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Receivables, Net | 3 Months Ended
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Mar. 31, 2024
Receivables [Abstract] |
Receivables, Net | RECEIVABLES, NET The components of receivables, net of allowances for expected credit losses, are as follows:
| March 31, 2024 |  | December 31, 2023
Contracts-in-transit and vehicle receivables | $ | 425.0 |  |  | $ | 553.8 |
Trade receivables | 169.7 |  |  | 173.2 |
Manufacturer receivables | 212.0 |  |  | 240.5 |
Income taxes receivable (see Note 9) | — |  |  | 11.1 |
Other | 75.3 |  |  | 63.9 |
| 882.0 |  |  | 1,042.5 |
Less: allowances for expected credit losses | (2.0) |  |  | (2.1) |
Receivables, net | $ | 880.0 |  |  | $ | 1,040.4 |
Contracts-in-transit and vehicle receivables primarily represent receivables from financial institutions for the portion of the vehicle sales price financed by our customers. Trade receivables represent amounts due for parts and services sold, excluding amounts due from manufacturers, as well as receivables from finance organizations for commissions on the sale of finance and insurance products. Manufacturer receivables represent amounts due from manufacturers for holdbacks, rebates, incentives, floorplan assistance, and warranty claims. We evaluate our receivables for collectability based on past collection experience, current information, and reasonable and supportable forecasts.

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//326/tableOfContent + Details
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- References No definition available. + Details
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