RECEIVABLES, NET AND CONTRACT ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Accounts and Notes Receivable

The Company’s receivables, net and contract assets consisted of the following (in millions):

	March 31, 2024		December 31, 2023
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit	$	234.0	$	259.2
Vehicle receivables	108.2		110.3
Total contracts-in-transit and vehicle receivables	342.2		369.5
Less: allowance for doubtful accounts	0.4		0.3
Total contracts-in-transit and vehicle receivables, net	$	341.7	$	369.2
Accounts and notes receivable, net:
Manufacturer receivables	$	156.0	$	128.3
Parts and service receivables	68.1		64.3
F&I receivables	29.9		35.6
Other	9.5		14.4
Total accounts and notes receivable	263.5		242.5
Less: allowance for doubtful accounts	3.8		4.2
Total accounts and notes receivable, net	$	259.7	$	238.4
Within Other current assets and Other long-term assets:
Total contract assets (1)	$	56.4	$	55.0

(1) No allowance for doubtful accounts was recorded for contract assets as of March 31, 2024 or December 31, 2023.