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Accounts Payable and Accrued Liabilities
 9 Months Ended
Sep. 30, 2025
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities
NOTE 5 — ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

The following table summarizes accounts payable and accrued liabilities as of September 30, 2025 and December 31, 2024:

September 30,
2025		December 31,
2024
(in millions)
Accounts payable, including $23 and $17, respectively, due to related parties
$291 $236 
Reserve for returns and cancellations109 75 
Sales taxes and vehicle licenses and fees94 87 
Accrued compensation and benefits87 92 
Accrued insurance81 63 
Accrued interest expense53 96 
Trade floor plan payables50 — 
Customer deposits49 63 
Accrued advertising costs25 18 
Other accrued liabilities173 126 
Total accounts payable and accrued liabilities
$1,012 $856 

In connection with the franchise dealership acquisitions, the Company entered into a Master Loan and Security Agreement (the "Trade Floor Plan Facility") with Stellantis Financial Services, Inc. ("SFS") to finance certain of our purchases of its new vehicle inventory, and such financed inventory secures the Trade Floor Plan Facility. The line of credit under the Trade Floor Plan Facility is $99 million, allocated among sub-advance limits for each dealership location and type of vehicle inventory, and the interest rate is based on one-month term SOFR plus an applicable margin, which ranges from 2.25% to 3.25% depending on the relative amount of retail sales funded by SFS. Under the Trade Floor Plan Facility, repayment of amounts drawn for the purchase of a vehicle should generally be made within several days after selling or otherwise disposing of the vehicle. Outstanding principal balances related to vehicles held in inventory for more than 11 months are due in full on the first day of the 12th month after a vehicle was initially financed. Prepayments may be made without incurring a premium or penalty. The Trade Floor Plan Facility also requires monthly interest payments and a minimum $15 million restricted cash balance.