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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 $ 11,384,090 $ 10,194,596 $ 8,969,523
Cost of sales:      
Total cost of sales 9,579,156 8,566,965 7,468,444
Gross profit 1,804,934 1,627,631 1,501,079
Selling, general and administrative expenses 1,460,151 1,325,742 1,249,718
Depreciation 48,648 46,071 51,338
Operating income 296,135 255,818 200,023
Floor plan interest expense (27,774) (33,336) (33,931)
Other interest expense (44,619) (48,903) (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 247,475 187,145 122,201
Income taxes (71,573) (63,901) (42,644)
Income from continuing operations 175,902 123,244 79,557
Income (loss) from discontinued operations, net of tax 2,356 (13,897) (2,637)
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 $ 1.91 $ 1.33 $ 0.86
Discontinued operations $ 0.03 $ (0.15) $ (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 $ 1.91 $ 1.33 $ 0.86
Discontinued operations $ 0.03 $ (0.15) $ (0.03)
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 175,902 123,244 79,557
Less: Income attributable to non-controlling interests 1,377 1,066 459
Income from continuing operations, net of tax 174,525 122,178 79,098
Income (loss) from discontinued operations, net of tax 2,356 (13,897) (2,637)
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 5,736,853 5,213,754 4,465,572
Cost of sales:      
Total cost of sales 5,258,997 4,783,455 4,104,233
Used vehicle [Member]
     
Revenue:      
Total revenues 3,333,265 2,810,461 2,507,468
Cost of sales:      
Total cost of sales 3,072,636 2,591,685 2,290,967
Finance and insurance, net [Member]
     
Revenue:      
Total revenues 277,287 244,078 214,740
Service and parts [Member]
     
Revenue:      
Total revenues 1,369,128 1,281,597 1,266,865
Cost of sales:      
Total cost of sales 585,476 553,840 570,327
Fleet and wholesale vehicle [Member]
     
Revenue:      
Total revenues 667,557 644,706 514,878
Cost of sales:      
Total cost of sales $ 662,047 $ 637,985 $ 502,917