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Press Release

Penske Automotive Group to Host Fourth Quarter and Full-Year Earnings Conference Call

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Feb. 6, 2008--Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its fourth quarter and full-year financial results conference call as follows:

WHEN:           Tuesday, February 19, 2008

TIME:           2:00 p.m. Eastern Time

PHONE:          United States, please call (866) 254-5942
                International, please call (612) 332-0636

The call will follow the release that morning of fourth quarter and full-year earnings for Penske Automotive Group and will be simultaneously broadcast over the Internet. This simultaneous webcast may be accessed through the Investor Relations section on the Penske Automotive Group website at 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 Tuesday, February 26. To listen to the replay, please dial:

    United States, please call (800) 475-6701 (access code 910423)

    International, please call (320) 365-3844 (access code 910423)

A rebroadcast of the conference call will also be available on beginning one hour after completion of the live broadcast through Tuesday, March 4.

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