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Press Release

Penske Automotive Group to Host Third Quarter Earnings Conference Call

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Oct. 16, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its third quarter financial results conference call as follows:

WHEN:       Thursday, October 25, 2007

TIME:       2:30 p.m. Eastern Time

PHONE:      United States, please call (800) 288-8976
            International, please call (612) 332-0718

The call will follow the release that morning of third quarter earnings for Penske Automotive and will be simultaneously broadcast over the Internet. This simultaneous webcast may be accessed through the Investor Relations section on the Penske Automotive website at www.penskeautomotive.com. Please select "Webcasts" under the Investor Relation's menu.

If you are unable to participate, a replay of the conference call will be available until Thursday, November 1. To listen to the replay, please dial:

United States, please call (800) 475-6701 (access code 891511)
International, please call (320) 365-3844 (access code 891511)

A rebroadcast of the conference call will also be available on www.penskeautomotive.com beginning one hour after completion of the live broadcast through Thursday, November 8.

CONTACT: Penske Automotive Group, Inc.
Bob O'Shaughnessy, Chief Financial Officer, 248-648-2800
boshaughnessy@penskeautomotive.com
or
Tony Pordon, Senior Vice President, 248-648-2540
tpordon@penskeautomotive.com
SOURCE: Penske Automotive Group, Inc.