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Revenue | 9 Months Ended
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Sep. 30, 2019
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE The following tables present the Company’s revenues disaggregated by revenue source and geographical segments (in millions):
|  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
|  | U.S. |  | U.K. |  | Brazil |  | Total |  | U.S. |  | U.K. |  | Brazil |  | Total
REVENUES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New vehicle retail sales |  | $ | 1,291.7 |  |  | $ | 290.7 |  |  | $ | 69.8 |  |  | $ | 1,652.2 |  |  | $ | 3,512.1 |  |  | $ | 911.6 |  |  | $ | 208.5 |  |  | $ | 4,632.2 |
Used vehicle retail sales |  | 657.6 |  |  | 189.3 |  |  | 22.8 |  |  | 869.7 |  |  | 1,877.6 |  |  | 586.8 |  |  | 63.4 |  |  | 2,527.8 |
Used vehicle wholesale sales |  | 45.9 |  |  | 35.0 |  |  | 4.4 |  |  | 85.3 |  |  | 133.0 |  |  | 127.1 |  |  | 13.3 |  |  | 273.4 |
Total new and used vehicle sales |  | 1,995.2 |  |  | 515.0 |  |  | 97.0 |  |  | 2,607.2 |  |  | 5,522.7 |  |  | 1,625.5 |  |  | 285.2 |  |  | 7,433.4 |
Parts and service sales (1) |  | 314.9 |  |  | 56.6 |  |  | 12.0 |  |  | 383.5 |  |  | 922.2 |  |  | 172.5 |  |  | 36.1 |  |  | 1,130.8 |
Finance, insurance and other, net (2) |  | 112.7 |  |  | 13.0 |  |  | 1.9 |  |  | 127.6 |  |  | 319.4 |  |  | 43.2 |  |  | 5.6 |  |  | 368.2 |
Total revenues |  | $ | 2,422.8 |  |  | $ | 584.6 |  |  | $ | 110.9 |  |  | $ | 3,118.3 |  |  | $ | 6,764.3 |  |  | $ | 1,841.2 |  |  | $ | 326.9 |  |  | $ | 8,932.4 |
|  | Three Months Ended September 30, 2018 |  | Nine Months Ended September 30, 2018
|  | U.S. |  | U.K. |  | Brazil |  | Total |  | U.S. |  | U.K. |  | Brazil |  | Total
REVENUES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New vehicle retail sales |  | $ | 1,196.6 |  |  | $ | 278.0 |  |  | $ | 64.9 |  |  | $ | 1,539.5 |  |  | $ | 3,433.4 |  |  | $ | 971.1 |  |  | $ | 204.2 |  |  | $ | 4,608.7 |
Used vehicle retail sales |  | 572.0 |  |  | 200.1 |  |  | 20.3 |  |  | 792.4 |  |  | 1,727.8 |  |  | 600.7 |  |  | 66.3 |  |  | 2,394.8 |
Used vehicle wholesale sales |  | 40.7 |  |  | 41.7 |  |  | 4.2 |  |  | 86.6 |  |  | 137.5 |  |  | 134.4 |  |  | 11.5 |  |  | 283.4 |
Total new and used vehicle sales |  | 1,809.3 |  |  | 519.8 |  |  | 89.4 |  |  | 2,418.5 |  |  | 5,298.7 |  |  | 1,706.2 |  |  | 282.0 |  |  | 7,286.9 |
Parts and service sales (1) |  | 289.3 |  |  | 53.8 |  |  | 11.4 |  |  | 354.5 |  |  | 862.6 |  |  | 165.0 |  |  | 34.5 |  |  | 1,062.1 |
Finance, insurance and other, net (2) |  | 101.6 |  |  | 12.3 |  |  | 2.2 |  |  | 116.1 |  |  | 295.2 |  |  | 42.3 |  |  | 6.0 |  |  | 343.5 |
Total revenues |  | $ | 2,200.2 |  |  | $ | 585.9 |  |  | $ | 103.0 |  |  | $ | 2,889.1 |  |  | $ | 6,456.5 |  |  | $ | 1,913.5 |  |  | $ | 322.5 |  |  | $ | 8,692.5 |
(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 $2.6 million and $6.8 million during the three months ended September 30, 2019 and 2018 and $14.8 million and $12.5 million during the nine months ended September 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 $19.9 million and $14.6 million as of September 30, 2019 and December 31, 2018, respectively, reflected in Prepaid expenses and other current assets and Other assets within the Condensed Consolidated Balance Sheets.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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