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REVENUE RECOGNITION (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenue from contracts with customers for the three and six months ended June 30, 2024 and 2023 consists of the following:
For the Three Months Ended June 30,
20242023
(In millions)
Revenue:
   New vehicle$2,164.9 $1,942.7 
   Used vehicle retail1,167.2 1,013.3 
   Used vehicle wholesale140.9 94.0 
New and used vehicle3,472.9 3,050.0 
  Sale of vehicle parts and accessories125.2 123.9 
  Vehicle repair and maintenance services455.6 402.2 
Parts and services580.9 526.1 
  Finance and insurance, net192.4 166.3 
Total revenue$4,246.2 $3,742.5 
For the Six Months Ended June 30,
20242023
(In millions)
Revenue:
   New vehicle$4,229.1 $3,710.4 
   Used vehicle retail2,358.5 2,034.9 
   Used vehicle wholesale306.4 198.9 
New and used vehicle6,894.1 5,944.2 
  Sale of vehicle parts and accessories258.9 250.0 
  Vehicle repair and maintenance services912.3 791.7 
Parts and service1,171.2 1,041.7 
Finance and insurance, net382.1 338.9 
Total revenue$8,447.4 $7,324.8 
Schedule of Contract with Customer, Assets Changes in contract assets during the period are reflected in the table below. Contract assets related to vehicle repair and maintenance services are transferred to receivables when a repair order is completed and invoiced to the customer. Certain incremental sales commissions payable to obtain an F&I revenue contract with a customer have been capitalized and are amortized using the same pattern of recognition applicable to the associated F&I revenue contract.
Vehicle Repair and Maintenance ServicesFinance and Insurance, netDeferred Sales CommissionsTotal
(In millions)
Balance as of January 1, 2024$20.5 $13.8 $68.4 $102.7 
Transferred to receivables from contract assets recognized at the beginning of the period(20.5)(2.2)— (22.7)
Amortization of costs to obtain a contract with a customer— — (4.1)(4.1)
Costs incurred to obtain a contract with a customer— — 10.6 10.6 
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period18.9 1.9 — 20.8 
Balance as of March 31, 2024$18.9 $13.5 $74.9 $107.3 
Contract Assets (current), March 31, 202418.9 13.5 20.2 52.6 
Contract Assets (long-term), March 31, 2024— — 54.7 54.7 
Transferred to receivables from contract assets recognized at the beginning of the period(18.9)(2.6)— (21.5)
Amortization of costs to obtain a contract with a customer— — (4.6)(4.6)
Costs incurred to obtain a contract with a customer— — 10.4 10.4 
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period19.7 2.4 — 22.1 
Balance as of June 30, 2024$19.7 $13.3 $80.7 $113.7 
Contract Assets (current), June 30, 202419.7 13.3 21.7 54.7 
Contract Assets (long-term), June 30, 2024— — 59.0 59.0