CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 20.7	$ 24.0
Accounts receivable, net of allowance for doubtful accounts of $4.9 and $4.5	827.7	879.0
Inventories	3,711.9	3,408.2
Other current assets	104.2	73.9
Assets held for sale		8.4
Total current assets	4,664.5	4,393.5
Property and equipment, net	1,990.3	1,806.5
Goodwill	1,641.3	1,291.2
Other indefinite-lived intangible assets	467.7	420.1
Equity method investments	921.5	893.4
Other long-term assets	26.6	28.3
Total assets	9,711.9	8,833.0
LIABILITIES AND EQUITY
Floor plan notes payable	2,151.1	2,084.5
Floor plan notes payable - non-trade	1,364.7	1,233.3
Accounts payable	559.9	497.4
Accrued expenses	413.2	360.0
Current portion of long-term debt	70.1	48.3
Liabilities held for sale	0.7	6.1
Total current liabilities	4,559.7	4,229.6
Long-term debt	1,955.8	1,828.8
Deferred tax liabilities	655.2	564.6
Other long-term liabilities	524.5	430.5
Total liabilities	7,695.2	7,053.5
Commitments and contingent liabilities (Note 9)
Penske Automotive Group stockholders' equity:
Common Stock
Additional paid-in-capital	529.6	497.1
Retained earnings	1,640.9	1,504.5
Accumulated other comprehensive income (loss)	(186.2)	(250.7)
Total Penske Automotive Group stockholders' equity	1,984.3	1,750.9
Non-controlling interest	32.4	28.6
Total equity	2,016.7	1,779.5
Total liabilities and equity	9,711.9	8,833.0
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock