shares authorized	240,000,000	240,000,000
Common Stock, shares issued	90,227,323	90,243,731
Common Stock, shares outstanding	90,227,323	90,243,731
Non-voting Common Stock	'	'
Common Stock, par value (in dollars per share)	$0.00	$0.00
Common Stock, shares authorized	7,125,000	7,125,000
Common Stock, shares issued	0	0
Common Stock, shares outstanding	0	0
Class C Common Stock	'	'
Common Stock, par value (in dollars per share)	$0.00	$0.00
Common Stock, shares authorized	20,000,000	20,000,000
Common Stock, shares issued	0	0
Common Stock, shares outstanding	0	0

CONSOLIDATED_CONDENSED_STATEME

CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue:	'	'	'	'
Total revenues	$4,417.90	$3,759.10	$12,872.60	$10,739
Cost of sales:	'	'	'	'
Total cost of sales	3,759.20	3,188	10,923	9,081.80
Gross profit	658.7	571.1	1,949.60	1,657.20
Selling, general and administrative expenses	512.9	446.4	1,513.90	1,286.20
Depreciation	17.8	15.4	51.8	44.4
Operating income	128	109.3	383.9	326.6
Floor plan interest expense	-11.2	-10.6	-33.9	-31.4
Other interest expense	-13.3	-12.3	-39.5	-35.7
Equity in earnings of affiliates	12.7	11.2	28.7	22.4
Income from continuing operations before income taxes	116.2	97.6	339.2	281.9
Income taxes	-39.2	-31.3	-114.4	-94.5
Income from continuing operations	77	66.3	224.8	187.4
Loss from discontinued operations, net of tax	-1.9	-0.8	-7.9	-1.4
Net income	75.1	65.5	216.9	186
Less: Income attributable to non-controlling interests	0.6	0.2	2	1
Net income attributable to Penske Automotive Group common stockholders	74.5	65.3	214.9	185
Basic earnings per share attributable to Penske Automotive Group common stockholders:	'	'	'	'
Continuing operations (in dollars per share)	$0.85	$0.73	$2.46	$2.06
Discontinued operations (in dollars per share)	($0.02)	($0.01)	($0.08)	($0.01)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	$0.83	$0.72	$2.38	$2.05
Shares used in determining basic earnings per share (Note 6) (in shares)	90.3	90.2	90.4	90.3
Diluted earnings per share attributable to Penske Automotive Group common stockholders:	'	'	'	'
Continuing operations (in dollars per share)	$0.85	$0.73	$2.46	$2.06
Discontinued operations (in dollars per share)	($0.02)	($0.01)	($0.08)	($0.01)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)	$0.83	$0.72	$2.38	$2.05
Shares used in determining diluted earnings per share (Note 6) (in shares)	90.3	90.2	90.4	90.3
Amounts attributable to Penske Automotive Group common stockholders:	'	'	'	'
Income from continuing operations	77	66.3	224.8	187.4
Less: Income attributable to non-controlling interests	0.6	0.2	2	1
Income from continuing operations, net of tax	76.4	66.1	222.8	186.4
Loss from discontinued operations, net of tax	-1.9	-0.8	-7.9	-1.4
Net income attributable to Penske Automotive Group common stockholders	74.5	65.3	214.9	185
New vehicle	'	'	'	'
Revenue:	'	'	'	'
Total revenues	2,231.10	1,964.50	6,495.50	5,575.30
Cost of sales:	'	'	'	'
Total cost of sales	2,059.90	1,817	5,994.70	5,152.40
Used vehicle	'	'	'	'
Revenue:	'	'	'	'
Total revenues	1,301.90	1,078.50	3,776.80	3,128.40
Cost of sales:	'	'	'	'
Total cost of sales	1,216.10	998.6	3,513.70	2,891.50
Finance and insurance, net	'	'	'	'
Revenue:	'	'	'	'
Total revenues	114.7	98.2	331.9	278.8
Service and parts	'	'	'	'
Revenue:	'	'	'	'
Total revenues	435.5	375	1,288.70	1,139.60
Cost of sales:	'	'	'	'
Total cost of sales	176.8	149.3	522.7	461.5
Fleet and wholesale	'	'	'	'
Revenue:	'	'	'	'
Total revenues	215.9	177	620.6	529.2
Cost of sales:	'	'	'	'
Total cost of sales	214.6	174.7	611.8	520.1
Commercial vehicles, car rental and other	'	'	'	'
Revenue:	'	'	'	'
Total revenues	118.8	65.9	359.1	87.7
Cost of sales:	'	'	'	'
Total cost of sales	$91.80	$48.40	$280.10	$56.30

CONSOLIDATED_CONDENSED_STATEME1

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'	'
Net Income	$75.10	$65.50	$216.90	$186
Other Comprehensive Income:	'	'	'	'
Foreign currency translation adjustment	-53.5	41.8	-27.4	6.7
Unrealized gain (loss) on interest rate swaps:	'	'	'	'
Unrealized gain (loss) arising during the period, net of tax benefit	'	0.3	-0.2	0.8
Reclassification adjustment for loss included in floor plan interest expense, net of tax provision of $0.7, $0.4, $2.2, and $1.4, respectively	1.1	0.5	3.4	2.2
Unrealized gain on interest rate swaps, net of tax	1.1	0.8	3.2	3
Other adjustments to Comprehensive Income, net	1.4	-4.2	-1.8	-5.4
Other Comprehensive Income (Loss), Net of Taxes	-51	38.4	-26	4.3
Comprehensive Income	24.1	103.9	190.9	190.3
Less: Comprehensive (loss) income attributable to non-controlling interests	-0.1	0.2	1	1.5
Comprehensive income attributable to Penske Automotive Group common stockholders	$24.20	$103.70	$189.90	$188.80

CONSOLIDATED_CONDENSED_STATEME2

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'	'
Reclassification adjustment for loss included in floor plan interest expense, tax provision	$0.70	$0.40	$2.20	$1.40

CONSOLIDATED_CONDENSED_STATEME3

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating Activities:	'	'
Net income	$216.90	$186
Adjustments to reconcile net income to net cash from continuing operating activities:	'	'
Depreciation	51.8	44.4
Earnings of equity method investments	-22.9	-18.5
Loss from discontinued operations, net of tax	7.9	1.4
Deferred income taxes	9.8	47.1
Changes in operating assets and liabilities:	'	'
Accounts receivable	-43.1	-16.4
Inventories	69.2	-153.1
Floor plan notes payable	-79	126.5
Accounts payable and accrued expenses	62.8	66.3
Other	3.9	12.9
Net cash provided by continuing operating activities	277.3	296.6
Investing Activities:	'	'
Purchase of equipment and improvements	-119.6	-122.2
Purchase of car rental vehicles	-93.5	-82.3
Disposal of car rental vehicles	45.1	8
Dealership acquisitions net, including repayment of sellers' floor plan notes payable of $23.0 and $1.0, respectively	-86.2	-221.2
Other	-25.3	-15.5
Net cash used in continuing investing activities	-279.5	-433.2
Financing Activities:	'	'
Proceeds from borrowings under U.S. credit agreement revolving credit line	951.1	808.7
Repayments under U.S. credit agreement revolving credit line	-867.1	-814.7
Repayments under U.S. credit agreement term loan	'	-12
Proceeds from borrowings under car rental revolver	95.7	104.4
Repayments of car rental revolver	-72.6	-30.5
Net borrowings of other long-term debt	42.8	68
Net (repayments) borrowings of floor plan notes payable - non-trade	-8	78
Repurchases of common stock	-15.5	-15.8
Dividends	-51.5	-40.7
Other	0.3	0.2
Net cash provided by continuing financing activities	75.2	145.6
Discontinued operations:	'	'
Net cash (used in)/provided by discontinued operating activities	-23.2	13
Net cash provided by discontinued investing activities	54.1	29.2
Net cash used in discontinued financing activities	-3.2	-23.7
Net cash provided by discontinued operations	27.7	18.5
Net change in cash and cash equivalents	100.7	27.5
Cash and cash equivalents, beginning of period	49.8	43.8
Cash and cash equivalents, end of period	150.5	71.3
Cash paid for:	'	'
Interest	67.7	62
Income taxes	$85.60	$23.20

CONSOLIDATED_CONDENSED_STATEME4

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF CASH FLOWS	'	'
Dealership acquisitions net, repayment of sellers' floor plan notes payable	$23	$1

CONSOLIDATED_CONDENSED_STATEME5

CONSOLIDATED CONDENSED STATEMENT OF EQUITY (USD $)	Total Stockholders' Equity Attributable to Penske Automotive Group	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interest	Total
In Millions, except Share data, unless otherwise specified	USD ($)	Common Stock	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Balance at Dec. 31, 2013	$1,504.40	'	$693.60	$799.20	$11.60	$17.70	$1,522.10
Balance (in shares) at Dec. 31, 2013	'	90,243,731	'	'	'	'	'
Increase (decrease) in stockholders' equity	'	'	'	'	'	'	'
Equity compensation	10.3	'	10.3	'	'	'	10.3
Equity compensation (in shares)	'	318,942	'	'	'	'	'
Repurchase of common stock	-15.5	'	-15.5	'	'	'	-15.5
Repurchase of common stock (in shares)	'	-335,350	'	'	'	'	'
Dividends	-51.5	'	'	-51.5	'	'	-51.5
Distributions to non-controlling interests	'	'	'	'	'	-1.5	-1.5
Purchase of controlling interest	'	'	'	'	'	0.2	0.2
Sale of subsidiary shares to non-controlling interest	0.3	'	0.3	'	'	0.1	0.4
Foreign currency translation	-26.4	'	'	'	-26.4	-1	-27.4
Interest rate swaps	3.2	'	'	'	3.2	'	3.2
Other	-1.8	'	'	'	-1.8	'	-1.8
Net income	214.9	'	'	214.9	'	2	216.9
Balance at Sep. 30, 2014	$1,637.90	'	$688.70	$962.60	($13.40)	$17.50	$1,655.40
Balance (in shares) at Sep. 30, 2014	'	90,227,323	'	'	'	'	'

Interim_Financial_Statements

Interim Financial Statements	9 Months Ended
Interim Financial Statements	Sep. 30, 2014
Interim Financial Statements.	'
Interim Financial Statements	'
	1. Interim Financial Statements

	Business Overview

	Unless the context otherwise requires, the use of the terms “PAG”, “we”, “us”, and “our” in these Notes to the Consolidated Condensed Financial Statements refers to Penske Automotive Group, Inc. and its consolidated subsidiaries.

	We are an international transportation services company that operates automotive dealerships principally in the United States and Western Europe, and distributes commercial vehicles, engines, power systems and related parts and services principally in Australia and New Zealand. We employ approximately 20,000 people worldwide.

	Automotive Dealership. We are the second largest automotive retailer headquartered in the U.S. as measured by the $14.7 billion in total revenue we generated in 2013. As of September 30, 2014, we operated 324 automotive retail franchises, of which 177 franchises are located in the U.S. and 147 franchises are located outside of the U.S. The franchises outside the U.S. are located primarily in the U.K. In the nine months ended September 30, 2014, we retailed and wholesaled more than 363,000 vehicles. We are diversified geographically, with 61% of our total automotive dealership revenues in the nine months ended September 30, 2014 generated in the U.S. and Puerto Rico and 39% generated outside the U.S. We offer over 35 vehicle brands, with 71% of our automotive dealership revenue in the nine months ended September 30, 2014 generated from premium brands, such as Audi, BMW, Mercedes-Benz and Porsche. Each of our dealerships offers a wide selection of new and used vehicles for sale. In addition to selling new and used vehicles, we generate higher-margin revenue at each of our dealerships through maintenance and repair services and the sale and placement of higher-margin products, such as third-party finance and insurance products, third-party extended service contracts and replacement and aftermarket automotive products. We operate these dealerships under franchise agreements with a number of automotive manufacturers and distributors which are subject to certain rights and restrictions typical of the industry.

	During the nine months ended September 30, 2014, we acquired one U.S. franchise, BMW of Greenwich (CT), one U.K. franchise, Skipton VW, were awarded four franchises and disposed of seven franchises including four in Bremen, Germany which were consolidated with our Hamburg operations. During the three months ended September 30, 2014, we invested $16.6 million for a 50% ownership interest in a group of BMW and MINI dealerships operating eight franchises in Barcelona, Spain.

	Commercial Vehicle, Engine, Power Systems, and Parts Distribution. On August 30, 2013, we acquired Western Star Trucks Australia, the exclusive importer and distributor of Western Star heavy duty trucks (a Daimler brand), MAN heavy and medium duty trucks and buses (a VW Group brand), and Dennis Eagle refuse collection vehicles, together with associated parts across Australia, New Zealand and portions of Southeast Asia. The business distributes vehicles and parts to a network of more than 70 dealership locations including three company-owned retail commercial vehicle dealerships. In October 2014, we acquired MTU Detroit Diesel Australia Pty Ltd., a distributor of diesel and gas engines and power systems, operating across the on-and off-highway markets in Australia, New Zealand and the Pacific. The on-highway portion of this business complements our existing Western Star truck distribution business.

	Car Rental. We are the Hertz car rental franchisee in the Memphis, Tennessee market and certain Indiana markets. We currently manage more than fifty on- and off-airport Hertz car rental locations with approximately 6,400 vehicles in the fleet. Our car rental business complements our existing U.S. automotive dealership operations.

	Penske Truck Leasing. We hold a 9.0% limited partnership interest in Penske Truck Leasing Co., L.P. (‘‘PTL’’), a leading provider of transportation services and supply chain management.

	Basis of Presentation

	The following unaudited consolidated condensed financial statements of PAG have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in our annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the SEC rules and regulations. The information presented as of September 30, 2014 and December 31, 2013 and for the three and nine month periods ended September 30, 2014 and 2013 is unaudited, but includes all adjustments which our management believes to be necessary for the fair presentation of results for the periods presented. The consolidated condensed financial statements for the prior periods have been revised for entities that have been treated as discontinued operations through September 30, 2014, and results for interim periods are not necessarily indicative of results to be expected for the year. These consolidated condensed financial statements should be read in conjunction with our audited financial statements for the year ended December 31, 2013, which are included as part of our Annual Report on Form 10-K.

	Recent Accounting Pronouncements

	In March 2013, the FASB issued ASU No. 2013-05, “Foreign Currency Matters (Topic 830) — Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.” ASU No. 2013-05 resolves the diversity in practice about whether Subtopic 810-10, Consolidation — Overall, or Subtopic 830-30, Foreign Currency Matters — Translation of Financial Statements, applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. This ASU was effective prospectively for us for the annual period beginning January 1, 2014. The adoption of ASU No. 2013-05 has had no effect on our consolidated financial position, results of operations, or cash flows.

	In July 2013, the FASB issued ASU No. 2013-10, “Derivatives and Hedging (Topic 815) — Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes.” The amendments in ASU No. 2013-10 permit the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to UST and LIBOR. This ASU was effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU No. 2013-10 has had no effect on our consolidated financial position, results of operations, or cash flows.

	In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740) — Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU No. 2013-11 resolves the diversity in practice regarding the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This ASU was effective for us for the annual period beginning January 1, 2014. The adoption of ASU No. 2013-11 has had no effect on our consolidated financial position, results of operations, or cash flows.

	In April 2014, the FASB issued ASU No. 2014-8, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) — Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” ASU No. 2014-8 changes the requirements for reporting discontinued operations to only allow presentation of a disposal of an entity or component of an entity as a discontinued operation if it represents a strategic shift that has (or will have) a major effect on an entity’s operations or financial results. This ASU is effective for us for the annual period beginning January 1, 2015. We anticipate the adoption of ASU No. 2014-8 to result in fewer of our disposals qualifying for discontinued operations treatment.

	In May 2014, the FASB issued ASU No. 2014-9, “Revenue from Contracts with Customers (Topic 606).” This ASU supersedes the revenue recognition requirements in Accounting Standards Codification (“ASC”) 605, Revenue Recognition. ASU No. 2014-09 will require an entity to recognize revenue when it transfers promised goods or services to customers using a five-step model that requires entities to exercise judgment when considering the terms of the contracts. This ASU is effective for us beginning after January 1, 2017 and can be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. We are currently assessing the impact the adoption of this update will have on our consolidated financial position, results of operations, and cash flows.

	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements — Going Concern (Subtopic 205-40) — Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 will require management to assess an entity’s ability to continue as a going concern for each annual and interim reporting period, and to provide related footnote disclosure in circumstances in which substantial doubt exists. This ASU is effective for us for the annual period ending December 31, 2016, and we will continue to assess the impact on our consolidated financial statements.

	Discontinued Operations

	We account for dispositions in our retail operations as discontinued operations when it is evident that the operations and cash flows of a franchise being disposed of will be eliminated from on-going operations and that we will not have any significant continuing involvement in its operations.

	In evaluating whether the cash flows of a dealership in our Retail reportable segment will be eliminated from ongoing operations, we consider whether it is likely that customers will migrate to similar franchises that we own in the same geographic market. Our consideration includes an evaluation of the brands sold at other dealerships we operate in the market and their proximity to the franchise being disposed. When we dispose of franchises, we typically do not have continuing brand representation in that market. If the franchise being disposed of is located in a complex of PAG owned dealerships, we do not treat the disposition as a discontinued operation if we believe that the cash flows previously generated by the disposed franchise will be replaced by expanded operations of the remaining or replacement franchises.

	Combined financial information regarding entities accounted for as discontinued operations follows:

			Three Months Ended September 30,						Nine Months Ended September 30,
			2014			2013			2014			2013
	Revenues		$	25.4		$	80.1		$	101.6		$	351.8
	Pre-tax income (loss)		$	(2.5	)	$	(0.6	)	$	(18.7	)	$	(1.2	)
	Pre-tax gain (loss) on disposal		$	—		$	—		$	14.8		$	0.8

			September 30,			December 31,
			2014			2013

	Inventories		$	22.7		$	55.8
	Other assets		22.9			51.5
	Total assets		$	45.6		$	107.3

	Floor plan notes payable (including non-trade)		$	18.3		$	43.6
	Other liabilities		15.4			16.1
	Total liabilities		$	33.7		$	59.7

	Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accounts requiring the use of significant estimates include accounts receivable, inventories, income taxes, intangible assets and certain reserves.

Fair Value of Financial Instruments

Accounting standards define fair value as the price that would be received from selling an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Accounting standards establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value and also establishes the following three levels of inputs that may be used to measure fair value:

Level 1	Quoted prices in active markets for identical assets or liabilities

Level 2	Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted market prices in markets that are not active; or model-derived valuations or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities

Level 3	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities

Our financial instruments consist of cash and cash equivalents, debt, floor plan notes payable, forward exchange contracts and interest rate swaps used to hedge future cash flows. Other than our fixed rate debt, the carrying amount of all significant financial instruments approximates fair value due either to length of maturity, the existence of variable interest rates that approximate prevailing market rates, or as a result of mark to market accounting.

Our fixed rate debt consists of amounts outstanding under our senior subordinated notes and mortgage facilities. We estimate the fair value of our senior unsecured notes using quoted prices for the identical liability (Level 2), and we estimate the fair value of our mortgage facilities using a present value technique based on our current market interest rates for similar types of financial instruments (Level 2). A summary of the carrying values and fair values of our 5.75% senior subordinated notes and our fixed rate mortgage facilities are as follows:

		September 30, 2014						December 31, 2013
		Carrying Value			Fair Value			Carrying Value			Fair Value
5.75% senior subordinated notes due 2022		$	550.0		$	567.6		$	550.0		$	565.1
Mortgage facilities		130.9			131.6			118.6			117.0

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventories	'
Inventories	'
	2. Inventories

	Inventories consisted of the following:

		September 30,		December 31,
		2014		2013
	New vehicles	$	1,627.1	$	1,709.4
	Used vehicles	629.9		585.5
	Commercial vehicles	120.3		126.9
	Parts, accessories and other	101.7		96.5
	Total inventories	$	2,479.0	$	2,518.3

	We receive credits from certain vehicle manufacturers that reduce cost of sales when the vehicles are sold. Such credits amounted to $10.9 million and $8.8 million during the three months ended September 30, 2014 and 2013, respectively, and $30.6 million and $25.2 million during the nine months ended September 30, 2014 and 2013, respectively.

Business_Combinations

Business Combinations	9 Months Ended
Business Combinations	Sep. 30, 2014
Business Combinations	'
Business Combinations	'
	3. Business Combinations

	We acquired two automotive retail franchises during the nine months ended September 30, 2014. We acquired Penske Commercial Vehicles as discussed in Note 1, one Hertz car rental franchise market area and one automotive retail franchise during the nine months ended September 30, 2013. During the nine months ended September 30, 2014 we also made an additional investment in an entity previously accounted under the equity method. Our financial statements include the results of operations of the acquired entities from the date of acquisition. The fair value of the assets acquired and liabilities assumed have been recorded in our consolidated condensed financial statements, and may be subject to adjustment pending completion of final valuation. A summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed for the nine months ended September 30, 2014 and 2013 follows:

		September 30
		2014			2013
	Accounts receivable	$	0.7		$	20.1
	Inventory	29.1			124.3
	Other current assets	1.2			2.8
	Property and equipment	4.1			26.1
	Indefinite-lived intangibles	57.1			133.1
	Other non-current assets	—			8.4
	Current liabilities	(2.6		)	(94.1		)
	Non-current liabilities	(2.2		)	0.5
	Total consideration	87.4			221.2
	Seller financed/assumed debt	(1.2		)	—
	Cash used in dealership acquisitions	$	86.2		$	221.2

	The following unaudited consolidated pro forma results of operations of PAG for the three and nine months ended September 30, 2014 and 2013 give effect to acquisitions consummated during 2014 and 2013 as if they had occurred effective at the beginning of the period:

		Three Months Ended September 30,						Nine Months Ended September 30,
		2014			2013			2014		2013
	Revenues	$	4,417.9		$	4,115.0		$	12,916.0	$	11,997.8
	Income from continuing operations	76.4			73.5			222.9		216.6
	Net income	74.5			72.7			215.0		215.2
	Income from continuing operations per diluted common share	$	0.85		$	0.81		$	2.46	$	2.39
	Net income per diluted common share	$	0.83		$	0.80		$	2.38	$	2.38

Intangible_Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2014
Intangible Assets	'
Intangible Assets	'
	4. Intangible Assets

	Following is a summary of the changes in the carrying amount of goodwill and franchise value during the nine months ended September 30, 2014:

		Goodwill			Franchise
					Value
	Balance, January 1, 2014	$	1,144.50		$	295.4
	Additions	55.2			1.9
	Disposals	—			—
	Foreign currency translation	(12.0		)	(2.3		)
	Balance, September 30, 2014	$	1,187.70		$	295

	All additions were within our Retail reportable segment. As of September 30, 2014, the goodwill balance within our Retail and Other reportable segments was $1,066.4 million and $121.3 million, respectively.

Vehicle_Financing

Vehicle Financing	9 Months Ended
Vehicle Financing	Sep. 30, 2014
Vehicle Financing	'
Vehicle Financing	'
	5. Vehicle Financing

	We finance substantially all of the commercial vehicles we purchase for distribution, new vehicles for retail sale and a portion of our used vehicle inventories for retail sale under revolving floor plan arrangements with various lenders, including the captive finance companies associated with automotive manufacturers. In the U.S., the floor plan arrangements are due on demand; however, we have not historically been required to repay floor plan advances prior to the sale of the vehicles that have been financed. We typically make monthly interest payments on the amount financed. Outside of the U.S., substantially all of the floor plan arrangements are payable on demand or have an original maturity of 90 days or less, and we are generally required to repay floor plan advances at the earlier of the sale of the vehicles that have been financed or the stated maturity.

	The floor plan agreements typically grant a security interest in substantially all of the assets of our dealership and distribution subsidiaries, and in the U.S., Australia and New Zealand are guaranteed by us. Interest rates under the floor plan arrangements are variable and increase or decrease based on changes in the prime rate, defined London Interbank Offered Rate (‘‘LIBOR’’), the Finance House Bank Rate, the Euro Interbank Offered Rate or Australian or New Zealand Bank Bill Swap Rate (‘‘BBSW’’). The weighted average interest rate on floor plan borrowings, including the effect of the interest rate swap discussed in Note 8, was 1.8% and 1.9% for the nine months ended September 30, 2014 and 2013, respectively. We classify floor plan notes payable to a party other than the manufacturer of a particular new vehicle, and all floor plan notes payable relating to pre-owned vehicles, as floor plan notes payable—non-trade on our consolidated balance sheets and classify related cash flows as a financing activity on our consolidated statements of cash flows.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2014
Earnings Per Share	'
Earnings Per Share	'
	6. Earnings Per Share

	Basic earnings per share is computed using net income attributable to Penske Automotive Group common stockholders and the number of weighted average shares of voting common stock outstanding, including outstanding unvested equity awards which contain rights to non-forfeitable dividends. Diluted earnings per share is computed using net income attributable to Penske Automotive Group common stockholders and the number of weighted average shares of voting common stock outstanding, adjusted for any dilutive effects. A reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the three and nine months ended September 30, 2014 and 2013 follows:

		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2014	2013	2014	2013
	Weighted average number of common shares outstanding	90,286,098	90,201,075	90,371,363	90,297,797
	Effect of non-participatory equity compensation	36,000	36,000	36,000	36,000
	Weighted average number of common shares outstanding, including effect of dilutive securities	90,322,098	90,237,075	90,407,363	90,333,797

LongTerm_Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2014
Long-Term Debt	'
Long-Term Debt	'
	7. Long-Term Debt

	Long-term debt consisted of the following:

		September 30,			December 31,
		2014			2013
	U.S. credit agreement - revolving credit line	$	174		$	90
	U.S. credit agreement - term loan	98			98
	U.K. credit agreement - revolving credit line	136.2			106
	U.K. credit agreement - term loan	21.9			29.8
	U.K. credit agreement - overdraft line of credit	—			—
	5.75% senior subordinated notes due 2022	550			550
	Rental car revolver	110			86.9
	Mortgage facilities	130.9			118.6
	Other	12.4			3.9
	Total long-term debt	1,233.40			1,083.20
	Less: current portion	(71.8		)	(50.0		)
	Net long-term debt	$	1,161.60		$	1,033.20

	U.S. Credit Agreement

	On April 1, 2014, we amended and restated our U. S. credit agreement (the “U.S. credit agreement”) with Mercedes-Benz Financial Services USA LLC and Toyota Motor Credit Corporation, principally to increase the revolving borrowing capacity from $375 million to $450 million and reduce the rate on collateralized borrowings to defined LIBOR plus 200 basis points (from defined LIBOR plus 225).

	As amended, the U. S. credit agreement provides for up to $450 million in revolving loans for working capital, acquisitions, capital expenditures, investments and other general corporate purposes and a non-amortizing term loan with a balance of $98 million. The loans mature on the termination date of the facility which is September 30, 2017. The revolving loans bear interest at LIBOR plus 2.00%, subject to an incremental 1.50% for uncollateralized borrowings in excess of a defined borrowing base. The term loan, which bears interest at defined LIBOR plus 2.00%, may be prepaid at any time, but then may not be re-borrowed.

	The U.S. credit agreement is fully and unconditionally guaranteed on a joint and several basis by our U.S. subsidiaries and contains a number of significant covenants that, among other things, restrict our ability to dispose of assets, incur additional indebtedness, repay other indebtedness, pay dividends, create liens on assets, make investments or acquisitions and engage in mergers or consolidations. We are also required to comply with specified financial and other tests and ratios, each as defined in the U.S. credit agreement including: a ratio of current assets to current liabilities, a fixed charge coverage ratio, a ratio of debt to stockholders’ equity and a ratio of debt to earnings before interest, taxes, depreciation and amortization (“EBITDA”). A breach of these requirements would give rise to certain remedies under the agreement, the most severe of which is the termination of the agreement and acceleration of the amounts owed.

	The U.S. credit agreement also contains typical events of default, including change of control, non-payment of obligations and cross-defaults to our other material indebtedness. Substantially all of our U.S. assets are subject to security interests granted to lenders under the U.S. credit agreement. As of September 30, 2014, $174.0 million of revolver borrowings and $98.0 million of term loans were outstanding under the U.S. credit agreement.

	U.K. Credit Agreement

	Our subsidiaries in the U.K. (the “U.K. subsidiaries”) are party to a £100.0 million revolving credit agreement with the Royal Bank of Scotland plc (RBS) and BMW Financial Services (GB) Limited, and an additional £10.0 million demand overdraft line of credit with RBS (collectively, the “U.K. credit agreement”) to be used for working capital, acquisitions, capital expenditures, investments and general corporate purposes through November 2015. The revolving loans bear interest between defined LIBOR plus 1.35% and defined LIBOR plus 3.0% and the demand overdraft line of credit bears interest at the Bank of England Base Rate plus 1.75%. As of September 30, 2014, outstanding loans under the U.K. credit agreement amounted to £84.0 million ($136.2 million).

	The U.K. Credit Agreement is fully and unconditionally guaranteed on a joint and several basis by our U.K. subsidiaries, and contains a number of significant covenants that, among other things, restrict the ability of our U.K. subsidiaries to pay dividends, dispose of assets, incur additional indebtedness, repay other indebtedness, create liens on assets, make investments or acquisitions and engage in mergers or consolidations. In addition, our U.K. subsidiaries are required to comply with defined ratios and tests, including: a ratio of earnings before interest, taxes, amortization, and rental payments (“EBITAR”) to interest plus rental payments, a measurement of maximum capital expenditures, and a debt to EBITDA ratio. A breach of these requirements would give rise to certain remedies under the agreement, the most severe of which is the termination of the agreement and acceleration of any amounts owed.

	The U.K. credit agreement also contains typical events of default, including change of control and non-payment of obligations and cross-defaults to other material indebtedness of our U.K. subsidiaries. Substantially all of our U.K. subsidiaries’ assets are subject to security interests granted to lenders under the U.K. credit agreement. In September 2014, we amended the U.K. credit agreement and U.K. term loan (discussed below) to provide the U.K. subsidiaries with covenant flexibility to fund the purchase of MTU Detroit Diesel Australia (discussed above).

	In 2012, our U.K. subsidiaries entered into a separate agreement with RBS, as agent for National Westminster Bank plc, providing for a £30.0 million term loan which was used for working capital and an acquisition. The term loan is repayable in £1.5 million quarterly installments through 2015 with a final payment of £7.5 million due December 31, 2015. The term loan bears interest between 2.675% and 4.325%, depending on the U.K. subsidiaries’ ratio of net borrowings to earnings before interest, taxes, depreciation and amortization (as defined). As of September 30, 2014, the amount outstanding under the U.K. term loan was £13.5 million ($21.9 million).

	5.75% Senior Subordinated Notes

	In August 2012, we issued $550.0 million in aggregate principal amount of 5.75% Senior Subordinated Notes due 2022 (the “5.75% Notes”).

	Interest on the 5.75% Notes is payable semi-annually on April 1 and October 1 of each year. The 5.75% Notes mature on October 1, 2022, unless earlier redeemed or purchased by us. The 5.75% Notes are our unsecured senior subordinated obligations and are guaranteed on an unsecured senior subordinated basis by our existing 100% owned U.S. subsidiaries. The 5.75% Notes also contain customary negative covenants and events of default.

	On or after October 1, 2017, we may redeem the 5.75% Notes for cash at the redemption prices noted in the indenture, plus any accrued and unpaid interest. We may also redeem up to 40% of the 5.75% Notes using the proceeds of specified equity offerings at any time prior to October 1, 2015 at a price specified in the indenture.

	If we experience certain “change of control” events specified in the indenture, holders of the 5.75% Notes will have the option to require us to purchase for cash all or a portion of their notes at a price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest. In addition, if we make certain asset sales and do not reinvest the proceeds thereof or use such proceeds to repay certain debt, we will be required to use the proceeds of such asset sales to make an offer to purchase the notes at a price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest.

	Car Rental Revolver

	We are party to a credit agreement with Toyota Motor Credit Corporation that currently provides us with up to $200.0 million in revolving loans for the acquisition of rental vehicles. The revolving loans bear interest at three-month LIBOR plus 2.50%. This agreement provides the lender with a secured interest in the vehicles and our rental car operations’ other assets, requires us to make monthly curtailment payments and expires in October 2015. As of September 30, 2014, outstanding loans under the rental car revolver amounted to $110.0 million.

	Working Capital Loan Agreement

	In December 2013, we entered into a working capital loan agreement with Mercedes-Benz Financial Services Australia Pty Ltd that provides us with up to AU $28.0 million ($25.9 million) of working capital availability. This agreement provides the lender with a secured interest in certain inventory and receivables of our commercial vehicle business. The loan bears interest at the Australian BBSW 30-day Bill Rate plus 2.35%. As of September 30, 2014, no loans were outstanding under the working capital loan agreement.

	Mortgage Facilities

	We are party to several mortgages which bear interest at defined rates and require monthly principal and interest payments. These mortgage facilities also contain typical events of default, including non-payment of obligations, cross-defaults to our other material indebtedness, certain change of control events, and the loss or sale of certain franchises operated at the properties. Substantially all of the buildings and improvements on the properties financed pursuant to the mortgage facilities are subject to security interests granted to the lender. As of September 30, 2014, we owed $130.9 million of principal under our mortgage facilities.

Derivatives_and_Hedging

Derivatives and Hedging	9 Months Ended
Derivatives and Hedging	Sep. 30, 2014
Derivatives and Hedging	'
Derivatives and Hedging	'
	8. Derivatives and Hedging

	We periodically use interest rate swaps to manage interest rate risk associated with our variable rate floor plan debt. We are party to interest rate swap agreements through December 2014 pursuant to which the LIBOR portion of $300.0 million of our floating rate floor plan debt is fixed at a rate of 2.135% and $100.0 million of our floating rate floor plan debt is fixed at a rate of 1.55%. We may terminate these agreements at any time, subject to the settlement of the then current fair value of the swap arrangements.

	We used Level 2 inputs to estimate the fair value of the interest rate swap agreements. As of September 30, 2014 and December 31, 2013, the fair value of the swaps designated as hedging instruments was estimated to be a liability of $2.5 million and $7.7 million, respectively. During 2014 and 2013, there was no hedge ineffectiveness recorded in our income statement. During the three and nine months ended September 30, 2014, the swaps increased the weighted average interest rate on our floor plan borrowings by approximately 29 basis points.

	Our commercial vehicle business sells vehicles and parts purchased from manufacturers in the U.S., Germany, and the U.K. In order to protect against exchange rate movements, we enter into foreign exchange forward contracts against anticipated cash flows. The contracts are timed to mature when major shipments are scheduled to arrive in Australia and when receipt of payment from customers is expected. We classify our foreign exchange forward contracts as cash flow hedges and state them at fair value. We used Level 2 inputs to estimate the fair value of the forward foreign exchange contracts. The fair value of the contracts designated as hedging instruments was estimated to be an asset of $1.5 million and $2.2 million as of September 30, 2014 and December 31, 2013, respectively.

Commitments_and_Contingent_Lia

Commitments and Contingent Liabilities	9 Months Ended
Commitments and Contingent Liabilities	Sep. 30, 2014
Commitments and Contingent Liabilities	'
Commitments and Contingent Liabilities	'
	9. Commitments and Contingent Liabilities

	We are involved in litigation which may relate to claims brought by governmental authorities, issues with customers, and employment related matters, including class action claims and purported class action claims. As of September 30, 2014, we were not party to any legal proceedings, including class action lawsuits that, individually or in the aggregate, are reasonably expected to have a material adverse effect on our results of operations, financial condition or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on our results of operations, financial condition or cash flows.

	We have historically structured our operations so as to minimize ownership of real property. As a result, we lease or sublease substantially all of our facilities. These leases are generally for a period between five and 20 years, and are typically structured to include renewal options at our election. Pursuant to the leases for some of our larger facilities, we are required to comply with specified financial ratios, including a “rent coverage” ratio and a debt to EBITDA ratio, each as defined. For these leases, non-compliance with the ratios may require us to post collateral in the form of a letter of credit. A breach of the other lease covenants gives rise to certain remedies by the landlord, the most severe of which include the termination of the applicable lease and acceleration of the total rent payments due under the lease. As of September 30, 2014, we were in compliance with all covenants under these leases.

	We have sold a number of dealerships to third parties and, as a condition to certain of those sales, remain liable for the lease payments relating to the properties on which those businesses operate in the event of non-payment by the buyer. We are also party to lease agreements on properties that we no longer use in our retail operations that we have sublet to third parties. We rely on subtenants to pay the rent and maintain the property at these locations. In the event the subtenant does not perform as expected, we may not be able to recover amounts owed to us and we could be required to fulfill these obligations.

	We hold a 9.0% ownership interest in PTL. Historically General Electric Capital Corporation (“GECC”) has provided PTL with a majority of its financing. Since April 2012, PTL has refinanced all of its GECC indebtedness. As part of that refinancing, we and the other PTL partners created a new company (“Holdings”), which, together with GECC, co-issued $700.0 million of 3.8% senior unsecured notes (the “Holdings Bonds”). GECC agreed to be a co-obligor of the Holdings Bonds in order to achieve lower interest rates on the Holdings Bonds. Additional capital contributions from the members may be required to fund interest and principal payments on the Holdings Bonds. In addition, we have agreed to indemnify GECC for 9.0% of any principal or interest that GECC is required to pay as co-obligor, and pay GECC an annual fee of approximately $0.95 million for acting as co-obligor. The maximum amount of our potential obligations to GECC under this agreement are 9.0% of the required principal repayment due in 2019 (which is expected to be $63.1 million) and 9.0% of interest payments under the Holdings Bonds, plus fees and default interest, if any.

	Our floor plan credit agreement with Mercedes Benz Financial Services Australia (“MBA”) provides us revolving loans for the acquisition of commercial vehicles for distribution to our retail network. This facility includes a limited parent guarantee and a commitment to repurchase dealer vehicles in the event the dealer’s floor plan agreement with MBA is terminated.

	We have $24.1 million of letters of credit outstanding as of September 30, 2014, and have posted $13.3 million of surety bonds in the ordinary course of business.

Equity

Equity	9 Months Ended
Equity	Sep. 30, 2014
Equity	'
Equity	'
	10. Equity

	Share Repurchase

	During the nine months ended September 30, 2014, we repurchased 175,000 shares of our outstanding common stock for $8.0 million, or an average of $45.95 per share, under a program approved by our Board of Directors. During the third quarter of 2014, we did not repurchase any common stock under this program. As of September 30, 2014, our remaining authorization under the program was $77.6 million. Additionally, during the nine months ended September 30, 2014, we acquired 160,350 shares of our common stock for $7.5 million, or an average of $46.48, from employees in connection with a net share settlement feature of employee equity awards.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income / (Loss)	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Income / (Loss)	'
Accumulated Other Comprehensive Income / (Loss)	'
	11. Accumulated Other Comprehensive Income / (Loss)

	Changes in accumulated other comprehensive income / (loss) by component and the reclassifications out of accumulated other comprehensive income / (loss) during the three and nine months ended September 30, 2014 and 2013, attributable to Penske Automotive Group common stockholders follows:

	Three Months Ended September 30, 2014

		Foreign Currency			Other			Total
		Translation
	Balance at June 30, 2014	$	37.8		$	(0.9	)	$	36.9
	Other comprehensive income before reclassifications	(52.8		)	1.4			(51.4		)
	Amounts reclassified from accumulated other comprehensive income - net of tax	—			1.1			1.1
	Net current-period other comprehensive income	(52.8		)	2.5			(50.3		)
	Balance at September 30, 2014	$	(15.0	)	$	1.6		$	(13.4	)

	Three Months Ended September 30, 2013

		Foreign Currency			Other			Total
		Translation
	Balance at June 30, 2013	$	(36.9	)	$	(4.6	)	$	(41.5	)
	Other comprehensive income before reclassifications	41.8			(3.9		)	37.9
	Amounts reclassified from accumulated other comprehensive income - net of tax	—			0.5			0.5
	Net current-period other comprehensive income	41.8			(3.4		)	38.4
	Balance at September 30, 2013	$	4.9		$	(8.0	)	$	(3.1	)

	Nine Months Ended September 30, 2014

		Foreign Currency			Other			Total
		Translation
	Balance at December 31, 2013	$	11.4		$	0.2		$	11.6
	Other comprehensive income before reclassifications	(26.4		)	(2.0		)	(28.4		)
	Amounts reclassified from accumulated other comprehensive income - net of tax	—			3.4			3.4
	Net current-period other comprehensive income	(26.4		)	1.4			(25.0		)
	Balance at September 30, 2014	$	(15.0	)	$	1.6		$	(13.4	)

	Nine Months Ended September 30, 2013

		Foreign Currency			Other			Total
		Translation
	Balance at December 31, 2012	$	(1.2	)	$	(5.6	)	$	(6.8	)
	Other comprehensive income before reclassifications	7			(4.6		)	2.4
	Amounts reclassified from accumulated other comprehensive income - net of tax	(0.9		)	2.2			1.3
	Net current-period other comprehensive income	6.1			(2.4		)	3.7
	Balance at September 30, 2013	$	4.9		$	(8.0	)	$	(3.1	)

	Within the amounts reclassified from accumulated other comprehensive income, amounts associated with Other relate to interest rate swaps and are included in floor plan interest expense. The amount associated with foreign currency translation for the nine months ended September 30, 2013 is included in selling, general, and administrative expenses.

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2014
Segment Information	'
Segment Information	'
	12. Segment Information

	Our operations are organized by management into operating segments by line of business and geography. We have determined that we have two reportable segments as defined in generally accepted accounting principles for segment reporting: (i) Retail, consisting of our automotive retail operations, and (ii) Other, consisting of our commercial vehicle operating segment, our car rental business operating segment and our investments in non-automotive retail operations operating segment. The Retail reportable segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and the retail automotive joint ventures. The individual dealership operations included in the Retail reportable segment have been grouped into four geographic operating segments: Eastern, Central, and Western United States and International. The geographic operating segments have been aggregated into one reportable segment as their operations (A) have similar economic characteristics (all are automotive dealerships having similar margins), (B) offer similar products and services (all sell new and used vehicles, service, parts and third-party finance and insurance products), (C) have similar target markets and customers (generally individuals) and (D) have similar distribution and marketing practices (all distribute products and services through dealership facilities that market to customers in similar fashions).

	Revenue and segment income for the three and nine months ended September 30, 2014 and 2013 follows:
	Three Months Ended September 30

		Retail		Other		Intersegment			Total
						Elimination
	Revenues
	2014	$	4,305.30	$	119	$	(6.4	)	$	4,417.90
	2013	3,698.80		66		(5.7		)	3,759.10
	Segment income
	2014	100.8		15.2		0.2			116.2
	2013	84		13.5		0.1			97.6

	Nine Months Ended September 30

		Retail		Other		Intersegment			Total
						Elimination
	Revenues
	2014	$	12,566.00	$	359.7	$	(53.1	)	$	12,872.60
	2013	10,678.10		88		(27.1		)	10,739.00
	Segment income
	2014	301		38.4		(0.2		)	339.2
	2013	259		23.2		(0.3		)	281.9

Condensed_Consolidating_Financ

Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 2014
Condensed Consolidating Financial Information	'
Condensed Consolidating Financial Information	'
	13. Condensed Consolidating Financial Information

	The following tables include condensed consolidating financial information as of September 30, 2014 and December 31, 2013 and for the three and nine month periods ended September 30, 2014 and 2013 for Penske Automotive Group, Inc. (as the issuer of the 5.75% Notes), guarantor subsidiaries and non-guarantor subsidiaries (primarily representing non-U.S. entities). Guarantor subsidiaries are directly or indirectly 100% owned by PAG, and the guarantees are full and unconditional, and jointly and several. The condensed consolidating financial information includes certain allocations of balance sheet, income statement and cash flow items which are not necessarily indicative of the financial position, results of operations and cash flows of these entities on a stand-alone basis.

	CONDENSED CONSOLIDATING BALANCE SHEET
	September 30, 2014

			Total			Eliminations			Penske			Guarantor			Non-Guarantor
			Company						Automotive			Subsidiaries			Subsidiaries
									Group
			(In millions)

	Cash and cash equivalents		$	150.5		$	—		$	—		$	—		$	150.5
	Accounts receivable, net		643.8			(405.2		)	405.2			311.9			331.9
	Inventories		2,479.00			—			—			1,368.20			1,110.80
	Other current assets		100.4			—			3.9			30.3			66.2
	Assets held for sale		45.6			—			—			10.4			35.2

	Total current assets		3,419.30			(405.2		)	409.1			1,720.80			1,694.60
	Property and equipment, net		1,375.10			—			3.7			885.7			485.7
	Intangible assets		1,482.70			—			—			826.6			656.1
	Equity method investments		386.5			—			316.8			—			69.7
	Other long-term assets		18.7			(1,867.3		)	1,878.00			5.4			2.6

	Total assets		$	6,682.30		$	(2,272.5	)	$	2,607.60		$	3,438.50		$	2,908.70


	Floor plan notes payable		$	1,606.10		$	—		$	—		$	893.9		$	712.2
	Floor plan notes payable — non-trade		893.6			—			127			414.6			352
	Accounts payable		382.7			—			3			139.3			240.4
	Accrued expenses		317.3			(405.2		)	0.2			153			569.3
	Current portion of long-term debt		71.8			—			—			57.7			14.1
	Liabilities held for sale		33.7			—			—			4.6			29.1

	Total current liabilities		3,305.20			(405.2		)	130.2			1,663.10			1,917.10
	Long-term debt		1,161.60			(255.0		)	822			174.3			420.3
	Deferred tax liabilities		374.3			—			—			349.1			25.2
	Other long-term liabilities		185.8			—			—			61.9			123.9

	Total liabilities		5,026.90			(660.2		)	952.2			2,248.40			2,486.50
	Total equity		1,655.40			(1,612.3		)	1,655.40			1,190.10			422.2

	Total liabilities and equity		$	6,682.30		$	(2,272.5	)	$	2,607.60		$	3,438.50		$	2,908.70

	CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2013

			Total			Eliminations			Penske			Guarantor			Non-Guarantor
			Company						Automotive			Subsidiaries			Subsidiaries
									Group
			(In millions)

	Cash and cash equivalents		$	49.8		$	—		$	—		$	12.6		$	37.2
	Accounts receivable, net		600.8			(392.5		)	392.5			382.1			218.7
	Inventories		2,518.30			—			—			1,416.20			1,102.10
	Other current assets		88.4			—			2.9			43.4			42.1
	Assets held for sale		107.3			—			—			61			46.3

	Total current assets		3,364.60			(392.5		)	395.4			1,915.30			1,446.40
	Property and equipment, net		1,232.20			—			4			800			428.2
	Intangible assets		1,439.90			—			—			771.6			668.3
	Equity method investments		346.9			—			294.9			—			52
	Other long-term assets		31.9			(1,686.0		)	1,697.50			5.2			15.2

Total assets		$	6,415.50		$	(2,078.5	)	$	2,391.80		$	3,492.10		$	2,610.10


Floor plan notes payable		$	1,685.10		$	—		$	—		$	1,009.50		$	675.6
Floor plan notes payable — non-trade		901.6			—			128.1			445.7			327.8
Accounts payable		373.3			—			3.5			141.7			228.1
Accrued expenses		262.6			(392.5		)	0.1			122.2			532.8
Current portion of long-term debt		50			—			—			39.5			10.5
Liabilities held for sale		59.7			—			—			31			28.7

Total current liabilities		3,332.30			(392.5		)	131.7			1,789.60			1,803.50
Long-term debt		1,033.20			(123.6		)	738			158.4			260.4
Deferred tax liabilities		361.4			—			—			337.6			23.8
Other long-term liabilities		166.5			—			—			68.8			97.7

Total liabilities		4,893.40			(516.1		)	869.7			2,354.40			2,185.40
Total equity		1,522.10			(1,562.4		)	1,522.10			1,137.70			424.7

Total liabilities and equity		$	6,415.50		$	(2,078.5	)	$	2,391.80		$	3,492.10		$	2,610.10

CONDENSED CONSOLIDATING STATEMENT OF INCOME
Three Months Ended September 30, 2014

		Total			Eliminations			Penske			Guarantor			Non-Guarantor
		Company						Automotive			Subsidiaries			Subsidiaries
								Group
		(In millions)

Revenues		$	4,417.90		$	—		$	—		$	2,516.90		$	1,901.00
Cost of sales		3,759.20			—			—			2,128.50			1,630.70

Gross profit		658.7			—			—			388.4			270.3
Selling, general and administrative expenses		512.9			—			11.5			293.8			207.6
Depreciation		17.8			—			0.4			10.1			7.3

Operating income (loss)		128			—			(11.9		)	84.5			55.4
Floor plan interest expense		(11.2		)	—			(2.4		)	(5.2		)	(3.6		)
Other interest expense		(13.3		)	—			(7.5		)	(1.3		)	(4.5		)
Equity in earnings of affiliates		12.7			—			11.7			—			1
Equity in earnings of subsidiaries		—			(125.7		)	125.7			—			—

Income (loss) from continuing operations before income taxes		116.2			(125.7		)	115.6			78			48.3
Income taxes		(39.2		)	42.6			(39.2		)	(30.9		)	(11.7		)

Income (loss) from continuing operations		77			(83.1		)	76.4			47.1			36.6
(Loss) income from discontinued operations, net of tax		(1.9		)	1.9			(1.9		)	(0.9		)	(1.0		)

Net income (loss)		75.1			(81.2		)	74.5			46.2			35.6
Other comprehensive income (loss), net of tax		(51.0		)	50.1			(51.0		)	1.1			(51.2		)

Comprehensive income		24.1			(31.1		)	23.5			47.3			(15.6		)
Less: Comprehensive income attributable to the non-controlling interests		(0.1		)	0.7			(0.7		)	—			(0.1		)

Comprehensive income attributable to Penske Automotive Group common stockholders		$	24.2		$	(31.8	)	$	24.2		$	47.3		$	(15.5	)

CONDENSED CONSOLIDATING STATEMENT OF INCOME
Three Months Ended September 30, 2013

		Total			Eliminations			Penske			Guarantor			Non-Guarantor
		Company						Automotive			Subsidiaries			Subsidiaries
								Group
		(In millions)

Revenues		$	3,759.10		$	—		$	—		$	2,207.90		$	1,551.20
Cost of sales		3,188.00			—			—			1,857.30			1,330.70

Gross profit		571.1			—			—			350.6			220.5
Selling, general and administrative expenses		446.4			—			5.5			270.6			170.3
Depreciation		15.4			—			0.4			9.1			5.9

Operating income (loss)		109.3			—			(5.9		)	70.9			44.3
Floor plan interest expense		(10.6		)	—			(2.4		)	(4.8		)	(3.4		)
Other interest expense		(12.3		)	—			(6.4		)	(1.9		)	(4.0		)
Equity in earnings of affiliates		11.2			—			10			—			1.2
Equity in earnings of subsidiaries		—			(102.0		)	102			—			—

Income (loss) from continuing operations before income taxes		97.6			(102.0		)	97.3			64.2			38.1
Income taxes		(31.3		)	32.3			(31.3		)	(22.8		)	(9.5		)

Income (loss) from continuing operations		66.3			(69.7		)	66			41.4			28.6
(Loss) income from discontinued operations, net of tax		(0.8		)	0.8			(0.8		)	0.4			(1.2		)

Net income (loss)		65.5			(68.9		)	65.2			41.8			27.4
Other comprehensive income (loss), net of tax		38.4			(38.6		)	38.4			0.8			37.8

Comprehensive income		103.9			(107.5		)	103.6			42.6			65.2
Less: Comprehensive income attributable to the non-controlling interests		0.2			—			—			—			0.2

Comprehensive income attributable to Penske Automotive Group common stockholders		$	103.7		$	(107.5	)	$	103.6		$	42.6		$	65

CONDENSED CONSOLIDATING STATEMENT OF INCOME
Nine Months Ended September 30, 2014

		Total			Eliminations			Penske			Guarantor			Non-Guarantor
		Company						Automotive			Subsidiaries			Subsidiaries
								Group
		(In millions)

Revenues		$	12,872.60		$	—		$	—		$	7,178.00		$	5,694.60
Cost of sales		10,923.00			—			—			6,034.20			4,888.80

Gross profit		1,949.60			—			—			1,143.80			805.8
Selling, general and administrative expenses		1,513.90			—			23.2			882.9			607.8
Depreciation		51.8			—			1			29.2			21.6

Operating income (loss)		383.9			—			(24.2		)	231.7			176.4
Floor plan interest expense		(33.9		)	—			(7.2		)	(15.6		)	(11.1		)
Other interest expense		(39.5		)	—			(22.0		)	(3.6		)	(13.9		)
Equity in earnings of affiliates		28.7			—			25.3			—			3.4
Equity in earnings of subsidiaries		—			(365.3		)	365.3			—			—

Income (loss) from continuing operations before income taxes		339.2			(365.3		)	337.2			212.5			154.8
Income taxes		(114.4		)	123.8			(114.4		)	(82.7		)	(41.1		)

Income (loss) from continuing operations		224.8			(241.5		)	222.8			129.8			113.7
(Loss) income from discontinued operations, net of tax		(7.9		)	7.9			(7.9		)	6.3			(14.2		)

Net income (loss)		216.9			(233.6		)	214.9			136.1			99.5
Other comprehensive income (loss), net of tax		(26.0		)	24.9			(26.0		)	3.2			(28.1		)

Comprehensive income		190.9			(208.7		)	188.9			139.3			71.4
Less: Comprehensive income attributable to the non-controlling interests		1			0.9			(0.9		)	—			1

Comprehensive income attributable to Penske Automotive Group common stockholders		$	189.9		$	(209.6	)	$	189.8		$	139.3		$	70.4

CONDENSED CONSOLIDATING STATEMENT OF INCOME
Nine Months Ended September 30, 2013

		Total			Eliminations			Penske			Guarantor			Non-Guarantor
		Company						Automotive			Subsidiaries			Subsidiaries
								Group
		(In millions)

Revenues		$	10,739.00		$	—		$	—		$	6,364.80		$	4,374.20
Cost of sales		9,081.80			—			—			5,330.30			3,751.50

Gross profit		1,657.20			—			—			1,034.50			622.7
Selling, general and administrative expenses		1,286.20			—			15.3			792.6			478.3
Depreciation		44.4			—			1.2			25.6			17.6

Operating income (loss)		326.6			—			(16.5		)	216.3			126.8
Floor plan interest expense		(31.4		)	—			(7.2		)	(14.5		)	(9.7		)
Other interest expense		(35.7		)	—			(18.1		)	(4.1		)	(13.5		)
Equity in earnings of affiliates		22.4			—			18.8			—			3.6
Equity in earnings of subsidiaries		—			(303.8		)	303.8			—			—

Income (loss) from continuing operations before income taxes		281.9			(303.8		)	280.8			197.7			107.2
Income taxes		(94.5		)	100.7			(94.4		)	(74.0		)	(26.8		)

Income (loss) from continuing operations		187.4			(203.1		)	186.4			123.7			80.4
(Loss) income from discontinued operations, net of tax		(1.4		)	1.4			(1.4		)	1.2			(2.6		)

Net income (loss)		186			(201.7		)	185			124.9			77.8
Other comprehensive income (loss), net of tax		4.3			(4.4		)	4.3			2.9			1.5

Comprehensive income		190.3			(206.1		)	189.3			127.8			79.3
Less: Comprehensive income attributable to the non-controlling interests		1.5			(0.5		)	0.5			—			1.5

Comprehensive income attributable to Penske Automotive Group common stockholders		$	188.8		$	(205.6	)	$	188.8		$	127.8		$	77.8

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Nine Months Ended September 30, 2014

		Total			Penske			Guarantor			Non-Guarantor
		Company			Automotive			Subsidiaries			Subsidiaries
					Group
		(In millions)

Net cash from continuing operating activities		$	277.3		$	(19.3	)	$	168.9		$	127.7

Investing activities:
Purchase of equipment and improvements		(119.6		)	(0.6		)	(65.5		)	(53.5		)
Purchase of car rental vehicles		(93.5		)	—			(93.5		)	—
Disposal of car rental vehicles		45.1			—			45.1			—
Acquisitions, net		(86.2		)	—			(80.5		)	(5.7		)
Other		(25.3		)	4.1			(10.6		)	(18.8		)

Net cash from continuing investing activities		(279.5		)	3.5			(205.0		)	(78.0		)

Financing activities:
Net borrowings (repayments) of long-term debt		149.9			84			33.2			32.7
Net borrowings (repayments) of floor plan notes payable — non-trade		(8.0		)	(1.2		)	(28.8		)	22
Repurchases of common stock		(15.5		)	(15.5		)	—			—
Dividends		(51.5		)	(51.5		)	—			—
Distributions from (to) parent		—			—			4.8			(4.8		)
Other		0.3			—			—			0.3

Net cash from continuing financing activities		75.2			15.8			9.2			50.2

Net cash from discontinued operations		27.7			—			14.3			13.4

Net change in cash and cash equivalents		100.7			—			(12.6		)	113.3
Cash and cash equivalents, beginning of period		49.8			—			12.6			37.2

Cash and cash equivalents, end of period		$	150.5		$	—		$	—		$	150.5

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Nine Months Ended September 30, 2013

		Total			Penske			Guarantor			Non-Guarantor
		Company			Automotive			Subsidiaries			Subsidiaries
					Group
		(In millions)

Net cash from continuing operating activities		$	296.6		$	59.4		$	55		$	182.2

Investing activities:
Purchase of equipment and improvements		(122.2		)	(0.9		)	(83.0		)	(38.3		)
Purchase of car rental vehicles		(82.3		)	—			(82.3		)	—
Disposal of car rental vehicles		8			—			8			—
Acquisitions, net		(221.2		)	—			(22.0		)	(199.2		)
Other		(15.5		)	—			(15.5		)	—

Net cash from continuing investing activities		(433.2		)	(0.9		)	(194.8		)	(237.5		)

Financing activities:
Net borrowings (repayments) of long-term debt		123.9			(18.0		)	71.2			70.7
Net borrowings (repayments) of floor plan notes payable — non-trade		78			16			28.8			33.2
Repurchases of common stock		(15.8		)	(15.8		)	—			—
Dividends		(40.7		)	(40.7		)	—			—
Distributions from (to) parent		—			—			1.1			(1.1		)
Other		0.2			—			—			0.2

Net cash from continuing financing activities		145.6			(58.5		)	101.1			103

Net cash from discontinued operations		18.5			—			8.7			9.8

Net change in cash and cash equivalents		27.5			—			(30.0		)	57.5
Cash and cash equivalents, beginning of period		43.8			—			34.7			9.1

Cash and cash equivalents, end of period		$	71.3		$	—		$	4.7		$	66.6

Interim_Financial_Statements_P

Interim Financial Statements (Policies)	9 Months Ended
Interim Financial Statements (Policies)	Sep. 30, 2014
Interim Financial Statements.	'
Basis of Presentation	'
	Basis of Presentation

	The following unaudited consolidated condensed financial statements of PAG have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in our annual financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the SEC rules and regulations. The information presented as of September 30, 2014 and December 31, 2013 and for the three and nine month periods ended September 30, 2014 and 2013 is unaudited, but includes all adjustments which our management believes to be necessary for the fair presentation of results for the periods presented. The consolidated condensed financial statements for the prior periods have been revised for entities that have been treated as discontinued operations through September 30, 2014, and results for interim periods are not necessarily indicative of results to be expected for the year. These consolidated condensed financial statements should be read in conjunction with our audited financial statements for the year ended December 31, 2013, which are included as part of our Annual Report on Form 10-K.

Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements

	In March 2013, the FASB issued ASU No. 2013-05, “Foreign Currency Matters (Topic 830) — Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity.” ASU No. 2013-05 resolves the diversity in practice about whether Subtopic 810-10, Consolidation — Overall, or Subtopic 830-30, Foreign Currency Matters — Translation of Financial Statements, applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity. This ASU was effective prospectively for us for the annual period beginning January 1, 2014. The adoption of ASU No. 2013-05 has had no effect on our consolidated financial position, results of operations, or cash flows.

	In July 2013, the FASB issued ASU No. 2013-10, “Derivatives and Hedging (Topic 815) — Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes.” The amendments in ASU No. 2013-10 permit the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to UST and LIBOR. This ASU was effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The adoption of ASU No. 2013-10 has had no effect on our consolidated financial position, results of operations, or cash flows.

	In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740) — Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU No. 2013-11 resolves the diversity in practice regarding the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This ASU was effective for us for the annual period beginning January 1, 2014. The adoption of ASU No. 2013-11 has had no effect on our consolidated financial position, results of operations, or cash flows.

	In April 2014, the FASB issued ASU No. 2014-8, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360) — Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” ASU No. 2014-8 changes the requirements for reporting discontinued operations to only allow presentation of a disposal of an entity or component of an entity as a discontinued operation if it represents a strategic shift that has (or will have) a major effect on an entity’s operations or financial results. This ASU is effective for us for the annual period beginning January 1, 2015. We anticipate the adoption of ASU No. 2014-8 to result in fewer of our disposals qualifying for discontinued operations treatment.

	In May 2014, the FASB issued ASU No. 2014-9, “Revenue from Contracts with Customers (Topic 606).” This ASU supersedes the revenue recognition requirements in Accounting Standards Codification (“ASC”) 605, Revenue Recognition. ASU No. 2014-09 will require an entity to recognize revenue when it transfers promised goods or services to customers using a five-step model that requires entities to exercise judgment when considering the terms of the contracts. This ASU is effective for us beginning after January 1, 2017 and can be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. We are currently assessing the impact the adoption of this update will have on our consolidated financial position, results of operations, and cash flows.

	In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements — Going Concern (Subtopic 205-40) — Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 will require management to assess an entity’s ability to continue as a going concern for each annual and interim reporting period, and to provide related footnote disclosure in circumstances in which substantial doubt exists. This ASU is effective for us for the annual period ending December 31, 2016, and we will continue to assess the impact on our consolidated financial statements.

Discontinued Operations	'
	Discontinued Operations

	We account for dispositions in our retail operations as discontinued operations when it is evident that the operations and cash flows of a franchise being disposed of will be eliminated from on-going operations and that we will not have any significant continuing involvement in its operations.

	In evaluating whether the cash flows of a dealership in our Retail reportable segment will be eliminated from ongoing operations, we consider whether it is likely that customers will migrate to similar franchises that we own in the same geographic market. Our consideration includes an evaluation of the brands sold at other dealerships we operate in the market and their proximity to the franchise being disposed. When we dispose of franchises, we typically do not have continuing brand representation in that market. If the franchise being disposed of is located in a complex of PAG owned dealerships, we do not treat the disposition as a discontinued operation if we believe that the cash flows previously generated by the disposed franchise will be replaced by expanded operations of the remaining or replacement franchises.

	Combined financial information regarding entities accounted for as discontinued operations follows:

			Three Months Ended September 30,						Nine Months Ended September 30,
			2014			2013			2014			2013
	Revenues		$	25.4		$	80.1		$	101.6		$	351.8
	Pre-tax income (loss)		$	(2.5	)	$	(0.6	)	$	(18.7	)	$	(1.2	)
	Pre-tax gain (loss) on disposal		$	—		$	—		$	14.8		$	0.8

			September 30,			December 31,
			2014			2013

	Inventories		$	22.7		$	55.8
	Other assets		22.9			51.5
	Total assets		$	45.6		$	107.3

	Floor plan notes payable (including non-trade)		$	18.3		$	43.6
	Other liabilities		15.4			16.1
	Total liabilities		$	33.7		$	59.7


Estimates	'
	Estimates

	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accounts requiring the use of significant estimates include accounts receivable, inventories, income taxes, intangible assets and certain reserves.

Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments

	Accounting standards define fair value as the price that would be received from selling an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Accounting standards establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value and also establishes the following three levels of inputs that may be used to measure fair value:


	Level 1	Quoted prices in active markets for identical assets or liabilities

	Level 2	Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted market prices in markets that are not active; or model-derived valuations or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities

	Level 3	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities

	Our financial instruments consist of cash and cash equivalents, debt, floor plan notes payable, forward exchange contracts and interest rate swaps used to hedge future cash flows. Other than our fixed rate debt, the carrying amount of all significant financial instruments approximates fair value due either to length of maturity, the existence of variable interest rates that approximate prevailing market rates, or as a result of mark to market accounting.

	Our fixed rate debt consists of amounts outstanding under our senior subordinated notes and mortgage facilities. We estimate the fair value of our senior unsecured notes using quoted prices for the identical liability (Level 2), and we estimate the fair value of our mortgage facilities using a present value technique based on our current market interest rates for similar types of financial instruments (Level 2). A summary of the carrying values and fair values of our 5.75% senior subordinated notes and our fixed rate mortgage facilities are as follows:

			September 30, 2014						December 31, 2013
			Carrying Value			Fair Value			Carrying Value			Fair Value
	5.75% senior subordinated notes due 2022		$	550.0		$	567.6		$	550.0		$	565.1
	Mortgage facilities		130.9			131.6			118.6			117.0

Interim_Financial_Statements_T

Interim Financial Statements (Tables)	9 Months Ended
Interim Financial Statements (Tables)	Sep. 30, 2014
Interim Financial Statements.	'
Combined financial information regarding entities accounted for as discontinued operations	'

		Three Months Ended September 30,						Nine Months Ended September 30,
		2014			2013			2014			2013
	Revenues	$	25.4		$	80.1		$	101.6		$	351.8
	Pre-tax income (loss)	$	(2.5	)	$	(0.6	)	$	(18.7	)	$	(1.2	)
	Pre-tax gain (loss) on disposal	$	—		$	—		$	14.8		$	0.8
		September 30,			December 31,
		2014			2013

	Inventories	$	22.7		$	55.8
	Other assets	22.9			51.5
	Total assets	$	45.6		$	107.3

	Floor plan notes payable (including non-trade)	$	18.3		$	43.6
	Other liabilities	15.4			16.1
	Total liabilities	$	33.7		$	59.7


Summary of carrying values and fair values of senior subordinated notes and fixed rate mortgage facilities	'
		September 30, 2014						December 31, 2013
		Carrying Value			Fair Value			Carrying Value			Fair Value
	5.75% senior subordinated notes due 2022	$	550.0		$	567.6		$	550.0		$	565.1
	Mortgage facilities	130.9			131.6			118.6			117.0

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
Inventories	'
Inventories	'
		September 30,		December 31,
		2014		2013
	New vehicles	$	1,627.1	$	1,709.4
	Used vehicles	629.9		585.5
	Commercial vehicles	120.3		126.9
	Parts, accessories and other	101.7		96.5
	Total inventories	$	2,479.0	$	2,518.3

Business_Combinations_Tables

Business Combinations (Tables)	9 Months Ended
Business Combinations (Tables)	Sep. 30, 2014
Business Combinations	'
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed	'
		September 30
		2014			2013
	Accounts receivable	$	0.7		$	20.1
	Inventory	29.1			124.3
	Other current assets	1.2			2.8
	Property and equipment	4.1			26.1
	Indefinite-lived intangibles	57.1			133.1
	Other non-current assets	—			8.4
	Current liabilities	(2.6		)	(94.1		)
	Non-current liabilities	(2.2		)	0.5
	Total consideration	87.4			221.2
	Seller financed/assumed debt	(1.2		)	—
	Cash used in dealership acquisitions	$	86.2		$	221.2


Summary of unaudited consolidated pro forma results of operations	'
		Three Months Ended September 30,						Nine Months Ended September 30,
		2014			2013			2014		2013
	Revenues	$	4,417.9		$	4,115.0		$	12,916.0	$	11,997.8
	Income from continuing operations	76.4			73.5			222.9		216.6
	Net income	74.5			72.7			215.0		215.2
	Income from continuing operations per diluted common share	$	0.85		$	0.81		$	2.46	$	2.39
	Net income per diluted common share	$	0.83		$	0.80		$	2.38	$	2.38

Intangible_Assets_Tables

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Intangible Assets	'
Summary of the changes in the carrying amount of goodwill and franchise value	'
		Goodwill			Franchise
					Value
	Balance, January 1, 2014	$	1,144.50		$	295.4
	Additions	55.2			1.9
	Disposals	—			—
	Foreign currency translation	(12.0		)	(2.3		)
	Balance, September 30, 2014	$	1,187.70		$	295

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2014
Earnings Per Share	'
Reconciliation of number of shares used in calculation of basic and diluted earning per share	'
		Three Months Ended		Nine Months Ended
		September 30,		September 30,
		2014	2013	2014	2013
	Weighted average number of common shares outstanding	90,286,098	90,201,075	90,371,363	90,297,797
	Effect of non-participatory equity compensation	36,000	36,000	36,000	36,000
	Weighted average number of common shares outstanding, including effect of dilutive securities	90,322,098	90,237,075	90,407,363	90,333,797

LongTerm_Debt_Tables

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Long-Term Debt	'
Long Term Debt	'
		September 30,			December 31,
		2014			2013
	U.S. credit agreement - revolving credit line	$	174		$	90
	U.S. credit agreement - term loan	98			98
	U.K. credit agreement - revolving credit line	136.2			106
	U.K. credit agreement - term loan	21.9			29.8
	U.K. credit agreement - overdraft line of credit	—			—
	5.75% senior subordinated notes due 2022	550			550
	Rental car revolver	110			86.9
	Mortgage facilities	130.9			118.6
	Other	12.4			3.9
	Total long-term debt	1,233.40			1,083.20
	Less: current portion	(71.8		)	(50.0		)
	Net long-term debt	$	1,161.60		$	1,033.20

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income / (Loss) (Tables)	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Income / (Loss)	'
Schedule of the changes in accumulated other comprehensive income/ (loss) by component and the reclassifications out of accumulated other comprehensive income/ (loss) attributable to the entity's common stockholders	'
	Three Months Ended September 30, 2014

		Foreign Currency			Other			Total
		Translation
	Balance at June 30, 2014	$	37.8		$	(0.9	)	$	36.9
	Other comprehensive income before reclassifications	(52.8		)	1.4			(51.4		)
	Amounts reclassified from accumulated other comprehensive income - net of tax	—			1.1			1.1
	Net current-period other comprehensive income	(52.8		)	2.5			(50.3		)
	Balance at September 30, 2014	$	(15.0	)	$	1.6		$	(13.4	)

	Three Months Ended September 30, 2013
		Foreign Currency			Other			Total
		Translation
	Balance at June 30, 2013	$	(36.9	)	$	(4.6	)	$	(41.5	)
	Other comprehensive income before reclassifications	41.8			(3.9		)	37.9
	Amounts reclassified from accumulated other comprehensive income - net of tax	—			0.5			0.5
	Net current-period other comprehensive income	41.8			(3.4		)	38.4
	Balance at September 30, 2013	$	4.9		$	(8.0	)	$	(3.1	)

	Nine Months Ended September 30, 2014
		Foreign Currency			Other			Total
		Translation
	Balance at December 31, 2013	$	11.4		$	0.2		$	11.6
	Other comprehensive income before reclassifications	(26.4		)	(2.0		)	(28.4		)
	Amounts reclassified from accumulated other comprehensive income - net of tax	—			3.4			3.4
	Net current-period other comprehensive income	(26.4		)	1.4			(25.0		)
	Balance at September 30, 2014	$	(15.0	)	$	1.6		$	(13.4	)

	Nine Months Ended September 30, 2013
		Foreign Currency			Other			Total
		Translation
	Balance at December 31, 2012	$	(1.2	)	$	(5.6	)	$	(6.8	)
	Other comprehensive income before reclassifications	7			(4.6		)	2.4
	Amounts reclassified from accumulated other comprehensive income - net of tax	(0.9		)	2.2			1.3
	Net current-period other comprehensive income	6.1			(2.4		)	3.7
	Balance at September 30, 2013	$	4.9		$	(8.0	)	$	(3.1	)

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Information	'
Revenues and segment income by reportable segment	'

	Three Months Ended September 30
		Retail		Other		Intersegment			Total
						Elimination
	Revenues
	2014	$	4,305.30	$	119	$	(6.4	)	$	4,417.90
	2013	3,698.80		66		(5.7		)	3,759.10
	Segment income
	2014	100.8		15.2		0.2			116.2
	2013	84		13.5		0.1			97.6

	Nine Months Ended September 30
		Retail		Other		Intersegment			Total
						Elimination
	Revenues
	2014	$	12,566.00	$	359.7	$	(53.1	)	$	12,872.60
	2013	10,678.10		88		(27.1		)	10,739.00
	Segment income
	2014	301		38.4		(0.2		)	339.2
	2013	259		23.2		(0.3		)	281.9

Condensed_Consolidating_Financ1

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2014
Condensed Consolidating Financial Information	'
CONDENSED CONSOLIDATING BALANCE SHEET	'
	CONDENSED CONSOLIDATING BALANCE SHEET
	September 30, 2014

			Total			Eliminations			Penske			Guarantor			Non-Guarantor
			Company						Automotive			Subsidiaries			Subsidiaries
									Group
			(In millions)

	Cash and cash equivalents		$	150.5		$	—		$	—		$	—		$	150.5
	Accounts receivable, net		643.8			(405.2		)	405.2			311.9			331.9
	Inventories		2,479.00			—			—			1,368.20			1,110.80
	Other current assets		100.4			—			3.9			30.3			66.2
	Assets held for sale		45.6			—			—			10.4			35.2

	Total current assets		3,419.30			(405.2		)	409.1			1,720.80			1,694.60
	Property and equipment, net		1,375.10			—			3.7			885.7			485.7
	Intangible assets		1,482.70			—			—			826.6			656.1
	Equity method investments		386.5			—			316.8			—			69.7
	Other long-term assets		18.7			(1,867.3		)	1,878.00			5.4			2.6

	Total assets		$	6,682.30		$	(2,272.5	)	$	2,607.60		$	3,438.50		$	2,908.70


	Floor plan notes payable		$	1,606.10		$	—		$	—		$	893.9		$	712.2
	Floor plan notes payable — non-trade		893.6			—			127			414.6			352
	Accounts payable		382.7			—			3			139.3			240.4
	Accrued expenses		317.3			(405.2		)	0.2			153			569.3
	Current portion of long-term debt		71.8			—			—			57.7			14.1
	Liabilities held for sale		33.7			—			—			4.6			29.1

	Total current liabilities		3,305.20			(405.2		)	130.2			1,663.10			1,917.10
	Long-term debt		1,161.60			(255.0		)	822			174.3			420.3
	Deferred tax liabilities		374.3			—			—			349.1			25.2
	Other long-term liabilities		185.8			—			—			61.9			123.9

	Total liabilities		5,026.90			(660.2		)	952.2			2,248.40			2,486.50
	Total equity		1,655.40			(1,612.3		)	1,655.40			1,190.10			422.2

	Total liabilities and equity		$	6,682.30		$	(2,272.5	)	$	2,607.60		$	3,438.50		$	2,908.70

	CONDENSED CONSOLIDATING BALANCE SHEET
	December 31, 2013
			Total			Eliminations			Penske			Guarantor			Non-Guarantor
			Company						Automotive			Subsidiaries			Subsidiaries
									Group
			(In millions)

	Cash and cash equivalents		$	49.8		$	—		$	—		$	12.6		$	37.2
	Accounts receivable, net		600.8			(392.5		)	392.5			382.1			218.7
	Inventories		2,518.30			—			—			1,416.20			1,102.10
	Other current assets		88.4			—			2.9			43.4			42.1
	Assets held for sale		107.3			—			—			61			46.3

	Total current assets		3,364.60			(392.5		)	395.4			1,915.30			1,446.40
	Property and equipment, net		1,232.20			—			4			800			428.2
	Intangible assets		1,439.90			—			—			771.6			668.3
	Equity method investments		346.9			—			294.9			—			52
	Other long-term assets		31.9			(1,686.0		)	1,697.50			5.2			15.2

	Total assets		$	6,415.50		$	(2,078.5	)	$	2,391.80		$	3,492.10		$	2,610.10


	Floor plan notes payable		$	1,685.10		$	—		$	—		$	1,009.50		$	675.6
Floor plan notes payable — non-trade		901.6			—			128.1			445.7			327.8
Accounts payable		373.3			—			3.5			141.7			228.1
Accrued expenses		262.6			(392.5		)	0.1			122.2			532.8
Current portion of long-term debt		50			—			—			39.5			10.5
Liabilities held for sale		59.7			—			—			31			28.7

Total current liabilities		3,332.30			(392.5		)	131.7			1,789.60			1,803.50
Long-term debt		1,033.20			(123.6		)	738			158.4			260.4
Deferred tax liabilities		361.4			—			—			337.6			23.8
Other long-term liabilities		166.5			—			—			68.8			97.7

Total liabilities		4,893.40			(516.1		)	869.7			2,354.40			2,185.40
Total equity		1,522.10			(1,562.4		)	1,522.10			1,137.70			424.7

Total liabilities and equity		$	6,415.50		$	(2,078.5	)	$	2,391.80		$	3,492.10		$	2,610.10


CONDENSED CONSOLIDATING STATEMENT OF INCOME	'
	CONDENSED CONSOLIDATING STATEMENT OF INCOME
	Three Months Ended September 30, 2014

			Total			Eliminations			Penske			Guarantor			Non-Guarantor
			Company						Automotive			Subsidiaries			Subsidiaries
									Group
			(In millions)

	Revenues		$	4,417.90		$	—		$	—		$	2,516.90		$	1,901.00
	Cost of sales		3,759.20			—			—			2,128.50			1,630.70

	Gross profit		658.7			—			—			388.4			270.3
	Selling, general and administrative expenses		512.9			—			11.5			293.8			207.6
	Depreciation		17.8			—			0.4			10.1			7.3

	Operating income (loss)		128			—			(11.9		)	84.5			55.4
	Floor plan interest expense		(11.2		)	—			(2.4		)	(5.2		)	(3.6		)
	Other interest expense		(13.3		)	—			(7.5		)	(1.3		)	(4.5		)
	Equity in earnings of affiliates		12.7			—			11.7			—			1
	Equity in earnings of subsidiaries		—			(125.7		)	125.7			—			—

	Income (loss) from continuing operations before income taxes		116.2			(125.7		)	115.6			78			48.3
	Income taxes		(39.2		)	42.6			(39.2		)	(30.9		)	(11.7		)

	Income (loss) from continuing operations		77			(83.1		)	76.4			47.1			36.6
	(Loss) income from discontinued operations, net of tax		(1.9		)	1.9			(1.9		)	(0.9		)	(1.0		)

	Net income (loss)		75.1			(81.2		)	74.5			46.2			35.6
	Other comprehensive income (loss), net of tax		(51.0		)	50.1			(51.0		)	1.1			(51.2		)

	Comprehensive income		24.1			(31.1		)	23.5			47.3			(15.6		)
	Less: Comprehensive income attributable to the non-controlling interests		(0.1		)	0.7			(0.7		)	—			(0.1		)

	Comprehensive income attributable to Penske Automotive Group common stockholders		$	24.2		$	(31.8	)	$	24.2		$	47.3		$	(15.5	)

	CONDENSED CONSOLIDATING STATEMENT OF INCOME
	Three Months Ended September 30, 2013

			Total			Eliminations			Penske			Guarantor			Non-Guarantor
			Company						Automotive			Subsidiaries			Subsidiaries
									Group
			(In millions)

	Revenues		$	3,759.10		$	—		$	—		$	2,207.90		$	1,551.20
	Cost of sales		3,188.00			—			—			1,857.30			1,330.70

	Gross profit		571.1			—			—			350.6			220.5
	Selling, general and administrative expenses		446.4			—			5.5			270.6			170.3
	Depreciation		15.4			—			0.4			9.1			5.9

	Operating income (loss)		109.3			—			(5.9		)	70.9			44.3
	Floor plan interest expense		(10.6		)	—			(2.4		)	(4.8		)	(3.4		)
	Other interest expense		(12.3		)	—			(6.4		)	(1.9		)	(4.0		)
	Equity in earnings of affiliates		11.2			—			10			—			1.2
	Equity in earnings of subsidiaries		—			(102.0		)	102			—			—

	Income (loss) from continuing operations before income taxes		97.6			(102.0		)	97.3			64.2			38.1
	Income taxes		(31.3		)	32.3			(31.3		)	(22.8		)	(9.5		)

	Income (loss) from continuing operations		66.3			(69.7		)	66			41.4			28.6
	(Loss) income from discontinued operations, net of tax		(0.8		)	0.8			(0.8		)	0.4			(1.2		)

	Net income (loss)		65.5			(68.9		)	65.2			41.8			27.4
Other comprehensive income (loss), net of tax		38.4			(38.6		)	38.4			0.8			37.8

Comprehensive income		103.9			(107.5		)	103.6			42.6			65.2
Less: Comprehensive income attributable to the non-controlling interests		0.2			—			—			—			0.2

Comprehensive income attributable to Penske Automotive Group common stockholders		$	103.7		$	(107.5	)	$	103.6		$	42.6		$	65

CONDENSED CONSOLIDATING STATEMENT OF INCOME
Nine Months Ended September 30, 2014

		Total			Eliminations			Penske			Guarantor			Non-Guarantor
		Company						Automotive			Subsidiaries			Subsidiaries
								Group
		(In millions)

Revenues		$	12,872.60		$	—		$	—		$	7,178.00		$	5,694.60
Cost of sales		10,923.00			—			—			6,034.20			4,888.80

Gross profit		1,949.60			—			—			1,143.80			805.8
Selling, general and administrative expenses		1,513.90			—			23.2			882.9			607.8
Depreciation		51.8			—			1			29.2			21.6

Operating income (loss)		383.9			—			(24.2		)	231.7			176.4
Floor plan interest expense		(33.9		)	—			(7.2		)	(15.6		)	(11.1		)
Other interest expense		(39.5		)	—			(22.0		)	(3.6		)	(13.9		)
Equity in earnings of affiliates		28.7			—			25.3			—			3.4
Equity in earnings of subsidiaries		—			(365.3		)	365.3			—			—

Income (loss) from continuing operations before income taxes		339.2			(365.3		)	337.2			212.5			154.8
Income taxes		(114.4		)	123.8			(114.4		)	(82.7		)	(41.1		)

Income (loss) from continuing operations		224.8			(241.5		)	222.8			129.8			113.7
(Loss) income from discontinued operations, net of tax		(7.9		)	7.9			(7.9		)	6.3			(14.2		)

Net income (loss)		216.9			(233.6		)	214.9			136.1			99.5
Other comprehensive income (loss), net of tax		(26.0		)	24.9			(26.0		)	3.2			(28.1		)

Comprehensive income		190.9			(208.7		)	188.9			139.3			71.4
Less: Comprehensive income attributable to the non-controlling interests		1			0.9			(0.9		)	—			1

Comprehensive income attributable to Penske Automotive Group common stockholders		$	189.9		$	(209.6	)	$	189.8		$	139.3		$	70.4

CONDENSED CONSOLIDATING STATEMENT OF INCOME
Nine Months Ended September 30, 2013


		Total			Eliminations			Penske			Guarantor			Non-Guarantor
		Company						Automotive			Subsidiaries			Subsidiaries
								Group
		(In millions)

Revenues		$	10,739.00		$	—		$	—		$	6,364.80		$	4,374.20
Cost of sales		9,081.80			—			—			5,330.30			3,751.50

Gross profit		1,657.20			—			—			1,034.50			622.7
Selling, general and administrative expenses		1,286.20			—			15.3			792.6			478.3
Depreciation		44.4			—			1.2			25.6			17.6

Operating income (loss)		326.6			—			(16.5		)	216.3			126.8
Floor plan interest expense		(31.4		)	—			(7.2		)	(14.5		)	(9.7		)
Other interest expense		(35.7		)	—			(18.1		)	(4.1		)	(13.5		)
Equity in earnings of affiliates		22.4			—			18.8			—			3.6
Equity in earnings of subsidiaries		—			(303.8		)	303.8			—			—

Income (loss) from continuing operations before income taxes		281.9			(303.8		)	280.8			197.7			107.2
Income taxes		(94.5		)	100.7			(94.4		)	(74.0		)	(26.8		)

Income (loss) from continuing operations		187.4			(203.1		)	186.4			123.7			80.4
(Loss) income from discontinued operations, net of tax		(1.4		)	1.4			(1.4		)	1.2			(2.6		)

Net income (loss)		186			(201.7		)	185			124.9			77.8
Other comprehensive income (loss), net of tax		4.3			(4.4		)	4.3			2.9			1.5

Comprehensive income		190.3			(206.1		)	189.3			127.8			79.3
Less: Comprehensive income attributable to the non-controlling interests		1.5			(0.5		)	0.5			—			1.5

Comprehensive income attributable to Penske Automotive Group common stockholders		$	188.8		$	(205.6	)	$	188.8		$	127.8		$	77.8


CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	'

	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
	Nine Months Ended September 30, 2014

			Total			Penske			Guarantor			Non-Guarantor
			Company			Automotive			Subsidiaries			Subsidiaries
						Group
			(In millions)

	Net cash from continuing operating activities		$	277.3		$	(19.3	)	$	168.9		$	127.7

	Investing activities:
	Purchase of equipment and improvements		(119.6		)	(0.6		)	(65.5		)	(53.5		)
	Purchase of car rental vehicles		(93.5		)	—			(93.5		)	—
	Disposal of car rental vehicles		45.1			—			45.1			—
	Acquisitions, net		(86.2		)	—			(80.5		)	(5.7		)
	Other		(25.3		)	4.1			(10.6		)	(18.8		)

	Net cash from continuing investing activities		(279.5		)	3.5			(205.0		)	(78.0		)

	Financing activities:
	Net borrowings (repayments) of long-term debt		149.9			84			33.2			32.7
	Net borrowings (repayments) of floor plan notes payable — non-trade		(8.0		)	(1.2		)	(28.8		)	22
	Repurchases of common stock		(15.5		)	(15.5		)	—			—
	Dividends		(51.5		)	(51.5		)	—			—
	Distributions from (to) parent		—			—			4.8			(4.8		)
	Other		0.3			—			—			0.3

	Net cash from continuing financing activities		75.2			15.8			9.2			50.2

	Net cash from discontinued operations		27.7			—			14.3			13.4

	Net change in cash and cash equivalents		100.7			—			(12.6		)	113.3
	Cash and cash equivalents, beginning of period		49.8			—			12.6			37.2

	Cash and cash equivalents, end of period		$	150.5		$	—		$	—		$	150.5

	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
	Nine Months Ended September 30, 2013

			Total			Penske			Guarantor			Non-Guarantor
			Company			Automotive			Subsidiaries			Subsidiaries
						Group
			(In millions)

	Net cash from continuing operating activities		$	296.6		$	59.4		$	55		$	182.2

	Investing activities:
	Purchase of equipment and improvements		(122.2		)	(0.9		)	(83.0		)	(38.3		)
	Purchase of car rental vehicles		(82.3		)	—			(82.3		)	—
	Disposal of car rental vehicles		8			—			8			—
	Acquisitions, net		(221.2		)	—			(22.0		)	(199.2		)
	Other		(15.5		)	—			(15.5		)	—

	Net cash from continuing investing activities		(433.2		)	(0.9		)	(194.8		)	(237.5		)

	Financing activities:
	Net borrowings (repayments) of long-term debt		123.9			(18.0		)	71.2			70.7
	Net borrowings (repayments) of floor plan notes payable — non-trade		78			16			28.8			33.2
	Repurchases of common stock		(15.8		)	(15.8		)	—			—
	Dividends		(40.7		)	(40.7		)	—			—
	Distributions from (to) parent		—			—			1.1			(1.1		)
	Other		0.2			—			—			0.2

Net cash from continuing financing activities		145.6			(58.5		)	101.1			103

Net cash from discontinued operations		18.5			—			8.7			9.8

Net change in cash and cash equivalents		27.5			—			(30.0		)	57.5
Cash and cash equivalents, beginning of period		43.8			—			34.7			9.1

Cash and cash equivalents, end of period		$	71.3		$	—		$	4.7		$	66.6

Interim_Financial_Statements_D

Interim Financial Statements (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Aug. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
	item	item	Sep. 30, 2013	item	Sep. 30, 2013	Dec. 31, 2013
Interim Financial Statements.	'	'	'	'	'	'
Number of people employed worldwide	'	'	'	20,000	'	'
Total revenues	'	$4,417.90	$3,759.10	$12,872.60	$10,739	$14,700
Minimum number of vehicles retailed and wholesaled	'	'	'	363,000	'	'
Total number of owned and operated franchises	'	324	'	324	'	'
Number of owned and operated franchises in US	'	177	'	177	'	'
Number of owned and operated franchises outside US	'	147	'	147	'	'
Interim Financial Statements	'	'	'	'	'	'
Minimum number of vehicle brands offered	'	'	'	35	'	'
Number of franchises awarded to the reporting entity	'	'	'	4	'	'
Number of franchises disposed of	'	'	'	7	'	'
Number of commercial vehicle dealership	3	'	'	'	'	'
Bermen, Germay	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Number of franchises disposed of	'	'	'	4	'	'
Hertz car rental franchise	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Number of acquired franchises	'	'	'	'	1	'
Number of vehicles in the fleet	'	6,400	'	6,400	'	'
Minimum number of on and off-airport locations in which company operates	'	50	'	50	'	'
Penske Commercial Vehicles	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Minimum number of dealership locations where business distributes vehicles and parts including three company-owned retail commercial vehicle dealerships	70	'	'	'	'	'
Penske Truck Leasing Co., L.P.	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Limited partnership interest (as a percent)	'	'	'	9.00%	'	'
BMW	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Additional investment amount	'	$16.60	'	$16.60	'	'
Investment Additional Ownership Percentage	'	'	'	50.00%	'	'
Represents the number of operating franchises	'	'	'	8	'	'
BMW \| U.S.	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Number of acquired franchises	'	'	'	1	'	'
Skipton VW \| UK	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Number of acquired franchises	'	'	'	1	'	'
Automotive dealership revenues \| Geographic \| U.S. and Puerto Rico	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Automotive dealership revenue (as a percent)	'	'	'	61.00%	'	'
Automotive dealership revenues \| Geographic \| Outside the U.S.	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Automotive dealership revenue (as a percent)	'	'	'	39.00%	'	'
Automotive dealership revenues \| Premium brands	'	'	'	'	'	'
Interim Financial Statements	'	'	'	'	'	'
Automotive dealership revenue (as a percent)	'	'	'	71.00%	'	'

Interim_Financial_Statements_D1

Interim Financial Statements (Details 2) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

In Millions, unless otherwise specified

5.75% senior subordinated notes due 2022

Mortgage facilities

Retail

Level 2

Combined financial information regarding entities accounted for as discontinued operations

Revenues

$25.40

$80.10

$101.60

$351.80

Pre-tax income (loss)

-2.5

-0.6

-18.7

-1.2

Pre-tax gain (loss) on disposal

14.8

0.8

Balance Sheet information regarding entities accounted for as discontinued operations

Inventories

22.7

55.8

Other assets

22.9

51.5

Assets Held-for-sale, Current, Total

45.6

107.3

45.6

107.3

Floor plan notes payable (including non-trade)

18.3

43.6

Other liabilities

15.4

16.1

Total liabilities

33.7

59.7

33.7

59.7

Interest rate (as a percent)

5.75%

Fair Value of Financial Instruments

Debt instrument, Carrying Value

1,233.40

1,083.20

550

130.9

118.6

Debt instrument, Fair Value

$567.60

$565.10

$131.60

$117

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Inventories	'	'
New vehicles	$1,627.10	$1,709.40
Used vehicles	629.9	585.5
Commercial vehicles	120.3	126.9
Parts, accessories and other	101.7	96.5
Total inventories	$2,479	$2,518.30

Inventories_Details_2

Inventories (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Inventories	'	'	'	'
Interest credits and advertising assistance	$10.90	$8.80	$30.60	$25.20

Business_Combinations_Details

Business Combinations (Details)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
	item	item
Hertz car rental franchise	'	'
Business combinations	'	'
Number of acquired franchises	'	1
Automotive retail franchise	'	'
Business combinations	'	'
Number of acquired franchises	2	1

Business_Combinations_Details_

Business Combinations (Details 2) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed	'	'
Accounts receivable	$0.70	$20.10
Inventory	29.1	124.3
Other current assets	1.2	2.8
Property and equipment	4.1	26.1
Indefinite-lived intangibles	57.1	133.1
Other non-current assets	'	8.4
Current liabilities	-2.6	-94.1
Non-current liabilities	-2.2	0.5
Total consideration	87.4	221.2
Seller financed/assumed debt	-1.2	'
Cash used in dealership acquisitions	$86.20	$221.20

Business_Combinations_Details_1

Business Combinations (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Summary of unaudited consolidated pro forma results of operations	'	'	'	'
Revenues	$4,417.90	$4,115	$12,916	$11,997.80
Income from continuing operations	76.4	73.5	222.9	216.6
Net income	$74.50	$72.70	$215	$215.20
Income from continuing operations per diluted common share (in dollars per share)	$0.85	$0.81	$2.46	$2.39
Net income per diluted common share (in dollars per share)	$0.83	$0.80	$2.38	$2.38

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Summary of the changes in the carrying amount of goodwill and franchise value	'
Goodwill, Beginning Balance	$1,144.50
Goodwill, Additions	55.2
Goodwill, Foreign currency translation	-12
Goodwill, Ending Balance	1,187.70
Franchise value, Beginning Balance	295.4
Franchise value, Additions	1.9
Franchise value, Foreign currency translation	-2.3
Franchise value, Ending Balance	$295

Intangible_Assets_Details_2

Intangible Assets (Details 2) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Summary of the changes in the carrying amount of goodwill by reportable segment	'	'
Goodwill	$1,187.70	$1,144.50
Retail	'	'
Summary of the changes in the carrying amount of goodwill by reportable segment	'	'
Goodwill	1,066.40	'
Other	'	'
Summary of the changes in the carrying amount of goodwill by reportable segment	'	'
Goodwill	$121.30	'

Vehicle_Financing_Details

Vehicle Financing (Details)	9 Months Ended
Vehicle Financing (Details)	Sep. 30, 2014	Sep. 30, 2013
Vehicle Financing	'	'
Maturity period of floor plan arrangements outside the U.S. if not payable on demand	'90 days	'
Weighted average interest rate on floor plan borrowings (as a percent)	1.80%	1.90%

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended		9 Months Ended
Earnings Per Share (Details)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reconciliation of number of shares used in calculation of basic and diluted earning per share	'	'	'	'
Weighted average number of common shares outstanding	90,300,000	90,200,000	90,400,000	90,300,000
Effect of non-participatory equity compensation (in shares)	36,000	36,000	36,000	36,000
Weighted average number of common shares outstanding, including effect of dilutive securities	90,300,000	90,200,000	90,400,000	90,300,000

LongTerm_Debt_Details

Long-Term Debt (Details)

Sep. 30, 2014

Dec. 31, 2013

Apr. 02, 2014

Sep. 30, 2014

Dec. 31, 2013

Apr. 02, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Aug. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Aug. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

In Millions, unless otherwise specified

USD ($)

US Credit Agreement Revolving Credit Line

US Credit Agreement Term Loan

UK Credit Agreement Revolving Credit Line

U.K. Agreement Term Loan

UK Credit Agreement Overdraft Line of Credit

5.75% senior subordinated notes due 2022

Rental car revolver

Working Capital Loan Agreement

Mortgage facilities

Other Debt Securities

USD ($)

GBP (£)

USD ($)

Minimum

Maximum

GBP (£)

USD ($)

GBP (£)

Minimum

Maximum

GBP (£)

USD ($)

Maximum

USD ($)

AUD

USD ($)

Debt redemption prior to October 1, 2015

Long Term Debt

Long-term Debt

$1,233.40

$1,083.20

$174

$90

$98

$136.20

$106

$21.90

$29.80

$550

$110

$86.90

$130.90

$118.60

$12.40

$3.90

Less: current portion

-71.8

-50

Net long-term debt

1,161.60

1,033.20

Interest rate (as a percent)

5.75%

Initial borrowing capacity

375

Line of credit basis spread on variable rate before amendment of agreement(as a percent)

2.25%

Maximum credit available

450

100

200

25.9

Base rate of interest on loans

'LIBOR

'Bank of England Base Rate

'three-month LIBOR

'30-day Bill Rate

Line of credit basis spread on variable rate (as a percent)

2.00%

1.35%

3.00%

1.75%

2.50%

2.35%

Incremental interest rate for uncollateralized borrowings in excess of maximum limit (as a percent)

1.50%

Balance outstanding under credit agreement

174

136.2

13.5

21.9

110

130.9

Repayment of term loan, quarterly installments

1.5

Frequency of principal repayments

'Quarterly

Final payment due December 31, 2015

7.5

Low end of interest rate, depending on UK subsidiaries ratios (as a percent)

2.68%

High end of interest rate, depending on UK subsidiaries ratios (as a percent)

4.33%

Debt issued

$550

Specified equity offerings, percentage of debt which may be redeemed

40.00%

Change of control, redemption price as a percentage of principal

101.00%

Sale of assets, redemption price as percentage of principal

100.00%

Domestic Subsidiaries ownership guaranteeing obligations (as a percent)

100.00%

Derivatives_and_Hedging_Detail

Derivatives and Hedging (Details) (USD $)	9 Months Ended	12 Months Ended			3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013
	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Interest Rate Swap Agreements	Forward foreign exchange contracts	Forward foreign exchange contracts
			Level 2	Level 2	Floating Rate Floor Plan Debt	Floating Rate Floor Plan Debt	Floating Rate Floor Plan Debt	Floating Rate Floor Plan Debt	Level 2	Level 2
							LIBOR portion	Fixed rate portion
Derivative	'	'	'	'	'	'	'	'	'	'
Portion of floating rate floor plan debt fixed by swap agreements	'	'	'	'	'	'	$300	$100	'	'
Interest rate swap, fixed (as a percent)	'	'	'	'	'	'	2.14%	1.55%	'	'
Estimated liabilities of swaps designated as hedging instruments, fair value	'	'	2.5	7.7	'	'	'	'	'	'
Hedge ineffectiveness recorded	0	0	'	'	'	'	'	'	'	'
Increase in the weighted average interest rate on floor plan borrowings due to the swaps (as a percent)	'	'	'	'	0.29%	0.29%	'	'	'	'
Estimated asset of contracts designated as hedging instruments, fair value	'	'	'	'	'	'	'	'	$1.50	$2.20

Commitments_and_Contingent_Lia1

Commitments and Contingent Liabilities (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Commitments and Contingent Liabilities	'
Lease period, minimum	'5 years
Lease period, maximum	'20 years
Loss Contingencies	'
Letters of credit outstanding	$24.10
Surety bonds posted	13.3
Holdings \| Holdings Bond	'
Loss Contingencies	'
Senior unsecured notes issued	700
Senior subordinated convertible notes, interest rate (as a percent)	3.80%
Penske Truck Leasing Co., L.P.	'
Loss Contingencies	'
Ownership interest in Penske Truck Leasing Co (as a percent)	9.00%
Guarantee of Indebtedness of Others \| GECC	'
Loss Contingencies	'
Percentage of interest agreed to indemnify if GECC required to make any payments of principal or interest	9.00%
Annual fee pay for acting as co-obligor	0.95
Value of interest payments included in maximum amount of Company's potential obligations	$63.10

Equity_Details

Equity (Details) (USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014
Stock Repurchase Period	'
Repurchase of common stock	$15.50
Amount authorized to be repurchased	77.6
Board of Directors	'
Stock Repurchase Period	'
Repurchased shares	175,000
Repurchase of common stock	8
Repurchased shares, average price (in dollars per share)	$45.95
Employee Equity Awards	'
Stock Repurchase Period	'
Repurchased shares	160,350
Repurchase of common stock	$7.50
Repurchased shares, average price (in dollars per share)	$46.48

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income / (Loss) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Changes in accumulated other comprehensive income (loss) by component	'	'	'	'
Balance at the beginning of the period	$36.90	($41.50)	$11.60	($6.80)
Other comprehensive income before reclassifications	-51.4	37.9	-28.4	2.4
Amounts reclassified from accumulated other comprehensive income - net of tax	1.1	0.5	3.4	1.3
Net current-period other comprehensive income	-50.3	38.4	-25	3.7
Balance at the end of the period	-13.4	-3.1	-13.4	-3.1
Foreign Currency Translation	'	'	'	'
Changes in accumulated other comprehensive income (loss) by component	'	'	'	'
Balance at the beginning of the period	37.8	-36.9	11.4	-1.2
Other comprehensive income before reclassifications	-52.8	41.8	-26.4	7
Amounts reclassified from accumulated other comprehensive income - net of tax	'	'	'	-0.9
Net current-period other comprehensive income	-52.8	41.8	-26.4	6.1
Balance at the end of the period	-15	4.9	-15	4.9
Other	'	'	'	'
Changes in accumulated other comprehensive income (loss) by component	'	'	'	'
Balance at the beginning of the period	-0.9	-4.6	0.2	-5.6
Other comprehensive income before reclassifications	1.4	-3.9	-2	-4.6
Amounts reclassified from accumulated other comprehensive income - net of tax	1.1	0.5	3.4	2.2
Net current-period other comprehensive income	2.5	-3.4	1.4	-2.4
Balance at the end of the period	$1.60	($8)	$1.60	($8)

Segment_Information_Details

Segment Information (Details)	9 Months Ended
	Sep. 30, 2014
	item
Segment Information	'
Number of reportable Segments	2
Number of geographic operating segments	4

Segment_Information_Details_2

Segment Information (Details 2) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Revenues and adjusted segment income by reportable segment	'	'	'	'	'
Revenues	$4,417.90	$3,759.10	$12,872.60	$10,739	$14,700
Segment income	116.2	97.6	339.2	281.9	'
Intersegment Elimination	'	'	'	'	'
Revenues and adjusted segment income by reportable segment	'	'	'	'	'
Revenues	-6.4	-5.7	-53.1	-27.1	'
Segment income	0.2	0.1	-0.2	-0.3	'
Retail \| Operating segments	'	'	'	'	'
Revenues and adjusted segment income by reportable segment	'	'	'	'	'
Revenues	4,305.30	3,698.80	12,566	10,678.10	'
Segment income	100.8	84	301	259	'
Other \| Operating segments	'	'	'	'	'
Revenues and adjusted segment income by reportable segment	'	'	'	'	'
Revenues	119	66	359.7	88	'
Segment income	$15.20	$13.50	$38.40	$23.20	'

Condensed_Consolidating_Financ2

Condensed Consolidating Financial Information (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Condensed consolidating balance sheet	'	'	'	'
Cash and cash equivalents	$150.50	$49.80	$71.30	$43.80
Accounts receivable, net	643.8	600.8	'	'
Inventories	2,479	2,518.30	'	'
Other current assets	100.4	88.4	'	'
Assets held for sale	45.6	107.3	'	'
Total current assets	3,419.30	3,364.60	'	'
Property and equipment, net	1,375.10	1,232.20	'	'
Intangible assets	1,482.70	1,439.90	'	'
Equity method investments	386.5	346.9	'	'
Other long-term assets	18.7	31.9	'	'
Total assets	6,682.30	6,415.50	'	'
Floor plan notes payable	1,606.10	1,685.10	'	'
Floor plan notes payable - non-trade	893.6	901.6	'	'
Accounts payable	382.7	373.3	'	'
Accrued expenses	317.3	262.6	'	'
Current portion of long-term debt	71.8	50	'	'
Liabilities held for sale	33.7	59.7	'	'
Total current liabilities	3,305.20	3,332.30	'	'
Long-term debt	1,161.60	1,033.20	'	'
Deferred tax liabilities	374.3	361.4	'	'
Other long-term liabilities	185.8	166.5	'	'
Total liabilities	5,026.90	4,893.40	'	'
Total equity	1,655.40	1,522.10	'	'
Total liabilities and equity	6,682.30	6,415.50	'	'
5.75% senior subordinated notes due 2022	'	'	'	'
Condensed consolidating balance sheet	'	'	'	'
Interest rate (as a percent)	5.75%	5.75%	'	5.75%
Domestic Subsidiaries ownership guaranteeing obligations (as a percent)	100.00%	'	'	'
Eliminations	'	'	'	'
Condensed consolidating balance sheet	'	'	'	'
Accounts receivable, net	-405.2	-392.5	'	'
Total current assets	-405.2	-392.5	'	'
Other long-term assets	-1,867.30	-1,686	'	'
Total assets	-2,272.50	-2,078.50	'	'
Accrued expenses	-405.2	-392.5	'	'
Total current liabilities	-405.2	-392.5	'	'
Long-term debt	-255	-123.6	'	'
Total liabilities	-660.2	-516.1	'	'
Total equity	-1,612.30	-1,562.40	'	'
Total liabilities and equity	-2,272.50	-2,078.50	'	'
Reportable legal entities \| Penske Automotive Group	'	'	'	'
Condensed consolidating balance sheet	'	'	'	'
Accounts receivable, net	405.2	392.5	'	'
Other current assets	3.9	2.9	'	'
Total current assets	409.1	395.4	'	'
Property and equipment, net	3.7	4	'	'
Equity method investments	316.8	294.9	'	'
Other long-term assets	1,878	1,697.50	'	'
Total assets	2,607.60	2,391.80	'	'
Floor plan notes payable - non-trade	127	128.1	'	'
Accounts payable	3	3.5	'	'
Accrued expenses	0.2	0.1	'	'
Total current liabilities	130.2	131.7	'	'
Long-term debt	822	738	'	'
Total liabilities	952.2	869.7	'	'
Total equity	1,655.40	1,522.10	'	'
Total liabilities and equity	2,607.60	2,391.80	'	'
Reportable legal entities \| Guarantor Subsidiaries	'	'	'	'
Condensed consolidating balance sheet	'	'	'	'
Cash and cash equivalents	'	12.6	4.7	34.7
Accounts receivable, net	311.9	382.1	'	'
Inventories	1,368.20	1,416.20	'	'
Other current assets	30.3	43.4	'	'
Assets held for sale	10.4	61	'	'
Total current assets	1,720.80	1,915.30	'	'
Property and equipment, net	885.7	800	'	'
Intangible assets	826.6	771.6	'	'
Other long-term assets	5.4	5.2	'	'
Total assets	3,438.50	3,492.10	'	'
Floor plan notes payable	893.9	1,009.50	'	'
Floor plan notes payable - non-trade	414.6	445.7	'	'
Accounts payable	139.3	141.7	'	'
Accrued expenses	153	122.2	'	'
Current portion of long-term debt	57.7	39.5	'	'
Liabilities held for sale	4.6	31	'	'
Total current liabilities	1,663.10	1,789.60	'	'
Long-term debt	174.3	158.4	'	'
Deferred tax liabilities	349.1	337.6	'	'
Other long-term liabilities	61.9	68.8	'	'
Total liabilities	2,248.40	2,354.40	'	'
Total equity	1,190.10	1,137.70	'	'
Total liabilities and equity	3,438.50	3,492.10	'	'
Reportable legal entities \| Non-Guarantor Subsidiaries	'	'	'	'
Condensed consolidating balance sheet	'	'	'	'
Cash and cash equivalents	150.5	37.2	66.6	9.1
Accounts receivable, net	331.9	218.7	'	'
Inventories	1,110.80	1,102.10	'	'
Other current assets	66.2	42.1	'	'
Assets held for sale	35.2	46.3	'	'
Total current assets	1,694.60	1,446.40	'	'
Property and equipment, net	485.7	428.2	'	'
Intangible assets	656.1	668.3	'	'
Equity method investments	69.7	52	'	'
Other long-term assets	2.6	15.2	'	'
Total assets	2,908.70	2,610.10	'	'
Floor plan notes payable	712.2	675.6	'	'
Floor plan notes payable - non-trade	352	327.8	'	'
Accounts payable	240.4	228.1	'	'
Accrued expenses	569.3	532.8	'	'
Current portion of long-term debt	14.1	10.5	'	'
Liabilities held for sale	29.1	28.7	'	'
Total current liabilities	1,917.10	1,803.50	'	'
Long-term debt	420.3	260.4	'	'
Deferred tax liabilities	25.2	23.8	'	'
Other long-term liabilities	123.9	97.7	'	'
Total liabilities	2,486.50	2,185.40	'	'
Total equity	422.2	424.7	'	'
Total liabilities and equity	$2,908.70	$2,610.10	'	'

Condensed_Consolidating_Financ3

Condensed Consolidating Financial Information (Details 2) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Condensed consolidating statement of income	'	'	'	'	'
Revenues	$4,417.90	$3,759.10	$12,872.60	$10,739	$14,700
Cost of sales	3,759.20	3,188	10,923	9,081.80	'
Gross profit	658.7	571.1	1,949.60	1,657.20	'
Selling, general and administrative expenses	512.9	446.4	1,513.90	1,286.20	'
Depreciation	17.8	15.4	51.8	44.4	'
Operating income	128	109.3	383.9	326.6	'
Floor plan interest expense	-11.2	-10.6	-33.9	-31.4	'
Other interest expense	-13.3	-12.3	-39.5	-35.7	'
Equity in earnings of affiliates	12.7	11.2	28.7	22.4	'
Income from continuing operations before income taxes	116.2	97.6	339.2	281.9	'
Income taxes	-39.2	-31.3	-114.4	-94.5	'
Income from continuing operations	77	66.3	224.8	187.4	'
(Loss) income from discontinued operations, net of tax	-1.9	-0.8	-7.9	-1.4	'
Net income	75.1	65.5	216.9	186	'
Other Comprehensive Income (Loss), Net of Taxes	-51	38.4	-26	4.3	'
Comprehensive Income	24.1	103.9	190.9	190.3	'
Less: Comprehensive income attributable to the non-controlling interests	-0.1	0.2	1	1.5	'
Comprehensive income attributable to Penske Automotive Group common stockholders	24.2	103.7	189.9	188.8	'
Eliminations	'	'	'	'	'
Condensed consolidating statement of income	'	'	'	'	'
Equity in earnings of subsidiaries	-125.7	-102	-365.3	-303.8	'
Income from continuing operations before income taxes	-125.7	-102	-365.3	-303.8	'
Income taxes	42.6	32.3	123.8	100.7	'
Income from continuing operations	-83.1	-69.7	-241.5	-203.1	'
(Loss) income from discontinued operations, net of tax	1.9	0.8	7.9	1.4	'
Net income	-81.2	-68.9	-233.6	-201.7	'
Other Comprehensive Income (Loss), Net of Taxes	50.1	-38.6	24.9	-4.4	'
Comprehensive Income	-31.1	-107.5	-208.7	-206.1	'
Less: Comprehensive income attributable to the non-controlling interests	0.7	'	0.9	-0.5	'
Comprehensive income attributable to Penske Automotive Group common stockholders	-31.8	-107.5	-209.6	-205.6	'
Reportable legal entities \| Penske Automotive Group	'	'	'	'	'
Condensed consolidating statement of income	'	'	'	'	'
Selling, general and administrative expenses	11.5	5.5	23.2	15.3	'
Depreciation	0.4	0.4	1	1.2	'
Operating income	-11.9	-5.9	-24.2	-16.5	'
Floor plan interest expense	-2.4	-2.4	-7.2	-7.2	'
Other interest expense	-7.5	-6.4	-22	-18.1	'
Equity in earnings of affiliates	11.7	10	25.3	18.8	'
Equity in earnings of subsidiaries	125.7	102	365.3	303.8	'
Income from continuing operations before income taxes	115.6	97.3	337.2	280.8	'
Income taxes	-39.2	-31.3	-114.4	-94.4	'
Income from continuing operations	76.4	66	222.8	186.4	'
(Loss) income from discontinued operations, net of tax	-1.9	-0.8	-7.9	-1.4	'
Net income	74.5	65.2	214.9	185	'
Other Comprehensive Income (Loss), Net of Taxes	-51	38.4	-26	4.3	'
Comprehensive Income	23.5	103.6	188.9	189.3	'
Less: Comprehensive income attributable to the non-controlling interests	-0.7	'	-0.9	0.5	'
Comprehensive income attributable to Penske Automotive Group common stockholders	24.2	103.6	189.8	188.8	'
Reportable legal entities \| Guarantor Subsidiaries	'	'	'	'	'
Condensed consolidating statement of income	'	'	'	'	'
Revenues	2,516.90	2,207.90	7,178	6,364.80	'
Cost of sales	2,128.50	1,857.30	6,034.20	5,330.30	'
Gross profit	388.4	350.6	1,143.80	1,034.50	'
Selling, general and administrative expenses	293.8	270.6	882.9	792.6	'
Depreciation	10.1	9.1	29.2	25.6	'
Operating income	84.5	70.9	231.7	216.3	'
Floor plan interest expense	-5.2	-4.8	-15.6	-14.5	'
Other interest expense	-1.3	-1.9	-3.6	-4.1	'
Income from continuing operations before income taxes	78	64.2	212.5	197.7	'
Income taxes	-30.9	-22.8	-82.7	-74	'
Income from continuing operations	47.1	41.4	129.8	123.7	'
(Loss) income from discontinued operations, net of tax	-0.9	0.4	6.3	1.2	'
Net income	46.2	41.8	136.1	124.9	'
Other Comprehensive Income (Loss), Net of Taxes	1.1	0.8	3.2	2.9	'
Comprehensive Income	47.3	42.6	139.3	127.8	'
Comprehensive income attributable to Penske Automotive Group common stockholders	47.3	42.6	139.3	127.8	'
Reportable legal entities \| Non-Guarantor Subsidiaries	'	'	'	'	'
Condensed consolidating statement of income	'	'	'	'	'
Revenues	1,901	1,551.20	5,694.60	4,374.20	'
Cost of sales	1,630.70	1,330.70	4,888.80	3,751.50	'
Gross profit	270.3	220.5	805.8	622.7	'
Selling, general and administrative expenses	207.6	170.3	607.8	478.3	'
Depreciation	7.3	5.9	21.6	17.6	'
Operating income	55.4	44.3	176.4	126.8	'
Floor plan interest expense	-3.6	-3.4	-11.1	-9.7	'
Other interest expense	-4.5	-4	-13.9	-13.5	'
Equity in earnings of affiliates	1	1.2	3.4	3.6	'
Income from continuing operations before income taxes	48.3	38.1	154.8	107.2	'
Income taxes	-11.7	-9.5	-41.1	-26.8	'
Income from continuing operations	36.6	28.6	113.7	80.4	'
(Loss) income from discontinued operations, net of tax	-1	-1.2	-14.2	-2.6	'
Net income	35.6	27.4	99.5	77.8	'
Other Comprehensive Income (Loss), Net of Taxes	-51.2	37.8	-28.1	1.5	'
Comprehensive Income	-15.6	65.2	71.4	79.3	'
Less: Comprehensive income attributable to the non-controlling interests	-0.1	0.2	1	1.5	'
Comprehensive income attributable to Penske Automotive Group common stockholders	($15.50)	$65	$70.40	$77.80	'

Condensed_Consolidating_Financ4

Condensed Consolidating Financial Information (Details 3) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Condensed consolidating statement of cash flows	'	'
Net cash from continuing operating activities	$277.30	$296.60
Investing activities:	'	'
Purchase of property and equipment	-119.6	-122.2
Purchase of car rental vehicles	-93.5	-82.3
Proceeds From Disposal Penske Car Rental Vehicles	45.1	8
Acquisitions, net	-86.2	-221.2
Other	-25.3	-15.5
Net cash used in continuing investing activities	-279.5	-433.2
Financing activities:	'	'
Net borrowings (repayments) of long-term debt	149.9	123.9
Net (repayments) borrowings of floor plan notes payable - non-trade	-8	78
Repurchases of common stock	-15.5	-15.8
Dividends	-51.5	-40.7
Other	0.3	0.2
Net cash provided by continuing financing activities	75.2	145.6
Net cash provided by discontinued operations	27.7	18.5
Net change in cash and cash equivalents	100.7	27.5
Cash and cash equivalents, beginning of period	49.8	43.8
Cash and cash equivalents, end of period	150.5	71.3
Reportable legal entities \| Penske Automotive Group	'	'
Condensed consolidating statement of cash flows	'	'
Net cash from continuing operating activities	-19.3	59.4
Investing activities:	'	'
Purchase of property and equipment	-0.6	-0.9
Other	4.1	'
Net cash used in continuing investing activities	3.5	-0.9
Financing activities:	'	'
Net borrowings (repayments) of long-term debt	84	-18
Net (repayments) borrowings of floor plan notes payable - non-trade	-1.2	16
Repurchases of common stock	-15.5	-15.8
Dividends	-51.5	-40.7
Net cash provided by continuing financing activities	15.8	-58.5
Reportable legal entities \| Guarantor Subsidiaries	'	'
Condensed consolidating statement of cash flows	'	'
Net cash from continuing operating activities	168.9	55
Investing activities:	'	'
Purchase of property and equipment	-65.5	-83
Purchase of car rental vehicles	-93.5	-82.3
Proceeds From Disposal Penske Car Rental Vehicles	45.1	8
Acquisitions, net	-80.5	-22
Other	-10.6	-15.5
Net cash used in continuing investing activities	-205	-194.8
Financing activities:	'	'
Net borrowings (repayments) of long-term debt	33.2	71.2
Net (repayments) borrowings of floor plan notes payable - non-trade	-28.8	28.8
Distributions from (to) parent	4.8	1.1
Net cash provided by continuing financing activities	9.2	101.1
Net cash provided by discontinued operations	14.3	8.7
Net change in cash and cash equivalents	-12.6	-30
Cash and cash equivalents, beginning of period	12.6	34.7
Cash and cash equivalents, end of period	'	4.7
Reportable legal entities \| Non-Guarantor Subsidiaries	'	'
Condensed consolidating statement of cash flows	'	'
Net cash from continuing operating activities	127.7	182.2
Investing activities:	'	'
Purchase of property and equipment	-53.5	-38.3
Acquisitions, net	-5.7	-199.2
Other	-18.8	'
Net cash used in continuing investing activities	-78	-237.5
Financing activities:	'	'
Net borrowings (repayments) of long-term debt	32.7	70.7
Net (repayments) borrowings of floor plan notes payable - non-trade	22	33.2
Distributions from (to) parent	-4.8	-1.1
Other	0.3	0.2
Net cash provided by continuing financing activities	50.2	103
Net cash provided by discontinued operations	13.4	9.8
Net change in cash and cash equivalents	113.3	57.5
Cash and cash equivalents, beginning of period	37.2	9.1
Cash and cash equivalents, end of period	$150.50	$66.60