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Consolidated Condensed Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue:    
Total revenues$ 2,951,046$ 2,669,773$ 8,623,710$ 7,697,770
Cost of sales:    
Total cost of sales2,483,9392,251,6047,249,6386,464,394
Gross profit467,107418,1691,374,0721,233,376
Selling, general and administrative expenses375,432339,1201,111,8121,003,151
Depreciation12,59011,82036,57835,123
Operating income79,08567,229225,682195,102
Floor plan interest expense(7,020)(8,805)(21,131)(24,907)
Other interest expense(11,288)(12,229)(33,264)(37,491)
Debt discount amortization (1,647)(1,718)(6,990)
Equity in earnings of affiliates9,6237,37017,52711,725
Gain on debt repurchase 607 1,634
Income from continuing operations before income taxes70,40052,525187,096139,073
Income taxes(13,355)(17,428)(51,293)(48,485)
Income from continuing operations57,04535,097135,80390,588
Loss from discontinued operations, net of tax(1,000)(4,837)(5,702)(10,312)
Net income56,04530,260130,10180,276
Less: Income attributable to non-controlling interests338283907504
Net income attributable to Penske Automotive Group common stockholders55,70729,977129,19479,772
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations$ 0.62$ 0.38$ 1.46$ 0.98
Discontinued operations$ (0.01)$ (0.05)$ (0.06)$ (0.11)
Net income attributable to Penske Automotive Group common stockholders$ 0.61$ 0.33$ 1.40$ 0.87
Shares used in determining basic earnings per share91,39092,01892,10692,097
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations$ 0.62$ 0.38$ 1.46$ 0.98
Discontinued operations$ (0.01)$ (0.05)$ (0.06)$ (0.11)
Net income attributable to Penske Automotive Group common stockholders$ 0.61$ 0.33$ 1.40$ 0.87
Shares used in determining diluted earnings per share91,43192,14192,16992,171
Amounts attributable to Penske Automotive Group common stockholders:    
Income from continuing operations57,04535,097135,80390,588
Less: Income attributable to non-controlling interests338283907504
Income from continuing operations, net of tax56,70734,814134,89690,084
Loss from discontinued operations, net of tax(1,000)(4,837)(5,702)(10,312)
Net income attributable to Penske Automotive Group common stockholders55,70729,977129,19479,772
Cash dividends per share$ 0.08 $ 0.15 
New vehicle [Member]
    
Revenue:    
Total revenues1,471,6061,373,2404,288,7463,882,945
Cost of sales:    
Total cost of sales1,346,9951,263,3863,932,3603,565,684
Used vehicle [Member]
    
Revenue:    
Total revenues890,251750,7202,580,2612,170,006
Cost of sales:    
Total cost of sales823,562694,8062,375,5081,999,446
Finance and insurance, net [Member]
    
Revenue:    
Total revenues73,28965,185208,765184,577
Service and parts [Member]
    
Revenue:    
Total revenues354,616326,4941,049,467974,913
Cost of sales:    
Total cost of sales153,153139,906451,600420,552
Fleet and wholesale vehicle [Member]
    
Revenue:    
Total revenues161,284154,134496,471485,329
Cost of sales:    
Total cost of sales$ 160,229$ 153,506$ 490,170$ 478,712