REVENUES

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUES

REVENUES

The following tables present the Company’s revenues disaggregated by its geographical segments (in millions):

	Three Months Ended March 31, 2024
	U.S.		U.K.		Total
New vehicle retail sales	$	1,799.8	$	382.8	$	2,182.6
Used vehicle retail sales	1,099.5		317.3		1,416.8
Used vehicle wholesale sales	79.9		26.2		106.0
Total new and used vehicle sales	2,979.2		726.2		3,705.4
Parts and service sales (1)	495.1		81.1		576.2
Finance, insurance and other, net (2)	171.4		17.5		188.9
Total revenues	$	3,645.7	$	824.8	$	4,470.5

	Three Months Ended March 31, 2023
	U.S.		U.K.		Total
New vehicle retail sales	$	1,608.6	$	347.1	$	1,955.7
Used vehicle retail sales	1,030.1		318.8		1,348.9
Used vehicle wholesale sales	82.4		29.6		112.0
Total new and used vehicle sales	2,721.0		695.6		3,416.6
Parts and service sales (1)	473.8		74.6		548.3
Finance, insurance and other, net (2)	147.6		17.5		165.1
Total revenues	$	3,342.4	$	787.7	$	4,130.0

(1) The Company has elected not to disclose revenues related to remaining performance obligations on its maintenance and repair services as the duration of these contracts is less than one year.

(2) Includes variable consideration recognized of $12.4 million and $4.9 million during the three months ended March 31, 2024 and 2023, respectively, relating to performance obligations satisfied in previous periods on the Company’s retrospective commission income contracts. Refer to Note 7. Receivables, Net and Contract Assets for the balance of the Company’s contract assets associated with revenues from the arrangement of financing and sale of service and insurance contracts.