Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

The following tables provide segment revenues and segment expenses that align with the segment-level information that is regularly provided to our CODM:


	Three Months Ended March 31, 2025
	Domestic		Import		Premium Luxury		AutoNation Finance		Total
Revenues from external customers:(1)
Franchised dealerships	$	1,717.4	$	2,047.3	$	2,576.5			$	6,341.2
Corporate and other									349.2
Total consolidated revenues									6,690.4
Less segment expenses:
Cost of sales:
New vehicle	834.6		1,004.8		1,233.7
Used vehicle	459.0		510.1		669.0
Parts and service	145.3		159.2		199.4
Other	—		2.8		(0.1)
Total cost of sales	1,438.9		1,676.9		2,102.0
Selling, general and administrative expenses:
Compensation	119.8		148.4		165.7
Advertising	16.7		21.6		15.8
Store overhead	45.4		53.5		75.5
Total selling, general, and administrative expenses	181.9		223.5		257.0
Depreciation and amortization	11.0		12.0		19.9
Floorplan interest expense	16.6		8.7		19.0
Other income(2)	—		—		(0.1)
Franchised dealerships - segment income	$	69.0	$	126.2	$	178.7			373.9

AutoNation Finance:
Interest fee income							$	41.9
Interest expense							(13.9)
Provision for credit losses							(18.9)
Direct expenses(3)							(9.0)

AutoNation Finance income (loss)							$	0.1	0.1
Corporate and other									(84.5)
Other interest expense									(42.3)
Other income (loss), net									(13.2)
Income before income taxes									$	234.0

(1) See Note 2 of the Notes to Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.


	Three Months Ended March 31, 2024
	Domestic		Import		Premium Luxury		AutoNation Finance		Total
Revenues from external customers:(1)
Franchised dealerships	$	1,756.7	$	1,979.5	$	2,414.9			$	6,151.1
Corporate and other									334.6
Total consolidated revenues									6,485.7
Less segment expenses:
Cost of sales:
New vehicle	773.5		942.1		1,067.7
Used vehicle	520.1		523.0		696.5
Parts and service	168.4		150.7		197.1
Other	—		3.0		0.1
Total cost of sales	1,462.0		1,618.8		1,961.4
Selling, general and administrative expenses:
Compensation	122.5		139.6		154.9
Advertising	15.2		18.8		12.2
Store overhead	51.2		53.8		76.5
Total selling, general, and administrative expenses	188.9		212.2		243.6
Depreciation and amortization	11.2		10.6		19.8
Floorplan interest expense	19.5		9.1		18.5
Other income(2)	(0.1)		—		—
Franchised dealerships - segment income	$	75.2	$	128.8	$	171.6			375.6

AutoNation Finance:
Interest fee income							$	21.8
Interest expense							(7.0)
Provision for credit losses							(10.2)
Direct expenses(3)							(9.6)

AutoNation Finance income (loss)							$	(5.0)	(5.0)
Corporate and other									(79.7)
Other interest expense									(44.6)
Other income (loss), net									7.0
Income before income taxes									$	253.3

(1) See Note 2 of the Notes to Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.

The following table provides information about segment assets:


Segment Assets(1)	March 31, 2025		December 31, 2024
Domestic	$	2,269.7	$	2,297.9
Imports	$	2,103.4	$	2,029.8
Premium Luxury	$	3,532.3	$	3,696.0
AutoNation Finance	$	1,471.0	$	1,114.4

(1) Excludes capital expenditures for active construction projects, which are reflected in segment assets upon completion of the related project.