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INVENTORIES

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following:

			As of
			March 31, 2025						December 31, 2024
			(In millions)
New vehicles			$	1,320.2					$	1,450.6
Used vehicles			359.8						382.1
Parts and accessories			142.4						146.0
Total inventories, net (a)			$	1,822.4					$	1,978.8

___________________________

(a) Inventories, net as of March 31, 2025 and December 31, 2024, excluded $75.3 million and $58.7 million classified as assets held for sale, respectively.

The lower of cost and net realizable value reserves reduced total inventory cost by $9.0 million and $9.7 million, respectively, as of March 31, 2025 and December 31, 2024. As of March 31, 2025 and December 31, 2024, certain automobile manufacturer incentives reduced new vehicle inventory cost by $12.9 million and $13.8 million, respectively, and reduced new vehicle cost of sales for the three months ended March 31, 2025 and 2024 by $29.2 million and $26.3 million, respectively.

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- References

No definition available.

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- 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

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