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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)20232022
New vehicles$2,886.3 $1,679.8 
Used vehicles1,637.5 1,529.3 
Parts and accessories230.1 200.3 
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)20232022
Floor plan notes payable: non-trade$2,288.5 $1,489.4 
Floor plan notes payable1,347.0 627.2 
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.