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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Total revenues $ 20,443.9 $ 23,179.4 $ 22,785.1
Cost of sales:      
Total cost of sales 17,259.4 19,723.9 19,370.2
Gross profit 3,184.5 3,455.5 3,414.9
Selling, general and administrative expenses 2,364.5 2,693.2 2,646.3
Depreciation 115.5 109.6 103.7
Operating income 704.5 652.7 664.9
Floor plan interest expense (46.3) (84.5) (80.9)
Other interest expense (119.6) (124.2) (114.7)
Equity in earnings of affiliates 169.0 147.5 134.8
Income from continuing operations before income taxes 707.6 591.5 604.1
Income taxes (162.7) (156.7) (134.3)
Income from continuing operations 544.9 434.8 469.8
Income from discontinued operations, net of tax 0.4 0.3 0.5
Net income 545.3 435.1 470.3
Less: Income (loss) attributable to non-controlling interests 1.7 (0.7) (0.7)
Net income attributable to Penske Automotive Group common stockholders $ 543.6 $ 435.8 $ 471.0
Basic earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 6.74 $ 5.28 $ 5.52
Discontinued operations (in dollars per share) 0.00 0.00 0.01
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 6.74 $ 5.28 $ 5.53
Shares used in determining basic earnings per share (in shares) 80,594,856 82,495,045 85,165,367
Diluted earnings per share attributable to Penske Automotive Group common stockholders:      
Continuing operations (in dollars per share) $ 6.74 $ 5.28 $ 5.52
Discontinued operations (in dollars per share) 0.00 0.00 0.01
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 6.74 $ 5.28 $ 5.53
Shares used in determining diluted earnings per share (in shares) 80,594,856 82,495,045 85,165,367
Amounts attributable to Penske Automotive Group common stockholders:      
Income from continuing operations $ 544.9 $ 434.8 $ 469.8
Less: Income (loss) attributable to non-controlling interests 1.7 (0.7) (0.7)
Income from continuing operations, net of tax 543.2 435.5 470.5
Income from discontinued operations, net of tax 0.4 0.3 0.5
Net income attributable to Penske Automotive Group common stockholders $ 543.6 $ 435.8 $ 471.0
Cash dividends per share (in dollars per share) $ 0.84 $ 1.58 $ 1.42
Retail Automotive Dealership      
Revenue:      
Total revenues $ 17,928.8 $ 20,615.8 $ 20,849.2
Cost of sales:      
Total cost of sales 15,147.5 17,576.9 17,790.6
Retail Commercial Truck Dealership      
Revenue:      
Total revenues 2,060.9 2,050.5 1,374.5
Cost of sales:      
Total cost of sales 1,780.0 1,772.7 1,163.0
Commercial Vehicle Distribution and Other      
Revenue:      
Total revenues 454.2 513.1 561.4
Cost of sales:      
Total cost of sales $ 331.9 $ 374.3 $ 416.6