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Inventories, Net | 12 Months Ended
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Dec. 31, 2019
Inventory Disclosure [Abstract] |
INVENTORIES, NET | INVENTORIES, NET The Company’s inventories, net, consisted of the following (in millions):
|  | December 31,
|  | 2019 |  | 2018
New vehicles (1), (2) |  | $ | 1,328.6 |  |  | $ | 1,274.3 |
Used vehicles (1) |  | 346.7 |  |  | 347.4 |
Rental vehicles |  | 140.9 |  |  | 142.9 |
Parts, accessories and other (1) |  | 85.5 |  |  | 79.4 |
Total inventories, net |  | $ | 1,901.7 |  |  | $ | 1,844.1 |
(1) The lower of specific cost or net realizable value reserves reduced total inventory cost by $9.7 million and $8.5 million at December 31, 2019 and 2018, respectively. (2) Interest assistance from certain manufacturers reduced inventory costs by $10.7 million and $9.7 million at December 31, 2019 and 2018, respectively, and reduced cost of sales by $49.1 million, $47.3 million and $48.9 million for the years ended December 31, 2019, 2018 and 2017, respectively. Refer to Note 1 “Business and Summary of Significant Accounting Policies” for further discussion of the Company’s accounting policy for inventories.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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