XML 41 R27.htm IDEA: XBRL DOCUMENT
v3.23.2

Auto Loans Receivable (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Receivables [Abstract] |
Auto Loans Receivable | The components of auto loans receivable, net of unearned discounts and allowances for expected credit losses, at June 30, 2023, and December 31, 2022, are as follows:
| June 30, 2023 |  | December 31, 2022
Total auto loans receivable | $ | 420.8 |  |  | $ | 377.0 |
Accrued interest and fees | 5.0 |  |  | 4.4 |
Deferred loan origination costs | 1.0 |  |  | 0.5 |
Less: unearned discounts | (18.2) |  |  | (21.3) |
Less: allowances for expected credit losses | (63.1) |  |  | (57.5) |
Auto loans receivable, net | $ | 345.5 |  |  | $ | 303.1 |
Financing Receivable Credit Quality Indicators | The following table presents auto loans receivable as of June 30, 2023, disaggregated by major credit program tier:
| Fiscal Year of Origination(1) |  |
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior to 2019 |  | Total
Credit Program Tier: |  |  |  |  |  |  |  |  |  |  |  |  |
Platinum | $ | 32.1 |  |  | $ | 18.1 |  |  | $ | 10.3 |  |  | $ | 4.7 |  |  | $ | 5.0 |  |  | $ | 1.1 |  |  | $ | 71.3 |
Gold | 34.7 |  |  | 44.0 |  |  | 23.6 |  |  | 9.5 |  |  | 7.2 |  |  | 1.8 |  |  | 120.8 |
Silver | 40.1 |  |  | 49.0 |  |  | 23.1 |  |  | 7.5 |  |  | 5.1 |  |  | 0.9 |  |  | 125.7 |
Bronze | 22.0 |  |  | 31.7 |  |  | 12.9 |  |  | 5.2 |  |  | 2.4 |  |  | 0.5 |  |  | 74.7 |
Copper | 5.7 |  |  | 13.7 |  |  | 5.7 |  |  | 1.8 |  |  | 1.1 |  |  | 0.3 |  |  | 28.3 |
Total auto loans receivable | $ | 134.6 |  |  | $ | 156.5 |  |  | $ | 75.6 |  |  | $ | 28.7 |  |  | $ | 20.8 |  |  | $ | 4.6 |  |  | $ | 420.8 |
Current-period gross write-offs | $ | 0.6 |  |  | $ | 17.0 |  |  | $ | 8.5 |  |  | $ | 2.5 |  |  | $ | 1.5 |  |  | $ | 0.5 |  |  | $ | 30.6 |
(1) Classified based on credit grade assigned when customer was initially approved for financing.
Financing Receivable, Allowance for Credit Loss | The following is a rollforward of our allowance for expected credit losses for auto loans receivable for the six months ended June 30, 2023:
|  | Six Months Ended
|  | June 30, 2023
Balance as of beginning of year |  | $ | 57.5 |
Provision for credit losses |  | 22.7 |
Write-offs |  | (30.6) |
Recoveries(1) |  | 13.5 |
Balance as of June 30, 2023 |  | $ | 63.1 |
(1) Net of costs incurred to recover vehicle collateral.
Financing Receivable, Past Due | The following table presents past due auto loans receivable, as of June 30, 2023, and December 31, 2022:
| Age Analysis of Past-Due Auto Loans Receivable as of
| June 30, 2023 |  | December 31, 2022
31-60 Days | $ | 19.2 |  |  | $ | 13.0 |
61-90 Days | 4.8 |  |  | 4.1
Greater than 90 Days | 2.6 |  |  | 2.6
Total Past Due | $ | 26.6 |  |  | $ | 19.7 |
Current | 394.2 |  |  | 357.3
Total | $ | 420.8 |  |  | $ | 377.0 |

X
- Definition Tabular disclosure of the components of auto loans receivable, net of unearned discounts and allowances for expected credit losses. + References No definition available. + Details
Name: | an_AutoLoansReceivableTableTextBlock
Namespace Prefix: | an_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + 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 -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 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration