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DEBT (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2023
New vehicle floor plan			6.51%
Used vehicle floor plan			6.81%
Service loaner floor plan			6.61%
Revolving line of credit			6.41%

Schedule of Long-Term Debt Instruments

In 2023, we issued approximately $1.5 billion in non-recourse notes payable related to asset-backed term funding transactions. Below is a summary of outstanding non-recourse notes payable issued:

($ in millions)			Balance as of September 30, 2023			Initial Principal Amount			Issuance Date			Interest Rate			Final Distribution Date
LAD Auto Receivables Trust 2021-1 Class A			52.6			$	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			132.7			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			—			75.1			02/14/23			4.929%			02/15/24
LAD Auto Receivables Trust 2023-1 Class A-2			191.4			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
LAD Auto Receivables Trust 2023-2 Class A-1			—			87.4			05/24/23			5.440%			05/15/24
LAD Auto Receivables Trust 2023-2 Class A-2			262.2			287.0			05/24/23			5.930%			06/15/27
LAD Auto Receivables Trust 2023-2 Class A-3			80.0			80.0			05/24/23			5.420%			02/15/28
LAD Auto Receivables Trust 2023-2 Class B			22.9			22.9			05/24/23			5.450%			04/15/28
LAD Auto Receivables Trust 2023-2 Class C			54.7			54.7			05/24/23			5.580%			09/15/28
LAD Auto Receivables Trust 2023-2 Class D			24.8			24.8			05/24/23			6.300%			02/15/31
LAD Auto Receivables Trust 2023-3 Class A-1			34.0			63.2			08/23/23			5.632%			08/15/24
LAD Auto Receivables Trust 2023-3 Class A-2			127.8			127.8			08/23/23			6.090%			06/15/26
LAD Auto Receivables Trust 2023-3 Class A-3			100.0			100.0			08/23/23			6.120%			09/15/27
LAD Auto Receivables Trust 2023-3 Class A-4			45.0			45.0			08/23/23			5.950%			03/15/28
LAD Auto Receivables Trust 2023-3 Class B			22.6			22.6			08/23/23			6.090%			06/15/28
LAD Auto Receivables Trust 2023-3 Class C			39.9			39.9			08/23/23			6.430%			12/15/28
LAD Auto Receivables Trust 2023-3 Class D			16.8			16.8			08/23/23			6.920%			12/16/30
Total non-recourse notes payable			$	1,469.9		$	2,094.2

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