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Receivables, Net
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Receivables, Net
RECEIVABLES, NET
The components of receivables, net of allowances for credit losses, are as follows:
 
March 31,
2020
 
December 31,
2019
Contracts-in-transit and vehicle receivables
$
189.0

 
$
506.0

Trade receivables
117.0

 
136.4

Manufacturer receivables
172.3

 
234.5

Income taxes receivable (see Note 8)
—

 
1.5

Other
35.3

 
38.8

 
513.6

 
917.2

Less: allowances for credit losses
(0.7
)
 
(0.5
)
Receivables, net
$
512.9

 
$
916.7



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 finance and insurance products. Manufacturer receivables represent amounts due from manufacturers 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 past collection experience, current information, and reasonable and supportable forecasts.