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DEBT (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

The annual interest rates associated with our floor plan commitments are as follows:

Commitment			Annual Interest Rate at March 31, 2023
New vehicle floor plan			6.07%
Used vehicle floor plan			6.37%
Service loaner floor plan			6.07%
Revolving line of credit			5.97%

Schedule of Long-Term Debt Instruments

In February 2023, we issued approximately $480 million in non-recourse notes payable related to the asset-backed term funding transaction. Below is a summary of outstanding non-recourse notes payable issued:

($ in millions)			Balance as of March 31, 2023			Initial Principal Amount			Issuance Date			Interest Rate			Final Distribution Date
LAD Auto Receivables Trust 2021-1 Class A			$	92.7		$	282.8		11/24/21			1.300%			08/17/26
LAD Auto Receivables Trust 2021-1 Class B			18.3			18.3			11/24/21			1.940%			11/16/26
LAD Auto Receivables Trust 2021-1 Class C			26.0			26.0			11/24/21			2.350%			04/15/27
LAD Auto Receivables Trust 2021-1 Class D			17.2			17.2			11/24/21			3.990%			11/15/29
LAD Auto Receivables Trust 2022-1 Class A			182.0			259.7			08/17/22			5.210%			06/15/27
LAD Auto Receivables Trust 2022-1 Class B			15.5			15.5			08/17/22			5.870%			09/15/27
LAD Auto Receivables Trust 2022-1 Class C			23.0			23.0			08/17/22			6.850%			04/15/30
LAD Auto Receivables Trust 2023-1 Class A-1			46.2			75.1			02/14/23			4.929%			02/15/24
LAD Auto Receivables Trust 2023-1 Class A-2			242.0			242.0			02/14/23			5.680%			10/15/26
LAD Auto Receivables Trust 2023-1 Class A-3			74.4			74.4			02/14/23			5.480%			06/15/27
LAD Auto Receivables Trust 2023-1 Class B			20.1			20.1			02/14/23			5.590%			08/16/27
LAD Auto Receivables Trust 2023-1 Class C			36.7			36.7			02/14/23			6.180%			12/15/27
LAD Auto Receivables Trust 2023-1 Class D			31.3			31.3			02/14/23			7.300%			06/17/30
Total non-recourse notes payable			$	825.4		$	1,122.1

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