Segment Information

6 Months Ended

Jun. 30, 2021

Segment Information

Segment Information

14. Segment Information

Our operations are organized by management into operating segments by line of business and geography. We have determined that we have four reportable segments as defined in generally accepted accounting principles for segment reporting: (i) Retail Automotive, consisting of our retail automotive dealership operations; (ii) Retail Commercial Truck, consisting of our retail commercial truck dealership operations in the U.S. and Canada; (iii) Other, consisting of our commercial vehicle and power systems distribution operations; and (iv) Non-Automotive Investments, consisting of our equity method investments in non-automotive operations which includes our investment in PTS. The Retail Automotive reportable segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and our retail automotive joint ventures. The individual dealership operations included in the Retail Automotive reportable segment represent six operating segments: Eastern, Central, and Western United States, Used Vehicle SuperCenters United States, International, and Used Vehicle SuperCenters International. These 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/or 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 and six months ended June 30, 2021, and 2020 follows:

Three Months Ended June 30

	Retail		Retail Commercial				Non-Automotive		Intersegment
	Automotive		Truck		Other		Investments		Elimination		Total
Revenues
2021	$	6,197.6	$	625.3	$	164.6	$	—	$	—	$	6,987.5
2020		3,153.5	$	399.2	$	98.4	$	—	$	—	$	3,651.1
Segment income
2021	$	313.0	$	39.7	$	8.4	$	102.6	$	—	$	463.7
2020		11.8	$	14.6	$	4.9	$	29.9	$	—	$	61.2

Six Months Ended June 30

	Retail		Retail Commercial				Non-Automotive		Intersegment
	Automotive		Truck		Other		Investments		Elimination		Total
Revenues
2021	$	11,404.5	$	1,060.0	$	296.8	$	—	$	—	$	12,761.3
2020		7,570.1	$	890.6	$	199.5	$	—	$	—	$	8,660.2
Segment income
2021	$	473.3	$	67.2	$	14.4	$	156.4	$	—	$	711.3
2020		53.1	$	28.3	$	7.8	$	43.5	$	—	$	132.7