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

Smart Fortwo Owners Receive Half-Off Rates When Parking at Any of Six Meyers Parking Structures, including Locations in Times Square and Madison Square Garden
Smart USA Distributor LLC, a subsidiary of Penske Automotive Group, Inc., (NYSE: PAG), announces
Meyers Parking in New 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 in New 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 smart USA. "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 in New 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

"Decreased parking supply and urban congestion represent a continuing
problem in New York, and we can't think of a better company to partner with
than smart USA 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.

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 throughout New 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 for New 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

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