Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information

Segment Information

12. Segment Information

Our operations are organized by management into operating segments by line of business and geography. We have determined that we have three reportable segments as defined in generally accepted accounting principles for segment reporting: (i) Retail Automotive, consisting of retail automotive dealership operations, (ii) Retail Commercial Truck, consisting of our U.S. retail commercial truck dealership operations, and (iii) Other, consisting of our commercial vehicle distribution operations and our investments in non-automotive retail operations. The Retail Automotive reportable segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and the retail automotive joint ventures. The individual dealership operations included in the Retail Automotive reportable segment have been grouped into four geographic operating segments: Eastern, Central, and Western United States and International. The geographic operating segments have been aggregated into one reportable segment as their operations (A) have similar economic characteristics (all are automotive dealerships having similar margins), (B) offer similar products and services (all sell new and used vehicles, service, parts and third-party finance and insurance products), (C) have similar target markets and customers (generally individuals) and (D) have similar distribution and marketing practices (all distribute products and services through dealership facilities that market to customers in similar fashions). Revenue and segment income for the three months ended March 31, 2015 and 2014 follows:

Three Months Ended March 31

	Retail Automotive		Retail Commercial Truck		Other		Intersegment Elimination			Total
Revenues
2015	$	4,175.0	$	192.7	$	103.7	$	(0.3	)	$	4,471.1
2014	3,919.2		—		96.7		(0.7		)	4,015.2
Segment income
2015	$	103.1	$	7.4	$	5.4	$	—		$	115.9
2014	93.9		0.6		7.8		—			102.3