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REVENUES (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenues disaggregated by revenue source and geographical segment The following tables present the Company's revenues disaggregated by its geographical segments (in millions):
Year Ended December 31, 2022
U.S.U.K.Total
New vehicle retail sales$6,238.5 $1,214.0 $7,452.5 
Used vehicle retail sales4,531.5 1,141.8 5,673.3 
Used vehicle wholesale sales238.8 125.8 364.6 
Total new and used vehicle sales11,008.8 2,481.6 13,490.4 
Parts and service sales (1)
1,761.4 248.2 2,009.5 
Finance, insurance and other, net (2)
656.9 65.2 722.2 
Total revenues$13,427.1 $2,795.1 $16,222.1 
Year Ended December 31, 2021
U.S.U.K.Total
New vehicle retail sales$5,371.4 $1,133.3 $6,504.8 
Used vehicle retail sales3,356.3 1,082.5 4,438.8 
Used vehicle wholesale sales232.2 133.6 365.7 
Total new and used vehicle sales8,959.9 2,349.4 11,309.3 
Parts and service sales (1)
1,361.4 229.8 1,591.2 
Finance, insurance and other, net (2)
525.0 56.4 581.4 
Total revenues$10,846.3 $2,635.6 $13,481.9 
Year Ended December 31, 2020
U.S.U.K.Total
New vehicle retail sales$4,406.6 $1,021.8 $5,428.4 
Used vehicle retail sales2,348.5 707.2 3,055.6 
Used vehicle wholesale sales169.4 126.4 295.8 
Total new and used vehicle sales6,924.5 1,855.3 8,779.8 
Parts and service sales (1)
1,162.6 194.8 1,357.4 
Finance, insurance and other, net (2)
416.3 46.6 463.0 
Total revenues$8,503.4 $2,096.8 $10,600.2 
(1) The Company has elected 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 $30.8 million, $22.3 million and $27.6 million during the years ended December 31, 2022, 2021 and 2020, respectively, relating to performance obligations satisfied in previous periods on the Company’s retrospective commission income contracts. Refer to Arrangement of Vehicle Financing and the Sale of Service and Other Insurance Contracts section within this Note for further discussion of these arrangements. Refer to Note 8. Receivables, Net and Contract Assets for the balance of the Company’s contract assets associated with revenues from the arrangement of financing and sale of service and insurance contracts.
Changes in contract assets The change in contract assets during the year ended December 31, 2022, is reflected in the table below (in millions):
F&I, Net
Contract Assets, January 1, 2022
$37.5 
Changes related to revenue recognition during the period30.8 
Amounts invoiced during the period(20.5)
Contract Assets, December 31, 2022
$47.9