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Press Release

Penske Automotive Group to Participate in Stephens Fall Investment Conference

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Nov. 12, 2007--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, announced today that Senior Management will present at the Stephens Fall Investment Conference in New York, NY. The presentation is scheduled to occur from 10:10 a.m. to 10:40 a.m. Eastern Time on November 15, 2007.

Penske Automotive will simultaneously broadcast the audio portion of this presentation over the Internet. The webcast may be accessed through a link on the Penske Automotive Group website at www.penskeautomotive.com.

About Penske Automotive

Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 307 retail automotive franchises, representing 40 different brands, and 26 collision repair centers. Penske Automotive, which sells new and previously owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents, has 162 franchises in 19 states and Puerto Rico and 145 franchises located outside the United States, primarily in the United Kingdom. Penske Automotive is a member of the Fortune 500 and Russell 1000 and has 16,000 employees.

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.