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CONSOLIDATED STATEMENTS OF INCOME (USD $) In Millions, except Share data, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012
Revenue: |  |  |
Total revenues | $ 17,177.2 us-gaap_SalesRevenueNet | $ 14,443.9 us-gaap_SalesRevenueNet | $ 12,902.6 us-gaap_SalesRevenueNet
Cost of sales: |  |  |
Total cost of sales | 14,603.5 us-gaap_CostOfGoodsAndServicesSold | 12,246.9 us-gaap_CostOfGoodsAndServicesSold | 10,927.0 us-gaap_CostOfGoodsAndServicesSold
Gross profit | 2,573.7 us-gaap_GrossProfit | 2,197.0 us-gaap_GrossProfit | 1,975.6 us-gaap_GrossProfit
Selling, general and administrative expenses | 1,999.6 us-gaap_SellingGeneralAndAdministrativeExpense | 1,705.6 us-gaap_SellingGeneralAndAdministrativeExpense | 1,558.3 us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation | 70.0 us-gaap_Depreciation | 59.6 us-gaap_Depreciation | 52.2 us-gaap_Depreciation
Operating income | 504.1 us-gaap_OperatingIncomeLoss | 431.8 us-gaap_OperatingIncomeLoss | 365.1 us-gaap_OperatingIncomeLoss
Floor plan interest expense | (46.1)pag_FloorPlanInterestExpense | (43.1)pag_FloorPlanInterestExpense | (38.0)pag_FloorPlanInterestExpense
Other interest expense | (52.8)pag_InterestExpenseExcludingFloorPlanInterest | (45.2)pag_InterestExpenseExcludingFloorPlanInterest | (46.1)pag_InterestExpenseExcludingFloorPlanInterest
Equity in earnings of affiliates | 40.8 us-gaap_IncomeLossFromEquityMethodInvestments | 30.7 us-gaap_IncomeLossFromEquityMethodInvestments | 27.6 us-gaap_IncomeLossFromEquityMethodInvestments
Gain on investment | 16.0 us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain |  |
Debt redemption costs |  |  | (17.8)us-gaap_GainLossOnSaleOfDebtInvestments
Income from continuing operations before income taxes | 462.0 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 374.2 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 290.8 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income taxes | (153.2)us-gaap_IncomeTaxExpenseBenefit | (123.9)us-gaap_IncomeTaxExpenseBenefit | (94.6)us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations | 308.8 us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 250.3 us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 196.2 us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Loss from discontinued operations, net of tax | (18.7)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | (4.6)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | (9.0)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income | 290.1 us-gaap_ProfitLoss | 245.7 us-gaap_ProfitLoss | 187.2 us-gaap_ProfitLoss
Less: Income attributable to non-controlling interests | 3.4 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 1.5 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 1.7 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Penske Automotive Group common stockholders | 286.7 us-gaap_NetIncomeLoss | 244.2 us-gaap_NetIncomeLoss | 185.5 us-gaap_NetIncomeLoss
Basic earnings per share attributable to Penske Automotive Group common stockholders: |  |  |
Continuing operations (in dollars per share) | $ 3.38 us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 2.76 us-gaap_IncomeLossFromContinuingOperationsPerBasicShare | $ 2.15 us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations (in dollars per share) | $ (0.21)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare | $ (0.05)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare | $ (0.10)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) | $ 3.17 us-gaap_EarningsPerShareBasic | $ 2.71 us-gaap_EarningsPerShareBasic | $ 2.05 us-gaap_EarningsPerShareBasic
Shares used in determining basic earnings per share | 90,318,839 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 90,273,747 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 90,318,315 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted earnings per share attributable to Penske Automotive Group common stockholders: |  |  |
Continuing operations (in dollars per share) | $ 3.38 us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 2.75 us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare | $ 2.15 us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations (in dollars per share) | $ (0.21)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare | $ (0.05)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare | $ (0.10)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) | $ 3.17 us-gaap_EarningsPerShareDiluted | $ 2.70 us-gaap_EarningsPerShareDiluted | $ 2.05 us-gaap_EarningsPerShareDiluted
Shares used in determining diluted earnings per share | 90,354,839 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 90,330,621 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 90,342,315 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Amounts attributable to Penske Automotive Group common stockholders: |  |  |
Income from continuing operations | 308.8 us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 250.3 us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 196.2 us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Less: Income attributable to non-controlling interests | 3.4 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 1.5 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 1.7 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Income from continuing operations, net of tax | 305.4 us-gaap_IncomeLossFromContinuingOperations | 248.8 us-gaap_IncomeLossFromContinuingOperations | 194.5 us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of tax | (18.7)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | (4.6)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | (9.0)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income attributable to Penske Automotive Group common stockholders | 286.7 us-gaap_NetIncomeLoss | 244.2 us-gaap_NetIncomeLoss | 185.5 us-gaap_NetIncomeLoss
New vehicle |  |  |
Revenue: |  |  |
Total revenues | 8,672.6 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_NewVehicleMember | 7,506.6 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_NewVehicleMember | 6,659.2 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_NewVehicleMember
Cost of sales: |  |  |
Total cost of sales | 8,000.1 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_NewVehicleMember | 6,928.0 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_NewVehicleMember | 6,120.3 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_NewVehicleMember
Used vehicle |  |  |
Revenue: |  |  |
Total revenues | 4,947.0 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_UsedVehicleMember | 4,187.5 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_UsedVehicleMember | 3,657.2 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_UsedVehicleMember
Cost of sales: |  |  |
Total cost of sales | 4,612.2 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_UsedVehicleMember | 3,881.0 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_UsedVehicleMember | 3,378.6 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_UsedVehicleMember
Finance and insurance, net |  |  |
Revenue: |  |  |
Total revenues | 435.8 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_FinanceAndInsuranceNetMember | 370.2 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_FinanceAndInsuranceNetMember | 318.3 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_FinanceAndInsuranceNetMember
Service and parts |  |  |
Revenue: |  |  |
Total revenues | 1,712.6 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_ServiceAndPartsMember | 1,528.6 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_ServiceAndPartsMember | 1,424.2 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_ServiceAndPartsMember
Cost of sales: |  |  |
Total cost of sales | 693.4 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_ServiceAndPartsMember | 621.7 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_ServiceAndPartsMember | 595.0 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_ServiceAndPartsMember
Fleet and wholesale |  |  |
Revenue: |  |  |
Total revenues | 834.7 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_FleetAndWholesaleMember | 698.4 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_FleetAndWholesaleMember | 843.7 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_FleetAndWholesaleMember
Cost of sales: |  |  |
Total cost of sales | 825.1 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_FleetAndWholesaleMember | 687.8 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_FleetAndWholesaleMember | 833.1 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_FleetAndWholesaleMember
Commercial vehicle and other |  |  |
Revenue: |  |  |
Total revenues | 574.5 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_CommercialVehiclesCarRentalAndOthersMember | 152.6 us-gaap_SalesRevenueNet / pag_TypesOfRevenueAxis = pag_CommercialVehiclesCarRentalAndOthersMember |
Cost of sales: |  |  |
Total cost of sales | $ 472.7 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_CommercialVehiclesCarRentalAndOthersMember | $ 128.4 us-gaap_CostOfGoodsAndServicesSold / pag_TypesOfRevenueAxis = pag_CommercialVehiclesCarRentalAndOthersMember |

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