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Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of income statement or balance sheet information by reportable segment
Retail
Automotive
Retail Commercial
Truck
OtherNon-Automotive
Investments
Total
Revenues
2025$27,474.6 $3,411.3 $922.6 $— $31,808.5 
202427,565.8 3,521.1 777.9 — 31,864.8 
202326,598.2 3,684.3 634.0 — 30,916.5 
Cost of sales
2025$22,992.2 $2,869.0 $730.3 $— $26,591.5 
202423,111.4 2,936.6 599.7 — 26,647.7 
202322,208.4 3,091.9 468.8 — 25,769.1 
Selling, general, and administrative expenses:
Personnel expenses
2025$1,921.3 $254.7 $75.0 $— $2,251.0 
20241,875.6 264.3 72.2 — 2,212.1 
20231,817.5 253.6 72.3 — 2,143.4 
Advertising expenses
2025$127.7 $3.4 $1.8 $— $132.9 
2024133.3 3.2 1.8 — 138.3 
2023134.9 3.3 1.8 — 140.0 
Rent & related expenses
2025$406.9 $26.8 $15.1 $— $448.8 
2024393.0 25.7 13.9 — 432.6 
2023364.0 25.8 12.9 — 402.7 
Other expenses (1)
2025$858.8 $49.6 $22.9 $— $931.3 
2024825.9 53.4 23.4 — 902.7 
2023784.6 57.3 25.7 — 867.6 
Depreciation
2025$150.1 $16.2 $6.0 $— $172.3 
2024140.7 15.1 5.5 — 161.3 
2023127.4 11.6 4.7 — 143.7 
Floor plan interest expense
2025$145.9 $16.9 $7.8 $— $170.6 
2024164.2 19.2 9.7 — 193.1 
2023118.2 14.5 2.6 — 135.3 
Other interest expense
2025$76.8 $— $14.8 $— $91.6 
202482.1 — 5.7 — 87.8 
202390.3 1.3 1.0 — 92.6 
Equity in earnings of affiliates
2025$0.6 $— $— $192.3 $192.9 
20243.1 — — 197.6 200.7 
20233.9 — — 289.8 293.7 
Segment income
2025 (2)$847.8 $174.7 $48.9 $192.3 $1,263.7 
2024842.7 203.6 46.0 197.6 1,289.9 
2023 (3)916.1 225.0 44.2 289.8 1,475.1 
__________________________
(1)Other expenses within SG&A primarily consist of information technology expenses, customer service vehicle loaner expenses, vehicle delivery and preparation expenses, utility expenses, and various other miscellaneous expenses. These expenses are individually not significant to the performance of our segments and are not regularly used by the CODM on a disaggregated basis for purposes of evaluating segment profit or loss.
(2)Retail automotive segment income includes a gain of $52.3 million from the sale of a retail automotive franchises in the U.S.
(3)Retail automotive segment income includes $40.7 million of goodwill impairment charges in 2023 related to our former Used Vehicle Dealerships International reporting unit.
Total capital expenditures by reportable segment are set forth in the table below. As segment assets are not regularly provided to or used by the CODM to measure business performance or allocate resources, total segment assets are not presented.
Retail
Automotive
Retail Commercial
Truck
OtherNon-Automotive
Investments
Total
Capital expenditures
2025$252.1 $67.3 $5.2 $— $324.6 
2024331.4 41.0 5.4 — 377.8 
2023317.6 60.1 8.3 — 386.0 
Schedule of revenue and long-lived assets by geographic area
The following table presents revenue and long-lived assets (all non-current assets except goodwill, other indefinite-lived intangible assets, and operating lease right-of-use assets) by geographic area:
Year Ended December 31,
202520242023
Revenue from external customers:
U.S.$19,578.8 $19,124.7 $18,575.6 
U.K.8,334.4 9,322.0 9,240.4 
Other International3,895.3 3,418.1 3,100.5 
Total revenue from external customers$31,808.5 $31,864.8 $30,916.5 
Long-lived assets, net:
U.S.$3,751.1 $3,561.0 
U.K.1,029.4 975.5 
Other International480.9 438.5 
Total long-lived assets$5,261.4 $4,975.0