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INVENTORY AND VEHICLE FLOOR PLAN NOTES PAYABLE
 9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORY AND VEHICLE FLOOR PLAN NOTES PAYABLE INVENTORY AND VEHICLE FLOOR PLAN NOTES PAYABLE
($ in millions)September 30,
2025		December 31,
2024
New powersports vehicles$199.8 $184.9 
Pre-owned powersports vehicles42.9 34.3 
Parts, accessories and other23.3 21.4 
Inventory, net$266.0 $240.6 

Floor plan notes payable as of September 30, 2025 and December 31, 2024 were as follows:
($ in millions)September 30,
2025		December 31,
2024
Floor plans notes payable - trade$104.2 $73.5 
Floor plans notes payable - non-trade(1)
131.1 136.4 
Floor plan notes payable$235.3 $209.9 
(1) Includes amounts borrowed under related-party pre-owned inventory floor plan line. See Note 10.
Floor plan notes payable - trade reflects amounts borrowed to finance the purchase of specific new and, to a lesser extent, pre-owned vehicle inventory with corresponding manufacturers' captive finance subsidiaries (“trade lenders”). Floor plan notes payable-non-trade represents amounts borrowed to finance the purchase of specific new and pre-owned vehicle inventories with non-trade lenders. Changes in vehicle floor plan notes payable-trade are reported as operating cash flows and changes in floor plan notes payable-non-trade are reported as financing cash flows in the accompanying Consolidated Statements of Cash Flows.
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 vehicle floor plan payables may be higher than the inventory cost due to the timing of the sale of a vehicle and payment of the related liability. Vehicle floor plan facilities are due on demand, but in the case of new vehicle inventories, are generally paid within a few business days after the related vehicles are sold.
New vehicle floor plan facilities generally utilize Secured Overnight Financing Rate (“SOFR”)-based interest rates, which ranged between 7.8% and 19.5% as of September 30, 2025. Pre-owned vehicle floor plan facilities utilize prime or SOFR-based interest rates, which ranged between 8.0% and 10.8% as of September 30, 2025. The aggregate capacity to finance our inventory under the new and pre-owned vehicle floor plan facilities was $366.4 million as of September 30, 2025.
Inventory serves as collateral under floor plan notes payable borrowings. The inventory balance in its entirety also serves as collateral under the Credit Agreement. Refer to Note 4 for further detail.