Receivables, Net

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Receivables, Net

RECEIVABLES, NET

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

	March 31, 2018			December 31, 2017
Trade receivables	$	145.3		$	162.6
Manufacturer receivables	217.6			253.3
Other	39.5			44.9
	402.4			460.8
Less: allowances for doubtful accounts	(4.5		)	(5.5		)
	397.9			455.3
Contracts-in-transit and vehicle receivables	485.2			655.7
Receivables, net	$	883.1		$	1,111.0

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.