Segment Information

9 Months Ended

Sep. 30, 2014

Segment Information

Segment Information

12. Segment Information

Our operations are organized by management into operating segments by line of business and geography. We have determined that we have two reportable segments as defined in generally accepted accounting principles for segment reporting: (i) Retail, consisting of our automotive retail operations, and (ii) Other, consisting of our commercial vehicle operating segment, our car rental business operating segment and our investments in non-automotive retail operations operating segment. The Retail reportable segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and the retail automotive joint ventures. The individual dealership operations included in the Retail reportable segment have been grouped into four geographic operating segments: Eastern, Central, and Western United States and International. The geographic operating segments have been aggregated into one reportable segment as their operations (A) have similar economic characteristics (all are automotive dealerships having similar margins), (B) offer similar products and services (all sell new and used vehicles, service, parts and third-party finance and insurance products), (C) have similar target markets and customers (generally individuals) and (D) have similar distribution and marketing practices (all distribute products and services through dealership facilities that market to customers in similar fashions).

Revenue and segment income for the three and nine months ended September 30, 2014 and 2013 follows:

Three Months Ended September 30

	Retail		Other		Intersegment Elimination			Total
Revenues
2014	$	4,305.3	$	119.0	$	(6.4	)	$	4,417.9
2013	3,698.8		66.0		(5.7		)	3,759.1
Segment income
2014	100.8		15.2		0.2			116.2
2013	84.0		13.5		0.1			97.6

Nine Months Ended September 30

	Retail		Other		Intersegment Elimination			Total
Revenues
2014	$	12,566.0	$	359.7	$	(53.1	)	$	12,872.6
2013	10,678.1		88.0		(27.1		)	10,739.0
Segment income
2014	301.0		38.4		(0.2		)	339.2
2013	259.0		23.2		(0.3		)	281.9