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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
Total revenues $ 3,699,175 $ 3,315,051 $ 7,103,774 $ 6,478,764
Cost of sales:        
Total cost of sales 3,130,152 2,810,080 6,000,544 5,478,829
Gross profit 569,023 504,971 1,103,230 999,935
Selling, general and administrative expenses 440,331 400,637 854,770 788,619
Depreciation 14,985 13,319 29,516 26,310
Operating income 113,707 91,015 218,944 185,006
Floor plan interest expense (10,900) (9,845) (21,168) (19,368)
Other interest expense (12,066) (11,478) (23,793) (23,572)
Equity in earnings of affiliates 8,901 8,168 11,249 12,578
Income from continuing operations before income taxes 99,642 77,860 185,232 154,644
Income taxes (35,164) (27,093) (63,571) (53,926)
Income from continuing operations 64,478 50,767 121,661 100,718
Income (Loss) from discontinued operations, net of tax (1,983) (1,155) (1,147) (4,100)
Net income 62,495 49,612 120,514 96,618
Less: Income attributable to non-controlling interests 453 520 808 708
Net income attributable to Penske Automotive Group common stockholders 62,042 49,092 119,706 95,910
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.71 $ 0.56 $ 1.34 $ 1.11
Discontinued operations (in dollars per share) $ (0.02) $ (0.01) $ (0.01) $ (0.05)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.69 $ 0.54 $ 1.33 $ 1.06
Shares used in determining basic earnings per share (in shares) 90,269 90,305 90,344 90,363
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.71 $ 0.56 $ 1.34 $ 1.11
Discontinued operations (in dollars per share) $ (0.02) $ (0.01) $ (0.01) $ (0.05)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.69 $ 0.54 $ 1.32 $ 1.06
Shares used in determining diluted earnings per share (in shares) 90,305 90,337 90,380 90,395
Amounts attributable to Penske Automotive Group common stockholders:        
Income from continuing operations 64,478 50,767 121,661 100,718
Less: Income attributable to non-controlling interests 453 520 808 708
Income from continuing operations, net of tax 64,025 50,247 120,853 100,010
Income (Loss) from discontinued operations, net of tax (1,983) (1,155) (1,147) (4,100)
Net income attributable to Penske Automotive Group common stockholders 62,042 49,092 119,706 95,910
New vehicle
       
Revenue:        
Total revenues 1,930,040 1,711,868 3,678,822 3,261,792
Cost of sales:        
Total cost of sales 1,786,015 1,574,457 3,399,029 2,994,512
Used vehicle
       
Revenue:        
Total revenues 1,082,310 936,978 2,084,338 1,872,273
Cost of sales:        
Total cost of sales 1,000,703 864,454 1,924,164 1,723,791
Finance and insurance, net
       
Revenue:        
Total revenues 95,849 81,279 182,595 159,242
Service and parts
       
Revenue:        
Total revenues 391,554 362,194 776,919 723,314
Cost of sales:        
Total cost of sales 156,358 150,160 317,196 303,002
Other
       
Revenue:        
Total revenues 199,422 222,732 381,100 462,143
Cost of sales:        
Total cost of sales $ 187,076 $ 221,009 $ 360,155 $ 457,524