Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

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Inventories (Tables)
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Components of Inventories
Inventories consist of the following:
June 30, 2024 December 31, 2023
(In millions)
New vehicles $ 1,173.9  $ 799.6 
Used vehicles 490.5  505.7 
Service loaners (1) 182.1  172.7 
Parts, accessories and other 105.8  100.3 
Inventories $ 1,952.3  $ 1,578.3 

(1)Service loaner inventory includes approximately $32.0 million and $22.7 million as of June 30, 2024 and December 31, 2023, respectively, related to vehicles that are leased directly from the manufacturer on a short-term basis. A corresponding liability is included within notes payable - floor plan - trade on the accompanying unaudited condensed consolidated balance sheets.