XML 31 R12.htm IDEA: XBRL DOCUMENT v3.23.1

INVENTORIES AND FLOOR PLAN NOTES PAYABLE

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES AND FLOOR PLAN NOTES PAYABLE

INVENTORIES AND FLOOR PLAN NOTES PAYABLE

The components of inventories, net, consisted of the following:

(in millions)						March 31, 2023						December 31, 2022
New vehicles						$	2,139.7					$	1,679.8
Used vehicles						1,502.2						1,529.3
Parts and accessories						213.7						200.3
Total inventories						$	3,855.6					$	3,409.4

The new vehicle inventory cost is generally reduced by manufacturer holdbacks and incentives, while the related floor plan notes payable are reflective of the gross cost of the vehicle.

(in millions)						March 31, 2023						December 31, 2022
Floor plan notes payable: non-trade						$	1,664.9					$	1,489.4
Floor plan notes payable						999.3						627.2
Total floor plan debt						$	2,664.2					$	2,116.6

X

- References

No definition available.

+ Details

Name:	us-gaap_InventoryDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI https://asc.fasb.org/topic&trid=2126998

+ Details

Name:	us-gaap_InventoryDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration