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

 

 

 

 

 

 

 

 

 

 

September 30,

    

December 31,

 

 

  

2018

    

2017

  

Accounts receivable

 

 

 

 

 

 

 

Contracts in transit

 

$

318.7

 

$

356.1

 

Vehicle receivables

 

 

251.9

 

 

233.0

 

Manufacturer receivables

 

 

216.8

 

 

230.1

 

Trade receivables

 

 

158.9

 

 

136.7

 

 

 

 

 

 

 

 

 

Accrued expenses

 

 

 

 

 

 

 

Unearned revenues

 

$

271.7

 

$

302.6

 

 

Retail Automotive Dealership  
Revenues  
Schedule of disaggregation of revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

Retail Automotive Dealership Revenue

    

2018

    

2017

    

2018

    

2017

  

New vehicle

 

$

2,350.2

 

$

2,480.8

 

$

7,325.6

 

$

7,189.9

 

Used vehicle

 

 

1,825.2

 

 

1,669.5

 

 

5,588.9

 

 

4,850.6

 

Finance and insurance, net

 

 

158.5

 

 

152.0

 

 

482.2

 

 

436.6

 

Service and parts

 

 

523.8

 

 

520.9

 

 

1,615.1

 

 

1,540.1

 

Fleet and wholesale

 

 

290.8

 

 

262.2

 

 

888.2

 

 

865.3

 

Total retail automotive dealership revenue

 

$

5,148.5

 

$

5,085.4

 

$

15,900.0

 

$

14,882.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

Retail Automotive Dealership Revenue

    

2018

    

2017

    

2018

    

2017

 

U.S.

 

$

2,891.6

 

$

2,953.1

 

$

8,596.4

 

$

8,625.5

 

U.K.

 

 

1,945.1

 

 

1,864.6

 

 

6,244.9

 

 

5,412.3

 

Germany and Italy

 

 

311.8

 

 

267.7

 

 

1,058.7

 

 

844.7

 

Total retail automotive dealership revenue

 

$

5,148.5

 

$

5,085.4

 

$

15,900.0

 

$

14,882.5

 

 

Retail Commercial Truck Dealership  
Revenues  
Schedule of disaggregation of revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

Retail Commercial Truck Dealership Revenue

    

2018

    

2017

    

2018

    

2017

  

New truck

 

$

249.4

 

$

184.3

 

$

630.5

 

$

411.5

 

Used truck

 

 

32.5

 

 

25.7

 

 

86.3

 

 

67.9

 

Finance and insurance, net

 

 

2.9

 

 

2.1

 

 

9.0

 

 

6.6

 

Service and parts

 

 

93.1

 

 

83.3

 

 

275.7

 

 

244.6

 

Other

 

 

7.4

 

 

4.2

 

 

15.0

 

 

9.2

 

Total retail commercial truck dealership revenue

 

$

385.3

 

$

299.6

 

$

1,016.5

 

$

739.8

 

 

Commercial Vehicle Distribution and Other  
Revenues  
Schedule of disaggregation of revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

Commercial Vehicle Distribution and Other

    

2018

    

2017

    

2018

    

2017

 

Penske Commercial Vehicles Australia

 

$

50.4

 

$

70.7

 

$

169.6

 

$

191.6

 

Penske Power Systems

 

 

73.3

 

 

67.6

 

 

256.8

 

 

171.8

 

Other

 

 

1.1

 

 

1.1

 

 

2.9

 

 

3.2

 

Total commercial vehicle distribution and other revenue

 

$

124.8

 

$

139.4

 

$

429.3

 

$

366.6