<SEC-DOCUMENT>0001019849-19-000017.txt : 20190627
<SEC-HEADER>0001019849-19-000017.hdr.sgml : 20190627
<ACCEPTANCE-DATETIME>20190627155343
ACCESSION NUMBER:		0001019849-19-000017
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190627
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190627
DATE AS OF CHANGE:		20190627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PENSKE AUTOMOTIVE GROUP, INC.
		CENTRAL INDEX KEY:			0001019849
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				223086739
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12297
		FILM NUMBER:		19925294

	BUSINESS ADDRESS:	
		STREET 1:		2555 TELEGRAPH RD
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48302-0954
		BUSINESS PHONE:		248-648-2500

	MAIL ADDRESS:	
		STREET 1:		2555 TELEGRAPH RD
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48302-0954

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED AUTO GROUP INC
		DATE OF NAME CHANGE:	19960726
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pag-20190627x8k.htm
<DESCRIPTION>8-K
<TEXT>
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		<title>
			PAG 8K-US_Credit_Agreement_Amendment
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	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:0pt;border-top:3pt double #000000 ;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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			<font style="display:inline;color:#000000;font-size:12pt;">UNITED STATES</font>
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		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;color:#000000;font-size:12pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">WASHINGTON, D.C. 20549</font>
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			<font style="display:inline;font-size:7pt;">&nbsp;</font>
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			<font style="display:inline;color:#000000;font-size:16pt;">FORM 8-K</font>
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			<font style="display:inline;font-size:7pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">CURRENT REPORT</font>
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		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
			<font style="display:inline;font-size:7pt;">&nbsp;</font>
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			<font style="display:inline;color:#000000;font-size:9pt;">Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</font>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">Date of Report (Date of Earliest Event Reported):</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">June 24, 2019</font></p>
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		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 22pt;">
			<font style="display:inline;color:#000000;font-size:22pt;">Penske Automotive Group, Inc.</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
			<font style="display:inline;color:#000000;font-size:7pt;">__________________________________________</font>
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			<font style="display:inline;color:#000000;font-size:9pt;">(Exact name of registrant as specified in its charter)</font>
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			<font style="display:inline;font-size:9pt;">&nbsp;</font>
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						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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						<font style="display:inline;color:#000000;font-size:9pt;">Delaware</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">1-12297</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">22-3086739</font></p>
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						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">(State or other jurisdiction</font></p>
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				<td valign="top" style="width:01.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">(Commission</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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				<td valign="bottom" style="width:32.00%;border-top:1pt solid #000000 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">(I.R.S. Employer</font></p>
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						<font style="display:inline;color:#000000;font-size:9pt;">of incorporation)</font></p>
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						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">File Number)</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">Identification No.)</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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				<td valign="top" style="width:01.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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				<td valign="top" style="width:01.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">2555 Telegraph Road, Bloomfield Hills, Michigan</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">48302</font></p>
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						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
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					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:32.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:01.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:32.00%;border-bottom:1pt solid #000000 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:32.00%;border-top:1pt solid #000000 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">(Address of principal executive offices)</font></p>
				</td>
				<td valign="top" style="width:01.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:32.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:01.00%;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:32.00%;border-top:1pt solid #000000 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">(Zip Code)</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
			<tr>
				<td valign="top" style="width:51.00%;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">Registrant&#x2019;s telephone number, including area code:</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:48.00%;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 9pt;">
						<font style="display:inline;color:#000000;font-size:9pt;">248-648-2500</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">Not Applicable</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">______________________________________________</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">Former name or former address, if changed since last report</font>
		</p>
		<p style="margin:6pt 0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">Securities registered pursuant to Section 12(b) of the Act:</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 8pt;">
			<font style="display:inline;font-size:8pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;line-height:100%;margin-bottom:0pt;">
			<tr>
				<td valign="top" style="width:174.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:8pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:117.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:175.20pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:9pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:174.85pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 2.2pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
						<font style="display:inline;color:#000000;font-size:7pt;">Title of each class</font></p>
				</td>
				<td valign="top" style="width:117.45pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 2.2pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
						<font style="display:inline;color:#000000;font-size:7pt;">Trading Symbol(s)</font></p>
				</td>
				<td valign="top" style="width:175.20pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 2.2pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
						<font style="display:inline;color:#000000;font-size:7pt;">Name of each exchange on which registered</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:174.85pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 2.2pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
						<font style="display:inline;color:#000000;font-size:7pt;">Voting Common Stock, par value $0.0001 per share</font></p>
				</td>
				<td valign="top" style="width:117.45pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 2.2pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
						<font style="display:inline;color:#000000;font-size:7pt;">PAG</font></p>
				</td>
				<td valign="top" style="width:175.20pt;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 2.2pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
						<font style="display:inline;color:#000000;font-size:7pt;">New York Stock Exchange</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">&#x2610;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">&#x2610;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">&#x2610;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;color:#000000;font-size:9pt;">&#x2610;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">Emerging growth company </font><font style="display:inline;color:#000000;font-size:9pt;">&#x2610;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </font><font style="display:inline;color:#000000;font-size:9pt;">&#x2610;</font>
		</p>
		<p style="margin:0pt;border-bottom:3pt double #000000 ;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&#xF020;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			&nbsp;
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<a name="part_1_2_1"></a><a name="item_1_46_1"></a><a name="part_1_2_2"></a><a name="item_1_47_1"></a><font style="display:inline;font-weight:bold;color:#000000;">Item 1.01 Entry into a Material Definitive Agreement.</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">Our U.S. credit agreement (the &#x201C;U.S. credit agreement&#x201D;) with Mercedes-Benz Financial Services USA LLC and Toyota Motor Credit Corporation provides for up to $700.0 million in revolving loans for working capital, acquisitions, capital expenditures, investments and other general corporate purposes, which includes $250.0 million in revolving loans solely for future U.S. acquisitions. The </font><font style="display:inline;color:#000000;font-size:10pt;">U.S. credit agreement expires on September 30, 2022. </font><font style="display:inline;font-size:10pt;">The revolving loans bear interest at LIBOR plus 2.00%, subject to an incremental 1.50% for uncollateralized borrowings in excess of a defined borrowing base. </font>
		</p>
		<p style="margin:0pt;text-indent:10.8pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">The U.S. credit agreement is fully and unconditionally guaranteed on a joint and several basis by substantially all of our U.S. subsidiaries and contains a number of significant covenants that, among other things, restrict our ability to dispose of assets, incur additional indebtedness, repay other indebtedness, pay dividends, create liens on assets, make investments or acquisitions and engage in mergers or consolidations. We are also required to comply with specified financial and other tests and ratios, each as defined in the U.S. credit agreement including: a ratio of current assets to current liabilities, a fixed charge coverage ratio, a ratio of debt to stockholders&#x2019; equity and a ratio of debt to earnings before interest, taxes, depreciation and amortization (&#x201C;EBITDA&#x201D;). A breach of these requirements would give rise to certain remedies under the agreement, the most severe of which is the termination of the agreement and acceleration of the amounts owed. </font>
		</p>
		<p style="margin:0pt;text-indent:10.8pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;font-size:10pt;">The U.S. credit agreement also contains typical events of default, including change of control, non-payment of obligations and cross-defaults to our other material indebtedness. Substantially all of our U.S. assets are subject to security interests granted to the lenders under the U.S. credit agreement. &nbsp;</font><font style="display:inline;color:#000000;font-size:10pt;">On June 24, 2019, we amended our U.S. credit agreement to provide additional covenant flexibility in respect of permitted mortgage indebtedness.</font><font style="display:inline;color:#000000;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;">We purchase motor vehicles from Daimler AG and Toyota Motor Credit Corporation, affiliates of the respective lenders under the U.S. credit agreement, for sale at certain of our dealerships.&nbsp;&nbsp;The lenders also provide certain of our dealerships with mortgage, &#x201C;floor-plan&#x201D; and consumer financings&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;">The foregoing description of the amendment is qualified in its entirety by reference to the amendment, which is filed as Exhibit 4.1 and incorporated by reference herein. </font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">Item 9.01 Financial Statements and Exhibits.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;">Exhibit 4.1 Third Amendment to Fifth Amended and Restated Credit Agreement dated June 24, 2019 among us, Mercedes-Benz Financial Services USA LLC and Toyota Motor Credit Corporation.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"><a name="part_1_2_3"></a></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">Exhibit&nbsp;Index</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
			<tr>
				<td valign="bottom" style="width:36.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:423.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:36.00pt;border-bottom:1pt solid #000000 ;height:8.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-weight:bold;color:#000000;">Exhibit No.</font></p>
				</td>
				<td valign="bottom" style="width:09.00pt;height:8.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:423.00pt;border-bottom:1pt solid #000000 ;height:8.60pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-weight:bold;color:#000000;">Description</font></p>
				</td>
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			<tr>
				<td valign="top" style="width:36.00pt;border-top:1pt solid #000000 ;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">4.1</font></p>
				</td>
				<td valign="bottom" style="width:09.00pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:423.00pt;border-top:1pt solid #000000 ;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<a href="pag-20190627ex41a7d3d0e.htm"><font style="display:inline;">Third Amendment to Fifth Amended and Restated Credit Agreement dated June 24, 2019 among us, Mercedes-Benz Financial Services USA LLC and Toyota Motor Credit Corporation.</font></a></p>
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				<td valign="top" style="width:36.00pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:09.00pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:423.00pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;color:#000000;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 8pt;line-height:107.92%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;color:#000000;">SIGNATURES</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;color:#000000;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;">
			<tr>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:155.80pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;">&nbsp;</font></p>
				</td>
				<td colspan="3" valign="top" style="width:224.45pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;color:#000000;">Penske Automotive Group, Inc.</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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			</tr>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-style:italic;color:#000000;">June 27, 2019</font></p>
				</td>
				<td valign="bottom" style="width:155.80pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-style:italic;color:#000000;">By:</font></p>
				</td>
				<td valign="bottom" style="width:12.75pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:197.60pt;border-bottom:1pt solid #000000 ;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-style:italic;color:#000000;">/s/ Shane M. Spradlin</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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				<td valign="bottom" style="width:12.75pt;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:197.60pt;border-top:1pt solid #000000 ;height:10.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-style:italic;color:#000000;">Name: Shane M. Spradlin</font></p>
				</td>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;">
						<font style="display:inline;color:#000000;">&nbsp;</font></p>
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					<p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-style:italic;color:#000000;">Title: Executive Vice President</font></p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>2
<FILENAME>pag-20190627ex41a7d3d0e.htm
<DESCRIPTION>EX-4.1
<TEXT>
<!--HTML document created with Toppan Merrill Bridge  9.2.1.13-->
<!--Created on: 6/27/2019 3:51:06 PM-->
<html>
	<head>
		<title>
			EXH_41_Third_Amendment_to_Credit_Agreement
		</title>
	</head>
	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:right;border-bottom:1pt none #D9D9D9 ;text-decoration:none;font-weight:bold;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;text-decoration:none;">Exhibit 4.1</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;border-top:1pt none #D9D9D9 ;text-decoration:none;text-align:center;font-weight:bold;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;text-decoration:none;">THIRD AMENDMENT TO <br />FIFTH AMENDED AND RESTATED CREDIT AGREEMENT</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;border-bottom:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">This THIRD AMENDMENT, dated as of June 24, 2019 (this &#x201C;</font><font style="display:inline;font-size:11pt;text-decoration:underline;">Amendment</font><font style="display:inline;font-size:11pt;">&#x201D;), is to the Fifth Amended and Restated Credit Agreement (as heretofore amended, the &#x201C;</font><font style="display:inline;font-size:11pt;text-decoration:underline;">Credit Agreement</font><font style="display:inline;font-size:11pt;">&#x201D;), dated as of May 1, 2015 among PENSKE AUTOMOTIVE GROUP, INC., a Delaware corporation (the &#x201C;</font><font style="display:inline;font-size:11pt;text-decoration:underline;">Company</font><font style="display:inline;font-size:11pt;">&#x201D;), various financial institutions party thereto (the &#x201C;</font><font style="display:inline;font-size:11pt;text-decoration:underline;">Lenders</font><font style="display:inline;font-size:11pt;">&#x201D;) and MERCEDES-BENZ FINANCIAL SERVICES USA LLC, as agent for the Lenders (the &#x201C;</font><font style="display:inline;font-size:11pt;text-decoration:underline;">Agent</font><font style="display:inline;font-size:11pt;">&#x201D;).&nbsp;&nbsp;Unless otherwise defined herein, terms defined in the Credit Agreement are used herein as defined in the Credit Agreement (including as amended hereby).</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">WHEREAS, the parties hereto desire to amend the Credit Agreement in certain respects&nbsp;as set forth herein.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;border-top:1pt none #D9D9D9 ;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows:</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:4pt;"><p style="width:4pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:uppercase;font-size:11pt;text-decoration:none;line-height:100%;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 13pt 0pt 0pt;"> SECTION 1</font>
			<font style="display:inline;font-weight:bold;font-size:11pt;text-decoration:underline;">AMENDMENT</font><font style="display:inline;font-weight:bold;font-size:11pt;">.</font><font style="display:inline;font-size:11pt;"> &nbsp;Subject to the terms and conditions hereof, </font><font style="display:inline;font-size:11pt;text-decoration:underline;">Section 9.7</font><font style="display:inline;font-size:11pt;"> of the Credit Agreement is amended by amending and restating </font><font style="display:inline;font-size:11pt;text-decoration:underline;">clause (o)</font><font style="display:inline;font-size:11pt;"> thereof in its entirety to read as follows: </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 36pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">(o) Real Estate Debt, </font><font style="display:inline;font-size:11pt;text-decoration:underline;">provided</font><font style="display:inline;font-size:11pt;"> that the aggregate outstanding principal amount of all Real Estate Debt of the Company and its Subsidiaries shall not exceed $500,000,000 at any time;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:4pt;"><p style="width:4pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:uppercase;font-size:11pt;text-decoration:none;line-height:100%;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 13pt 0pt 0pt;"> SECTION 2</font>
			<font style="display:inline;font-weight:bold;font-size:11pt;text-decoration:underline;">REPRESENTATIONS AND WARRANTIES</font><font style="display:inline;font-weight:bold;font-size:11pt;">.</font><font style="display:inline;font-size:11pt;"> The Company represents and warrants to the Agent and the Lenders that:&nbsp;&nbsp;(a) the representations and warranties made in </font><font style="display:inline;font-size:11pt;text-decoration:underline;">Section 8</font><font style="display:inline;font-size:11pt;"> of the Credit Agreement are true and correct on and as of the date hereof with the same effect as if made on and as of the date hereof (except to the extent relating solely to an earlier date, in which case they were true and correct as of such earlier date); (b) no Event of Default or Unmatured Event of Default exists or will result from the execution of this Amendment; (c) no event or circumstance has occurred since the Effective Date that has resulted, or would reasonably be expected to result, in a Material Adverse Effect; (d) the execution and delivery by the Company of this Amendment and the performance by the Company of its obligations under the Credit Agreement as amended hereby (as so amended, the &#x201C;</font><font style="display:inline;font-size:11pt;text-decoration:underline;">Amended Credit Agreement</font><font style="display:inline;font-size:11pt;">&#x201D;) (i) are within the corporate powers of the Company, (ii) have been duly authorized by all necessary corporate action, (iii) have received all necessary approval from any governmental authority and (iv) do not and will not contravene or conflict with any provision of any law, rule or regulation or any order, decree, judgment or award which is binding on the Company or any of its Subsidiaries or of any provision of the certificate of incorporation or bylaws or other organizational documents of the Company or of any agreement, indenture, instrument or other document which is binding on the Company or any of its Subsidiaries; and (e) the Amended Credit Agreement is the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors&#x2019; rights generally or by equitable principles relating to enforceability. </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:4pt;"><p style="width:4pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:uppercase;font-size:11pt;text-decoration:none;line-height:100%;border-top:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 13pt 0pt 0pt;"> SECTION 3</font>
			<font style="display:inline;font-weight:bold;font-size:11pt;text-decoration:underline;">EFFECTIVENESS</font><font style="display:inline;font-weight:bold;font-size:11pt;">.</font><font style="display:inline;font-size:11pt;"> &nbsp;This Amendment shall become effective upon the receipt of this Amendment by Agent duly executed by the Company and the Required Lenders.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;text-align:left;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 8pt;">

			<font style="display:inline;">732723622.2 16509377</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 12pt;"><font style="display:inline;"></font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:4pt;"><p style="width:4pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:uppercase;font-size:11pt;text-decoration:none;line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 13pt 0pt 0pt;"> SECTION 4</font>
			<font style="font-weight:bold;text-decoration:underline;display:inline;font-size:11pt;">MISCELLANEOUS</font><font style="display:inline;font-weight:bold;font-size:11pt;">.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:none;color:#000000;font-size:11pt;text-decoration:none;line-height:100%;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 22pt 0pt 0pt;"> 4.1</font>
			<font style="display:inline;font-size:11pt;text-decoration:underline;">Continuing Effectiveness, etc</font><font style="display:inline;font-size:11pt;">.&nbsp;&nbsp;As hereby amended, the Credit Agreement shall remain in full force and effect and is hereby ratified and confirmed in all respects.&nbsp;&nbsp;All references in the Credit Agreement, the Notes, each other Loan Document and any similar document to the &#x201C;Credit Agreement&#x201D; or similar terms shall refer to the Credit Agreement as amended hereby. </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:none;color:#000000;font-size:11pt;text-decoration:none;line-height:100%;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 22pt 0pt 0pt;"> 4.2</font>
			<font style="display:inline;font-size:11pt;text-decoration:underline;">Counterparts</font><font style="display:inline;font-size:11pt;">.&nbsp;&nbsp;This Amendment may be executed in any number of counterparts and by the different parties on separate counterparts, and each such counterpart shall be deemed to be an original but all such counterparts shall together constitute one and the same Amendment.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:none;color:#000000;font-size:11pt;text-decoration:none;line-height:100%;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 22pt 0pt 0pt;"> 4.3</font>
			<font style="display:inline;font-size:11pt;text-decoration:underline;">Expenses</font><font style="display:inline;font-size:11pt;">.&nbsp;&nbsp;The Company agrees to pay the reasonable costs and expenses of the Agent and the Lenders in connection with the preparation, execution and delivery of this Amendment.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:none;color:#000000;font-size:11pt;text-decoration:none;line-height:100%;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 22pt 0pt 0pt;"> 4.4</font>
			<font style="display:inline;font-size:11pt;text-decoration:underline;">Severability of Provisions</font><font style="display:inline;font-size:11pt;">.&nbsp;&nbsp;In the event that any provision in or obligation under this Amendment shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:none;color:#000000;font-size:11pt;text-decoration:none;line-height:100%;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 22pt 0pt 0pt;"> 4.5</font>
			<font style="display:inline;font-size:11pt;text-decoration:underline;">Section Headings</font><font style="display:inline;font-size:11pt;">.&nbsp;&nbsp;The various headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Credit Agreement or any provision hereof or thereof.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:none;color:#000000;font-size:11pt;text-decoration:none;line-height:100%;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 22pt 0pt 0pt;"> 4.6</font>
			<font style="display:inline;font-size:11pt;text-decoration:underline;">Governing Law</font><font style="display:inline;font-size:11pt;">.&nbsp;&nbsp;This Amendment shall be a contract made under and governed by the laws of the State of New York applicable to contracts made and to be wholly performed within the State of New York.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="line-height:100%;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:none;color:#000000;font-size:11pt;text-decoration:none;line-height:100%;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 22pt 0pt 0pt;"> 4.7</font>
			<font style="display:inline;font-size:11pt;text-decoration:underline;">Successors and Assigns</font><font style="display:inline;font-size:11pt;">.&nbsp;&nbsp;This Amendment shall be binding upon the Company, the Lenders and the Agent and their respective successors and assigns, and shall inure to the benefit of the Company, the Lenders and the Agent and the successors and assigns of the Lenders and the Agent.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="border-top:1pt none #D9D9D9 ;line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:normal;text-transform:none;color:#000000;font-size:11pt;text-decoration:none;border-top:1pt none #D9D9D9;line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;;padding:0pt 22pt 0pt 0pt;"> 4.8</font>
			<font style="display:inline;font-size:11pt;text-decoration:underline;">Loan Document</font><font style="display:inline;font-size:11pt;">.&nbsp;&nbsp;This Amendment is a Loan Document.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:0pt;text-align:center;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-style:italic;font-size:11pt;">[Signatures Immediately Follow]</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			&nbsp;
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p><div style="width:100%">

		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;">

			<tr>

				<td valign="top" style="width:42.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">

					<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 8pt;">

						&nbsp;</p>

				</td>

				<td valign="top" style="width:15.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">

					<p style="margin:0pt;text-align:center;line-height:normal;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">

						<font style="display:inline;font-size:11pt;">2</font></p>

				</td>

				<td valign="top" style="width:42.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">

					<p style="margin:0pt;text-align:right;line-height:normal;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 12pt;">

						&nbsp;</p>

				</td>

			</tr>

		</table></div>

		<p style="margin:0pt;line-height:100%;text-align:left;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 8pt;">

			<font style="display:inline;">732723622.2 16509377</font>

		</p>

</div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;page-break-after:always;"><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 12pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">Delivered as of the day and year first above written.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;"></font><font style="display:inline;font-weight:bold;color:#000000;font-size:11pt;">PENSKE AUTOMOTIVE GROUP, INC.</font><font style="display:inline;color:#000000;font-size:11pt;">, as Company</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">By: &nbsp; &nbsp;</font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;">/s/ Aaron Michael<font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">Name: &nbsp; &nbsp;Aaron Michael<font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">Title: &nbsp; &nbsp;SVP &amp; Treasurer<font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
		</p>
		<p style="margin:0pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;font-size:11pt;">MERCEDES-BENZ FINANCIAL SERVICES USA LLC</font><font style="display:inline;color:#000000;font-size:11pt;">, as Agent and as a Lender</font>
		</p>
		<p style="margin:0pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">By: &nbsp; &nbsp;</font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;">/s/ Michele Nowak<font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">Name:&nbsp;&nbsp;Michele Nowak</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">Title:&nbsp;&nbsp; Credit Director, National Accounts</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-weight:bold;color:#000000;font-size:11pt;">TOYOTA MOTOR CREDIT CORPORATION</font><font style="display:inline;color:#000000;font-size:11pt;">,<br />as a Lender</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">By: &nbsp; &nbsp;</font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;">/s/ Steve Estes<font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;text-decoration:underline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">Name: &nbsp; &nbsp;Steve Estes<font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 216pt;line-height:100%;color:#000000;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">
			<font style="display:inline;color:#000000;font-size:11pt;">Title: &nbsp;National Accounts Manager<font style="display:inline;color:#000000;font-size:11pt;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
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			<font style="display:inline;font-size:11pt;">&nbsp;</font>
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		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;text-align:left;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman,Times,serif;font-size: 11pt;">

			<font style="display:inline;">732723622.2 16509377<font style="display:inline;;font-size: 11pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;font-style:italic;font-size:11pt;">Signature Page to Third Amendment</font>

		</p>

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