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INVENTORIES AND FLOOR PLAN NOTES PAYABLE
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORIES AND FLOOR PLAN NOTES PAYABLE INVENTORIES AND FLOOR PLAN NOTES PAYABLE
The components of inventories, net, consisted of the following:
(In millions)
June 30, 2026
December 31, 2025
New vehicles
$3,731.0
$3,586.1
Used vehicles
2,523.8
2,266.7
Parts and accessories
262.0
266.8
Total inventories
$6,516.8
$6,119.6
Vehicle inventory costs are generally reduced by manufacturer holdbacks and incentives, while the related floor plan
notes payable are reflective of the gross cost of the vehicle.
(In millions)
June 30, 2026
December 31, 2025
Floor plan notes payable
$1,986.2
$1,992.6
Floor plan notes payable: non-trade
4,401.2
3,016.3
Total floor plan debt
$6,387.4
$5,008.9