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RECEIVABLES, NET AND CONTRACT ASSETS | 3 Months Ended
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Mar. 31, 2024
Receivables [Abstract] |
RECEIVABLES, NET AND CONTRACT ASSETS | RECEIVABLES, NET AND CONTRACT ASSETS The Company’s receivables, net and contract assets consisted of the following (in millions):
|  | March 31, 2024 |  | December 31, 2023
Contracts-in-transit and vehicle receivables, net: |  |  |  |
Contracts-in-transit |  | $ | 234.0 |  |  | $ | 259.2 |
Vehicle receivables |  | 108.2 |  |  | 110.3 |
Total contracts-in-transit and vehicle receivables |  | 342.2 |  |  | 369.5 |
Less: allowance for doubtful accounts |  | 0.4 |  |  | 0.3 |
Total contracts-in-transit and vehicle receivables, net |  | $ | 341.7 |  |  | $ | 369.2 |
Accounts and notes receivable, net: |  |  |  |
Manufacturer receivables |  | $ | 156.0 |  |  | $ | 128.3 |
Parts and service receivables |  | 68.1 |  |  | 64.3 |
F&I receivables |  | 29.9 |  |  | 35.6 |
Other |  | 9.5 |  |  | 14.4 |
Total accounts and notes receivable |  | 263.5 |  |  | 242.5 |
Less: allowance for doubtful accounts |  | 3.8 |  |  | 4.2 |
Total accounts and notes receivable, net |  | $ | 259.7 |  |  | $ | 238.4 |
Within Other current assets and Other long-term assets: |  |  |  |
Total contract assets (1) |  | $ | 56.4 |  |  | $ | 55.0 |
(1) No allowance for doubtful accounts was recorded for contract assets as of March 31, 2024 or December 31, 2023.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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- References No definition available. + Details
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