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RECEIVABLES, NET AND CONTRACT ASSETS (Tables)
6 Months Ended
Jun. 30, 2024
Receivables [Abstract]  
Schedule of Accounts and Notes Receivable
The Company’s receivables, net and contract assets consisted of the following (in millions):
June 30, 2024December 31, 2023
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit$240.2 $259.2 
Vehicle receivables110.1 110.3 
Total contracts-in-transit and vehicle receivables350.3 369.5 
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 receivables31.2 35.6 
Other10.3 14.4 
Total accounts and notes receivable263.3 242.5 
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.