XML 37 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1

INVENTORIES

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following:

			As of December 31,
			2024						2023
			(In millions)
New vehicles			$	1,450.6					$	1,252.5
Used vehicles			382.1						373.1
Parts and accessories			146.0						142.7
Total inventories, net (a)			$	1,978.8					$	1,768.3

____________________________

(a) Inventories, net as of December 31, 2024 and December 31, 2023, excluded $58.7 million and $84.5 million classified as assets held for sale, respectively.

The lower of cost and net realizable value reserves reduced total inventory cost by $9.7 million and $8.8 million, respectively as of December 31, 2024 and 2023. As of December 31, 2024 and 2023, certain automobile manufacturer incentives reduced new vehicle inventory cost by $13.8 million and $8.3 million, respectively, and reduced new vehicle cost of sales for the years ended December 31, 2024, 2023 and 2022 by $113.4 million, $94.1 million and $91.5 million, respectively.

X

- References

No definition available.

+ Details

Name:	us-gaap_InventoryDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

+ Details

Name:	us-gaap_InventoryDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration