Item 7.01 Regulation FD Disclosure.

Penske Automotive Group reports the agreement to repurchase approximately $69 million principal amount of its outstanding 3.5% senior subordinated convertible notes for $52 million in cash. After these purchases, the Company has an additional $44 million remaining under its securities repurchase authority, pursuant to which the Company may, from time to time, purchase its outstanding common stock, debt and convertible debt. After these purchases, the Company will have outstanding approximately $306 million principal amount of its 3.5% senior subordinated convertible notes due 2026 (with an investor put option in April 2011).

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