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Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Schedule of Finance Receivables, Net

Accounts receivable consisted of the following:

			December 31,
($ in millions)			2024						2023
Contracts in transit			$	497.4					$	559.7
Trade receivables			166.5						135.7
Vehicle receivables			243.7						191.4
Manufacturer receivables			306.3						216.5
Other receivables, current			25.4						9.3
Total accounts receivable			1,239.3						1,112.6
Less: Allowance for doubtful accounts			(2.3)						(7.1)
Total accounts receivable, net			$	1,237.0					$	1,105.5

Finance Receivables, net

			December 31,
($ in millions)			2024						2023
Asset-backed term funding			$	2,604.9					$	2,146.5
Warehouse facilities			1,052.0						749.3
Other managed receivables			314.2						452.9
Total finance receivables			3,971.1						3,348.7
Accrued interest and fees			27.5						17.6
Less: Allowance for credit losses			(123.4)						(106.4)
Finance receivables, net			$	3,875.2					$	3,259.9

Schedule of Finance Receivable by FICO Score

Finance Receivables by FICO Score

			As of December 31, 2024
			Year of Origination
($ in millions)			2024						2023						2022						2021						2020												Total
<5991			$	53.0					$	39.7					$	22.4					$	9.9					$	1.4											$	126.4
600-699			534.1						406.2						298.8						90.2						8.3												1,337.6
700-774			560.2						402.5						284.9						39.5						3.2												1,290.3
775+			528.1						324.9						176.6						9.1						1.3												1,040.0
Total auto loan receivables			$	1,675.4					$	1,173.3					$	782.7					$	148.7					$	14.2											3,794.3
Other finance receivables (1)																																							176.8
Total finance receivables																																							$	3,971.1

			As of December 31, 2023
			Year of Origination
($ in millions)			2023						2022						2021						2020																		Total
<5991			$	62.2					$	39.0					$	17.6					$	2.4																	$	121.2
600-699			586.6						463.6						152.7						16.1																		1,219.0
700-774			568.1						422.5						63.9						5.9																		1,060.4
775+			490.3						263.5						14.7						2.7																		771.2
Total auto loan receivables			$	1,707.2					$	1,188.6					$	248.9					$	27.1																	3,171.8
Other finance receivables (1)																																							176.9
Total finance receivables																																							$	3,348.7

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

Schedule of Financing Receivable, Noncurrent, Allowance for Credit Loss

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

			Year Ended December 31,
($ in millions)			2024						2023
Allowance for credit losses at beginning of period			$	106.4					$	69.3
Charge-offs			(152.7)						(110.0)
Recoveries			63.3						47.6
Initial allowance for purchased credit-deteriorated loans			—						4.6
Sold loans			(0.3)						(3.9)
Provision expense			106.7						98.8
Allowance for credit losses at end of period			$	123.4					$	106.4

See Note 1 – Summary of Significant Accounting Policies for additional information on the allowance for credit losses related to finance receivables.

Charge-off Activity by Year of Origination

			Year Ended December 31,
($ in millions)			2024						2023
2024			$	15.3					$	—
2023			62.8						14.2
2022			53.5						61.9
2021			17.0						29.2
2020			1.5						2.8
Other finance receivables			2.6						1.9
Total charge-offs			$	152.7					$	110.0

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://fasb.org/us-gaap/role/ref/otherTransitionRef
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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

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-Topic 210
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-Name Accounting Standards Codification
-Section S99
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- Definition

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

+ References

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