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Exhibit 99.1

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Date:November 2, 2020

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To: Executive Officers and Directors of Penske Automotive Group, Inc

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Re:    Upcoming Blackout Period

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This notice is to inform you that, as directors and executive officers of Penske Automotive Group, Inc. (the “Company” or “we”), you will be prohibited from trading in the Company’s common stock during an upcoming blackout period. This blackout period is required in connection with the transition of the Penske Automotive Group, Inc. 401(k) Savings and Retirement Plan (the “Plan”) to a new recordkeeper, Principal Financial Group. As a result of the transition to a new recordkeeper, Plan participants will be temporarily unable to obtain loans or distributions from the Plan or reallocate their accounts, including with respect to assets invested in the Company’s stock fund. The blackout period is currently expected to begin on December 3, 2020 at 1:00 p.m. Eastern Time and to end during the week of December 7, 2020. The exact date on which the blackout period will end is not known at this time because it will depend on when the process of transferring and verifying data to Principal Financial Group is complete.

The blackout period is required in accordance with the Sarbanes-Oxley Act of 2002 and the SEC’s Regulation BTR, which prohibit an issuer’s directors and executive officers from directly or indirectly purchasing, selling or otherwise acquiring or transferring any equity securities of the issuer, including pursuant to options to acquire shares or other derivative securities, during a blackout period under the issuer’s retirement plans. This trading restriction prohibits directors and executive officers of the Company from trading within the Plan as well as trading outside the Plan. The restriction applies whether or not you are a participant in, or eligible to participate in, the Plan.

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The trading prohibition above does not apply, however, to certain transactions, such as qualified Rule 10b5-1 trading plan transactions and bona fide gifts. Although there are certain limited exempt transactions, the rules are complex, and engaging in a transaction that violates the rules could result in both civil and criminal penalties. Please contact Shane Spradlin at 248-648-2500, before you, any immediate family member living with you or any trust or other entity in which you have an interest engages in any acquisition, sale or other disposition of ordinary shares of the Company during the blackout period or if you believe that a transaction in which you have an interest may occur during the blackout period.

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If you have any questions concerning this notice, please contact Shane Spradlin by mail at 2555 Telegraph Road, Bloomfield Hills, MI 48302, or by phone at (248) 648-2500.  You may obtain, without charge, information as to whether the blackout period has begun or ended by contacting Mr. Spradlin at the address or telephone number listed above.

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