CONSOLIDATED CONDENSED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 150.5	$ 49.8
Accounts receivable, net of allowance for doubtful accounts of $4.7 and $3.4	643.8	600.8
Inventories	2,479.0	2,518.3
Other current assets	100.4	88.4
Assets held for sale	45.6	107.3
Total current assets	3,419.3	3,364.6
Property and equipment, net	1,375.1	1,232.2
Goodwill	1,187.7	1,144.5
Franchise value	295.0	295.4
Equity method investments	386.5	346.9
Other long-term assets	18.7	31.9
Total assets	6,682.3	6,415.5
LIABILITIES AND EQUITY
Floor plan notes payable	1,606.1	1,685.1
Floor plan notes payable - non-trade	893.6	901.6
Accounts payable	382.7	373.3
Accrued expenses	317.3	262.6
Current portion of long-term debt	71.8	50.0
Liabilities held for sale	33.7	59.7
Total current liabilities	3,305.2	3,332.3
Long-term debt	1,161.6	1,033.2
Deferred tax liabilities	374.3	361.4
Other long-term liabilities	185.8	166.5
Total liabilities	5,026.9	4,893.4
Commitments and contingent liabilities (Note 9)
Penske Automotive Group stockholders' equity:
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding
Common Stock
Additional paid-in-capital	688.7	693.6
Retained earnings	962.6	799.2
Accumulated other comprehensive income (loss)	(13.4)	11.6
Total Penske Automotive Group stockholders' equity	1,637.9	1,504.4
Non-controlling interest	17.5	17.7
Total equity	1,655.4	1,522.1
Total liabilities and equity	6,682.3	6,415.5
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock