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RECEIVABLES, NET AND CONTRACT ASSETS | 6 Months Ended
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Jun. 30, 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):
|  | June 30, 2024 |  | December 31, 2023
Contracts-in-transit and vehicle receivables, net: |  |  |  |
Contracts-in-transit |  | $ | 240.2 |  |  | $ | 259.2 |
Vehicle receivables |  | 110.1 |  |  | 110.3 |
Total contracts-in-transit and vehicle receivables |  | 350.3 |  |  | 369.5 |
Less: allowance for doubtful accounts |  | 0.4 |  |  | 0.3 |
Total contracts-in-transit and vehicle receivables, net |  | $ | 349.9 |  |  | $ | 369.2 |
Accounts and notes receivable, net: |  |  |  |
Manufacturer receivables |  | $ | 152.9 |  |  | $ | 128.3 |
Parts and service receivables |  | 68.9 |  |  | 64.3 |
F&I receivables |  | 31.2 |  |  | 35.6 |
Other |  | 10.3 |  |  | 14.4 |
Total accounts and notes receivable |  | 263.3 |  |  | 242.5 |
Less: allowance for doubtful accounts |  | 3.8 |  |  | 4.2 |
Total accounts and notes receivable, net |  | $ | 259.5 |  |  | $ | 238.4 |
Within Other current assets and Other long-term assets: |  |  |  |
Total contract assets (1) |  | $ | 57.9 |  |  | $ | 55.0 |
(1) No allowance for doubtful accounts was recorded for contract assets as of June 30, 2024 or December 31, 2023.

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- Definition The entire disclosure for claims held for amounts due to 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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- References No definition available. + Details
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