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Consolidated Statements of Income - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
TOTAL REVENUE $ 25,844,000,000 $ 20,390,000,000 $ 21,335,700,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 20,891,400,000 16,823,600,000 17,812,700,000
Gross Profit:      
TOTAL GROSS PROFIT 4,952,600,000 3,566,400,000 3,523,000,000
Selling, general, and administrative expenses 2,876,200,000 2,422,000,000 2,558,600,000
Depreciation and amortization 193,300,000 198,900,000 180,500,000
Goodwill impairment 0 318,300,000 0
Franchise rights impairment 0 57,500,000 9,600,000
Other (income) expense, net (19,700,000) 6,500,000 (49,300,000)
OPERATING INCOME 1,902,800,000 563,200,000 823,600,000
Non-operating income (expense) items:      
Floorplan interest expense (25,700,000) (63,800,000) (138,400,000)
Other interest expense (93,000,000.0) (93,700,000) (106,700,000)
Other income, net 24,300,000 144,400,000 34,100,000
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,808,400,000 550,100,000 612,600,000
Income tax provision 435,100,000 168,300,000 161,800,000
NET INCOME FROM CONTINUING OPERATIONS 1,373,300,000 381,800,000 450,800,000
Loss from discontinued operations, net of income taxes (300,000) (200,000) (800,000)
Net income $ 1,373,000,000 $ 381,600,000 $ 450,000,000.0
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) $ 18.51 $ 4.32 $ 5.00
Discontinued operations (in dollars per share) 0 0 (0.01)
Net income (in dollars per share) $ 18.50 $ 4.32 $ 4.99
Weighted average common shares outstanding, basic (in shares) 74.2 88.3 90.1
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) $ 18.31 $ 4.30 $ 4.98
Discontinued operations (in dollars per share) 0 0 (0.01)
Net income (in dollars per share) $ 18.31 $ 4.30 $ 4.97
Weighted average common shares outstanding (in shares) 75.0 88.7 90.5
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 62.6 83.5 89.3
New Vehicle [Member]      
Revenue:      
TOTAL REVENUE $ 12,081,700,000 $ 10,418,600,000 $ 11,166,500,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 10,880,100,000 9,834,500,000 10,662,600,000
Gross Profit:      
TOTAL GROSS PROFIT 1,201,600,000 584,100,000 503,900,000
Used Vehicle [Member]      
Revenue:      
TOTAL REVENUE 8,638,800,000 5,601,300,000 5,466,500,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 7,950,700,000 5,142,300,000 5,098,500,000
Gross Profit:      
TOTAL GROSS PROFIT 688,100,000 459,000,000.0 368,000,000.0
Parts and Service [Member]      
Revenue:      
TOTAL REVENUE 3,706,600,000 3,257,400,000 3,572,100,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 2,033,900,000 1,796,600,000 1,949,500,000
Gross Profit:      
TOTAL GROSS PROFIT 1,672,700,000 1,460,800,000 1,622,600,000
Finance and Insurance, Net [Member]      
Revenue:      
TOTAL REVENUE 1,384,500,000 1,059,300,000 1,023,300,000
Gross Profit:      
TOTAL GROSS PROFIT 1,384,500,000 1,059,300,000 1,023,300,000
Product and Service, Other [Member]      
Revenue:      
TOTAL REVENUE 32,400,000 53,400,000 107,300,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 26,700,000 50,200,000 102,100,000
Gross Profit:      
TOTAL GROSS PROFIT $ 5,700,000 $ 3,200,000 $ 5,200,000