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Penske Automotive Group PAG Floor plan interest expense
Floor plan interest expense at other companies
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Where this comes from
Reported directly by Penske Automotive Group in its filing.
Tagged under the XBRL concept pag:FloorPlanInterestExpense.
The source filing: Penske Automotive Group’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 4:07 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001628280-26-028868
| Line item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Selling, general, and administrative expenses | 965.6 | 951.4 |
| Depreciation | 44.8 | 40.6 |
| Operating income | 289.0 | 329.4 |
| Floor plan interest expense | (38.1) | (42.0) |
| Other interest expense | (28.4) | (22.5) |
| Gain on sale of dealership | 60.4 | 52.3 |
| Equity in earnings of affiliates | 40.8 | 33.3 |
| Income before income taxes | 323.7 | 350.5 |
Item 1. Financial Statements
FAQ
- What is Penske Automotive Group's floor plan interest expense?
- Penske Automotive Group (PAG) reported floor plan interest expense of $38.1M in Q1 2026.
- How has Penske Automotive Group's floor plan interest expense changed year-over-year?
- Penske Automotive Group's floor plan interest expense decreased by 9.3% year-over-year, from $42M to $38.1M.
- What is the long-term trend for Penske Automotive Group's floor plan interest expense?
- Over 4 years (2021 to 2025), Penske Automotive Group's floor plan interest expense has grown at a 59.9% compound annual growth rate (CAGR), from $26.2M to $171.1M.
- What does floor plan interest expense mean?
- Floor plan interest expense is the cost associated with financing the company's vehicle inventory. Because dealerships carry high-value inventory, they utilize specialized credit facilities to fund these purchases, and the interest on these loans is a significant operating cost. It is highly sensitive to both inventory levels and prevailing interest rates.
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