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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 54.9 $ 49.8
Accounts receivable, net of allowance for doubtful accounts of $3.9 and $2.4 677.7 600.8
Inventories 2,547.3 2,518.3
Other current assets 101.8 88.4
Assets held for sale 55.6 107.3
Total current assets 3,437.3 3,364.6
Property and equipment, net 1,301.2 1,232.2
Goodwill 1,205.6 1,144.5
Franchise value 296.3 295.4
Equity method investments 352.0 346.9
Other long-term assets 19.8 31.9
Total assets 6,612.2 6,415.5
LIABILITIES AND EQUITY    
Floor plan notes payable 1,721.6 1,685.1
Floor plan notes payable - non-trade 908.7 901.6
Accounts payable 411.7 373.3
Accrued expenses 319.1 262.6
Current portion of long-term debt 65.1 50.0
Liabilities held for sale 36.9 59.7
Total current liabilities 3,463.1 3,332.3
Long-term debt 1,010.3 1,033.2
Deferred tax liabilities 364.8 361.4
Other long-term liabilities 190.8 166.5
Total liabilities 5,029.0 4,893.4
Commitments and contingent liabilities      
Penske Automotive Group stockholders' equity:    
Preferred Stock, $0.0001 par value; 100 shares authorized; none issued and outstanding      
Common Stock      
Additional paid-in-capital 696.9 693.6
Retained earnings 850.5 799.2
Accumulated other comprehensive income (loss) 18.0 11.6
Total Penske Automotive Group stockholders' equity 1,565.4 1,504.4
Non-controlling interest 17.8 17.7
Total equity 1,583.2 1,522.1
Total liabilities and equity 6,612.2 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