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Consolidated Condensed Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenue:    
Total revenues $ 3,242,288 $ 2,751,036
Cost of sales:    
Total cost of sales 2,735,695 2,311,791
Gross profit 506,593 439,245
Selling, general and administrative expenses 398,637 355,391
Depreciation 13,349 11,798
Operating income 94,607 72,056
Floor plan interest expense (9,725) (6,925)
Other interest expense (12,210) (11,285)
Debt discount amortization   (1,718)
Equity in earnings of affiliates 4,410 22
Income from continuing operations before income taxes 77,082 52,150
Income taxes (26,902) (15,670)
Income from continuing operations 50,180 36,480
Loss from discontinued operations, net of tax (3,174) (2,483)
Net income 47,006 33,997
Less: Income attributable to non-controlling interests 188 70
Net income attributable to Penske Automotive Group common stockholders 46,818 33,927
Basic earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations $ 0.56 $ 0.39
Discontinued operations $ (0.04) $ (0.03)
Net income attributable to Penske Automotive Group common stockholders $ 0.52 $ 0.37
Shares used in determining basic earnings per share 90,306 92,472
Diluted earnings per share attributable to Penske Automotive Group common stockholders:    
Continuing operations $ 0.55 $ 0.39
Discontinued operations $ (0.04) $ (0.03)
Net income attributable to Penske Automotive Group common stockholders $ 0.52 $ 0.37
Shares used in determining diluted earnings per share 90,338 92,554
Amounts attributable to Penske Automotive Group common stockholders:    
Income from continuing operations 50,180 36,480
Less: Income attributable to non-controlling interests 188 70
Income from continuing operations, net of tax 49,992 36,410
Loss from discontinued operations, net of tax (3,174) (2,483)
Net income attributable to Penske Automotive Group common stockholders 46,818 33,927
New vehicle
   
Revenue:    
Total revenues 1,578,319 1,385,556
Cost of sales:    
Total cost of sales 1,446,281 1,275,804
Used vehicle
   
Revenue:    
Total revenues 969,732 791,734
Cost of sales:    
Total cost of sales 891,327 726,619
Finance and insurance, net
   
Revenue:    
Total revenues 79,894 66,463
Service and parts
   
Revenue:    
Total revenues 369,727 341,542
Cost of sales:    
Total cost of sales 156,525 146,649
Fleet and wholesale vehicle
   
Revenue:    
Total revenues 244,616 165,741
Cost of sales:    
Total cost of sales $ 241,562 $ 162,719