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Press Release

smart USA Announces U.S. Dealer Network
smart fortwo to Debut at Dealerships Beginning This Month

BLOOMFIELD HILLS, Mich., Jan 14, 2008 (BUSINESS WIRE) -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), is pleased to announce its dealership network of 74 smart dealerships across the United States. In the U.S., 68 dealers located in 31 states have been certified by smart USA as ready for business and are expected to begin retailing vehicles in January, subject to licensing and other required approvals. The remaining six dealerships are expected to commence retailing vehicles throughout 2008 upon completion of their facilities and obtaining licensing approval.

"We carefully selected dealers across the country who can best represent the smart brand," said Dave Schembri, president of smart USA. "Each dealer participated in our detailed qualification process, including an assessment of reputation for exceptional customer care. We are very pleased with our dealership network and we welcome our dealers to the smart family."

smart USA dealerships will be branded as "smart center" with the city name (for example - the dealership in Beverly Hills, California will be called - smart center Beverly Hills). The exterior will feature a distinctive black facade with a dramatic entrance featuring the smart logo overhead. Each showroom will showcase multiple vehicles and will sport the brand's signature black, yellow and white logo colors. The ceiling, walls and floor will be brilliant white so the cars are the center of attention on the showroom floor. Other dealership features include open sales consultation stations, a tridion safety cell and a smart boutique where customers may purchase the latest in smart merchandise.

Dealers will sell three trim levels of the smart fortwo. The pure coupe will retail starting at $11,590(a), the passion coupe will retail starting at $13,590(a) and the well-equipped passion cabriolet will retail starting at $16,590(a). Complete information about pricing, standard equipment and options can be found at www.smartusa.com.

Anticipated opening dates for authorized smart USA dealerships are indicated below and are subject to change. An updated list of authorized dealerships can be found on the company's website at www.smartusa.com. Please contact each individual dealership for additional information, including exact opening dates.

(a) Expected prices exclude tax, license, registration, destination charge and options.

Dealer Contact Names and Numbers are for PRESS only - not for public information.

Official smart USA Dealers

State           Dealership Name and City Location Market
----------------------------------------------------------------------
Arizona         smart center Chandler - Approx.   Phoenix
                 opening date mid-January
                7450 West Orchid Lane
                Chandler, AZ 85226
                Tracy Gurnett
                (480) 421-4341

California      smart center Beverly Hills -      Los Angeles
                 Approx. opening date mid-January
                9250 Beverly Blvd.
                Beverly Hills, CA 90210
                Vinnie Mandzak
                (310) 248-4219

                smart center Santa Barbara -      Los Angeles
                 Approx. opening date mid-January
                401 S. Hope Ave
                Santa Barbara, CA 93105
                Duane Sanders
                (805) 563-4206

                smart center Laguna Niguel -      Los Angeles
                 Approx. opening date mid-January
                One Star Drive
                Laguna Niguel, CA 92677
                Mark Derengowski
                (949) 347-7627

                smart center West Covina -        Los Angeles
                 Approx. opening date mid-January
                2010 East Garvey Avenue South
                West Covina, CA 91791
                Verone Pangilinan
                (626) 430-3710

                smart center Riverside - Approx.  Los Angeles
                 opening date mid-January
                8505 Indiana Avenue
                Riverside, CA 92504
                Steve Kienle
                (951) 688-3332

                smart center Universal City -     Los Angeles
                 Approx. opening date mid-January
                4227 Lankershim Boulevard
                North Hollywood, CA 91603
                Ken Crossman
                (818) 762-7875

                smart center Sacramento - Approx. Sacramento
                 opening date mid-January
                2625 Arden Way
                Sacramento, CA 95825
                Richard Niello
                (916) 643-7300

                smart center San Francisco -      San Francisco
                 Approx. opening date mid-January
                500 8th Street
                San Francisco, CA 94103
                Ash Zaki
                (415) 553-4268

                smart center San Jose - Approx.   San Jose
                 opening date mid-January
                3940 Stevens Creek Boulevard
                San Jose, CA 95129
                David Meese
                (408) 247-9034

                smart center San Diego - Approx.  San Diego
                 opening date mid-January
                4750 Kearny Mesa Road
                San Diego, CA 92111
                Paul Ramplin
                (858) 569-6900

Colorado        smart center Denver - Approx.     Denver
                 opening date in February
                2855 S. Broadway
                Englewood, CO 80113
                Trang Hamm
                (503) 372-7539

Connecticut     smart center Hartford - Approx.   Hartford
                 opening date mid-January
                650 Connecticut Blvd.
                East Hartford, CT 06108
                Kevin Warriner
                (860) 290-6134

                smart center Fairfield - Approx.  Fairfield
                 opening date mid-January
                80 Commerce Drive
                Fairfield, CT 06825
                Randall Seymore
                (203) 368-6725

Florida         smart center Jacksonville -       Jacksonville
                 Approx. opening date mid-January
                7018 Blanding Blvd.
                Jacksonville, FL 32244
                Timothy O'Sullivan
                (904) 726-3359

                smart center Sarasota - Approx.   Sarasota/Ft. Myers
                 opening date mid-January
                4821 Clark Road
                Sarasota, FL 34233
                Wade Tucker
                (941) 924-3019

                smart center Weston - Approx.     South Florida
                 opening date mid-January
                3500 Weston Road
                Davie, FL 33331
                Rick Case
                (954) 377-7400

                smart center Palm Beach - Approx. South Florida
                 opening date mid-January
                3974 Okeechobee Blvd.
                West Palm Beach, FL 33409
                Brian Sattar
                (561) 248-1186

                smart center Coral Gables -       South Florida
                 Approx. opening date in February
                272 Valencia Ave.
                Coral Gables, FL 33134
                Denie Freyer
                (305) 445-8593 x477

                smart center Tampa Bay - Approx.  Tampa/Clearwater
                 opening date in
                February
                3800 W Hillsborough Ave.
                Tampa, FL 33614
                Frank Cuteri
                (813) 870-0010

                smart center Clearwater - Approx. Tampa/Clearwater
                 opening date in
                February
                19820 US 19 North
                Clearwater, FL 33764
                Philip Lokey
                (727) 432-1122

                smart center Orlando - Approx.    Orlando
                 opening date mid-January
                8675 Commodity Circle
                Orlando, FL 32819
                Julie Morelli
                (407) 992-3250

Georgia         smart center Buckhead - Approx.   Atlanta
                 opening date February
                2799 Piedmont Road
                Atlanta, GA 30305
                Grene Baranco
                (404) 846-3500

Illinois        smart center Lake Bluff - Approx. Chicago
                 opening date mid-January
                775 Rockland Road
                Lake Bluff, IL 60044
                Barry Taylor
                (847) 283-8256

                smart center Lincolnwood -        Chicago
                 Approx. opening date mid-January
                4255 West Touhy Avenue
                Lincolnwood, IL 60712
                Josh Dreyer
                (847) 933-7823

Indiana         smart center Indianapolis -       Indianapolis
                 Approx. opening date mid-January
                4000 East 96th Street
                Indianapolis, IN 46240
                Linda Pettenaro
                (317) 580-6801

Kansas          smart center Merriam - Approx.    Kansas City
                 opening date mid-January
                9400 West 65th Street
                Merriam, KS 66203
                Marion Battaglia
                (913) 677-3300

Kentucky        smart center Louisville - Approx. Louisville
                 opening date mid-January
                2400 Blankenbaker Parkway
                Louisville, KY 40299
                Dick Swope
                (502) 499-5006

Maryland        smart center Germantown - Approx. Washington, D.C.
                 opening date mid-January
                19750 Germantown Road
                Germantown, MD 20874
                Farokh Bagha
                (301) 601-5573

                smart center Annapolis - Approx.  Baltimore
                 opening date mid-January
                324 Sixth Street
                Annapolis, MD 21403
                Brian Fader
                (443) 875-0444

Massachusetts   smart center Boston - Approx.     Boston
                 opening date mid-January
                259 McGrath Highway
                Somerville, MA 02145
                Jeff Davis
                (617) 666-4100

                smart center Lynnfield - Approx.  Boston
                 opening date mid-January
                385 Broadway
                Lynnfield, MA 01940
                Jeff Davis
                (617) 666-4100

Michigan        smart center Bloomfield - Approx. Detroit
                 opening date mid-January
                1765 S. Telegraph
                Bloomfield Hills, MI 48302
                Joe Ziniti
                (248) 648-2453

Minnesota       smart center Bloomington -        Minneapolis/St. Paul
                 Approx. opening date mid-January
                8033 Knox Avenue
                Bloomington, MN 55431
                Gene Backer
                (952) 837-6363

Missouri        smart center Creve Coeur -        St. Louis
                 Approx. opening date mid-January
                11830 Olive St. Rd.
                Creve Coeur, MO 63141
                Glenn Boland
                (314) 919-8002

Nebraska        smart center La Vista - Approx.   Omaha
                 opening date mid-January
                7010 S. 124th Circle
                LaVista, NE 68128
                Tyrone Williams
                (402) 339-3131

New Jersey      smart center Englewood - Approx.  New York City
                 opening date mid-January
                24 Grand Avenue
                Englewood, NJ 07631
                Joseph Agresta Jr.
                (201) 567-1400

                smart center Edison - Approx.     New York City
                 opening date mid-January
                910 U.S. Route One
                Edison, NJ 08817
                Doug Wells
                (732) 549-6600

                smart center Cherry Hill -        Philadelphia
                 Approx. opening date mid-January
                2151 Rte 70 West
                Cherry Hill, NJ 08002
                Mike Hartung
                (856) 663-3200

New Mexico      smart center Albuquerque -        Albuquerque
                 Approx. opening date mid-January
                1220 Renaissance NE
                Albuquerque, NM 87107
                Carlos Garcia
                (505) 999-2500

New York        smart center Latham - Approx.     Albany/Schenectady
                 opening date mid-January
                1111 Troy-Schenectady Road
                Latham, NY 12110
                Maria Dunning
                (518) 724-1015 x124

                smart center Buffalo - Approx.    Buffalo
                 opening date mid-January
                8185 Main Street
                Williamsville, NY 14221
                Brooke Arber
                (716) 633-0088

                smart center Manhattan - Approx.  New York City
                 opening date mid-January
                536 W. 41 Street
                New York, NY 10036
                Blair Creed
                (212) 629-1610

                smart center Roslyn - Approx.     New York City
                 opening date mid-January
                1600 Northern Blvd.
                Roslyn, NY 11576
                Joe Stanco
                (516) 625-1600

                smart center White Plains -       New York City
                 Approx. opening date mid-January
                460 Tarrytown Road
                White Plains, NY 10607
                Jack Calamusa
                (917) 817-7944

                smart center Smithtown - Approx.  New York City
                 opening date mid-January
                463 Middle Country Rd.
                St. James, NY 11780
                Nancy Buzzetta
                (631) 265-2204

North Carolina  smart center South Charlotte -    Charlotte
                 Approx. opening date mid-January
                950 N. Polk Street
                Pineville, NC 28134
                Karen McKemie
                (704) 889-4455

                smart center Cary - Approx.       Raleigh
                 opening date mid-January
                2400 Auto Park Blvd.
                Cary, NC 27511
                Keith Elks
                (919) 876-5432

                smart center Winston-Salem -      Winston-Salem
                 Approx. opening date mid-January
                691 Jonestown Road
                Winston-Salem, NC 27103
                Tim Cooper
                (336) 760-4580

Ohio            smart center Bedford - Approx.    Cleveland
                 opening date mid-January
                99 Broadway
                Bedford, OH 44146
                Jed Hunter
                (440) 359-1560

                smart center Easton - Approx.     Columbus
                 opening date February
                4300 Morse Crossing
                Columbus, OH 43219
                Brian Kramer
                (614) 291-2007

Oklahoma        smart center Tulsa - Approx.      Tulsa
                 opening date mid-January
                9393 S. Memorial
                Tulsa, OK 74133
                Greg Kach
                (918) 249-9393

Oregon          smart center Portland - Approx.   Portland
                 opening date mid-January
                9215 SW Canyon Road
                Portland, OR 97225
                Trang Hamm
                (503) 372-7539

Pennsylvania    smart center Devon - Approx.      Philadelphia
                 opening date mid-January
                215 West Lancaster Avenue
                Devon, PA 19333
                Tom Lathbury
                (610) 848-7627

                smart center Pittsburgh - Approx. Pittsburgh
                 opening date mid-January
                4709 Baum Blvd.
                Pittsburgh, PA 15213
                Gregg Szabatura
                (412) 683-5000

Rhode Island    smart center Warwick - Approx.    Providence
                 opening date mid-January
                1557 Bald Hill Road - 2nd Floor
                Warwick, RI 02886
                Marcel Valois
                (401) 824-2252

Tennessee       smart center Knoxville - Approx.  Knoxville
                 opening date mid-January
                10131 Parkside Drive
                Knoxville, TN 37922
                Bill Priddy
                (865) 777-2222

Texas           smart center Dallas - Approx.     Dallas
                 opening date mid-January
                6113 Lemmon Avenue
                Dallas, TX 75209
                Ken Schnitzer
                (214) 443-8211

                smart center San Antonio -        San Antonio
                 Approx. opening date mid-January
                10739 I-H 10 West
                San Antonio, TX 78230
                April Ancira
                (210) 558-1500

                smart center Sugar Land - Approx. Houston
                 opening date mid-January
                15625 SW Freeway
                Sugar Land, TX 77478
                James Sparks
                (281) 207-1550

                smart center Houston North -      Houston
                 Approx. opening date mid-January
                17510 I-45 North
                Houston, TX 77090
                Daniel Agnew
                (972) 628-4652

                smart center Round Rock - Approx. Austin
                 opening date mid-January
                2132 North Mays - Suite 930
                Round Rock, TX 78664
                Cathy Cour
                (512) 493-9122

Utah            smart center Lindon - Approx.     Salt Lake City
                 opening date in February
                530 S. Lindon Park Drive
                Lindon, UT 84042
                Curtis Sampson
                (801) 222-4400

Virginia        smart center Tysons Corner -      Washington D.C.
                 Approx. opening date mid-January
                8601 Westwood Center Dr.
                Vienna, VA 22182
                Bob Farrell
                (703) 564-6400
                Dealership Name and City Location

                smart center Alexandria - Approx. Washington D.C.
                 opening date mid-January
                1605 Fern Street
                Alexandria, VA 22302
                Michael Lindsay
                (703) 647-1276

                smart center Virginia Beach -     Washington D.C.
                 Approx. opening date in February
                5193 Virginia Beach Boulevard
                Virginia Beach, VA 23462
                Stephen Snyder
                (757) 490-1111 x2080

Washington      smart center Seattle - Approx.    Seattle
                 opening date mid-January
                311 Baker Boulevard
                Seattle, WA 98188
                Ethan Smith
                (206) 243-1455

Wisconsin       smart center Milwaukee - Approx.  Milwaukee
                 opening date mid-January
                11340 West Metro Blvd.
                Neenah, WI 53224
                John Hogerty
                (920) 725-4444
----------------------------------------------------------------------

Expected smart center Locations

State           Serving the Market of...  Projected Opening
----------------------------------------------------------------------
Alabama         Birmingham                Second Quarter 2008

California      Torrance                  Second Quarter 2008
                San Rafael                Fourth Quarter 2008

Mississippi     Jackson                   Second Quarter 2008

Nevada          Las Vegas                 Third Quarter 2008

South Carolina  Charleston                Second Quarter 2008
----------------------------------------------------------------------

ABOUT the smart fortwo and smart USA

The smart fortwo is manufactured by the Mercedes-Benz Cars and is a Daimler brand. This technologically advanced vehicle achieves 40-plus mpg on the highway and is an ultra-low emissions vehicle. The vehicle is 8.8 feet long, 5.1 feet tall and 5.1 feet wide and comes equipped with many functional and safety features found in most luxury models. smart is currently sold in 36 countries, and more than 850,000 smart fortwos have been sold since 1998.

The smart fortwo is available in three trim levels. The entry-level pure will start at $11,590(b), manufacturer's suggested retail price (MSRP), with standard convenience features such as a 5-speed automated manual transmission with manual or automatic mode, central remote locking system, 2-spoke leather steering wheel, and a radio-ready console. The well-equipped passion coupe, expected to start at $13,590(b) MSRP, includes all the standard features described on the pure, plus a panorama roof, alloy wheels, air conditioning with climate control, 3-spoke leather sports steering wheel with shift paddles, power windows, electric and heated side mirrors, and an AM/FM radio with CD player, all standard. Those seeking top-down excitement can choose the passion cabriolet, planned to start at $16,590(b) MSRP, with a standard upgraded radio and sound system that includes an mp3 compatible in-dash 6 CD changer.

Each vehicle features the two-color concept characteristic of the smart brand. All models come standard with a black tridion safety cell that can be upgraded to metallic silver at an additional cost. The changeable body panels are available in six colors - deep black, light yellow and crystal white are standard, while blue metallic, red metallic and silver metallic are offered for an additional charge.

smart USA Distributor LLC, headquartered in Bloomfield Hills, Michigan, is the exclusive distributor of the smart fortwo in the United States and Puerto Rico and is a wholly-owned subsidiary of Penske Automotive Group, Inc.

(b) Expected prices exclude tax, license, registration, destination charge and options.

ABOUT PENSKE AUTOMOTIVE GROUP

Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 314 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 170 franchises in 18 states and Puerto Rico and 144 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.

Statements in this press release may involve forward-looking statements. Actual results may vary materially because of risks and uncertainties, including production delays, licensing delays, delays in developing a dealership network and external factors such as interest rate fluctuations, changes in consumer spending and other factors over which management has no control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group's business, markets, conditions and other uncertainties that could affect Penske Automotive Group's future performance, which are contained in Penske Automotive Group's Form 10-K for the year ended December 31, 2006, and its other filings with the Securities and Exchange Commission, and which are incorporated into this press release by reference.

For additional information, visit www.smartusa.com or www.penskeautomotive.com

SOURCE: smart USA

smart USA Ken Kettenbeil, 248-648-2582
Director, Communications
kkettenbeil@smartusa.com