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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenues $ 6,497.3 $ 5,971.6 $ 19,258.6 $ 14,631.8
Cost of sales:        
Total cost of sales 5,331.6 5,015.1 15,997.0 12,345.7
Gross profit 1,165.7 956.5 3,261.6 2,286.1
Selling, general and administrative expenses 757.7 643.3 2,171.8 1,738.7
Depreciation 30.2 29.0 89.7 85.4
Operating income 377.8 284.2 1,000.1 462.0
Floor plan interest expense (6.0) (8.0) (23.4) (37.4)
Other interest expense (16.2) (29.1) (53.8) (89.2)
Debt redemption costs   (1.7) (17.0) (1.7)
Equity in earnings of affiliates 120.5 66.2 281.5 110.6
Income from continuing operations before income taxes 476.1 311.6 1,187.4 444.3
Income taxes (120.1) (64.1) (308.0) (100.7)
Income from continuing operations 356.0 247.5 879.4 343.6
Income from discontinued operations, net of tax 0.3 0.1 0.4 0.3
Net income 356.3 247.6 879.8 343.9
Less: Income attributable to non-controlling interests 1.2 1.0 3.3 0.5
Net income attributable to Penske Automotive Group common stockholders $ 355.1 $ 246.6 $ 876.5 $ 343.4
Basic earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 4.46 $ 3.07 $ 10.91 $ 4.27
Discontinued operations (in dollars per share)      
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 4.47 $ 3.07 $ 10.92 $ 4.27
Shares used in determining basic earnings per share (in shares) 79,497,482 80,340,076 80,272,613 80,368,589
Diluted earnings per share attributable to Penske Automotive Group common stockholders:        
Continuing operations (in dollars per share) $ 4.46 $ 3.07 $ 10.91 $ 4.27
Discontinued operations (in dollars per share)      
Net income attributable to Penske Automotive Group common stockholders (in dollars per share) $ 4.47 $ 3.07 $ 10.92 $ 4.27
Shares used in determining diluted earnings per share (in shares) 79,523,327 80,380,076 80,298,458 80,408,589
Amounts attributable to Penske Automotive Group common stockholders:        
Income from continuing operations $ 356.0 $ 247.5 $ 879.4 $ 343.6
Less: Income attributable to non-controlling interests 1.2 1.0 3.3 0.5
Income from continuing operations, net of tax 354.8 246.5 876.1 343.1
Income from discontinued operations, net of tax 0.3 0.1 0.4 0.3
Net income attributable to Penske Automotive Group common stockholders $ 355.1 246.6 $ 876.5 $ 343.4
Cash dividends per share (in dollars per share) $ 0.45   $ 1.32 $ 0.42
Retail automotive dealership        
Revenue:        
Total revenues $ 5,634.9 5,258.0 $ 17,039.4 $ 12,828.1
Cost of sales:        
Total cost of sales 4,624.0 4,408.3 14,188.2 10,834.0
Retail commercial truck dealership        
Revenue:        
Total revenues 717.3 590.9 1,777.3 1,481.5
Cost of sales:        
Total cost of sales 602.0 517.8 1,479.3 1,279.4
Commercial vehicle distribution        
Revenue:        
Total revenues 145.1 122.7 441.9 322.2
Cost of sales:        
Total cost of sales $ 105.6 $ 89.0 $ 329.5 $ 232.3