REVENUES (Tables)

6 Months Ended

Jun. 30, 2021

Revenue from Contract with Customer [Abstract]

Schedule of revenues disaggregated by revenue source and geographical segment

The following tables present the Company’s revenues disaggregated by its geographical segments (in millions):


	Three Months Ended June 30, 2021								Six Months Ended June 30, 2021
	U.S.		U.K.		Brazil		Total		U.S.		U.K.		Brazil		Total
New vehicle retail sales	$	1,504.4	$	301.2	$	49.8	$	1,855.3	$	2,750.4	$	564.3	$	83.9	$	3,398.7
Used vehicle retail sales	882.9		300.9		11.8		1,195.6		1,579.4		492.5		22.5		2,094.4
Used vehicle wholesale sales	61.2		32.5		2.6		96.4		111.6		60.4		4.6		176.6
Total new and used vehicle sales	2,448.4		634.6		64.3		3,147.3		4,441.4		1,117.2		111.1		5,669.7


Parts and service sales (1)	332.6		50.3		9.2		392.1		628.9		106.8		17.1		752.8
Finance, insurance and other, net (2)	143.9		15.7		1.4		161.0		259.0		26.3		2.8		288.0
Total revenues	$	2,924.9	$	700.7	$	74.8	$	3,700.4	$	5,329.3	$	1,250.3	$	130.9	$	6,710.5


	Three Months Ended June 30, 2020								Six Months Ended June 30, 2020
	U.S.		U.K.		Brazil		Total		U.S.		U.K.		Brazil		Total
New vehicle retail sales	$	915.7	$	127.2	$	19.8	$	1,062.7	$	1,904.1	$	423.5	$	77.3	$	2,404.8
Used vehicle retail sales	540.9		92.8		7.5		641.2		1,111.2		281.6		27.4		1,420.3
Used vehicle wholesale sales	30.5		15.3		2.9		48.7		77.3		51.1		6.7		135.2
Total new and used vehicle sales	1,487.1		235.3		30.1		1,752.5		3,092.6		756.2		111.4		3,960.3


Parts and service sales (1)	254.2		21.8		5.9		282.0		558.9		78.3		15.5		652.6
Finance, insurance and other, net (2)	89.8		6.4		0.6		96.7		187.2		19.7		2.3		209.2
Total revenues	$	1,831.1	$	263.5	$	36.6	$	2,131.2	$	3,838.7	$	854.2	$	129.1	$	4,822.0

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

(2) Includes variable consideration recognized of $7.7 million and $5.4 million during the three months ended June 30, 2021 and 2020, respectively, and $13.7 million and $9.3 million during the six months ended June 30, 2021 and 2020, respectively, relating to performance obligations satisfied in previous periods on the Company’s retrospective commission income contracts. Refer to Note 7. Receivables, Net and Contract Assets for additional information on the Company’s contract assets associated with revenues from the arrangement of financing and sale of service and insurance contracts.