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Penske Automotive Announces Quarterly Dividend

July 18, 2007

Bloomfield Hills, Mich.— Penske Automotive Group Inc., an international automotive retailer, announced that its board of directors has approved a quarterly dividend of $0.07 per share payable on September 4, 2007, to shareholders of record on August 10, 2007.

Penske Automotive Group Inc., headquartered in Bloomfield Hills, Michigan, operates 311 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 164 franchises in 19 states and Puerto Rico and 147 franchises located outside the United States, primarily in the United Kingdom.

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