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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue:        
Total revenues $ 4,406.7 $ 3,630.6 $ 8,454.7 $ 6,979.9
Cost of sales:        
Total cost of sales 3,739.8 3,071.1 7,163.8 5,893.8
Gross profit 666.9 559.5 1,290.9 1,086.1
Selling, general and administrative expenses 513.2 432.7 1,001.0 839.8
Depreciation 17.5 14.7 34.0 29.0
Operating income 136.2 112.1 255.9 217.3
Floor plan interest expense (11.6) (10.7) (22.7) (20.8)
Other interest expense (13.1) (11.9) (26.2) (23.4)
Equity in earnings of affiliates 10.9 8.9 16.0 11.2
Income from continuing operations before income taxes 122.4 98.4 223.0 184.3
Income taxes (41.1) (34.9) (75.2) (63.2)
Income from continuing operations 81.3 63.5 147.8 121.1
Loss from discontinued operations, net of tax (7.4) (1.0) (6.0) (0.6)
Net income 73.9 62.5 141.8 120.5
Less: Income attributable to non-controlling interests 1.0 0.5 1.4 0.8
Net income attributable to Penske Automotive Group common stockholders 72.9 62.0 140.4 119.7
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.89 $ 0.70 $ 1.62 $ 1.33
Discontinued operations (in dollars per share) $ (0.08) $ (0.01) $ (0.07) $ (0.01)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.81 $ 0.69 $ 1.55 $ 1.32
Shares used in determining basic earnings per share (Note 6) (in shares) 90.4 90.3 90.4 90.3
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.89 $ 0.70 $ 1.62 $ 1.33
Discontinued operations (in dollars per share) $ (0.08) $ (0.01) $ (0.07) $ (0.01)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.81 $ 0.69 $ 1.55 $ 1.32
Shares used in determining diluted earnings per share (Note 6) (in shares) 90.4 90.3 90.4 90.4
Amounts attributable to Penske Automotive Group common stockholders:        
Income from continuing operations 81.3 63.5 147.8 121.1
Less: Income attributable to non-controlling interests 1.0 0.5 1.4 0.8
Income from continuing operations, net of tax 80.3 63.0 146.4 120.3
Loss from discontinued operations, net of tax (7.4) (1.0) (6.0) (0.6)
Net income attributable to Penske Automotive Group common stockholders 72.9 62.0 140.4 119.7
New vehicle
       
Revenue:        
Total revenues 2,238.1 1,894.0 4,264.4 3,610.8
Cost of sales:        
Total cost of sales 2,065.2 1,752.3 3,934.8 3,335.4
Used vehicle
       
Revenue:        
Total revenues 1,273.3 1,061.7 2,474.9 2,049.9
Cost of sales:        
Total cost of sales 1,183.0 982.0 2,297.6 1,892.9
Finance and insurance, net
       
Revenue:        
Total revenues 112.3 94.7 217.2 180.6
Service and parts
       
Revenue:        
Total revenues 435.7 384.9 853.2 764.6
Cost of sales:        
Total cost of sales 175.6 153.7 345.9 312.2
Fleet and wholesale
       
Revenue:        
Total revenues 216.8 180.3 404.7 352.2
Cost of sales:        
Total cost of sales 213.7 177.7 397.2 345.4
Commercial vehicles, car rental and other
       
Revenue:        
Total revenues 130.5 15.0 240.3 21.8
Cost of sales:        
Total cost of sales $ 102.3 $ 5.4 $ 188.3 $ 7.9