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RECEIVABLES, NET AND CONTRACT ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
Schedule of Accounts and Notes Receivable | The Company’s receivables, net and contract assets consisted of the following (in millions):
|  | September 30, 2024 |  | December 31, 2023
Contracts-in-transit and vehicle receivables, net: |  |  |  |
Contracts-in-transit |  | $ | 236.2 |  |  | $ | 259.2 |
Vehicle receivables |  | 97.4 |  |  | 110.3 |
Total contracts-in-transit and vehicle receivables |  | 333.6 |  |  | 369.5 |
Less: allowance for doubtful accounts |  | 0.7 |  |  | 0.3 |
Total contracts-in-transit and vehicle receivables, net |  | $ | 332.9 |  |  | $ | 369.2 |
Accounts and notes receivable, net: |  |  |  |
Manufacturer receivables |  | $ | 182.5 |  |  | $ | 128.3 |
Parts and service receivables |  | 85.9 |  |  | 64.3 |
F&I receivables |  | 33.1 |  |  | 35.6 |
Other |  | 9.7 |  |  | 14.4 |
Total accounts and notes receivable |  | 311.3 |  |  | 242.5 |
Less: allowance for doubtful accounts |  | 5.4 |  |  | 4.2 |
Total accounts and notes receivable, net |  | $ | 305.9 |  |  | $ | 238.4 |
Within Other current assets and Other long-term assets: |  |  |  |
Total contract assets (1) |  | $ | 58.9 |  |  | $ | 55.0 |
(1) No allowance for doubtful accounts was recorded for contract assets as of September 30, 2024 or December 31, 2023.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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