INVENTORIES

12 Months Ended

Dec. 31, 2019

Inventories consisted of the following:



	As of December 31,
	2019		2018
	(In millions)
New vehicles	$	802.6	$	867.2
Used vehicles	140.1		158.9
Parts and accessories	42.3		41.5
Total inventories	$	985.0	$	1,067.6

The lower of cost and net realizable value reserves reduced total inventory cost by $6.1 million as of December 31, 2019 and December 31, 2018. In addition to inventories shown above, we had $67.7 million of inventories classified as Assets held for sale on the accompanying Consolidated Balance Sheet as of December 31, 2019, associated with pending dealership disposals. As of December 31, 2019 and December 31, 2018, certain automobile manufacturer incentives reduced new vehicle inventory cost by $9.6 million and $10.1 million, respectively, and reduced new vehicle cost of sales from continuing operations for the years ended December 31, 2019, 2018, and 2017 by $45.7 million, $42.4 million, and $40.1 million, respectively.