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SEGMENTS
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
We operate in two reportable segments: Vehicle Operations and Financing Operations. Our Vehicle Operations consists of all aspects of our auto merchandising and service operations, excluding financing provided by our Financing Operations. Our Financing Operations segment provides financing to customers buying and leasing retail vehicles from our Vehicle Operations, as well as leasing vehicles from our fleet management services provider.

All other remaining unallocated corporate overhead expenses and internal charges are reported under “Corporate and Other”. Asset information by segment is not utilized for purposes of assessing performance or allocating resources and, as a result, such information has not been presented.
Certain financial information on a segment basis is as follows:
 Three Months Ended
March 31,
(in millions)20242023
Vehicle operations revenue$8,561.8 $6,973.8 
Vehicle operations gross profit1,335.2 1,211.5 
Floor plan interest expense(60.7)(27.7)
Vehicle operations selling, general and administrative(990.1)(822.6)
Vehicle operations income284.4 361.2 
Financing operations interest margin:
Interest and fee income77.3 49.3 
Interest expense(47.8)(37.5)
Total interest margin29.5 11.8 
Lease income22.4 4.6 
Depreciation and amortization(18.0)(2.3)
Lease income, net
4.4 2.3 
Selling, general and administrative(10.6)(8.6)
Provision expense(25.0)(26.3)
Financing operations loss(1.7)(20.8)
Total segment income for reportable segments282.7 340.4 
Corporate and other55.8 58.2 
Depreciation and amortization(57.8)(47.3)
Other interest expense(63.6)(39.0)
Other income, net3.5 2.0 
Income before income taxes$220.6 $314.3