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Press Release

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

BLOOMFIELD HILLS, Mich., Jan 28, 2009 (BUSINESS WIRE) -- 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 17, 2009
 
TIME: 2:00 p.m. Eastern Standard Time
 
PHONE: United States, please call (800) 230-1096
International, please call (612) 332-0932
 
NOTE: Callers should dial-in 5-10 minutes before the call begins.

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 www.penskeautomotive.com. 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 Tuesday, February 24. To listen to the replay, please dial:

United States, please call (800) 475-6701 (access code 982834)

International, please call (320) 365-3844 (access code 982834)

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, March 3.

SOURCE: Penske Automotive Group, Inc.

Inquiries should contact:
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

Copyright Business Wire 2009