Equity

9 Months Ended

Sep. 30, 2011

Equity [Abstract]

Equity

10. Equity

Share Repurchase

During the three months ended September 30, 2011, the Company acquired 1,832 shares of our outstanding common stock for $31,850, or an average of $17.39 per share, under a program approved by the Company’s board of directors. As of September 30, 2011, our remaining authorization under the program was $106,779.

During the nine months ended September 30, 2011, the Company acquired 2,450 shares of our outstanding common stock for $44,263, or an average of $18.07 per share.

Comprehensive income (loss)

Other comprehensive income (loss) includes foreign currency translation gains and losses, as well as changes relating to other individually immaterial items, including certain defined benefit plans in the U.K. and changes in the fair value of interest rate swap agreements, each of which has been excluded from net income and reflected in equity. Total comprehensive income (loss) is summarized as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
Attributable to Penske Automotive Group:
Net income	$	55,707		$	29,977		$	129,194		$	79,772
Other comprehensive income (loss):
Foreign currency translation		(20,904	)		31,922			(1,170	)		(10,909	)
Other		(4,923	)		(117	)		(9,612	)		7,098
Total attributable to Penske Automotive Group		29,880			61,782			118,412			75,961
Attributable to the non-controlling interest:
Income		338			283			907			504
Total comprehensive income	$	30,218		$	62,065		$	119,319		$	76,465