Central Parking System, Inc. in New York City Offers Half-Price Parking to smart fortwo Owners

Latest agreement brings total to four NYC area companies offering discounts

BLOOMFIELD HILLS, Mich., March 18 /PRNewswire/ -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), announced an agreement with Central Parking System, Inc. in New York City, which offers half-price parking for smart fortwo owners in Manhattan. With this latest partnership, four companies are now offering discounted parking for smart fortwo owners.

Central Parking System, Inc. has more than 350 parking lots and garages in Manhattan, Brooklyn, Bronx, Queens and New Jersey, and is the largest parking company in the area. All lots and garages located in the areas mentioned above are providing parking discounts for customers with a smart fortwo. A complete list of locations can be found at www.centralparking.com. As previously announced, Meyers Parking and Icon Parking Systems facilities in Manhattan, and AviStar Airport Parking, with lots at both JFK and LaGuardia Airports, announced half-priced parking for smart fortwo owners.

"Our arrangement with the parking companies gives smart owners the best of both worlds - the ability to park at a discounted price, along with the ease to park almost anywhere," said Dave Schembri, President of smart USA. "The smart fortwo is helping New Yorkers change the way they navigate and park in New York, while offering great fuel economy, safety and functionality."

At 61 inches wide and 106 inches long, the smart fortwo is a practical solution for New Yorkers looking to find an easy way to park in New York City. In addition to being easy to park, the vehicle is attracting a significant number of buyers who want a solution to volatile gas prices, a way to reduce their environmental footprint and beat urban congestion in a package that is fun to drive.

"Central Parking System, Inc. is thrilled to offer a discount to smart fortwo owners. In recent years we have implemented several green initiatives in the parking business and the ability to provide this program recognizes smart's contribution to the environment and reflects Central Parking's commitment to business practices that improve the environment," said Hector Chevalier, Senior Vice President-Northeast Region, Central Parking System, Inc.

The smart dealer network sold more than 27,000 smart fortwos since January 16, 2008. Currently, there are approximately 4,000 smart owners in the metropolitan New York market. There are six smart centers located in the tri-state area including: Manhattan, Roslyn and Smithtown in New York, Edison and Englewood in New Jersey, and Fairfield, Connecticut.

ABOUT the smart fortwo and smart USA

smart USA Distributor LLC, headquartered in Bloomfield Hills, Mich., is the exclusive distributor of the smart fortwo in the United States and Puerto Rico and is a wholly owned subsidiary of Penske Automotive Group, Inc.

The smart fortwo is a brand of and is manufactured by Daimler AG. This technologically advanced vehicle achieves 41 mpg on the highway and is an ultra-low emissions vehicle, as certified by the State of California Air Resources Board. The vehicle is 8.8 feet long, 5.1 feet tall and 5.1 feet wide and comes equipped with many functional and safety features found in most luxury models. smart is currently sold in 36 other countries, and more than one million smart fortwos have been sold since 1998. The 2009 smart fortwo is available in five trim levels ranging in price from $11,990* to $20,990*. For more information visit the smart USA website - www.smartusa.com.

* For 2009 models. Excludes tax, title, registration, destination charge, options and other dealer fees.

smart is a registered trademark of Daimler AG.

ABOUT PENSKE AUTOMOTIVE GROUP

Penske Automotive Group, Inc., headquartered in Bloomfield Hills, Michigan, operates 309 retail automotive franchises, representing 40 different brands and 25 collision repair centers. Penske Automotive, which sells new and previously owned vehicles, finance and insurance products and replacement parts, and offers maintenance and repair services on all brands it represents, has 157 franchises in 19 states and Puerto Rico and 152 franchises located outside the United States, primarily in the United Kingdom. Penske Automotive is also the exclusive distributor of the smart fortwo through its wholly-owned subsidiary smart USA Distributor LLC. smart USA supports over 70 smart retail centers in the United States. Penske Automotive is a member of the Fortune 200 and Russell 1000 and has more than 14,000 employees. smart and fortwo are registered trademarks of Daimler AG.

For additional information, visit:

www.smartusa.com

www.penskeautomotive.com

www.centralparking.com

SOURCE smart USA

RELATED LINKS
http://www.centralparking.com
http://www.penskeautomotive.com
http://www.smartusa.com