Meyers Parking Offers Discounts to smart fortwo Owners in New York City

BLOOMFIELD HILLS, Mich., Sept. 8 /PRNewswire/ -- smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), announces Meyers Parking inNew York City now offers parking discounts to smart fortwo owners. Owners of the revolutionary vehicle will receive a 50 percent discount off daily and monthly posted parking rates at any of the six Meyers Parking facilities inNew York City.

"Our arrangement with Meyers Parking 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 smartUSA. "The smart fortwo is helping New Yorkers change the way they park and navigate congested city streets, 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 inNew York City. In addition to being easy to park, the vehicle is attracting an overwhelming number of buyers who want a solution to high gas prices, a way to reduce their environmental footprint and beat urban congestion in a package that is fun to drive.

"Decreased parking supply and urban congestion represent a continuing problem inNew York, and we can't think of a better company to partner with than smartUSA to help combat these issues," said Mike Carolan, Director of Operations for Meyers Parking. "We are excited to offer smart owners a discount, as it seems only appropriate that smart owners pay half price since they only take up half the space."

Meyers Parking is the official parking garage of Madison Square Garden, the New York Rangers, New York Knicks and New York Liberty. Meyers also has the largest public garages in Times Square, on the Upper East Side and the Empire State Building area. The discount for smart fortwo owners will run now through Dec. 31, 2008.

smartUSA has sold more than 16,000 smart fortwos since January 16, 2008. Currently there are approximately 1,700 smart owners in the metropolitanNew York market. There are currently seven smart centers located in the tri-state area including:Manhattan,Roslyn,Smithtown andWhite Plains inNew York, Edison andEnglewood inNew Jersey andFairfield, Connecticut.

ABOUT MEYERS PARKING -

Meyers Parking is a recognized leader in the parking industry with a proud history of providing courteous and efficient service to its customers. With facilities located throughoutNew York City, Meyers Parking proudly services over 3,000,000 customers per year with over 5000 available parking spaces. Meyers Parking has locations which provide public parking forNew York City's greatest entertainment venues and tourist attractions including Madison Square Garden, Times Square, The Javits Center and the Empire State Building. For additional information about Meyers Parking please email mcarolan@meyersparking.com.

ABOUT the smart fortwo and smartUSA

smart USA Distributor LLC, headquartered inBloomfield Hills, Michigan, is the exclusive distributor of the smart fortwo inthe United States andPuerto 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 37 countries, and nearly one million smart fortwos have been sold since 1998. The 2009 smart fortwo is available in three trim levels ranging in price from $11,590 to $16,590*.

* For current model year only. Prices are not guaranteed and are subject to change without notice. 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 inBloomfield Hills, Mich., operates 307 retail automotive franchises, representing more than 40 different brands, and 27 collision repair centers. Penske Automotive Group, 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 159 franchises in 19 states andPuerto Rico and 148 franchises located outsidethe United States, primarily in theUnited Kingdom. Penske Automotive Group is a member of the Fortune 500 and Russell 1000 and has approximately 16,000 employees.

For additional information, visit www.smartusa.com or www.penskeautomotive.com or email mcarolan@meyersparking.com

SOURCE smartUSA

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