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Long-Term Debt (Details) £ in Millions, AUD in Millions, $ in Millions |  | 1 Months Ended | 12 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
May. 01, 2015 USD ($) | Apr. 30, 2015 GBP (£) | Nov. 30, 2014 USD ($) | Aug. 31, 2012 USD ($) | Dec. 31, 2015 GBP (£) | Dec. 31, 2015 AUD | Dec. 31, 2015 GBP (£) | Dec. 31, 2015 USD ($) | Mar. 31, 2015 GBP (£) | Dec. 31, 2014 USD ($) | Dec. 31, 2013 | Dec. 31, 2012 GBP (£)
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | $ 1,284.3 |  | $ 1,353.2 |  |
Less: current portion |  |  |  |  |  |  |  | (29.2) |  | (37.2) |  |
Net long-term debt |  |  |  |  |  |  |  | 1,255.1 |  | 1,316.0 |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
2016 |  |  |  |  |  |  |  | 29.2 |  |  |  |
2017 |  |  |  |  |  |  |  | 18.0 |  |  |  |
2018 |  |  |  |  |  |  |  | 168.5 |  |  |  |
2019 |  |  |  |  |  |  |  | 22.2 |  |  |  |
2020 |  |  |  |  |  |  |  | 82.1 |  |  |  |
2021 and thereafter |  |  |  |  |  |  |  | 964.3 |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 1,284.3 |  | 1,353.2 |  |
Letters of credit outstanding |  |  |  |  |  |  |  | 24.1 |  |  |  |
U.S. Credit Agreement Revolving Credit Line |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 160.0 |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 160.0 |  |  |  |
Initial borrowing capacity | $ 450.0 |  |  |  |  |  |  |  |  |  |  |
Maximum credit available | 700.0 |  |  |  |  |  |  |  |  |  |  |
Balance outstanding under credit agreement |  |  |  |  |  |  |  | 160.0 |  |  |  |
Revolving loans solely for future U.S. acquisitions | $ 250.0 |  |  |  |  |  |  |  |  |  |  |
U.S. Credit Agreement Revolving Credit Line | LIBOR portion |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Base rate of interest on loans | LIBOR |  |  |  |  |  |  |  |  |  |  |
Line of credit basis spread on variable rate (as a percent) | 2.00% |  |  |  |  |  |  |  |  |  |  |
Incremental interest rate for uncollateralized borrowings in excess of maximum limit (as a percent) | 1.50% |  |  |  |  |  |  |  |  |  |  |
U.S. Credit Agreement Term Loan |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 0.0 |  | 88.0 |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 0.0 |  | 88.0 |  |
U.K. Credit Agreement Revolving Credit Line |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 70.7 |  | 121.5 |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 70.7 |  | 121.5 |  |
Maximum credit available | £ |  | £ 150.0 |  |  |  |  |  |  | £ 100.0 |  |  |
Balance outstanding under credit agreement |  |  |  |  |  |  | £ 48.0 | 70.7 |  |  |  |
U.K. Credit Agreement Revolving Credit Line | LIBOR portion |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Base rate of interest on loans |  | LIBOR |  |  |  |  |  |  |  |  |  |
U.K. Credit Agreement Revolving Credit Line | Minimum | LIBOR portion |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Line of credit basis spread on variable rate (as a percent) |  | 1.35% |  |  |  |  |  |  |  |  |  |
U.K. Credit Agreement Revolving Credit Line | Maximum | LIBOR portion |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Line of credit basis spread on variable rate (as a percent) |  | 3.00% |  |  |  |  |  |  |  |  |  |
U.K. Agreement Term Loan |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  |  |  | 18.7 |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  |  |  | 18.7 |  |
Maximum credit available | £ |  |  |  |  |  |  |  |  |  |  |  | £ 30.0
Repayment of term loan, quarterly installments | £ |  |  |  |  | £ 1.5 |  |  |  |  |  |  |
Frequency of principal repayments |  |  |  |  | Quarterly |  |  |  |  |  |  |
Final payment due December 31, 2015 | £ |  |  |  |  |  |  | £ 7.5 |  |  |  |  |
U.K. Agreement Term Loan | Minimum |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Low end of interest rate, depending on UK subsidiaries ratios (as a percent) |  |  |  |  | 2.675% |  |  |  |  |  |  |
U.K. Agreement Term Loan | Maximum |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
High end of interest rate, depending on UK subsidiaries ratios (as a percent) |  |  |  |  | 4.325% |  |  |  |  |  |  |
U.K. Credit Agreement Overdraft Line of Credit |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  |  |  | 5.7 |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  |  |  | 5.7 |  |
U.K. Credit Agreement Overdraft Line of Credit | Bank of England Base Rate |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Base rate of interest on loans |  | Bank of England Base Rate |  |  |  |  |  |  |  |  |  |
Line of credit basis spread on variable rate (as a percent) |  | 1.75% |  |  |  |  |  |  |  |  |  |
5.375% Senior Subordinated Notes Due 2024 |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | $ 300.0 |  | $ 300.0 |  |
Interest rate (as a percent) |  |  |  |  |  | 5.375% | 5.375% | 5.375% |  | 5.375% |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | $ 300.0 |  | $ 300.0 |  |
Debt issued |  |  | $ 300.0 |  |  |  |  |  |  |  |  |
Domestic Subsidiaries ownership guaranteeing obligations (as a percent) |  |  |  |  |  | 100.00% | 100.00% | 100.00% |  |  |  |
5.375% Senior Subordinated Notes Due 2024 | Debt redemption prior to December 1, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Change of control, redemption price as a percentage of principal |  |  | 101.00% |  |  |  |  |  |  |  |  |
Sale of assets, redemption price as percentage of principal |  |  | 100.00% |  |  |  |  |  |  |  |  |
5.375% Senior Subordinated Notes Due 2024 | Penske Automotive Group |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  | 5.375% | 5.375% | 5.375% |  | 5.375% |  |
5.375% Senior Subordinated Notes Due 2024 | Maximum | Debt redemption prior to December 1, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Specified equity offerings, percentage of debt which may be redeemed |  |  | 40.00% |  |  |  |  |  |  |  |  |
5.75% Senior Subordinated Notes Due 2022 |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | $ 550.0 |  | $ 550.0 |  |
Interest rate (as a percent) |  |  |  |  |  | 5.75% | 5.75% | 5.75% |  | 5.75% |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | $ 550.0 |  | $ 550.0 |  |
Debt issued |  |  |  | $ 550.0 |  |  |  |  |  |  |  |
Domestic Subsidiaries ownership guaranteeing obligations (as a percent) |  |  |  |  |  | 100.00% | 100.00% | 100.00% |  |  |  |
5.75% Senior Subordinated Notes Due 2022 | Debt Redemption Prior To October 1, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Change of control, redemption price as a percentage of principal |  |  |  | 101.00% |  |  |  |  |  |  |  |
Sale of assets, redemption price as percentage of principal |  |  |  | 100.00% |  |  |  |  |  |  |  |
5.75% Senior Subordinated Notes Due 2022 | Penske Automotive Group |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  | 5.75% | 5.75% | 5.75% |  | 5.75% | 5.75% |
U.S. Commercial Truck Capital Loan |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  |  |  | $ 60.5 |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  |  |  | 60.5 |  |
Balance outstanding under credit agreement |  |  |  |  |  |  |  |  |  | 60.5 |  |
Australia Working Capital Loan Agreement |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | $ 5.5 |  |  |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 5.5 |  |  |  |
Maximum credit available |  |  |  |  |  | AUD 28.0 |  | 20.4 |  |  |  |
Base rate of interest on loans |  |  |  |  | 30-day Bill Rate |  |  |  |  |  |  |
Line of credit basis spread on variable rate (as a percent) |  |  |  |  | 2.35% |  |  |  |  |  |  |
Balance outstanding under credit agreement |  |  |  |  |  |  |  | 5.5 |  |  |  |
Mortgage Facilities |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 165.8 |  | 169.7 |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 165.8 |  | 169.7 |  |
Balance outstanding under credit agreement |  |  |  |  |  |  |  | 165.8 |  |  |  |
Other Debt Securities |  |  |  |  |  |  |  |  |  |  |  |
Long Term Debt |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | 32.3 |  | 39.1 |  |
Scheduled maturities of long-term debt for each of the next five years and thereafter |  |  |  |  |  |  |  |  |  |  |  |
Total long-term debt |  |  |  |  |  |  |  | $ 32.3 |  | $ 39.1 |  |

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- Definition Represents the redemption price as a percentage of the principal amount at which the debt instrument may be required to be redeemed in the event of a change of control. + References No definition available. + Details
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- Definition Minimum contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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