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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue:        
Total revenues $ 3,824,143 $ 3,336,020 $ 10,927,917 $ 9,814,784
Cost of sales:        
Total cost of sales 3,244,235 2,834,536 9,244,779 8,313,365
Gross profit 579,908 501,484 1,683,138 1,501,419
Selling, general and administrative expenses 454,188 400,039 1,308,958 1,188,658
Depreciation 15,784 13,704 45,300 40,014
Operating income 109,936 87,741 328,880 272,747
Floor plan interest expense (10,840) (9,951) (32,008) (29,319)
Other interest expense (12,370) (11,583) (36,163) (35,155)
Equity in earnings of affiliates 11,240 8,814 22,489 21,392
Debt redemption costs   (17,753)   (17,753)
Income from continuing operations before income taxes 97,966 57,268 283,198 211,912
Income taxes (31,692) (15,421) (95,263) (69,347)
Income from continuing operations 66,274 41,847 187,935 142,565
Income (Loss) from discontinued operations, net of tax (742) (534) (1,889) (4,634)
Net income 65,532 41,313 186,046 137,931
Less: Income attributable to non-controlling interests 257 282 1,065 990
Net income attributable to Penske Automotive Group common stockholders 65,275 41,031 184,981 136,941
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.73 $ 0.46 $ 2.07 $ 1.57
Discontinued operations (in dollars per share) $ (0.01) $ (0.01) $ (0.02) $ (0.05)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.72 $ 0.45 $ 2.05 $ 1.52
Shares used in determining basic earnings per share (in shares) 90,201,075 90,263,865 90,297,797 90,330,378
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.73 $ 0.46 $ 2.07 $ 1.57
Discontinued operations (in dollars per share) $ (0.01) $ (0.01) $ (0.02) $ (0.05)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.72 $ 0.45 $ 2.05 $ 1.52
Shares used in determining diluted earnings per share (in shares) 90,237,075 90,295,865 90,333,797 90,362,378
Amounts attributable to Penske Automotive Group common stockholders:        
Income from continuing operations 66,274 41,847 187,935 142,565
Less: Income attributable to non-controlling interests 257 282 1,065 990
Income from continuing operations, net of tax 66,017 41,565 186,870 141,575
Income (Loss) from discontinued operations, net of tax (742) (534) (1,889) (4,634)
Net income attributable to Penske Automotive Group common stockholders 65,275 41,031 184,981 136,941
New vehicle
       
Revenue:        
Total revenues 1,995,836 1,736,131 5,674,658 4,997,923
Cost of sales:        
Total cost of sales 1,846,504 1,601,762 5,245,533 4,596,274
Used vehicle
       
Revenue:        
Total revenues 1,098,484 969,130 3,182,822 2,841,403
Cost of sales:        
Total cost of sales 1,017,109 898,264 2,941,273 2,622,055
Finance and insurance, net
       
Revenue:        
Total revenues 99,758 83,650 282,353 242,892
Service and parts
       
Revenue:        
Total revenues 381,485 365,351 1,158,404 1,088,665
Cost of sales:        
Total cost of sales 152,033 154,203 469,229 457,205
Fleet and wholesale
       
Revenue:        
Total revenues 182,629 181,758 541,924 643,901
Cost of sales:        
Total cost of sales 180,162 180,307 532,391 637,831
Commercial vehicle and car rental
       
Revenue:        
Total revenues 65,951   87,756  
Cost of sales:        
Total cost of sales $ 48,427   $ 56,353