Consolidated Condensed Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 37,219	$ 28,676
Accounts receivable, net of allowance for doubtful accounts of $2,227 and $2,159	464,424	438,769
Inventories	1,830,841	1,572,568
Other current assets	91,963	80,179
Assets held for sale	39,059	81,122
Total current assets	2,463,506	2,201,314
Property and equipment, net	925,054	856,674
Goodwill	940,596	903,721
Franchise value	252,813	228,460
Equity method investments	296,627	298,640
Other long-term assets	14,269	13,490
Total assets	4,892,865	4,502,299
LIABILITIES AND EQUITY
Floor plan notes payable	1,158,252	977,548
Floor plan notes payable - non-trade	724,687	691,888
Accounts payable	310,686	220,538
Accrued expenses	258,726	201,179
Current portion of long-term debt	13,139	3,414
Liabilities held for sale	34,149	55,820
Total current liabilities	2,499,639	2,150,387
Long-term debt	793,603	846,777
Deferred tax liabilities	223,485	217,902
Other long-term liabilities	164,893	146,820
Total liabilities	3,681,620	3,361,886
Commitments and contingent liabilities
Penske Automotive Group stockholders' equity:
Preferred Stock, $0.0001 par value; 100 shares authorized; none issued and outstanding
Common Stock	9	9
Additional paid-in-capital	696,694	702,335
Retained earnings	536,367	459,375
Accumulated other comprehensive loss	(25,929)	(25,734)
Total Penske Automotive Group stockholders' equity	1,207,141	1,135,985
Non-controlling interest	4,104	4,428
Total equity	1,211,245	1,140,413
Total liabilities and equity	4,892,865	4,502,299
Non-voting Common Stock, $0.0001 par value, 7,125 shares authorized; none issued and outstanding
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock, $0.0001 par value, 20,000 shares authorized; none issued and outstanding
Penske Automotive Group stockholders' equity:
Common Stock