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Consolidated Condensed Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
ASSETS  
Cash and cash equivalents$ 7,735$ 17,808
Accounts receivable, net of allowance for doubtful accounts of $2,259 and $1,898385,137383,379
Inventories1,481,6291,449,157
Other current assets88,67668,355
Assets held for sale54,168117,018
Total current assets2,017,3452,035,717
Property and equipment, net821,421719,762
Goodwill915,433807,874
Franchise value232,814203,401
Equity method investments293,819288,406
Other long-term assets14,63714,672
Total assets4,295,4694,069,832
LIABILITIES AND EQUITY  
Floor plan notes payable902,163918,628
Floor plan notes payable - non-trade597,982491,889
Accounts payable226,709253,277
Accrued expenses247,185202,480
Current portion of long-term debt9,64210,593
Liabilities held for sale34,46484,139
Total current liabilities2,018,1451,961,006
Long-term debt841,927769,285
Deferred tax liabilities183,708178,406
Other long-term liabilities139,271115,282
Total liabilities3,183,0513,023,979
Commitments and contingent liabilities  
Penske Automotive Group stockholders' equity:  
Preferred Stock, $0.0001 par value; 100 shares authorized; none issued and outstanding  
Common Stock, $0.0001 par value, 240,000 shares authorized; 90,242 shares issued and outstanding at September 30, 2011; 92,100 shares issued and outstanding at December 31, 201099
Additional paid-in-capital700,949738,728
Retained earnings419,814304,486
Accumulated other comprehensive loss(12,455)(1,673)
Total Penske Automotive Group stockholders' equity1,108,3171,041,550
Non-controlling interest4,1014,303
Total equity1,112,4181,045,853
Total liabilities and equity4,295,4694,069,832
Non-voting Common Stock, $0.0001 par value, 7,125 shares authorized; none issued and outstanding [Member]
  
Penske Automotive Group stockholders' equity:  
Common Stock, $0.0001 par value, 240,000 shares authorized; 90,242 shares issued and outstanding at September 30, 2011; 92,100 shares issued and outstanding at December 31, 2010  
Class C Common Stock, $0.0001 par value, 20,000 shares authorized; none issued and outstanding [Member]
  
Penske Automotive Group stockholders' equity:  
Common Stock, $0.0001 par value, 240,000 shares authorized; 90,242 shares issued and outstanding at September 30, 2011; 92,100 shares issued and outstanding at December 31, 2010