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INVENTORIES AND FLOOR PLAN NOTES PAYABLE

9 Months Ended

Sep. 30, 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)						September 30, 2023						December 31, 2022
New vehicles						$	2,457.3					$	1,679.8
Used vehicles						1,724.2						1,529.3
Parts and accessories						223.0						200.3
Total inventories						$	4,404.5					$	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)						September 30, 2023						December 31, 2022
Floor plan notes payable: non-trade						$	1,863.4					$	1,489.4
Floor plan notes payable						1,261.2						627.2
Total floor plan debt						$	3,124.6					$	2,116.6

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- References

No definition available.

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- 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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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