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RECEIVABLES, NET AND CONTRACT ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Accounts and notes receivable

The Company’s receivables, net and contract assets consisted of the following (in millions):

						December 31,
						2024						2023
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit						$	250.3					$	259.2
Vehicle receivables						110.6						110.3
Total contracts-in-transit and vehicle receivables						360.9						369.5
Less: allowance for doubtful accounts						0.8						0.3
Total contracts-in-transit and vehicle receivables, net						$	360.1					$	369.2
Accounts and notes receivables, net:
Manufacturer receivables						$	177.4					$	128.3
Parts and service receivables						80.6						64.3
F&I receivables						39.7						35.6
Other						11.7						14.4
Total accounts and notes receivables						309.5						242.5
Less: allowance for doubtful accounts						6.4						4.2
Total accounts and notes receivables, net						$	303.0					$	238.4
Within Other current assets and Other long-term assets:
Total contract assets (1)						$	59.0					$	55.0

(1) See further discussion of the Company’s Contract Assets balance at Note 2. Revenues. No allowance for doubtful accounts was recorded for contract assets as of December 31, 2024, or December 31, 2023.

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- References

No definition available.

+ Details

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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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