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Segments
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segments Segments
While we have determined that each individual store is a reporting unit, we have aggregated our reporting units into three reportable segments based on their economic similarities: Domestic, Import and Luxury.

Our Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Stellantis, General Motors and Ford. Our Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Hyundai, Subaru, Nissan and Volkswagen. Our Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by BMW, Mercedes and
Lexus. The franchises in each segment also sell used vehicles, parts and automotive services, as well as automotive finance and insurance products.

Corporate and other revenue and income includes the results of operations of our stand-alone body shops offset by unallocated corporate overhead expenses, such as corporate personnel costs, and certain unallocated reserve and elimination adjustments. Additionally, certain internal corporate expense allocations increase income for Corporate and other while decreasing segment income for the reportable segments. These internal corporate expense allocations are used to increase comparability of our dealerships and reflect the capital burden a stand-alone dealership would experience. Examples of these internal allocations include internal rent expense, internal floor plan financing charges, and internal fees charged to offset employees within our corporate headquarters who perform certain dealership functions.

We define our chief operating decision maker (CODM) to be certain members of our executive management group. Historical and forecasted operational performance is evaluated on a store-by-store basis and on a consolidated basis by the CODM. We derive the operating results of the segments directly from our internal management reporting system. The accounting policies used to derive segment results are substantially the same as those used to determine our consolidated results, excepted for the internal allocation within Corporate and other discussed above. Our CODM does not regularly review capital expenditures on a reporting unit level. Performance measurement of each reportable segment by the CODM are based on several metrics, including earnings from operations. The CODM uses these results, in part, to evaluate the performance of and to allocate resources, mainly associated with expected inventory and working capital requirements, to each of the reportable segments.
Certain financial information on a segment basis is as follows:
 Three Months Ended
March 31,
(in millions)20222021
Revenues:  
Domestic
New vehicle retail$935.6 $614.6 
Used vehicle retail746.4 462.2 
Used vehicle wholesale128.1 36.2 
Finance and insurance89.4 58.6 
Service, body and parts187.6 120.8 
Fleet and other54.0 17.6 
2,141.1 1,310.0 
Import
New vehicle retail1,288.4 968.1 
Used vehicle retail895.9 562.1 
Used vehicle wholesale131.8 58.3 
Finance and insurance170.4 105.5 
Service, body and parts243.1 156.7 
Fleet and other10.0 14.1 
2,739.6 1,864.8 
Luxury
New vehicle retail836.5 614.1 
Used vehicle retail596.6 331.2 
Used vehicle wholesale107.1 39.8 
Finance and insurance62.4 36.9 
Service, body and parts183.1 121.7 
Fleet and other17.3 27.8 
1,803.0 1,171.5 
 6,683.7 4,346.3 
Corporate and other21.6 (3.3)
 $6,705.3 $4,343.0 
Segment income1:
Domestic$130.5 $73.9 
Import245.8 101.5 
Luxury130.3 44.1 
Total segment income for reportable segments$506.6 $219.5 
1Segment income for each of the segments is a Non-GAAP measure defined as Income from operations before income taxes, depreciation and amortization, other interest expense and other income, net.
Reconciliation of total segment income for reportable segments to our consolidated income before income taxes:
 Three Months Ended
March 31,
(in millions)20222021
Total segment income for reportable segments$506.6 $219.5 
Corporate and other40.5 38.8 
Depreciation and amortization(39.2)(26.8)
Other interest expense(30.1)(23.5)
Other income (expense), net(8.0)3.4 
Income before income taxes$469.8 $211.4 
Total assets by reportable segments is as follows:
(in millions)March 31, 2022December 31, 2021
Total assets:  
Domestic$1,831.9 $1,574.7 
Import2,106.3 1,858.1 
Luxury1,494.4 1,407.1 
Corporate and other6,648.2 6,307.0 
 $12,080.8 $11,146.9