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INVENTORY AND VEHICLE FLOOR PLAN NOTES PAYABLE (Tables)
 12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current
Inventory, net of reserves, consisted of the following as of December 31:
($ in millions)20242023
New powersports vehicles$184.9 $265.3 
Pre-owned powersports vehicles34.3 50.8 
Parts, accessories and other21.4 31.4 
Total inventory$240.6 $347.5 
Schedule of Debt
Floor plan notes payable consisted of the following as of December 31:
($ in millions)20242023
Vehicle floor plan notes payable (trade)$73.5 $101.9 
Vehicle floor plan notes payable (non-trade)(1)
136.4 189.4 
Total floor plan debt$209.9 $291.3 
(1) Balance at December 31, 2023 included borrowings under a floor plan line for pre-owned inventory with J. P. Morgan that was paid off on October 23, 2024 and discharged on November 15, 2024. Balance as of December 31, 2024 included a related-party pre-owned inventory floor plan line (see Note 15).
Long-term debt consisted of the following as of December 31:
($ in millions)20242023
Term Loan Credit Agreement due August 2026(1)
$227.1 $248.7 
6.75% convertible senior notes due January 2025(2)
38.8 38.8 
RumbleOn Finance line of credit(3)
— 12.2 
Notes payable for fleet vehicles and other(4)
1.5 2.1 
Total principal amount267.4 301.8 
Less: Unamortized discount and debt issuance costs(16.3)(27.5)
Total debt251.1 274.3 
Less: Current portion of long-term debt(39.1)(35.6)
Long-term debt$212.0 $238.7 
(1) Interest payments are required quarterly. Fair value as of December 31, 2024 was $243.8 million.
(2) This debt was fully repaid on January 2, 2025. Fair value at December 31, 2024 was $40.0 million, which is essentially principal plus accrued interest.
(3) This debt was fully repaid on January 2, 2024. Interest rate at December 31, 2023 was 12.8%.
(4) Carrying value approximates fair value due to the nature of this debt.