Revenue

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

The Company’s material revenue streams are the sale of new and used vehicles; arrangement of associated vehicle financing and the sale of service and other insurance contracts; the performance of vehicle maintenance and repair services (including collision restoration); and the sale of vehicle parts.

The following tables present the Company’s revenues disaggregated by revenue source and geographical segments (in thousands):



	Three Months Ended June 30, 2019								Six Months Ended June 30, 2019
	U.S.		U.K.		Brazil		Total		U.S.		U.K.		Brazil		Total
REVENUES
New vehicle retail sales	$	1,188,792	$	302,224	$	74,359	$	1,565,375	$	2,220,534	$	620,795	$	138,531	$	2,979,860
Used vehicle retail sales	625,452		194,007		19,437		838,896		1,219,870		397,568		40,661		1,658,099
Used vehicle wholesale sales	44,285		46,882		4,829		95,996		87,112		92,143		8,879		188,134
Total new and used vehicle sales	1,858,529		543,113		98,625		2,500,267		3,527,516		1,110,506		188,071		4,826,093
Parts and service sales ⁽¹⁾	309,645		56,360		12,162		378,167		607,247		115,926		24,168		747,341
Finance, insurance and other, net ⁽²⁾	110,506		14,961		1,788		127,255		206,699		30,160		3,772		240,631
Total revenues	$	2,278,680	$	614,434	$	112,575	$	3,005,689	$	4,341,462	$	1,256,592	$	216,011	$	5,814,065



	Three Months Ended June 30, 2018								Six Months Ended June 30, 2018
	U.S.		U.K.		Brazil		Total		U.S.		U.K.		Brazil		Total
REVENUES
New vehicle retail sales	$	1,146,882	$	338,635	$	70,053	$	1,555,570	$	2,236,835	$	693,039	$	139,286	$	3,069,160
Used vehicle retail sales	592,007		208,108		21,738		821,853		1,155,837		400,657		45,929		1,602,423
Used vehicle wholesale sales	42,781		46,527		3,546		92,854		96,783		92,712		7,388		196,883
Total new and used vehicle sales	1,781,670		593,270		95,337		2,470,277		3,489,455		1,186,408		192,603		4,868,466
Parts and service sales ⁽¹⁾	288,889		57,996		11,244		358,129		573,403		111,137		23,104		707,644
Finance, insurance and other, net ⁽²⁾	97,442		15,617		1,997		115,056		193,629		29,880		3,869		227,378
Total revenues	$	2,168,001	$	666,883	$	108,578	$	2,943,462	$	4,256,487	$	1,327,425	$	219,576	$	5,803,488

⁽¹⁾The Company has applied the optional exemption not to disclose revenue related to remaining performance obligations on our maintenance and repair services as the duration of these contracts is less than one year.

⁽²⁾Includes variable consideration recognized of $9.0 million and $2.2 million during the three months ended June 30, 2019 and 2018, and $12.2 million and $5.7 million during the six months ended June 30, 2019 and 2018, respectively, relating to performance obligations satisfied in previous periods on our retrospective commission income contracts.

Contract assets associated with revenue from the arrangement of financing and sale of service and insurance contracts totaled $20.3 million and $14.6 million as of June 30, 2019 and December 31, 2018, respectively, and are reflected in Prepaid expenses and other current assets within the Unaudited Condensed Consolidated Balance Sheets.