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                                                                    EXHIBIT 10.9

                              AMENDED AND RESTATED
                          PENSKE AUTOMOTIVE GROUP, INC.
                          2002 EQUITY COMPENSATION PLAN

1.   DEFINITIONS: As used herein, the following definitions shall apply:

     (a)  "Award" shall mean any stock option, stock appreciation right,
          restricted stock, restricted stock unit, performance share award or
          other stock-based award granted under the Plan.

     (b)  "Code" shall mean the Internal Revenue Code of 1986, as amended.

     (c)  "Committee" shall mean a committee consisting of two or more members
          of the Board of Directors of the Corporation, each of whom shall be an
          "outside director" as defined under Section 162(m) of the Code, and
          the Treasury Regulations thereunder, as appointed by the Board of
          Directors of the Corporation to administer the Plan. The Committee
          shall initially consist of the Corporation's Compensation and
          Management Development Committee.

     (d)  "Corporation" shall mean Penske Automotive Group, Inc., a Delaware
          corporation, or any successor thereof.

     (e)  "Discretion" shall mean in the sole discretion of the Committee, with
          no requirement whatsoever that the Committee follow past practices,
          act in a manner consistent with past practices, or treat a Participant
          (as hereinafter defined) in a manner consistent with the treatment
          afforded other Participants with respect to the Plan.

     (f)  "Incentive Option" shall mean an option to purchase Common Stock of
          the Corporation which meets the requirements set forth in the Plan and
          also meets the definition of an incentive stock option set forth in
          Section 422 of the Code.

     (g)  "Nonqualified Option" shall mean an option to purchase Common Stock of
          the Corporation which meets the requirements set forth in the Plan but
          does not meet the definition of an incentive stock option set forth in
          Section 422 of the Code.

     (h)  "Other stock-based award" shall mean any right granted under Paragraph
          20 of the Plan.

     (i)  "Participant" shall mean any individual designated by the Committee
          under Paragraph 6 for participation in the Plan who is (i) a key
          employee (including an officer or director who is also a key employee)
          of the Corporation or any Subsidiary, (ii) a director who is not an
          employee of the Corporation or any Subsidiary (hereinafter sometimes
          referred to as an "outside director"), and (iii) a consultant or
          advisor of the Corporation or any Subsidiary.

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     (j)  "Performance share" shall mean a grant of Common Stock of the
          Corporation upon the attainment of one or more performance goals
          during a performance period established by the Committee, as provided
          in Paragraph 19.

     (k)  "Plan" shall mean this Amended and Restated Penske Automotive Group,
          Inc. 2002 Equity Compensation Plan which is a continuation of, but
          which amends and restates, the Penske Automotive Group, Inc. 2002
          Equity Compensation Plan (the "Predecessor Plan").

     (l)  "Restricted stock" shall mean a grant of Common Stock of the
          Corporation which is subject to restrictions against transfer,
          forfeiture and such other terms and conditions determined by the
          Committee, as provided in Paragraph 18.

     (m)  "Restricted stock unit" shall mean a grant of a right to obtain the
          value of a share of Common Stock of the Corporation which is subject
          to restrictions against transfer, forfeiture and such other terms and
          conditions determined by the Committee, as provided in Paragraph 18.

     (n)  "Stock appreciation right" shall mean a right to receive the
          appreciation in value, or a portion of the appreciation in value, of a
          specified number of shares of the Common Stock of the Corporation, as
          provided in Paragraph 12.

     (o)  "Subsidiary" shall mean any corporation, limited liability company,
          partnership or any other entity in which the Corporation owns,
          directly or indirectly, stock or other ownership interest therein,
          possessing more than twenty-five percent (25%) of the combined voting
          power of all classes of stock or other ownership interest.

2.   PURPOSE OF PLAN: The purpose of the Plan is to provide key employees
     (including officers and directors who are also key employees), outside
     directors, consultants and advisors of the Corporation and its Subsidiaries
     with incentives to make significant and extraordinary contributions to the
     long-term performance and growth of the Corporation and its Subsidiaries,
     to join the interests of key employees, outside directors, consultants and
     advisors with the interests of the shareholders of the Corporation, and to
     facilitate attracting and retaining key employees, outside directors,
     consultants and advisors with exceptional abilities.

3.   ADMINISTRATION: The Plan shall be administered by the Committee. Subject to
     the provisions of the Plan, the Committee shall determine, from those
     eligible to be Participants under the Plan, the persons to be granted
     Awards, the type of Awards and the amount of stock or rights covered by
     Awards to be granted to each such person, and the terms and conditions of
     any Awards. Subject to the provisions of the Plan, the Committee is
     authorized to interpret the Plan, to promulgate, amend and rescind rules
     and regulations relating to the Plan and to make all other determinations
     necessary or advisable for its administration. Interpretation and
     construction of any provision of the Plan by the Committee shall, unless
     otherwise determined by the Board of Directors of the Corporation, be final
     and conclusive. A majority of the Committee shall constitute a quorum, and
     the acts approved by a majority of the members present at any meeting at

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     which a quorum is present, or acts approved in writing by a majority of the
     Committee, shall be the acts of the Committee.

4.   INDEMNIFICATION OF COMMITTEE MEMBERS: In addition to such other rights of
     indemnification as they may have, the members of the Committee shall be
     indemnified by the Corporation against the reasonable expenses, including
     attorneys' fees, actually and necessarily incurred in connection with the
     defense of any action, suit or proceeding, or in connection with any appeal
     therein, to which they or any of them may be a party by reason of any
     action taken or failure to act under or in connection with the Plan or any
     Award granted hereunder, and against all amounts paid by them in settlement
     thereof (provided such settlement is approved by the Board of Directors of
     the Corporation) or paid by them in satisfaction of a judgment in any such
     action, suit or proceeding, except in relation to matters as to which it
     shall be determined in such action, suit or proceeding that such Committee
     member has acted in bad faith; provided, however, that within sixty (60)
     days after receipt of notice of institution of any such action, suit or
     proceeding, a Committee member shall offer the Corporation in writing the
     opportunity, at its own cost, to handle and defend the same.

5.   MAXIMUM NUMBER OF SHARES SUBJECT TO PLAN: The maximum number of shares of
     stock which may be issued pursuant to Awards granted under the Plan or with
     respect to which Awards may be granted under the Plan shall not exceed in
     the aggregate 4,200,000 shares of Common Stock of the Corporation, which
     amount gives effect to the Company's June 1, 2006 two-for-one stock split
     (subject to further adjustments as provided in this Paragraph 5). Any
     shares that are delivered by the Corporation, and any awards or grants that
     are made by, or become obligations of, the Corporation through the
     assumption by the Corporation or a Subsidiary of, or in substitution for,
     outstanding awards or grants previously made by an acquired company, shall
     not be counted against the number of shares available under the Plan.
     Consistent with the purpose of the Plan and with a view to avoiding over or
     under counting, the Committee shall, in its Discretion, determine the
     number of shares to charge against the shares remaining available under the
     Plan as a result of the grant or settlement of Awards made under the Plan.
     If any shares covered by an Award or to which an Award relates are
     forfeited, or if an Award otherwise terminates without the delivery of
     shares or of other consideration, then the shares covered by such Award, or
     to which such Award relates, or the number of shares otherwise counted
     against the aggregate number of shares available under the Plan with
     respect to such Award, to the extent of any such forfeiture or termination,
     shall again be, or shall become, available for granting Awards under the
     Plan.

     The maximum number of shares with respect to which Awards may be granted to
     any Participant during the term of the Plan shall not exceed 1,000,000
     shares of Common Stock of the Corporation, which amount gives effect to the
     Company's June 1, 2006 two-for-one stock split (subject to further
     adjustments as provided in this Paragraph 5). All shares with respect to
     which an Award is granted shall be counted for purposes of this per-person
     share limitation, regardless of whether the Participant did not realize the
     benefit of the Award as a result of forfeiture, cancellation, expiration,
     termination or other event.

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     The number of shares with respect to each outstanding Award, the option
     price with respect to outstanding stock options, the grant value with
     respect to outstanding stock appreciation rights, the aggregate number of
     shares available at any time under the Plan, and the maximum number of
     shares with respect to which Awards may be made to an individual
     Participant during the term of the Plan shall be subject to such adjustment
     as the Committee, in its Discretion, deems appropriate to reflect such
     events as stock dividends, stock splits, recapitalizations, mergers,
     consolidations or reorganizations of or by the Corporation; provided,
     however, that no fractional shares shall be issued pursuant to the Plan, no
     Awards may be granted under the Plan with respect to fractional shares, and
     any fractional shares resulting from such adjustments shall be eliminated
     from any outstanding Award.

6.   PARTICIPANTS: The Committee shall determine and designate from time to
     time, in its Discretion, those key employees (including officers and
     directors who are also key employees), outside directors, consultants or
     advisors of the Corporation or any Subsidiary to receive Awards who, in the
     judgment of the Committee, are or will become responsible for the direction
     and financial success of the Corporation or any Subsidiary.

7.   WRITTEN AGREEMENT: Each Award granted under the Plan may be evidenced by a
     written agreement between the Corporation and the Participant which shall
     contain such provisions as may be approved by the Committee. Such
     agreements shall constitute binding contracts between the Corporation and
     the Participant, and every Participant, upon acceptance of such agreement,
     shall be bound by the terms and restrictions of the Plan and of such
     agreement. The terms of each such agreement shall be in accordance with the
     Plan, but the agreements may include such additional provisions and
     restrictions determined by the Committee, provided that such additional
     provisions and restrictions do not violate the terms of the Plan.

8.   ALLOTMENT OF SHARES: The Committee shall determine and fix, in its
     Discretion, the number of shares with respect to which each Participant may
     be granted Awards; provided, however, that no Incentive Option may be
     granted under the Plan to any one Participant which would result in the
     aggregate fair market value, determined as of the date the option is
     granted, of underlying stock with respect to which Incentive Options are
     exercisable for the first time by such Participant during any calendar year
     under any plan maintained by the Corporation (or any parent or Subsidiary
     of the Corporation) exceeding $100,000.

9.   STOCK OPTIONS: Subject to the terms of the Plan, the Committee, in its
     Discretion, may grant to Participants either Incentive Options,
     Nonqualified Options or any combination thereof; provided, however, that an
     Incentive Option may only be granted to an employee of the Corporation or a
     Subsidiary, and in the case of a Subsidiary only if (i) the Subsidiary is
     treated as a disregarded entity owned by the Corporation, or (ii) the
     Subsidiary is a corporation (or is treated as a disregarded entity owned by
     a corporation) fifty percent or more of the combined voting power of all
     classes of stock of which is owned, directly or indirectly, by the
     Corporation. Each option granted under the Plan shall designate the number
     of shares covered thereby, if any, with respect to which the

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     option is an Incentive Option, and the number of shares covered thereby, if
     any, with respect to which the option is a Nonqualified Option.

10.  STOCK OPTION PRICE: Subject to the rules set forth in this Paragraph 10, at
     the time any stock option is granted, the Committee, in its Discretion,
     shall establish the price per share for which the shares covered by the
     option may be purchased. With respect to an Incentive Option, such option
     price shall not be less than 100% of the fair market value of the stock on
     the date on which such option is granted; provided, however, that with
     respect to an Incentive Option granted to a Participant who at the time of
     the grant owns (after applying the attribution rules of Section 424(d) of
     the Code) more than 10% of the total combined voting stock of the
     Corporation or of any parent or Subsidiary, the option price shall not be
     less than 110% of the fair market value of the stock on the date such
     option is granted. With respect to a Nonqualified Option, the option price
     shall not be less than 100% of the fair market value of the stock on the
     date such option is granted. Fair market value of a share shall be
     determined by the Committee. The option price shall be subject to
     adjustment in accordance with the provisions of Paragraph 5 of the Plan.

11.  PAYMENT OF STOCK OPTION PRICE: At the time of the exercise in whole or in
     part of any stock option granted hereunder, payment of the option price in
     full in cash or, with the consent of the Committee, in Common Stock of the
     Corporation shall be made by the Participant for all shares so purchased.
     In the Discretion of, and subject to such conditions as may be established
     by, the Committee, payment of the option price may also be made by the
     Corporation retaining from the shares to be delivered upon exercise of the
     stock option that number of shares having a fair market value on the date
     of exercise equal to the option price of the number of shares with respect
     to which the Participant exercises the option. In the Discretion of the
     Committee, a Participant may exercise an option, if then exercisable, in
     whole or in part, by delivery to the Corporation of written notice of the
     exercise in such form as the Committee may prescribe, accompanied by
     irrevocable instructions to a stock broker to promptly deliver to the
     Corporation full payment for the shares with respect to which the option is
     exercised from the proceeds of the stock broker's sale of or loan against
     some or all of the shares (a "Regulation T Stock Option Exercise"). In the
     event the Corporation then has in effect a stock repurchase program, in its
     Discretion and subject to such terms and conditions as it may impose, the
     Committee may permit a Participant to exercise an option and pay the option
     price by delivering to the Corporation a written notice of exercise which
     includes a request that the Corporation repurchase (and retain the
     repurchase price of) that number of the option shares having a fair market
     value on the date of exercise equal to the option price of the number of
     shares with respect to which the Participant exercises the option. Such
     payment may also be made in such other manner as the Committee determines
     is appropriate, in its Discretion. No Participant shall have any of the
     rights of a shareholder of the Corporation under any stock option until the
     actual issuance of shares to said Participant, and prior to such issuance
     no adjustment shall be made for dividends, distributions or other rights in
     respect of such shares, except as provided in Paragraph 5.

12.  STOCK APPRECIATION RIGHTS: Subject to the terms of the Plan, the Committee
     may grant stock appreciation rights to Participants either in conjunction
     with, or

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     independently of, any stock options granted under the Plan. A stock
     appreciation right granted in conjunction with a stock option may be an
     alternative right wherein the exercise of the stock option terminates the
     stock appreciation right to the extent of the number of shares purchased
     upon exercise of the stock option and, correspondingly, the exercise of the
     stock appreciation right terminates the stock option to the extent of the
     number of shares with respect to which the stock appreciation right is
     exercised. Alternatively, a stock appreciation right granted in conjunction
     with a stock option may be an additional right wherein both the stock
     appreciation right and the stock option may be exercised. A stock
     appreciation right may not be granted in conjunction with an Incentive
     Option under circumstances in which the exercise of the stock appreciation
     right affects the right to exercise the Incentive Option or vice versa,
     unless the stock appreciation right, by its terms, meets all of the
     following requirements:

     (a)  the stock appreciation right will expire no later than the Incentive
          Option;

     (b)  the stock appreciation right may be for no more than the difference
          between the option price of the Incentive Option and the fair market
          value of the shares subject to the Incentive Option at the time the
          stock appreciation right is exercised;

     (c)  the stock appreciation right is transferable only when the Incentive
          Option is transferable, and under the same conditions;

     (d)  the stock appreciation right may be exercised only when the Incentive
          Option is eligible to be exercised; and

     (e)  the stock appreciation right may be exercised only when the fair
          market value of the shares subject to the Incentive Option exceeds the
          option price of the Incentive Option.

     Upon exercise of a stock appreciation right, a Participant shall be
     entitled to receive, without payment to the Corporation (except for
     applicable withholding taxes), an amount equal to the excess of or, in the
     Discretion of the Committee, a portion of the excess of (i) the then
     aggregate fair market value of the number of shares with respect to which
     the Participant exercises the stock appreciation right, over (ii) the
     aggregate fair market value of such number of shares at the time the stock
     appreciation right was granted. This amount shall be payable by the
     Corporation, in the Discretion of the Committee, in cash, in shares of
     Common Stock of the Corporation, in other property or any combination
     thereof.

13.  GRANTING AND EXERCISE OF STOCK OPTIONS AND STOCK APPRECIATION RIGHTS:
     Subject to the provisions of this Paragraph 13, each stock option and stock
     appreciation right granted hereunder shall be exercisable at any such time
     or times or in any such installments as may be determined by the Committee
     at the time of the grant; provided, however, that the aggregate fair market
     value (determined at the time the option is granted) of the stock with
     respect to which Incentive Options are exercisable for the first time by a
     Participant during any calendar year shall not exceed $100,000. A
     Participant may exercise a stock option or stock appreciation right, if
     then

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     exercisable, in whole or in part, by delivery to the Corporation of written
     notice of the exercise, in such form as the Committee may prescribe,
     accompanied, in the case of a stock option, by payment for the shares with
     respect to which the stock option is exercised as provided in Paragraph 11
     (unless the Committee, in its Discretion, permits a cashless form of option
     exercise permitted by Paragraph 11). Except as provided in Paragraph 17,
     stock options and stock appreciation rights may be exercised only while the
     Participant is an employee, outside director, consultant or advisor, as the
     case may be, of the Corporation or a Subsidiary. Successive stock options
     and stock appreciation rights may be granted to the same Participant,
     whether or not the stock option(s) and stock appreciation right(s)
     previously granted to such Participant remain unexercised. A Participant
     may exercise a stock option or stock appreciation right, if then
     exercisable, notwithstanding that stock options and stock appreciation
     rights previously granted to such Participant remain unexercised.

14.  NON-TRANSFERABILITY OF STOCK OPTIONS AND STOCK APPRECIATION RIGHTS: No
     stock option or stock appreciation right granted under the Plan to a
     Participant shall be transferable by such Participant otherwise than by
     will, or by the laws of descent and distribution, and stock options and
     stock appreciation rights shall be exercisable, during the lifetime of the
     Participant, only by the Participant. Notwithstanding the foregoing, in its
     Discretion and subject to such terms and conditions as it may prescribe,
     the Committee may permit a Participant to transfer a Nonqualified Option or
     a related or independently granted stock appreciation right.

15.  TERM OF STOCK OPTIONS AND STOCK APPRECIATION RIGHTS: If not sooner
     terminated, each stock option and stock appreciation right granted
     hereunder shall expire not more than ten (10) years from the date of the
     granting thereof; provided, however, that with respect to an Incentive
     Option granted to a Participant who, at the time of the grant, owns (after
     applying the attribution rules of Section 424(d) of the Code) more than 10%
     of the total combined voting stock of all classes of stock of the
     Corporation or any parent or Subsidiary, such option shall expire not more
     than five (5) years after the date of granting thereof.

16.  CONTINUATION OF EMPLOYMENT: The Committee may require, in its Discretion,
     that any Participant under the Plan to whom a stock option or a stock
     appreciation right shall be granted shall agree in writing as a condition
     of the granting of such stock option or stock appreciation right to remain
     an employee, consultant, advisor or outside director of the Corporation or
     a Subsidiary, as the case may be, for a designated minimum period from the
     date of the granting of such stock option or stock appreciation right as
     shall be fixed by the Committee, and the Committee may further require, in
     its Discretion, that any Participant agree in writing to comply with any
     confidentiality, non-solicitation, non-competition and non-disparagement
     provisions and covenants that the Committee may require as a condition
     precedent to the exercise of a stock option or a stock appreciation right.

17.  TERMINATION OF EMPLOYMENT: If the employment of an employee Participant
     terminates, if the consultancy or advisorship of a consultant or advisor
     Participant terminates, or if an outside director Participant ceases to be
     a director (hereinafter

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     collectively referred to as a "termination of employment"), the Committee
     may, in its Discretion, permit the exercise of stock options and stock
     appreciation rights granted to such Participant (a) for a period not to
     exceed three months following such termination of employment (or one year
     following termination of employment on account of the Participant's death
     or permanent disability) with respect to Incentive Options or related stock
     appreciation rights, and (b) for a period not to extend beyond the
     expiration date with respect to Nonqualified Options or related or
     independently granted stock appreciation rights. In no event, however,
     shall a stock option or a stock appreciation right be exercisable
     subsequent to its expiration date. A stock option or stock appreciation
     right may only be exercised after a Participant's termination of employment
     to the extent exercisable on the date of termination of employment;
     provided, however, that if the termination of employment is due to the
     Participant's death, permanent disability or retirement at a retirement age
     permitted under the Corporation's or Subsidiary's retirement plan or
     policies, or if the termination of employment results from action by the
     Corporation or a Subsidiary without cause or from an agreement between the
     Corporation or a Subsidiary and the Participant (hereinafter collectively
     referred to as a "qualifying termination of employment"), the Committee, in
     its Discretion, may permit all or part of the stock options and stock
     appreciation rights granted to such Participant to thereupon become
     exercisable in full or in part. For purposes of this Paragraph 17 and any
     other provision of the Plan where the term is used, the Committee's
     definition of "cause" shall be final and conclusive.

18.  RESTRICTED STOCK OR RESTRICTED STOCK UNITS: Subject to the terms of the
     Plan, the Committee may award Participants shares of restricted stock
     and/or the Committee may grant Participants restricted units with respect
     to a specified number of shares of stock. All shares of restricted stock
     and all restricted stock units granted to Participants under the Plan shall
     be subject to the following terms and conditions (and to such other terms
     and conditions prescribed by the Committee):

     (a)  At the time of each award of restricted shares or restricted stock
          units, there shall be established for the shares or units a restricted
          period, which period may differ among Participants and may have
          different expiration dates with respect to portions of shares or units
          covered by the same award.

     (b)  Shares of restricted stock or restricted stock units awarded to
          Participants may not be sold, assigned, transferred, pledged,
          hypothecated or otherwise encumbered during the restricted period
          applicable to such shares or units. Except for such restrictions on
          transfer, a Participant may be provided all of the rights of a
          shareholder in respect of restricted shares including, but not limited
          to, the right to receive dividends on, and the right to vote, the
          shares. A Participant shall have no ownership interest in shares of
          stock with respect to which restricted stock units are granted;
          provided, however, that the Committee may, in its Discretion, permit
          payment to such Participant of dividend equivalents on such units
          equal to the amount of dividends, if any, which are paid on that
          number of shares with respect to which the restricted stock units are
          granted.

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     (c)  If there is a termination of employment of a Participant, all shares
          or units theretofore awarded to the Participant which are still
          subject to the restrictions imposed by Paragraph 18(b) shall upon such
          termination of employment be forfeited and transferred back to the
          Corporation, without payment of any consideration by the Corporation;
          provided, however, that in the event of a qualifying termination of
          employment, the Committee may, in its Discretion, release some or all
          of the shares or units from the restrictions.

     (d)  Shares of restricted stock granted under the Plan may be evidenced in
          such manner as the Committee may deem appropriate, including, without
          limitation, book-entry registration or issuance of stock certificates.
          If stock certificates are issued in respect of shares of restricted
          stock, such certificates shall be registered in the name of the
          Participant, deposited with the Corporation or its designee, together
          with a stock power endorsed in blank, and, in the Discretion of the
          Committee, a legend shall be placed upon such certificates reflecting
          that the shares represented thereby are subject to restrictions
          against transfer and forfeiture.

     (e)  At the expiration of the restricted period applicable to restricted
          shares, the Corporation shall deliver to the Participant or the legal
          representative of the Participant's estate stock certificates for such
          shares. If stock certificates were previously issued for the shares
          and a legend has been placed on such certificates, the Corporation
          shall cause such certificates to be reissued without the legend.

     (f)  At the expiration of the restricted period applicable to restricted
          stock units, the Corporation shall pay to the Participant an amount
          equal to the then fair market value of that number of shares to which
          such restricted stock units relate. In the Discretion of the
          Committee, such amount may be paid in cash, stock, other property or
          any combination thereof.

     In the case of events such as stock dividends, stock splits,
     recapitalizations, mergers, consolidations or reorganizations of or by the
     Corporation, any stock, securities or other property which a Participant
     receives or is entitled to receive by reason of his ownership of restricted
     shares shall, unless otherwise determined by the Committee, be subject to
     the same restrictions applicable to the restricted shares.

19.  PERFORMANCE SHARES: The Committee may grant to a Participant the right to
     obtain performance shares subject to the following terms and conditions:

     (a)  The Participant's right to obtain performance shares shall be subject
          to attainment of one or more performance goals over a performance
          period prescribed by the Committee.

     (b)  The performance goal applicable to an award to a Participant of the
          right to obtain performance shares shall be based upon free cash flow,
          cash flow return on investment, stock price, market share, sales,
          revenues, earnings per share, return on equity, total stockholder
          return, costs, net income, working capital turnover,

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          inventory or receivable turnover and/or margins of the Corporation, a
          Subsidiary, or a division or unit thereof. The specific targets and
          other details of the performance goal shall be established by the
          Committee in its Discretion. A performance goal must, however, be
          objective so that a third party with knowledge of the relevant facts
          could determine whether the goal has been attained.

     (c)  The performance goal applicable to an award to a Participant of the
          right to obtain performance shares shall be established by the
          Committee in writing at any time during the period beginning on the
          date of the award and ending on the earlier of (i) ninety (90) days
          after commencement of the performance period applicable to the award,
          or (ii) expiration of the first 25% of the performance period;
          provided, however, that there must be substantial uncertainty whether
          a performance goal will be attained at the time it is established by
          the Committee.

     (d)  The performance goal established by the Committee must prescribe an
          objective formula or standard, that could be applied by a third party
          having knowledge of the relevant performance results, to compute the
          number of performance shares issuable to the Participant if the goal
          is attained.

     (e)  Unless otherwise determined by the Committee in the case of a
          Participant who dies or becomes permanently disabled, performance
          shares shall be issued to a Participant only after (i) expiration of
          the performance period and attainment of the performance goal
          applicable to the award, and (ii) issuance of a written certification
          by the Committee (including approved minutes of the meeting of the
          Committee at which the certification is made) that the performance
          goal and any other material terms of the award have been attained or
          satisfied.

     (f)  No Participant shall have any of the rights of a shareholder of the
          Corporation in respect of the shares covered by a performance share
          award until the actual issuance of the shares to said Participant and,
          prior to such issuance, no adjustments shall be made for dividends,
          distributions or other rights in respect of such shares, except as
          provided in Paragraph 5.

     (g)  In its Discretion and subject to such terms and conditions as it may
          impose, including terms and conditions intended to comply with Section
          409A of the Code, the Committee may permit a Participant to elect to
          defer receipt of performance shares to a time later than the time the
          shares otherwise would be issued to the Participant. In such event,
          the Committee may, in its Discretion, provide for the payment by the
          Corporation of a dividend equivalent or interest at a rate determined
          by the Committee.

     (h)  In the Discretion of the Committee, in lieu of settling a performance
          share award by issuance of shares of Common Stock of the Corporation
          to a Participant, all or a portion of the award may be settled by
          payment of cash or other property to the Participant in an amount or
          having a value equal to the then value of the otherwise issuable
          shares; provided, however, that the amount of cash and the value of
          any

                                       10

<PAGE>

          other property paid to any Participant during any calendar year in
          settlement of a performance share award shall not exceed $5.0 Million.

     (i)  Unless otherwise determined by the Committee, performance shares or
          rights therein awarded to a Participant may not be sold, assigned,
          transferred, pledged, hypothecated or otherwise encumbered by the
          Participant at any time before actual issuance of the shares to the
          Participant.

     (j)  In its Discretion, the Committee may subject a performance share award
          to a Participant to any other terms or conditions not inconsistent
          with the foregoing, including, without limitation, a requirement that
          the Participant remain an employee of the Corporation or a Subsidiary
          (including at or above a specified salary grade), or that the
          Participant remain a consultant, advisor or outside director of the
          Corporation or a Subsidiary, for the entire performance period
          applicable to the award.

     Performance share awards under the Plan are intended to constitute
     qualified performance-based compensation for purposes of Section
     162(m)(4)(C) of the Code and the Treasury Regulations thereunder, and the
     provisions of this Paragraph 19 (and the other provisions of the Plan
     relating to performance share awards) shall be interpreted and administered
     to effectuate that intent. Moreover, the Committee may revise or modify the
     terms of an outstanding performance share award to the extent the Committee
     determines, in its Discretion, that such revision or modification is
     necessary for such award to constitute qualified performance-based
     compensation.

20.  OTHER STOCK-BASED AWARDS: The Committee may grant to Participants such
     other awards that are denominated or payable in, valued in whole or in part
     by reference to, or otherwise based on or related to, shares of Common
     Stock of the Corporation as are deemed by the Committee, in its Discretion,
     to be consistent with the purposes of the Plan; provided, however, that
     such grants must comply with applicable law.

21.  INVESTMENT PURPOSE: If the Committee, in its Discretion, determines that as
     a matter of law such procedure is or may be desirable, it may require a
     Participant, upon any acquisition of stock hereunder and as a condition to
     the Corporation's obligation to deliver certificates representing such
     shares, to execute and deliver to the Corporation a written statement in
     form satisfactory to the Committee, representing and warranting that the
     Participant's acquisition of shares of stock shall be for such person's own
     account, for investment and not with a view to the resale or distribution
     thereof and that any subsequent offer for sale or sale of any such shares
     shall be made either pursuant to (a) a Registration Statement on an
     appropriate form under the Securities Act of 1933, as amended (the
     "Securities Act"), which Registration Statement has become effective and is
     current with respect to the shares being offered and sold, or (b) a
     specific exemption from the registration requirements of the Securities
     Act, but in claiming such exemption the Participant shall, prior to any
     offer for sale or sale of such shares, obtain a favorable written opinion
     from counsel for or approved by the Corporation as to the availability of
     such exemption. The Corporation may endorse an appropriate legend referring
     to the

                                       11

<PAGE>

     foregoing restriction upon the certificate or certificates representing any
     shares issued or transferred to the Participant under the Plan.

22.  RIGHTS TO CONTINUED EMPLOYMENT: Nothing contained in the Plan or in any
     Award granted pursuant to the Plan, nor any action taken by the Committee
     hereunder, shall confer upon any Participant any right with respect to
     continuation of employment or service as an employee, consultant, advisor
     or outside director of the Corporation or a Subsidiary nor interfere in any
     way with the right of the Corporation or a Subsidiary to terminate such
     person's employment or service at any time with or without cause.

23.  WITHHOLDING PAYMENTS: If, upon the grant, exercise, release of restrictions
     or settlement of or in respect of an Award, or upon any other event or
     transaction under or relating to the Plan, there shall be payable by the
     Corporation or a Subsidiary any amount for income or employment tax
     withholding, in the Committee's Discretion, either the Corporation shall
     appropriately reduce the amount of stock, cash or other property to be paid
     to the Participant or the Participant shall pay such amount to the
     Corporation or Subsidiary to enable it to pay or to reimburse it for paying
     such income or employment tax withholding. The Committee may, in its
     Discretion, permit Participants to satisfy such withholding obligations, in
     whole or in part, by electing to have the amount of Common Stock delivered
     or deliverable by the Corporation in respect of an Award appropriately
     reduced, or by electing to tender Common Stock back to the Corporation
     subsequent to receipt of such stock in respect of an Award. The Corporation
     or any of its Subsidiaries shall also have the right to withhold the amount
     of such taxes from any other sums or property due or to become due from the
     Corporation or any of its Subsidiaries to the Participant upon such terms
     and conditions as the Committee shall prescribe. The Corporation may also
     defer issuance of stock under the Plan until payment by the Participant to
     the Corporation or any of its Subsidiaries of the amount of any such tax.
     In the case of a Regulation T Stock Option Exercise, the Committee may in
     its Discretion permit the Participant to irrevocably instruct a stock
     broker to promptly deliver to the Corporation an amount (in addition to the
     option exercise price) equal to any withholding tax owing in respect of
     such option exercise from the proceeds of the stock broker's sale of or
     loan against some or all of the shares. In the event the Corporation then
     has in effect a stock repurchase program, in its Discretion and subject to
     such terms and conditions as it may impose, the Committee may permit
     Participants to satisfy their withholding tax obligations by requesting
     that the Corporation repurchase (and retain the repurchase price of) that
     number of shares issuable or issued under the Plan having a then fair
     market value equal to the amount of withholding tax due. The Committee may
     make such other arrangements with respect to income or employment tax
     withholding as it shall determine.

24.  CHANGE IN CONTROL: Notwithstanding any other provision of the Plan or any
     provision of a grant or award agreement, in the event the Committee
     determines that there has been or will be a change in control of the
     Corporation or of any Subsidiary, the Committee may, without the consent of
     the holder, provide for any treatment of outstanding Awards which it
     determines, in its Discretion, to be appropriate. Such treatment may
     include, without limitation, acceleration of vesting of stock options and

                                       12

<PAGE>

     stock appreciation rights, release of restrictions applicable to restricted
     stock or restricted stock units, or deeming performance share awards to
     have been earned. In determining whether there has been or will be a change
     in control of the Corporation or of any Subsidiary, the Committee may
     utilize a definition it deems appropriate of a change in control contained
     in any existing agreement between the Corporation or a Subsidiary and one
     of its senior executives.

25.  SECTION 409A: To the extent applicable, this Plan is intended to comply
     with the provisions of Section 409A of the Code. This Plan shall be
     administered in a manner consistent with the intent.

26.  EFFECTIVENESS OF PLAN: The Plan shall be effective on the date the Board of
     Directors of the Corporation adopts the Plan and shall apply with respect
     to Awards granted on or after such date; provided, however, that the terms
     of the Predecessor Plan shall continue to apply to Awards granted prior to
     the date the Board of Directors of the Corporation adopts the Plan.

27.  TERMINATION, DURATION AND AMENDMENTS OF PLAN: The Plan may be abandoned or
     terminated at any time by the Board of Directors of the Corporation. Unless
     sooner terminated by the Board of Directors, the Plan shall terminate on
     the date ten (10) years after the adoption by the Board of Directors of the
     Predecessor Plan, and no Awards may be granted thereafter. The termination
     of the Plan shall not affect the validity of any Award outstanding on the
     date of termination.

     For the purpose of conforming to any changes in applicable law or
     governmental regulations, or for any other lawful purpose, the Board of
     Directors of the Corporation or the Committee shall have the right, without
     approval of the shareholders of the Corporation, to amend or revise the
     terms of the Plan at any time; provided, however, that no such amendment or
     revision shall (i) with respect to the Plan, increase the maximum number of
     shares in the aggregate which are subject to the Plan or with respect to
     which Awards may be made to individual Participants (subject, however, to
     the provisions of Paragraph 5), materially change the class of persons
     eligible to be Participants under the Plan or establish additional and
     different business criteria on which performance share goals are based
     without approval or ratification of the shareholders of the Corporation; or
     (ii) with respect to an Award previously granted under the Plan, except as
     otherwise specifically provided in the Plan, alter or impair any such Award
     without the consent of the holder thereof.

As adopted by the Board of Directors on October 25, 2007.

                                       13<PAGE>

                                                              CONFIDENTIAL DRAFT

                                                                   EXHIBIT 10.11

                              AMENDED AND RESTATED
                          PENSKE AUTOMOTIVE GROUP, INC.
                     NON-EMPLOYEE DIRECTOR COMPENSATION PLAN

                                OCTOBER 25, 2007

I.   INTRODUCTION AND DEFINITIONS

     A.   Purpose. The purpose of this Plan is to promote the interests of
          Penske Automotive Group, Inc. and its affiliates and stockholders by
          helping to attract and retain highly qualified non-employee directors.
          This Plan amends and restates the Amended and Restated United Auto
          Group, Inc. Non-Employee Director Compensation Plan adopted by the
          Board of Directors on December 10, 2003 and previously amended and
          restated as of October 20, 2004.

     B.   Definitions. Unless the context clearly indicates otherwise, the
          following terms, when used in the Plan, shall have the meanings set
          forth in this section:

          1.   "Board" shall mean the Board of Directors of the Company.

          2.   "Code" shall mean the Internal Revenue Code of 1986, as amended.

          3.   "Company" shall mean Penske Automotive Group, Inc., a Delaware
               corporation, and any successor corporation.

          4.   "Director" shall mean a member of the Board.

          5.   "Exchange Act" shall mean the Securities Exchange Act of 1934, as
               amended.

          6.   "Non-Employee Director" shall mean a Director who is not also a
               salaried employee of the Company or any of its subsidiaries.

          7.   "Payment Date" shall mean a date selected by the Board which
               falls within the first quarter of the calendar year following the
               calendar year in which a Non-Employee Director served on the
               Board.

          8.   "Plan" shall mean this Amended and Restated Penske Automotive
               Group, Inc. Non-Employee Director Compensation Plan, as set forth
               herein and as it may be amended from time to time.

          9.   "Stock" shall mean shares of the Voting Common Stock of the
               Company, par value $0.0001 per share.

          10.  "Termination of Service" means a Non-Employee Director's
               separation from service as defined under Section 409A of the
               Code.

                                       1

<PAGE>

II.  NON-EMPLOYEE DIRECTOR FEES

     A.   Fee. Each Non-Employee Director shall be paid for each year or partial
          year of service a fee of $40,000 or, in the event the Director is a
          member of the Audit Committee of the Board, $45,000 (pro rated for
          partial years) (the "Fee"). The Fee may reduced, increased or
          otherwise amended from time to time by the Board and all references to
          the Fee shall include such amounts as so amended.

     B.   Manner of Payment. The Non-Employee Director must annually elect in
          advance whether to receive the Fee in the form of cash or Stock. This
          election must be received by the Company on or before December 31 (the
          "Election Date") of the preceding year. Once made, this election is
          irrevocable for such year.

     C.   Payment Date. That portion of the Fee not deferred shall be paid on
          the Payment Date. If a Non-Employee Director fails to elect the manner
          of payment of the Fee by the Election Date, or if a Non-Employee
          Director's election to receive the Fee in Stock has not been
          previously approved by the Board, then that Non-Employee Director's
          Fee shall be payable in Cash.

     D.   Election to Receive Fee in Stock

          1.   A Non-Employee Director's election to receive the Fee in Stock
               must be approved by the Board prior to the Payment Date.

          2.   If a Non-Employee Director's election is approved by the Board,
               then the Non-Employee Director's Fee, if not deferred, shall be
               paid in shares of Stock or, if deferred, then payable in Units,
               the number of which will be determined as follows: by dividing
               the Fee, (or the prorated portion for partial years) by the
               average of the closing market price of the Stock as reported on
               the New York Stock Exchange for the 20 trading days immediately
               preceding and including the Payment Date.

          3.   Such shares of Stock shall not be subject to any transfer or
               resale restrictions other than those applicable under federal and
               state securities laws.

          4.   If a Non-Employee Director becomes a member of the Board after
               the Election Date, then such Director may elect to receive the
               Fee in the form of Stock on the Payment Date by making such
               election within 30 days after becoming a Director, provided that
               such election shall be subject to approval by the Board.

III. DEFERRAL OF NON-EMPLOYEE DIRECTOR FEE.

     A.   Introduction: Non-Employee Directors, on an individual basis, may
          defer all or part of their Fee until such time as their service on the
          Board terminates.

                                       2

<PAGE>

     B.   Manner of Deferral: On or before the Election Date, a Non-Employee
          Director may elect to defer all or a portion of the Fee (the "Deferred
          Fee"); provided, that a Non-Employee Director who first commences
          service on the Board during the course of a calendar year, rather than
          prior to such year, may make such election to defer with respect to
          such year not later than the 30th day following the date on which the
          Non-Employee Director first commences service, and such deferral
          election shall be effective with regard to Fees earned during such
          year. Such election shall be irrevocable for the period of service for
          which the Fee is payable. The Deferred Fee will be credited to the
          Non-Employee Director's deferred fees account (the "Deferred Fees
          Account") as of the Payment Date and accounted for pursuant to the
          manner of payment elected by the Non-Employee Director until fully
          paid out.

     C.   Deferral of Stock: If a Non-Employee Director elects to receive the
          Fee in Stock, the payment of which has been deferred in whole or in
          part, then the Non-Employee Director's Deferred Fees Account will be
          credited with the number of stock units ("Units"), calculated to the
          nearest thousandths of a Unit, determined by dividing the amount of
          the Deferred Fee by the average of the closing market price of the
          Stock as reported on the New York Stock Exchange for the 20 trading
          days immediately preceding and including the Payment Date. The
          Non-Employee Director's Deferred Fees Account will also be credited
          with the number of Units determined by multiplying the number of Units
          in the Non-Employee Director's Deferred Fees Account by any per share
          cash dividends declared by the Company on its Stock and dividing the
          product by the closing market price of the Stock as reported on the
          New York Stock Exchange on the related dividend payment date, and also
          by multiplying the number of Units in the Non-Employee Director's
          Deferred Fees Account by any stock dividends declared by the Company
          on its Stock.

     D.   Deferral of Cash: If a Non-Employee Director elects to receive the Fee
          in cash, the payment of which has been deferred in whole or in part,
          then the Non-Employee Director's Deferred Fees Account (a) will be
          credited on the Payment Date in an amount equal to the Deferred Fee,
          and (b) will be credited as of the end of each calendar quarter
          additional compensation equal to interest on the amounts credited to
          such account from the date credited (or the end of the preceding
          quarter, if later) to the end of such quarter at the rate of interest
          payable on the last issue of U.S. 90-day Treasury Bills made prior to
          the end of such quarter, as published in the Wall Street Journal.

     E.   Recapitalization: If, as a result of a recapitalization of the Company
          (including stock splits), the Company's outstanding shares of Stock
          shall be changed into a greater or smaller number of shares, the
          number of Units credited to a Non-Employee Director's Deferred Fees
          Account shall be appropriately adjusted on the same basis.

                                       3

<PAGE>

F.   Distribution of Deferred Fees.

     1.   Upon a Non-Employee Director's Termination of Service, the
          Non-Employee Director shall receive the amount credited to his
          Deferred Fees Account in five substantially equal annual installments
          commencing on the first Payment Date following the Non-Employee
          Director's Termination of Service (the "Installment Payment Date"),
          unless prior to the time specified in Section III.B, the Non-Employee
          Director requests distributions in a different time or form.

     2.   Survivor Payout Elections. In the event of a Non-Employee Director's
          death prior to receiving all entitled deferred payments, the value of
          the Deferred Fees Account on the date of the Non-Employee Director's
          death shall be determined and paid to the beneficiary(s) designated by
          the Non-Employee Director (or, failing such designation, to the
          Non-Employee Director's estate) in accordance with the installment
          schedule set forth in Section III, F(1) above, unless the Non-Employee
          Director, prior to time specified in Section III.B, has elected to
          have the remaining payments made in a single lump sum upon his death,
          in which case a lump sum payment will be made to the designated
          beneficiaries or the Non-Employee Director's estate as soon as
          practicable after the Non-Employee Director's death.

     3.   Form of Payment Elections.

          (a)  All installment payments from the Non-Employee Director's
               Deferred Fees Account shall be in the form of cash.

          (b)  Notwithstanding the preceding paragraph, upon request of the
               Non-Employee Director, and subject to the Board's approval, a
               Non-Employee Director, former Non-Employee Director, or deceased
               Non-Employee Director's beneficiary or legal representative may
               elect at anytime to have any or all payouts, or remaining
               payouts, of the Non-Employee Director's Deferred Fees Account
               paid out in cash or in shares of the Stock.

     4.   Determination of Amount of Cash Installment Payments.

          (a)  The amount of the first cash installment payment shall be a
               fraction of the Cash and/or Units in the Non-Employee Director's
               Deferred Fees Account on the first Installment Payment Date, the
               numerator of which is one and the denominator of which is the
               total number of installments elected. Each subsequent installment
               shall be calculated in the same manner as of each subsequent
               Installment Payment Date except that the denominator shall be
               reduced by the number of installments which have been previously
               paid.

                                       4

<PAGE>

          (b)  The amount of cash payable for deferred fees accounted for as
               Units based on the Company's Stock value will be paid as
               described above, based on the number of Units in the Non-Employee
               Director's Deferred Fees Account on the Installment Payment Date
               multiplied by the closing market price of the Company's Stock as
               reported on the New York Stock Exchange on the last trading day
               preceding the Installment Payment Date.

     5.   Determination of Amount of Installment Payments in Shares of Stock.

          (a)  The amount of the first installment payment payable in shares of
               the Stock for deferred fees shall be a fraction of the value of
               the Cash and/or Units in the Non-Employee Director's Deferred
               Fees Account on the date of the first Installment Payment Date,
               the numerator of which is one and the denominator of which is the
               total number of installments elected. Each subsequent installment
               shall be calculated in the same manner as of each subsequent
               Installment Payment Date except that the denominator shall be
               reduced by the number of installments which have been previously
               paid.

          (b)  If a payout to be made in shares of the Stock is based on
               deferred fees accounted for as Cash, the number of shares payable
               shall be determined by dividing the amount of cash that would
               otherwise be payable by the closing market price of the Stock as
               reported on the New York Stock Exchange on the last trading day
               preceding the Installment Payment Date.

          (c)  Except for the final installment payment, only whole shares shall
               be payable, and the value of any fractional share payable shall
               re retained in the Non-Employee Director's Deferred Fees Account
               until the final installment payment, at which time the value of
               any fractional share payable shall be paid in cash, based on the
               fractional share multiplied by the closing market price of Stock
               as reported on the New York Stock Exchange on the last trading
               day preceding the Installment Payment Date.

     6.   Six-Month Delay In Certain Payments. Notwithstanding the provisions of
          this Section III, F.1, if a Non-Employee Director is a specified
          employee (within the meaning of Section 409A of the Code) with respect
          to the Company at the time of his or her Termination of Service, all
          payments that would have been due during the six-month period
          following the Non-Employee Director's Termination of Service shall be
          paid on the first day of the seventh month following the Non-Employee
          Director's Termination of Service (or, if earlier, as soon as
          practicable after the date of the Participant's death).

                                       5

<PAGE>

IV.  GENERAL TERMS

     A.   Unfunded Plan. It is presently intended that the fund constitute an
          unfunded plan for deferred compensation. No provision of the Plan
          shall require the Company, for the purpose of satisfying any
          obligations under the Plan, to purchase units or place any units in a
          trust or other entity to which contributions are made or otherwise to
          segregate any assets, nor shall the Company maintain separate bank
          accounts, books, records, or other evidence of the existence of a
          segregated or separately maintained or administered fund for such
          purposes.

     B.   Effective Date. The Amended and Restated Compensation Plan shall be
          effective upon approval by the Board.

     C.   Amendment and Termination of the Plan. The Board in its discretion may
          terminate the Plan or alter or amend the Plan or any part thereof from
          time to time.

     D.   Rule 16b-3. The terms and conditions of each grant of a Stock or Units
          under the Plan shall be approved in advance by the Board for purposes
          of the exemption from Section 16(b) of the Exchange Act available
          under Rule 16b-3(d)(1) and other applicable rules promulgated under
          Section 16 the Exchange Act.

     E.   Nonassignability. It shall be a condition of this Plan (and all rights
          of each Non-Employee Director and beneficiary shall be subject
          thereto) that no amount payable hereunder shall be assignable in whole
          or in part, either directly or by operation of law except by will or
          the laws of descent or distribution. Further, no right or interest of
          each Non-Employee Director or beneficiary under the Plan shall be
          liable for, or subject to, any obligation or liability of such
          director or beneficiary, including claims for alimony or the support
          of any spouse.

     F.   Section 409A of the Code. To the extent applicable, it is intended
          that this Plan comply with the provisions of Section 409A of the Code.
          The Plan shall be interpreted and administered in a manner consistent
          with this intent.

                                       6

<PAGE>

               FORM OF NOTICE OF ELECTION FOR FORM OF PAYMENT FOR
                         NON-EMPLOYEE DIRECTOR SERVICES

TO:  (Input Director's Name and Address)

I.   MANNER OF PAYMENT ELECTION

     Pursuant to the United Auto Group, Inc.'s Non-Employee Director
Compensation Plan, for the annual fees payable to me as a Director of the
Company for the year ending December 31, 2003, I hereby irrevocably elect:

[ ]  To receive shares of United Auto Group, Inc. Voting Common Stock, par value
     $0.0001 per share, in lieu of cash in payment of the annual fee. The shares
     should be issued according to instructions set forth below; or

[ ]  Cash in payment of the annual fee.

II.  DEFERRAL OPTION ELECTION

     Pursuant to the United Auto Group, Inc.'s Non-Employee Compensation Plan, I
hereby irrevocably elect to defer the amount of the annual fee payable to me as
Director of the Company for the year ended December 31, 2003, as follows:

     ___% of, or $___ of my annual fee.

     The amount or percentage of the annual fee deferred shall be in the manner
of payment elected in Section I.

III. BENEFICIARY

     A.   If my membership on the Company's Board of Directors is terminated by
          death, or if I shall die after I cease to serve as a Director but
          before complete distribution of my Deferred Fees Account, I direct the
          balance in such account to be paid to:

                                        ----------------------------------------
                                        Name of Designated Beneficiary

                                        ----------------------------------------
                                        Address

                                        ----------------------------------------
                                        Relationship to Me

___________, 20__                       ----------------------------------------
Date                                    Director

                                       7

<PAGE>

     B.   If my membership on the Company's Board of Directors is terminated by
          death, or if I shall die after I cease to serve as a Director but
          before complete distribution of my Deferred Fees Account, I direct the
          balance in such account to be paid:

[ ]  In one lump sum to the Designated Beneficiary

[ ]  In accordance with the Plan's Installment Payment Schedule or the schedule
     previously elected by me and approved by the Board.

IV.  SPECIAL INSTRUCTIONS

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

V.   SIGNATURE

_____________, 20__                     ________________________________________
Date                                    Director

Name:
      __________________________________
Address:
         _______________________________

         _______________________________

Social Security Number:
                        ________________

                                       8

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