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REVENUES (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Revenues disaggregated by revenue source and geographical segment | The following tables present the Company’s revenues disaggregated by its geographical segments (in millions):
|  | Year Ended December 31, 2024
|  | U.S. |  | U.K. |  | Total
New vehicle retail sales |  | $ | 8,110.1 |  |  | $ | 1,862.3 |  |  | $ | 9,972.4 |
Used vehicle retail sales |  | 4,550.7 |  |  | 1,629.2 |  |  | 6,179.9 |
Used vehicle wholesale sales |  | 323.8 |  |  | 138.6 |  |  | 462.4 |
Total new and used vehicle sales |  | 12,984.6 |  |  | 3,630.1 |  |  | 16,614.7 |
Parts and service sales (1) |  | 2,052.7 |  |  | 438.3 |  |  | 2,491.0 |
Finance, insurance and other, net (2) |  | 735.6 |  |  | 93.0 |  |  | 828.7 |
Total revenues |  | $ | 15,772.9 |  |  | $ | 4,161.5 |  |  | $ | 19,934.3 |
|  | Year Ended December 31, 2023
|  | U.S. |  | U.K. |  | Total
New vehicle retail sales |  | $ | 7,433.6 |  |  | $ | 1,341.0 |  |  | $ | 8,774.6 |
Used vehicle retail sales |  | 4,458.7 |  |  | 1,234.8 |  |  | 5,693.5 |
Used vehicle wholesale sales |  | 314.4 |  |  | 127.1 |  |  | 441.4 |
Total new and used vehicle sales |  | 12,206.6 |  |  | 2,702.9 |  |  | 14,909.5 |
Parts and service sales (1) |  | 1,933.3 |  |  | 289.0 |  |  | 2,222.3 |
Finance, insurance and other, net (2) |  | 674.3 |  |  | 67.6 |  |  | 741.9 |
Total revenues |  | $ | 14,814.2 |  |  | $ | 3,059.5 |  |  | $ | 17,873.7 |
|  | Year Ended December 31, 2022
|  | U.S. |  | U.K. |  | Total
New vehicle retail sales |  | $ | 6,238.5 |  |  | $ | 1,214.0 |  |  | $ | 7,452.5 |
Used vehicle retail sales |  | 4,531.5 |  |  | 1,141.8 |  |  | 5,673.3 |
Used vehicle wholesale sales |  | 238.8 |  |  | 125.8 |  |  | 364.6 |
Total new and used vehicle sales |  | 11,008.8 |  |  | 2,481.6 |  |  | 13,490.4 |
Parts and service sales (1) |  | 1,761.4 |  |  | 248.2 |  |  | 2,009.5 |
Finance, insurance and other, net (2) |  | 656.9 |  |  | 65.2 |  |  | 722.2 |
Total revenues |  | $ | 13,427.1 |  |  | $ | 2,795.1 |  |  | $ | 16,222.1 |
(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 $30.6 million, $24.1 million and $30.8 million during the years ended December 31, 2024, 2023 and 2022, respectively, relating to performance obligations satisfied in previous periods on the Company’s retrospective commission income contracts. Refer to Arrangement of Vehicle Financing and the Sale of Service and Other Insurance Contracts section within this Note for further discussion of these arrangements. Refer to Note 9. 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.
Changes in contract assets | The change in contract assets during the year ended December 31, 2024, is reflected in the table below (in millions):
|  | F&I, Net
Contract Assets, January 1, 2024 |  | $ | 55.0 |
Changes related to revenue recognition during the period |  | 30.6 |
Amounts invoiced during the period |  | (26.6) |
Contract Assets, December 31, 2024 |  | $ | 59.0 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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