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Press Release

Penske Automotive Group to Host Second Quarter Earnings Conference Call
BLOOMFIELD HILLS, Mich., Jun 04, 2008 (BUSINESS WIRE) -- Penske Automotive Group, Inc. (NYSE:PAG), an international automotive retailer, will host its second quarter financial results conference call as follows:
WHEN:     Wednesday, July 30, 2008

TIME:     2:00 p.m. Eastern Daylight Time

PHONE:    United States, please call (800) 288-8960
          International, please call (612) 234-9959

The call will follow the release that morning of second 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 Please select "Events & Presentations" under the Investor Relation's menu.

If you are unable to participate, a replay of the conference call will be available until Wednesday, August 6. To listen to the replay, please dial:

United States, please call (800) 475-6701 (access code 929040)

International, please call (320) 365-3844 (access code 929040)

A rebroadcast of the conference call will also be available on beginning approximately one hour after completion of the live broadcast through Wednesday, August 13.

SOURCE: Penske Automotive Group, Inc.

Inquiries should contact:
Penske Automotive Group, Inc.
Bob O'Shaughnessy, Chief Financial Officer
Anthony R. Pordon, Senior Vice President