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REVENUES | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUES The following tables present the Company’s revenues disaggregated by its geographical segments (in millions):
|  | Three Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2024
|  | U.S. |  | U.K. |  | Total |  |  | U.S. |  | U.K. |  | Total
New vehicle retail sales |  | $ | 2,016.8 |  |  | $ | 550.7 |  |  | $ | 2,567.6 |  |  |  | $ | 5,826.2 |  |  | $ | 1,288.2 |  |  | $ | 7,114.3 |
Used vehicle retail sales |  | 1,158.4 |  |  | 498.2 |  |  | 1,656.5 |  |  |  | 3,409.7 |  |  | 1,116.7 |  |  | 4,526.5 |
Used vehicle wholesale sales |  | 82.9 |  |  | 40.3 |  |  | 123.2 |  |  |  | 241.2 |  |  | 92.3 |  |  | 333.5 |
Total new and used vehicle sales |  | 3,258.0 |  |  | 1,089.2 |  |  | 4,347.3 |  |  |  | 9,477.1 |  |  | 2,497.2 |  |  | 11,974.4 |
Parts and service sales (1) |  | 528.4 |  |  | 131.6 |  |  | 660.0 |  |  |  | 1,521.0 |  |  | 289.8 |  |  | 1,810.8 |
Finance, insurance and other, net (2) |  | 184.6 |  |  | 29.4 |  |  | 214.1 |  |  |  | 539.9 |  |  | 63.2 |  |  | 603.1 |
Total revenues |  | $ | 3,971.1 |  |  | $ | 1,250.3 |  |  | $ | 5,221.4 |  |  |  | $ | 11,538.0 |  |  | $ | 2,850.2 |  |  | $ | 14,388.3 |
|  | Three Months Ended September 30, 2023 |  |  | Nine Months Ended September 30, 2023
|  | U.S. |  | U.K. |  | Total |  |  | U.S. |  | U.K. |  | Total
New vehicle retail sales |  | $ | 1,920.2 |  |  | $ | 344.4 |  |  | $ | 2,264.5 |  |  |  | $ | 5,444.3 |  |  | $ | 1,019.1 |  |  | $ | 6,463.4 |
Used vehicle retail sales |  | 1,223.5 |  |  | 336.1 |  |  | 1,559.6 |  |  |  | 3,393.5 |  |  | 965.6 |  |  | 4,359.0 |
Used vehicle wholesale sales |  | 80.1 |  |  | 34.6 |  |  | 114.7 |  |  |  | 242.2 |  |  | 96.9 |  |  | 339.2 |
Total new and used vehicle sales |  | 3,223.8 |  |  | 715.0 |  |  | 3,938.8 |  |  |  | 9,080.0 |  |  | 2,081.7 |  |  | 11,161.6 |
Parts and service sales (1) |  | 494.4 |  |  | 72.5 |  |  | 566.9 |  |  |  | 1,459.4 |  |  | 217.9 |  |  | 1,677.3 |
Finance, insurance and other, net (2) |  | 181.5 |  |  | 17.9 |  |  | 199.4 |  |  |  | 502.3 |  |  | 52.5 |  |  | 554.8 |
Total revenues |  | $ | 3,899.7 |  |  | $ | 805.5 |  |  | $ | 4,705.1 |  |  |  | $ | 11,041.7 |  |  | $ | 2,352.0 |  |  | $ | 13,393.7 |
(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 $6.8 million and $7.2 million during the three months ended September 30, 2024 and 2023, respectively, and $24.8 million and $19.7 million during the nine months ended September 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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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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