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Finance Receivables and Obligations Collateralized by Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2025

Financing Receivable, after Allowance for Credit Loss, Current [Abstract]

Schedule of quantitative information about delinquencies, credit losses less recoveries ("net credit losses") and components of securitized financial assets and other related assets managed

The following tables present quantitative information about delinquencies, credit loss charge-offs less recoveries ("net credit losses") and components of securitized financial assets and other related assets managed. For purposes of this illustration, delinquent receivables are defined as receivables 31 days or more past due.

			March 31, 2025												Net Credit Losses Three Months Ended March 31, 2025
			Total Amount of:
(in millions)			Receivables						Receivables Delinquent
Floorplan receivables			$	2,324.3					$	12.6					$	8.3
Other loans			3.5						3.5						—
Total receivables managed			$	2,327.8					$	16.1					$	8.3
Accrued interest and fees			25.9
Allowance for credit losses			(20.5)
Finance receivables, net			$	2,333.2

			December 31, 2024												Net Credit Losses Three Months Ended March 31, 2024
			Total Amount of:
(in millions)			Receivables						Receivables Delinquent
Floorplan receivables			$	2,310.5					$	14.5					$	15.5
Other loans			3.5						3.5						—
Total receivables managed			$	2,314.0					$	18.0					$	15.5
Accrued interest and fees			28.5
Allowance for credit losses			(19.8)
Finance receivables, net			$	2,322.7

Summary of the changes in the allowance for credit losses and doubtful accounts

The following is a summary of the changes in the allowance for credit losses related to finance receivables (in millions):

			March 31, 2025						March 31, 2024
Allowance for Credit Losses
Balance at December 31			$	19.8					$	23.0
Provision for credit losses			9.0						13.6
Recoveries			1.9						1.6
Less charge-offs			(10.2)						(17.1)
Other			—						(0.1)
Balance at end of period			$	20.5					$	21.0

Schedule of obligations collateralized by finance receivables

Obligations collateralized by finance receivables consisted of the following:

			March 31, 2025						December 31, 2024
Obligations collateralized by finance receivables, gross			$	1,676.8					$	1,679.1
Unamortized securitization issuance costs			(17.3)						(18.8)
Obligations collateralized by finance receivables			$	1,659.5					$	1,660.3

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

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- Definition

Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (b)(1)
-SubTopic 30
-Topic 860
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A

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X

- Definition

Tabular disclosure of transferred financial assets that continue to be recognized and other financial assets that it manages together with them. Includes, but is not limited to, delinquencies and credit losses, after recoveries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 860
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481326/860-20-50-4

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