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Revenues (Tables)
6 Months Ended
Jun. 30, 2018
Revenues  
Schedule of accounts receivable and unearned revenues

 

 

 

 

 

 

 

 

 

 

June 30,

    

December 31,

 

 

  

2018

    

2017

  

Accounts receivable

 

 

 

 

 

 

 

Contracts in transit

 

$

306.6

 

$

356.1

 

Vehicle receivables

 

 

246.0

 

 

233.0

 

Manufacturer receivables

 

 

206.1

 

 

230.1

 

Trade receivables

 

 

153.2

 

 

136.7

 

 

 

 

 

 

 

 

 

Accrued expenses

 

 

 

 

 

 

 

Unearned revenues

 

$

278.9

 

$

302.6

 

 

Retail Automotive Dealership  
Revenues  
Schedule of disaggregation of revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

Retail Automotive Dealership Revenue

    

2018

    

2017

    

2018

    

2017

  

New vehicle

 

$

2,528.6

 

$

2,401.7

 

$

4,975.4

 

$

4,709.1

 

Used vehicle

 

 

1,896.9

 

 

1,640.1

 

 

3,763.7

 

 

3,181.1

 

Finance and insurance, net

 

 

162.9

 

 

147.2

 

 

323.7

 

 

284.6

 

Service and parts

 

 

547.8

 

 

520.3

 

 

1,091.3

 

 

1,019.2

 

Fleet and wholesale

 

 

319.3

 

 

331.4

 

 

597.4

 

 

603.1

 

Total retail automotive dealership revenue

 

$

5,455.5

 

$

5,040.7

 

$

10,751.5

 

$

9,797.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

Retail Automotive Dealership Revenue

    

2018

    

2017

    

2018

    

2017

 

U.S.

 

$

2,953.9

 

$

3,016.4

 

$

5,704.8

 

$

5,672.5

 

U.K.

 

 

2,107.0

 

 

1,721.3

 

 

4,299.8

 

 

3,547.7

 

Germany and Italy

 

 

394.6

 

 

303.0

 

 

746.9

 

 

576.9

 

Total retail automotive dealership revenue

 

$

5,455.5

 

$

5,040.7

 

$

10,751.5

 

$

9,797.1

 

 

Retail Commercial Truck Dealership  
Revenues  
Schedule of disaggregation of revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

Retail Commercial Truck Dealership Revenue

    

2018

    

2017

    

2018

    

2017

  

New truck

 

$

210.7

 

$

116.5

 

$

381.1

 

$

227.2

 

Used truck

 

 

27.3

 

 

23.2

 

 

53.8

 

 

42.2

 

Finance and insurance, net

 

 

3.6

 

 

2.3

 

 

6.8

 

 

4.5

 

Service and parts

 

 

92.2

 

 

83.3

 

 

182.6

 

 

161.3

 

Wholesale

 

 

5.0

 

 

3.2

 

 

6.9

 

 

5.0

 

Total retail commercial truck dealership revenue

 

$

338.8

 

$

228.5

 

$

631.2

 

$

440.2

 

 

Commercial Vehicle Distribution and Other  
Revenues  
Schedule of disaggregation of revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

Commercial Vehicle Distribution and Other

    

2018

    

2017

    

2018

    

2017

 

Penske Commercial Vehicles Australia

 

$

61.7

 

$

57.8

 

$

119.2

 

$

120.9

 

Penske Power Systems

 

 

83.3

 

 

55.2

 

 

183.5

 

 

104.2

 

Other

 

 

1.0

 

 

1.2

 

 

1.8

 

 

2.1

 

Total commercial vehicle distribution and other revenue

 

$

146.0

 

$

114.2

 

$

304.5

 

$

227.2