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Accumulated Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of the changes in accumulated other comprehensive income/(loss) by component and the reclassifications out of accumulated other comprehensive income/(loss) attributable to the entity's common stockholders
Changes in accumulated other comprehensive income (loss) by component during the three months ended March 31, 2024 and 2023, respectively, attributable to Penske Automotive Group common stockholders follows:
Three Months Ended March 31, 2024
Foreign
Currency
Translation
OtherAccumulated Other Comprehensive Income (Loss)
Balance at December 31, 2023
$(262.6)$(1.5)$(264.1)
Other comprehensive income (loss), net of tax(36.8)3.6 (33.2)
Balance at March 31, 2024
$(299.4)$2.1 $(297.3)
Three Months Ended March 31, 2023
Foreign
Currency
Translation
OtherAccumulated Other Comprehensive Income (Loss)
Balance at December 31, 2022
$(328.1)$(7.2)$(335.3)
Other comprehensive income, net of tax18.0 4.8 22.8 
Balance at March 31, 2023
$(310.1)$(2.4)$(312.5)