RECEIVABLES, NET AND CONTRACT ASSETS

9 Months Ended

Sep. 30, 2023

Receivables [Abstract]

RECEIVABLES, NET AND CONTRACT ASSETS

RECEIVABLES, NET AND CONTRACT ASSETS The Company’s receivables, net and contract assets consisted of the following (in millions):

	September 30, 2023		December 31, 2022
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit	$	196.5	$	188.2
Vehicle receivables	103.5		90.9
Total contracts-in-transit and vehicle receivables	300.0		279.0
Less: allowance for doubtful accounts	0.3		0.6
Total contracts-in-transit and vehicle receivables, net	$	299.7	$	278.5
Accounts and notes receivable, net:
Manufacturer receivables	$	119.4	$	94.6
Parts and service receivables	69.7		68.0
F&I receivables	28.7		30.0
Other	10.8		12.1
Total accounts and notes receivable	228.6		204.7
Less: allowance for doubtful accounts	5.1		5.5
Total accounts and notes receivable, net	$	223.5	$	199.2
Within Other current assets and Other long-term assets:
Total contract assets (1)	$	55.2	$	47.9

(1) No allowance for doubtful accounts was recorded for contract assets as of September 30, 2023 or December 31, 2022.