Segment Information

9 Months Ended

Sep. 30, 2020

Segment Information

Segment Information

15. Segment Information

Our operations are organized by management into operating segments by line of business and geography. We have determined that we have four reportable segments as defined in generally accepted accounting principles for segment reporting: (i) Retail Automotive, consisting of our retail automotive dealership operations; (ii) Retail Commercial Truck, consisting of our retail commercial truck dealership operations in the U.S. and Canada; (iii) Other, consisting of our commercial vehicle and power systems distribution operations and other non-automotive consolidated operations; and (iv) Non-Automotive Investments, consisting of our equity method investments in non-automotive operations. The Retail Automotive reportable segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and our retail automotive joint ventures. The individual dealership operations included in the Retail Automotive reportable segment represent six operating segments: Eastern, Central, and Western United States, Stand-Alone Used United States, International, and Stand-Alone Used International. These 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/or 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, 2020, and 2019 follows:

Three Months Ended September 30

	Retail		Retail Commercial				Non-Automotive		Intersegment
	Automotive		Truck		Other		Investments		Elimination		Total
Revenues
2020	$	5,258.0	$	590.9	$	122.7	$	—	$	—	$	5,971.6
2019		5,155.4	$	692.3	$	119.9	$	—	$	—	$	5,967.6
Segment income
2020	$	215.4	$	23.4	$	8.3	$	64.5	$	—	$	311.6
2019		79.7	$	30.7	$	5.9	$	42.1	$	—	$	158.4

Nine Months Ended September 30

	Retail		Retail Commercial				Non-Automotive		Intersegment
	Automotive		Truck		Other		Investments		Elimination		Total
Revenues
2020	$	12,828.1	$	1,481.5	$	322.2	$	—	$	—	$	14,631.8
2019		15,442.9	$	1,451.4	$	393.5	$	—	$	—	$	17,287.8
Segment income
2020	$	268.5	$	51.7	$	16.1	$	108.0	$	—	$	444.3
2019		262.7	$	65.5	$	18.0	$	105.9	$	—	$	452.1