XML 64 R13.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Inventories and Floor Plan Notes Payable | 12 Months Ended
--- | ---
Dec. 31, 2023
Inventory Disclosure [Abstract] |
Inventories and Floor Plan Notes Payable Disclosure | INVENTORIES AND FLOOR PLAN NOTES PAYABLE The components of inventories consisted of the following:
|  | December 31,
($ in millions) |  | 2023 |  | 2022
New vehicles |  | $ | 2,886.3 |  |  | $ | 1,679.8 |
Used vehicles |  | 1,637.5 |  |  | 1,529.3 |
Parts and accessories |  | 230.1 |  |  | 200.3 |
Total inventories |  | $ | 4,753.9 |  |  | $ | 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.
|  | December 31,
($ in millions) |  | 2023 |  | 2022
Floor plan notes payable: non-trade |  | $ | 2,288.5 |  |  | $ | 1,489.4 |
Floor plan notes payable |  | 1,347.0 |  |  | 627.2 |
Total floor plan debt |  | $ | 3,635.5 |  |  | $ | 2,116.6 |
Floor Plan Notes Payable We have floor plan agreements with manufacturer-affiliated finance companies for certain new vehicles and vehicles that are designated for use as service loaners. The interest rates on these floor plan notes payable commitments vary by manufacturer and are variable rates, ranging from 5.77% to 14.25% as of December 31, 2023. Borrowings from and repayments to manufacturer-affiliated finance companies are classified as operating activities in the Consolidated Statements of Cash Flows. Floor Plan Notes Payable: Non-Trade See credit facilities discussion in Note 9 – Credit Facilities and Long-Term Debt for more information on our floor plan commitments.

X
- Definition Inventories And Floor Plan Notes Payable Disclosure + References No definition available. + Details
Name: | lad_InventoriesAndFloorPlanNotesPayableDisclosureTextBlock
Namespace Prefix: | lad_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration