Receivables, Net

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Receivables, Net

RECEIVABLES, NET

The components of receivables, net of allowance for doubtful accounts, are as follows:

	June 30, 2014			December 31, 2013
Trade receivables	$	109.0		$	110.9
Manufacturer receivables	153.2			172.9
Other	35.4			36.9
	297.6			320.7
Less: Allowances	(3.3		)	(4.0		)
	294.3			316.7
Contracts-in-transit and vehicle receivables	370.6			424.2
Income tax refundable (see Note 6)	26.4			—
Receivables, net	$	691.3		$	740.9

Trade receivables represent amounts due for parts and services that have been sold or delivered, 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.