Revenue Information

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue Information and Deferred Sales Commissions

Revenue Information and Deferred Sales Commissions

Deferred Sales Commissions

Deferred sales commissions within other assets were $2.2 million and $1.5 million as of December 31, 2023 and 2022, respectively. For the years ended December 31, 2023, 2022 and 2021, amortization expense for deferred sales commissions was $1.1 million, $1.2 million and $1.6 million, respectively. There was no impairment loss in relation to the costs capitalized in any period.

Contract Balances

The Company’s contract asset balance for estimated variable consideration to be received upon the occurrence of subsequent vehicle sales is included within other current assets and is distinguished from accounts receivable in that these amounts are conditional upon subsequent sales and not only upon the passage of time. Substantially all of the contract asset balance of $0.9 million and $0.9 million at January 1, 2023 and 2022, respectively, was transferred to accounts receivable during the years ended December 31, 2023 and 2022 as vehicle sales occurred, with no significant changes in the estimate. A contract asset of $0.9 million and $0.9 million was recorded as of December 31, 2023 and 2022, respectively, for leads delivered where consideration to be received was still conditional upon subsequent vehicle sales.

Disaggregation of Revenue

The Company disaggregates revenue into three revenue streams: dealer revenue, OEM incentives revenue, and other revenue. Prior to adoption of the new revenue standard, dealer revenue and OEM incentives revenue had been disclosed together as “transaction revenue.” The following table presents the Company’s revenue categories during the periods presented (in thousands):

	Year Ended December 31,
	2023		2022		2021
Dealer revenue	$	143,239	$	156,485	$	222,000
OEM incentives revenue	14,958		4,390		8,676
Other revenue	509		649		1,022
Total revenues	$	158,706	$	161,524	$	231,698