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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue:      
Total revenues $ 11,556,232 $ 10,328,385 $ 9,012,217
Cost of sales:      
Total cost of sales 9,730,842 8,684,270 7,505,088
Gross profit 1,825,390 1,644,115 1,507,129
Selling, general and administrative expenses 1,478,297 1,339,125 1,254,500
Depreciation 48,903 46,253 51,401
Operating income 298,190 258,737 201,228
Floor plan interest expense (28,515) (33,779) (34,097)
Other interest expense (45,020) (49,176) (55,085)
Debt discount amortization (1,718) (8,637) (13,043)
Equity in earnings of affiliates 25,451 20,569 13,808
Gain on debt repurchase   1,634 10,429
Income from continuing operations before income taxes 248,388 189,348 123,240
Income taxes (71,933) (64,732) (43,055)
Income from continuing operations 176,455 124,616 80,185
Income (loss) from discontinued operations, net of tax 1,803 (15,269) (3,265)
Net income 178,258 109,347 76,920
Less: Income attributable to non-controlling interests 1,377 1,066 459
Net income attributable to Penske Automotive Group common stockholders 176,881 108,281 76,461
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations $ 1.92 $ 1.34 $ 0.87
Discontinued operations $ 0.02 $ (0.16) $ (0.03)
Net income attributable to Penske Automotive Group common stockholders $ 1.94 $ 1.18 $ 0.84
Shares used in determining basic earnings per share 91,154 92,018 91,557
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations $ 1.92 $ 1.34 $ 0.87
Discontinued operations $ 0.02 $ (0.16) $ (0.04)
Net income attributable to Penske Automotive Group common stockholders $ 1.94 $ 1.18 $ 0.83
Shares used in determining diluted earnings per share 91,274 92,091 91,653
Amounts attributable to Penske Automotive Group common stockholders:      
Income from continuing operations 176,455 124,616 80,185
Less: Income attributable to non-controlling interests 1,377 1,066 459
Income from continuing operations, net of tax 175,078 123,550 79,726
Income (loss) from discontinued operations, net of tax 1,803 (15,269) (3,265)
Net income attributable to Penske Automotive Group common stockholders 176,881 108,281 76,461
Cash dividends per share $ 0.24    
New vehicle [Member]
     
Revenue:      
Total revenues 5,811,084 5,276,371 4,481,682
Cost of sales:      
Total cost of sales 5,328,053 4,841,556 4,119,190
Used vehicle [Member]
     
Revenue:      
Total revenues 3,399,981 2,857,922 2,524,421
Cost of sales:      
Total cost of sales 3,136,474 2,637,356 2,306,468
Finance and insurance, net [Member]
     
Revenue:      
Total revenues 278,027 244,687 215,039
Service and parts [Member]
     
Revenue:      
Total revenues 1,394,990 1,301,811 1,272,872
Cost of sales:      
Total cost of sales 599,651 564,494 573,232
Fleet and wholesale vehicle [Member]
     
Revenue:      
Total revenues 672,150 647,594 518,203
Cost of sales:      
Total cost of sales $ 666,664 $ 640,864 $ 506,198