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Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Property and Equipment

Property and equipment estimated useful lives are as follows:

						Estimated Useful Lives in Years
Buildings and leasehold improvements									25 to 50
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,
						2020						2019
Land						$	619.8					$	571.3
Buildings and leasehold improvements						1,107.1						1,067.6
Machinery and dealership equipment						145.8						138.2
Office equipment, furniture and fixtures						124.1						118.5
Company vehicles						15.0						15.1
Construction in progress						56.6						36.5
Total						2,068.4						1,947.3
Less: accumulated depreciation and amortization						460.2						400.2
Property and equipment, net						$	1,608.2					$	1,547.1

Schedules of Concentration of Risk

The following table sets forth sales of manufacturers that comprised 10% or greater of the Company’s total new vehicle unit sales during the year ended December 31, 2020:

Manufacturer			Percentage of New Vehicle Retail Units Sold
Toyota/Lexus			23.9 %
Volkswagen/Audi/Porsche/SEAT/SKODA			14.9 %
BMW/MINI			11.4 %
Ford/Lincoln			10.5 %

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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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