Quarterly report [Sections 13 or 15(d)]

Inventories (Tables)

v3.25.1
Inventories (Tables)
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Components of Inventories
Inventories consist of the following:
March 31, 2025 December 31, 2024
(In millions)
New vehicles $ 1,079.2  $ 1,146.0 
Used vehicles 502.1  514.4 
Service loaners (1) 185.7  184.9 
Parts, accessories and other 109.7  112.4 
Inventories $ 1,876.7  $ 1,957.7 

(1)Service loaner inventory includes approximately $31.2 million and $31.7 million as of March 31, 2025 and December 31, 2024, 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.