REVENUE

12 Months Ended

Dec. 31, 2024

Revenue

Revenue

NOTE 14 – REVENUE

The table below identifies the Company’s revenues disaggregated by major customer type for the years ended December 31, 2024, 2023, and 2022 (in thousands):

	For the Year Ended
	December 31,
	2024		2023		2022
Sales to do-it-yourself customers	$	8,459,084	$	8,248,213	$	7,903,359
Sales to professional service provider customers		7,796,486		7,245,747		6,170,239
Other sales, sales adjustments, and sales from the acquired Vast Auto stores		452,909		318,290		336,262
Total sales	$	16,708,479	$	15,812,250	$	14,409,860

As of December 31, 2024 and 2023, the Company had recorded a deferred revenue liability of $6.8 million and $5.1 million, respectively, related to its loyalty program, which were included in “Other liabilities” on the accompanying Consolidated Balance Sheets.  During the year ended December 31, 2024, 2023, and 2022, the Company recognized $17.3 million, $13.9 million and $12.2 million, respectively, of revenue related to its loyalty program, which were included in “Sales” on the accompanying Consolidated Statements of Income.

See Note 11 for information concerning the expected costs associated with the Company’s assurance warranty obligations.