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Business and Summary of Significant Accounting Policies and Estimates (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Property and Equipment

Property and equipment estimated useful lives are as follows:

		Estimated Useful Lives in Years
Land			—
Buildings		25 to 50
Leasehold improvements		Varies
Machinery and dealership equipment		7 to 20
Office equipment, furniture and fixtures		3 to 20
Company vehicles		3 to 5

The Company’s property and equipment consisted of the following (in millions):

		December 31,
		2019				2018
Land		$	571.3			$	487.6
Buildings		849.9				727.8
Leasehold improvements		217.8				189.2
Machinery and dealership equipment		138.2				125.9
Office equipment, furniture and fixtures		118.5				109.3
Company vehicles		15.1				12.3
Construction in progress		36.5				43.0
Total		1,947.3				1,695.2
Less: accumulated depreciation and amortization		400.2				347.3
Property and equipment, net		$	1,547.1			$	1,347.8

Schedules of Concentration of Risk

The following table sets forth manufacturers with greater than 10% of the Company’s total new vehicle unit sales during the year ended December 31, 2019:

Manufacturer	Percentage of New Vehicle Retail Units Sold
Toyota/Lexus	24.7 %
Volkswagen/Audi/Porsche/SEAT/SKODA	14.1 %
BMW/MINI	12.0 %
Honda/Acura	10.7 %
Ford/Lincoln	10.4 %

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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