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REVENUE RECOGNITION
 9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
The Company satisfies performance obligations either over time or at a point in time. Revenue is recognized at the time the related performance obligation is satisfied by transferring a promised good or performing a service to a customer. Sales and other taxes we collect concurrent with revenue-producing activities are excluded from revenue.
Disaggregation of Revenue
The following table summarizes revenue from contracts with customers for the three and nine months ended September 30, 2020 and 2019:
For the Three Months Ended September 30,
20202019
(In millions)
Revenue:
   New vehicle$957.9 $986.9 
   Used vehicle retail507.4 505.0 
   Used vehicle wholesale62.1 41.9 
New and used vehicle1,527.4 1,533.8 
  Sale of vehicle parts and accessories36.8 36.7 
  Vehicle repair and maintenance services200.4 190.9 
Parts and services237.2 227.6 
Finance and insurance, net80.8 80.6 
Total revenue$1,845.4 $1,842.0 
For the Nine Months Ended September 30,
20202019
(In millions)
Revenue:
   New vehicle$2,541.8 $2,823.9 
   Used vehicle retail1,366.0 1,449.8 
   Used vehicle wholesale144.2 140.6 
New and used vehicle4,052.0 4,414.3 
  Sale of vehicle parts and accessories99.5 109.7 
  Vehicle repair and maintenance services528.5 560.0 
Parts and services628.0 669.7 
Finance and insurance, net217.8 232.3 
Total revenue$4,897.8 $5,316.3 
Contract Asset
Changes in contract assets during the period are reflected in the table below. Contract assets related to vehicle repair and maintenance services are transferred to receivables when a repair order is completed and invoiced to the customer.
Vehicle Repair and Maintenance ServicesFinance and Insurance, netTotal
(In millions)
Contract Assets (Current), January 1, 2020$4.8 $12.3 $17.1 
Transferred to receivables from contract assets recognized at the beginning of the period(4.8)(4.1)(8.9)
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period3.7 4.6 8.3 
Contract Assets (Current), March 31, 2020$3.7 $12.8 $16.5 
Transferred to receivables from contract assets recognized at the beginning of the period(3.7)(4.0)(7.7)
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period3.3 4.0 7.3 
Contract Assets (Current), June 30, 20203.3 12.8 16.1 
Transferred to receivables from contract assets recognized at the beginning of the period(3.3)(3.2)(6.5)
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period6.8 3.9 10.7 
Contract Assets (Current), September 30, 2020$6.8 $13.5 $20.3