Quarterly report pursuant to Section 13 or 15(d)

Inventories (Tables)

v3.24.3
Inventories (Tables)
9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Components of Inventories
Inventories consist of the following:
September 30, 2024 December 31, 2023
(In millions)
New vehicles $ 1,133.4  $ 799.6 
Used vehicles 498.1  505.7 
Service loaners (1) 178.6  172.7 
Parts, accessories and other 108.7  100.3 
Inventories $ 1,918.8  $ 1,578.3 

(1)Service loaner inventory includes approximately $30.3 million and $22.7 million as of September 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.