INVENTORY

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

Inventory, net of reserves, consisted of the following as of December 31:

($ in millions)	2023		2022
New powersports vehicles	$	265.3	$	175.0
Pre-owned powersports vehicles	50.8		115.4
Parts, accessories and other	31.4		33.1
Inventory	$	347.5	$	323.5

New inventory costs are generally reduced by manufacturer holdbacks, incentives, floor plan assistance, and non-reimbursement-based manufacturer advertising rebates, while the related vehicle floor plan payables are reflective of the gross cost of the vehicle.

The Company relies on its floorplan vehicle financing credit lines (“Floorplan Lines”) to finance new and pre-owned powersports vehicle inventory at its retail locations. Inventory serves as collateral under floor plan notes payable borrowings. The inventory balance in its entirety also serves as collateral under the Oaktree Credit Facility and the Indenture. Refer to Note 9 for further detail.