Summary of PENSKE AUTOMOTIVE GROUP, INC.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 19, 2012, the Company announced that Sandra E. Pierce has been appointed a member of the Company's Board of Directors, as more fully discussed in the press release incorporated herein and attached hereto as Exhibit 99.1.

Ms. Pierce recently retired as President and CEO, Charter One Bank Michigan, a division of Royal Bank of Scotland, where she was responsible for the bank's commercial banking business and all bank activities in Michigan, a position she held since 2004. Ms. Pierce also served as the Midwest Regional Executive for the bank, overseeing all bank activities in Illinois and Ohio. Prior to these positions, Ms. Pierce held various executive positions with JP Morgan Chase, Bank One, and National Bank of Detroit from 1978 through 2004. Since July 1, 2012, Ms. Pierce has been working under a consulting arrangement with Charter One. Ms. Pierce currently serves as chairman of the board of trustees of Henry Ford Health System, one of the country's largest health care systems and a national leader in clinical care, research and education. She is actively involved in numerous activities to foster economic development in the Detroit area, including Chair of the Financial Advisory Board for the City of Detroit. Ms. Pierce will receive the standard compensation available to our directors as described in our proxy statement filed with the Securities and Exchange Commission on March 19, 2012.