Vehicles, net

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

The Company’s vehicles balance consists of the following (in thousands):


	September 30, 2023		December 31, 2022
Vehicles in use	$	123,569	$	134,202
Vehicles not yet in use	22,967		31,900
Spare parts	28,400		28,476
Less: Accumulated depreciation (1)	(67,880)		(94,490)
Vehicles, net	$	107,056	$	100,088

(1)Includes $54.3 million of impairment charges for vehicles and spare parts, net of assets no longer in service and consumption of spare parts of $7.8 million for the year ended December 31, 2022. There were no such impairments recorded during the nine months ended September 30, 2023.

Depreciation on Sharing vehicles was $9.4 million and $11.7 million for the three months ended September 30, 2023 and 2022, respectively, and $26.9 million and $39.0 million for the nine months ended September 30, 2023 and 2022, respectively.