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REVENUES (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 |  |  | Six Months Ended June 30, 2024
|  | U.S. |  | U.K. |  | Total |  |  | U.S. |  | U.K. |  | Total
New vehicle retail sales |  | $ | 2,009.5 |  |  | $ | 354.6 |  |  | $ | 2,364.2 |  |  |  | $ | 3,809.4 |  |  | $ | 737.4 |  |  | $ | 4,546.8 |
Used vehicle retail sales |  | 1,151.9 |  |  | 301.3 |  |  | 1,453.2 |  |  |  | 2,251.4 |  |  | 618.6 |  |  | 2,870.0 |
Used vehicle wholesale sales |  | 78.4 |  |  | 25.9 |  |  | 104.3 |  |  |  | 158.3 |  |  | 52.0 |  |  | 210.3 |
Total new and used vehicle sales |  | 3,239.9 |  |  | 681.8 |  |  | 3,921.7 |  |  |  | 6,219.1 |  |  | 1,408.0 |  |  | 7,627.1 |
Parts and service sales (1) |  | 497.4 |  |  | 77.1 |  |  | 574.5 |  |  |  | 992.6 |  |  | 158.2 |  |  | 1,150.8 |
Finance, insurance and other, net (2) |  | 183.9 |  |  | 16.3 |  |  | 200.1 |  |  |  | 355.2 |  |  | 33.8 |  |  | 389.0 |
Total revenues |  | $ | 3,921.2 |  |  | $ | 775.2 |  |  | $ | 4,696.4 |  |  |  | $ | 7,566.9 |  |  | $ | 1,600.0 |  |  | $ | 9,166.9 |
|  | Three Months Ended June 30, 2023 |  |  | Six Months Ended June 30, 2023
|  | U.S. |  | U.K. |  | Total |  |  | U.S. |  | U.K. |  | Total
New vehicle retail sales |  | $ | 1,915.5 |  |  | $ | 327.6 |  |  | $ | 2,243.2 |  |  |  | $ | 3,524.1 |  |  | $ | 674.8 |  |  | $ | 4,198.9 |
Used vehicle retail sales |  | 1,139.9 |  |  | 310.7 |  |  | 1,450.6 |  |  |  | 2,170.0 |  |  | 629.5 |  |  | 2,799.5 |
Used vehicle wholesale sales |  | 79.8 |  |  | 32.7 |  |  | 112.5 |  |  |  | 162.1 |  |  | 62.3 |  |  | 224.4 |
Total new and used vehicle sales |  | 3,135.2 |  |  | 671.0 |  |  | 3,806.2 |  |  |  | 5,856.2 |  |  | 1,366.6 |  |  | 7,222.8 |
Parts and service sales (1) |  | 491.2 |  |  | 70.8 |  |  | 562.0 |  |  |  | 965.0 |  |  | 145.3 |  |  | 1,110.3 |
Finance, insurance and other, net (2) |  | 173.2 |  |  | 17.1 |  |  | 190.3 |  |  |  | 320.8 |  |  | 34.6 |  |  | 355.4 |
Total revenues |  | $ | 3,799.6 |  |  | $ | 758.9 |  |  | $ | 4,558.5 |  |  |  | $ | 7,142.0 |  |  | $ | 1,546.5 |  |  | $ | 8,688.5 |
(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 $5.6 million and $7.6 million during the three months ended June 30, 2024 and 2023, respectively, and $18.0 million and $12.5 million during the six months ended June 30, 2024 and 2023, 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 the balance of the Company’s contract assets associated with revenues from the arrangement of financing and sale of service and insurance contracts.

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