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Press Release

Penske Automotive Group to Host First Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Apr 09, 2008 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its first quarter financial results conference call as follows:
WHEN:  Tuesday, April 29, 2008

TIME:  2:00 p.m. Eastern Time

PHONE: United States, please call (800) 230-1951
       International, please call (612) 332-0530

The call will follow the release that morning of first quarter 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 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 Tuesday, May 6. To listen to the replay, please dial:

United States, please call (800) 475-6701 (access code 919164)

International, please call (320) 365-3844 (access code 919164)

A rebroadcast of the conference call will also be available on www.penskeautomotive.com beginning approximately one hour after completion of the live broadcast through Tuesday, May 13.

SOURCE: Penske Automotive Group, Inc.

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