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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue:      
Total revenues $ 14,563.9 $ 12,957.3 $ 10,926.4
Cost of sales:      
Total cost of sales 12,325.3 10,971.3 9,193.8
Gross profit 2,238.6 1,986.0 1,732.6
Selling, general and administrative expenses 1,744.6 1,570.5 1,394.6
Depreciation 61.1 52.9 45.8
Operating income 432.9 362.6 292.2
Floor plan interest expense (43.3) (38.1) (26.6)
Other interest expense (47.7) (46.6) (44.1)
Debt discount amortization     (1.7)
Equity in earnings of affiliates 30.7 27.6 25.4
Debt redemption costs   (17.8)  
Income from continuing operations before income taxes 372.6 287.7 245.2
Income taxes (123.2) (93.4) (70.6)
Income from continuing operations 249.4 194.3 174.6
Income (loss) from discontinued operations, net of tax (3.7) (7.1) 3.7
Net income 245.7 187.2 178.3
Less: Income attributable to non-controlling interests 1.5 1.7 1.4
Net income attributable to Penske Automotive Group common stockholders 244.2 185.5 176.9
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 2.75 $ 2.13 $ 1.90
Discontinued operations (in dollars per share) $ (0.04) $ (0.08) $ 0.04
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 2.71 $ 2.05 $ 1.94
Shares used in determining basic earnings per share (in shares) 90,273,747 90,318,315 91,153,620
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 2.74 $ 2.13 $ 1.90
Discontinued operations (in dollars per share) $ (0.04) $ (0.08) $ 0.04
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 2.70 $ 2.05 $ 1.94
Shares used in determining diluted earnings per share (in shares) 90,330,621 90,342,315 91,274,132
Amounts attributable to Penske Automotive Group common stockholders:      
Income from continuing operations 249.4 194.3 174.6
Less: Income attributable to non-controlling interests 1.5 1.7 1.4
Income from continuing operations, net of tax 247.9 192.6 173.2
Income (loss) from discontinued operations, net of tax (3.7) (7.1) 3.7
Net income attributable to Penske Automotive Group common stockholders 244.2 185.5 176.9
New vehicle
     
Revenue:      
Total revenues 7,538.3 6,682.5 5,537.2
Cost of sales:      
Total cost of sales 6,958.0 6,141.9 5,077.5
Used vehicle
     
Revenue:      
Total revenues 4,210.4 3,674.6 3,166.7
Cost of sales:      
Total cost of sales 3,902.5 3,394.6 2,917.6
Finance and insurance, net
     
Revenue:      
Total revenues 371.7 319.4 267.1
Service and parts
     
Revenue:      
Total revenues 1,535.7 1,429.9 1,311.9
Cost of sales:      
Total cost of sales 624.6 597.4 560.3
Fleet and wholesale
     
Revenue:      
Total revenues 702.7 846.9 643.5
Cost of sales:      
Total cost of sales 691.8 836.2 638.4
Commercial vehicle and car rental
     
Revenue:      
Total revenues 205.1 4.0  
Cost of sales:      
Total cost of sales $ 148.4 $ 1.2