CONSOLIDATED CONDENSED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 61.4	$ 49.8
Accounts receivable, net of allowance for doubtful accounts of $4.3 and $2.4	641.2	600.8
Inventories	2,615.9	2,518.3
Other current assets	111.4	88.4
Assets held for sale	52.4	107.3
Total current assets	3,482.3	3,364.6
Property and equipment, net	1,367.8	1,232.2
Goodwill	1,217.9	1,144.5
Franchise value	300.5	295.4
Equity method investments	354.7	346.9
Other long-term assets	19.1	31.9
Total assets	6,742.3	6,415.5
LIABILITIES AND EQUITY
Floor plan notes payable	1,717.3	1,685.1
Floor plan notes payable - non-trade	934.0	901.6
Accounts payable	435.1	373.3
Accrued expenses	314.4	262.6
Current portion of long-term debt	81.6	50.0
Liabilities held for sale	41.1	59.7
Total current liabilities	3,523.5	3,332.3
Long-term debt	1,006.8	1,033.2
Deferred tax liabilities	372.8	361.4
Other long-term liabilities	192.5	166.5
Total liabilities	5,095.6	4,893.4
Commitments and contingent liabilities (Note 9)
Penske Automotive Group stockholders' equity:
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding
Common Stock
Additional paid-in-capital	685.8	693.6
Retained earnings	906.1	799.2
Accumulated other comprehensive income (loss)	36.9	11.6
Total Penske Automotive Group stockholders' equity	1,628.8	1,504.4
Non-controlling interest	17.9	17.7
Total equity	1,646.7	1,522.1
Total liabilities and equity	6,742.3	6,415.5
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock