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Receivables, Net
 6 Months Ended
Jun. 30, 2013
Receivables [Abstract]  
Receivables, Net
RECEIVABLES, NET
The components of receivables, net of allowance for doubtful accounts, are as follows:
 
June 30,
2013
 
December 31,
2012
Trade receivables
$
104.6

 
$
97.6

Manufacturer receivables
138.4

 
159.9

Other
39.5

 
39.4

 
282.5

 
296.9

Less: Allowances
(3.4
)
 
(3.4
)
 
279.1

 
293.5

Contracts-in-transit and vehicle receivables
329.5

 
404.9

Income tax refundable (see Note 6)
12.8

 
—

Receivables, net
$
621.4

 
$
698.4



Trade receivables represent amounts due for parts and services that have been delivered or sold, excluding amounts due from manufacturers, as well as receivables from finance organizations for commissions on the sale of financing products. Manufacturer receivables represent receivables from manufacturers including amounts due for holdbacks, rebates, incentives, floorplan assistance, and warranty claims. Contracts-in-transit and vehicle receivables primarily represent receivables from financial institutions for the portion of the vehicle sales price financed by our customers.
We evaluate our receivables for collectability based on the age of receivables and past collection experience.