4 unchanged sentences
We periodically receive floor plan assistance from certain automobile manufacturers, which is primarily accounted for as a reduction in our new vehicle inventory cost.
−Removed: Floor plan assistance reduced our cost of sales for the years ended December 31, 2024, 2023, and 2022, by $99.7 million, $87.0 million and $85.8 million, respectively.
+Added: Floor plan assistance reduced our cost of sales for the years ended December 31,
+Added: 2025, 2024, and 2023, by $113.4 million, $99.7 million and $87.0 million, respectively.
We cannot provide assurance as to the future amount of floor plan assistance and these amounts may be negatively impacted due to future changes in interest rates.
1 unchanged sentence
All of our interest rate swaps qualify for cash flow hedge accounting treatment and do not contain any ineffectiveness.
−Removed: As of December 31, 2024 we had six interest rate swap agreements.
+Added: As of December 31, 2025 we had four interest rate swap agreements.
These swaps are designed to provide a hedge against changes in variable rate cash flows regarding fluctuations in SOFR.
−Removed: All interest rate swap agreements with an inception date of 2021 and prior were amended on June 1, 2022 to provide a hedge against changes in variable rate cash flows regarding fluctuations in SOFR as compared to the previous benchmark rate of one-month LIBOR.
−Removed: The revisions to the interest rate swap agreements did not impact our hedge accounting.
The following table provides information on the attributes of each swap as of December 31, 2025:
−Removed: Inception Date Notional Value at Inception Notional Value Notional Value at Maturity Maturity Date
−Removed: (In millions) (In millions) (In millions)
+Added: Inception Date Notional Principal at Inception Notional Value as of December 31, 2025 Notional Principal at Maturity Maturity Date
+Added: (In millions)
January 2022 $ 300.0 $ 243.8 $ 228.8 December 2026
2 unchanged sentences
July 2020 $ 93.5 $ 65.8 $ 50.6 December 2028
−Removed: July 2020 $ 85.5 $ 62.7 $ 57.3 November 2025
−Removed: June 2015 $ 100.0 $ 53.5 $ 53.1 February 2025
These interest rate swaps are marked to market at each reporting date and any unrealized gains or losses are included in accumulated other comprehensive income and reclassified to other interest expense in the same period or periods during which the hedged transactions affect earnings.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.