XML 70 R46.htm IDEA: XBRL DOCUMENT
v3.20.4

Organization and Summary of Significant Accounting Policies - Business Overview (Details) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2020 USD ($) item | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($)
Significant Accounting Policies |  |  |
Total revenues | $ | $ 20,443.9 | $ 23,179.4 | $ 22,785.1
Income tax expense benefit recorded due to provisions of CARES Act | $ | $ 11.4 |  |
Number of reportable segments | 4 |  |
PTL |  |  |
Significant Accounting Policies |  |  |
Ownership interest in Penske Truck Leasing Co (as a percent) | 28.90% |  |
German Automotive Dealership Group |  |  |
Significant Accounting Policies |  |  |
Ownership interest (as a percent) | 8.20% |  |
U.S. |  |  |
Significant Accounting Policies |  |  |
Total revenues | $ | $ 12,105.1 | 13,511.8 | 12,607.8
Penske Corporation | PTL |  |  |
Significant Accounting Policies |  |  |
Ownership interest in Penske Truck Leasing Co (as a percent) | 41.10% |  |
Mitsui and Co | PTL |  |  |
Significant Accounting Policies |  |  |
Ownership interest in Penske Truck Leasing Co (as a percent) | 30.00% |  |
Retail Automotive Dealership |  |  |
Significant Accounting Policies |  |  |
Total number of owned and operated franchises | 304 |  |
Number of owned and operated franchises in US | 142 |  |
Number of owned and operated franchises outside US | 162 |  |
Receivables from manufacturers | $ | $ 193.6 | 244.6 |
Number of franchises disposed | 17 |  |
Number of used vehicle supercenters operated in the U.S. and U.K. | 17 |  |
Retail Automotive Dealership | UK |  |  |
Significant Accounting Policies |  |  |
Number of franchises disposed | 13 |  |
Number of used vehicle supercenters opened | 1 |  |
Retail Automotive Dealership | U.S. |  |  |
Significant Accounting Policies |  |  |
Number of franchises disposed | 3 |  |
Retail Automotive Dealership | Germany |  |  |
Significant Accounting Policies |  |  |
Number of franchises disposed | 1 |  |
Retail Automotive Dealership | CarSense |  |  |
Significant Accounting Policies |  |  |
Number of retail locations operated | 6 |  |
Retail Automotive Dealership | CarShop |  |  |
Significant Accounting Policies |  |  |
Number of retail locations operated | 11 |  |
Retail Commercial Truck Dealership | PTG |  |  |
Significant Accounting Policies |  |  |
Number of operating locations | 25 |  |
Audi/Volkswagen/Porsche/Bentley | Automotive dealership revenues |  |  |
Significant Accounting Policies |  |  |
Percentage of total | 22.00% |  |
BMW, MINI | Automotive dealership revenues |  |  |
Significant Accounting Policies |  |  |
Percentage of total | 23.00% |  |
Toyota/Lexus | Automotive dealership revenues |  |  |
Significant Accounting Policies |  |  |
Percentage of total | 14.00% |  |
Retail Automotive Dealership |  |  |
Significant Accounting Policies |  |  |
Total revenues | $ | $ 17,928.8 | 20,615.8 | 20,849.2
Number of reportable segments | 1 |  |
Retail Automotive Dealership | UK |  |  |
Significant Accounting Policies |  |  |
Total revenues | $ | $ 6,344.1 | 7,559.4 | 7,961.4
Retail Automotive Dealership | U.S. |  |  |
Significant Accounting Policies |  |  |
Total revenues | $ | 10,270.3 | 11,697.6 | 11,504.3
Retail Commercial Truck Dealership |  |  |
Significant Accounting Policies |  |  |
Total revenues | $ | 2,060.9 | 2,050.5 | 1,374.5
Commercial Vehicle Distribution and Other |  |  |
Significant Accounting Policies |  |  |
Total revenues | $ | $ 454.2 | $ 513.1 | $ 561.4

X
- Definition Income tax expense benefit recorded due to provisions of CARES Act and U.S and Foreign tax legislation changes. + References No definition available. + Details
Name: | pag_IncomeTaxExpenseBenefitDueToProvisionsOfCaresActAndU.sAndForeignTaxLegislation
Namespace Prefix: | pag_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The percentage of investment ownership. + References No definition available. + Details
Name: | pag_InvestmentOwnershipPercentage
Namespace Prefix: | pag_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents the number of franchises disposed of by the entity during the period. + References No definition available. + Details
Name: | pag_NumberOfFranchisesDisposed
Namespace Prefix: | pag_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the number of operating franchises. + References No definition available. + Details
Name: | pag_NumberOfOperatingFranchises
Namespace Prefix: | pag_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Total number of owned and operated franchises. + References No definition available. + Details
Name: | pag_NumberOfOwnedAndOperatedFranchises
Namespace Prefix: | pag_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of owned and operated franchises in domestic country. + References No definition available. + Details
Name: | pag_NumberOfOwnedAndOperatedFranchisesInDomesticCountry
Namespace Prefix: | pag_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of owned and operated franchises in foreign countries. + References No definition available. + Details
Name: | pag_NumberOfOwnedAndOperatedFranchisesInForeignCountries
Namespace Prefix: | pag_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of retail locations operated. + References No definition available. + Details
Name: | pag_NumberOfRetailLocationsOperated
Namespace Prefix: | pag_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of stand-alone used vehicle supercenters operated in the United States and United Kingdom. + References No definition available. + Details
Name: | pag_NumberOfStandAloneUsedVehicleDealershipsOperatedInUnitedStatesAndUnitedKingdom
Namespace Prefix: | pag_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of used vehicle supercenters opened during the period. + References No definition available. + Details
Name: | pag_NumberOfUsedVehicleSupercentersOpened
Namespace Prefix: | pag_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents the total amount of receivables from manufacturers as of the balance sheet date. + References No definition available. + Details
Name: | pag_ReceivablesFromManufacturer
Namespace Prefix: | pag_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | pag_SummaryOfSignificantAccountingPoliciesLineItems
Namespace Prefix: | pag_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13531-108611 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13537-108611 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592 + Details
Name: | us-gaap_ConcentrationRiskPercentage1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage investment held by members or limited partners of limited liability company (LLC) or limited partnership (LP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 + Details
Name: | us-gaap_LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8672-108599 + Details
Name: | us-gaap_NumberOfReportableSegments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 924 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 11.L) -URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856 + Details
Name: | us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | srt_OwnershipAxis=pag_PenskeTruckLeasingCoLPMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=pag_GermanAutomotiveDealershipJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_US
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=pag_PenskeCorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=pag_MitsuiAndCoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FranchisorDisclosureAxis=pag_RetailAutomotiveDealershipOperationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_GB
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_StatementGeographicalAxis=country_DE
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=pag_CarSenseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=pag_CarShopMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FranchisorDisclosureAxis=pag_RetailCommercialTruckDealershipOperationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=pag_PremierTruckGroupMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FranchisorDisclosureAxis=pag_AudiVolkswagenPorscheBentleyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_RevenueFromContractWithCustomerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FranchisorDisclosureAxis=pag_BmwMiniMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FranchisorDisclosureAxis=pag_ToyotaLexusMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pag_RetailAutomotiveDealershipMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pag_RetailCommercialTruckDealershipMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pag_CommercialVehicleDistributionAndOtherMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |