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Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Schedule of Receivables

Accounts receivable consisted of the following:

						December 31,
($ in millions)						2022						2021
Contracts in transit						$	432.5					$	304.9
Trade receivables						122.6						125.5
Vehicle receivables						105.4						106.6
Manufacturer receivables						151.9						120.5
Other receivables, current						3.8						31.7
						816.2						689.2
Less: Allowance for doubtful accounts						(3.1)						(3.7)
Total accounts receivable, net						$	813.1					$	685.5

			December 31,
($ in millions)			2022						2021
Asset-backed term funding			$	482.1					$	331.2
Warehouse facilities			1,383.9						279.6
Other managed receivables			390.9						217.5
Total finance receivables			2,256.9						828.3
Less: Allowance for finance receivable losses			(69.3)						(25.0)
Finance receivables, net			$	2,187.6					$	803.3

Schedule of Allowance for Credit Losses

The allowances for credit losses related to finance receivables consisted of the following changes during the period:

			Year Ended December 31,
($ in millions)			2022						2021
Allowance at beginning of period			$	25.0					$	12.9
Charge-offs			(62.0)						(16.6)
Recoveries			19.1						8.8
Provision expense			87.2						19.9
Allowance at end of period			$	69.3					$	25.0

Financing Receivable Credit Quality Indicators

Ending finance receivables (principal balances) by FICO score:

			As of December 31, 2022
			Year of Origination
($ in millions)			2022						2021						2020																								Total
<5991			$	63.0					$	30.3					$	4.8																							$	98.1
600-699			652.6						243.4						27.2																								923.2
700-774			575.9						97.9						10.0																								683.8
775+			369.5						21.5						4.5																								395.5
Total auto loan receivables			$	1,661.0					$	393.1					$	46.5																							2,100.6
Other finance receivables (1)																																							156.3
Total finance receivables																																							$	2,256.9

			As of December 31, 2021
			Year of Origination
($ in millions)			2021						2020																														Total
<5991			$	53.3					$	9.5																													$	62.8
600-699			386.5						50.0																														436.5
700-774			149.2						17.3																														166.5
775+			30.3						7.0																														37.3
Total auto loan receivables			$	619.3					$	83.8																													703.1
Other finance receivables (1)																																							125.2
Total finance receivables																																							$	828.3

(1)Includes legacy portfolio, loans that are originated with no FICO score available, and lease receivables.

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

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- References

No definition available.

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- Definition

Tabular disclosure of allowance for credit loss of financing receivable, classified as noncurrent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

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