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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
Total revenues $ 4,417.9 $ 3,759.1 $ 12,872.6 $ 10,739.0
Cost of sales:        
Total cost of sales 3,759.2 3,188.0 10,923.0 9,081.8
Gross profit 658.7 571.1 1,949.6 1,657.2
Selling, general and administrative expenses 512.9 446.4 1,513.9 1,286.2
Depreciation 17.8 15.4 51.8 44.4
Operating income 128.0 109.3 383.9 326.6
Floor plan interest expense (11.2) (10.6) (33.9) (31.4)
Other interest expense (13.3) (12.3) (39.5) (35.7)
Equity in earnings of affiliates 12.7 11.2 28.7 22.4
Income from continuing operations before income taxes 116.2 97.6 339.2 281.9
Income taxes (39.2) (31.3) (114.4) (94.5)
Income from continuing operations 77.0 66.3 224.8 187.4
Loss from discontinued operations, net of tax (1.9) (0.8) (7.9) (1.4)
Net income 75.1 65.5 216.9 186.0
Less: Income attributable to non-controlling interests 0.6 0.2 2.0 1.0
Net income attributable to Penske Automotive Group common stockholders 74.5 65.3 214.9 185.0
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.85 $ 0.73 $ 2.46 $ 2.06
Discontinued operations (in dollars per share) $ (0.02) $ (0.01) $ (0.08) $ (0.01)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.83 $ 0.72 $ 2.38 $ 2.05
Shares used in determining basic earnings per share (Note 6) (in shares) 90.3 90.2 90.4 90.3
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 0.85 $ 0.73 $ 2.46 $ 2.06
Discontinued operations (in dollars per share) $ (0.02) $ (0.01) $ (0.08) $ (0.01)
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 0.83 $ 0.72 $ 2.38 $ 2.05
Shares used in determining diluted earnings per share (Note 6) (in shares) 90.3 90.2 90.4 90.3
Amounts attributable to Penske Automotive Group common stockholders:        
Income from continuing operations 77.0 66.3 224.8 187.4
Less: Income attributable to non-controlling interests 0.6 0.2 2.0 1.0
Income from continuing operations, net of tax 76.4 66.1 222.8 186.4
Loss from discontinued operations, net of tax (1.9) (0.8) (7.9) (1.4)
Net income attributable to Penske Automotive Group common stockholders 74.5 65.3 214.9 185.0
New vehicle
       
Revenue:        
Total revenues 2,231.1 1,964.5 6,495.5 5,575.3
Cost of sales:        
Total cost of sales 2,059.9 1,817.0 5,994.7 5,152.4
Used vehicle
       
Revenue:        
Total revenues 1,301.9 1,078.5 3,776.8 3,128.4
Cost of sales:        
Total cost of sales 1,216.1 998.6 3,513.7 2,891.5
Finance and insurance, net
       
Revenue:        
Total revenues 114.7 98.2 331.9 278.8
Service and parts
       
Revenue:        
Total revenues 435.5 375.0 1,288.7 1,139.6
Cost of sales:        
Total cost of sales 176.8 149.3 522.7 461.5
Fleet and wholesale
       
Revenue:        
Total revenues 215.9 177.0 620.6 529.2
Cost of sales:        
Total cost of sales 214.6 174.7 611.8 520.1
Commercial vehicles, car rental and other
       
Revenue:        
Total revenues 118.8 65.9 359.1 87.7
Cost of sales:        
Total cost of sales $ 91.8 $ 48.4 $ 280.1 $ 56.3