Receivables, Net

9 Months Ended

Sep. 30, 2017

Receivables [Abstract]

Receivables, Net

RECEIVABLES, NET

The components of receivables, net of allowance for doubtful accounts, are as follows:

	September 30, 2017			December 31, 2016
Trade receivables	$	147.3		$	147.6
Manufacturer receivables	222.9			234.9
Other	74.5			48.7
	444.7			431.2
Less: allowances for doubtful accounts	(5.1		)	(5.8		)
	439.6			425.4
Contracts-in-transit and vehicle receivables	461.4			595.9
Income taxes receivable (see Note 6)	—			11.6
Receivables, net	$	901.0		$	1,032.9

Trade receivables represent amounts due for parts and services that have been delivered or sold, excluding amounts due from manufacturers, as well as receivables from finance organizations for commissions on the sale of finance and insurance products. Manufacturer receivables represent amounts due from manufacturers for holdbacks, rebates, incentives, floorplan assistance, and warranty claims. Contracts-in-transit and vehicle receivables primarily represent receivables from financial institutions for the portion of the vehicle sales price financed by our customers.

We evaluate our receivables for collectability based on the age of receivables and past collection experience.