CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 43,753	$ 27,201
Accounts receivable, net of allowance for doubtful accounts of $2,919 and $2,086	552,868	429,633
Inventories	1,991,167	1,535,386
Other current assets	90,854	72,981
Assets held for sale	94,441	159,243
Total current assets	2,773,083	2,224,444
Property and equipment, net	1,023,781	839,630
Goodwill	974,720	897,305
Franchise value	283,292	225,901
Equity method investments	303,160	298,640
Other long-term assets	20,954	13,481
Total assets	5,378,990	4,499,401
LIABILITIES AND EQUITY
Floor plan notes payable	1,408,363	966,579
Floor plan notes payable - non-trade	716,621	668,581
Accounts payable	263,349	214,870
Accrued expenses	223,574	195,108
Current portion of long-term debt	19,493	3,414
Liabilities held for sale	62,156	103,001
Total current liabilities	2,693,556	2,151,553
Long-term debt	918,024	846,777
Deferred tax liabilities	287,818	205,845
Other long-term liabilities	163,271	145,654
Total liabilities	4,062,669	3,349,829
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	700,013	702,335
Retained earnings	611,026	466,991
Accumulated other comprehensive income (loss)	(6,833)	(24,191)
Total Penske Automotive Group stockholders' equity	1,304,215	1,145,144
Non-controlling interest	12,106	4,428
Total equity	1,316,321	1,149,572
Total liabilities and equity	5,378,990	4,499,401
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock