XML 46 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Floor Plan Notes Payable - Trade and Non-trade | 9 Months Ended
--- | ---
Sep. 30, 2013
Floor Plan Notes Payable - Trade and Non-trade |
Floor Plan Notes Payable - Trade and Non-trade | 5. Floor Plan Notes Payable — Trade and Non-trade We finance substantially all of the commercial vehicles we purchase for distribution, new vehicles for retail sale and a portion of our used vehicle inventories for retail sale under revolving floor plan arrangements with various lenders, including the captive finance companies associated with automotive manufacturers. In the U.S., substantially all of our floor plan arrangements are due on demand; however, we have not historically been required to repay floor plan advances prior to the sale of the vehicles that have been financed. We typically make monthly interest payments on the amount financed. Outside of the U.S., substantially all of the floor plan arrangements are payable on demand or have an original maturity of 90 days or less, and we are generally required to repay floor plan advances at the earlier of the sale of the vehicles that have been financed or the stated maturity. The floor plan agreements grant a security interest in substantially all of the assets of our dealership and distribution subsidiaries, and in the U.S., Australia and New Zealand are guaranteed by us. Interest rates under the floor plan arrangements are variable and increase or decrease based on changes in the prime rate, defined London Interbank Offered Rate (“LIBOR”), the Finance House Bank Rate, the Euro Interbank Offer Rate or the Australian or New Zealand Bank Bill Swap Rate. We classify floor plan notes payable to a party other than the manufacturer of a particular new vehicle or commercial vehicle, and all floor plan notes payable relating to pre-owned vehicles, as floor plan notes payable — non-trade on our consolidated condensed balance sheets and classify related cash flows as a financing activity on our consolidated condensed statements of cash flows.

X
- Definition Information about floor plan notes payable trade and non-trade agreements, which includes information about the underlying arrangements, such as repayment terms, interest rates, and collateral provided, classification, and other matters important to users of the financial statements. + References No definition available. + Details
Name: | pag_FloorPlanNotesPayableTradeAndNonTradeDisclosureTextBlock
Namespace Prefix: | pag_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShortTermBorrowingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration