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Other Income
 12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
Other Income and Other Expense Disclosure [Text Block] OTHER INCOME
Other income consists of the following:
(In millions)For the Years Ended December 31,
202220212020
Ancillary product profit sharing$60.6 $40.2 $33.5 
Remarketing fees13.4 7.8 7.1 
Interest6.6 1.2 2.9 
Dealer enrollment fees1.7 1.9 3.0 
Dealer support products and services1.2 1.3 1.9 
Other(0.1)0.7 1.2 
Total$83.4 $53.1 $49.6 

Ancillary product profit sharing consists of payments received from TPPs based upon the performance of vehicle service contracts and GAP contracts, and is recognized as income over the life of the vehicle service contracts and GAP contracts.

Remarketing fees consist of fees retained from the sale of repossessed vehicles by Vehicle Remarketing Services, Inc. (“VRS”), our wholly owned subsidiary that is responsible for remarketing vehicles for Credit Acceptance. VRS coordinates vehicle repossessions with a nationwide network of repossession contractors, the redemption of the vehicles by the consumers, and the sale of the vehicles through a nationwide network of vehicle auctions. VRS recognizes income from the retained fees at the time of the sale and does not retain a fee if a repossessed vehicle is redeemed by the consumer prior to the sale.

Interest consists of income earned on cash and cash equivalents, restricted cash and cash equivalents, and restricted securities available for sale. Interest income is generally recognized over time as it is earned. Interest income on restricted securities available for sale is recognized over the life of the underlying financial instruments using the interest method.

Dealer enrollment fees consist of fees from Dealers that enrolled in our Portfolio Program prior to August 5, 2019. Depending on the enrollment option selected by the Dealer, Dealers may have enrolled by paying us an upfront, one-time fee of $9,850, or by agreeing to allow us to retain 50% of their accelerated Dealer Holdback payment(s) on the first 100 Consumer Loan assignments. A portion of the $9,850 upfront, one-time fee was considered to be a Dealer enrollment fee, which was amortized on a straight-line basis over the estimated life of the Dealer relationship. In the case of Dealers that enrolled by agreeing to allow us to retain 50% of their accelerated Dealer Holdback payment(s) on the first 100 Consumer Loan assignments, the 50% portion we retain is considered to be a Dealer enrollment fee. We do not recognize any of this Dealer enrollment fee until the Dealer has met the eligibility requirements to receive the accelerated Dealer Holdback payment(s) and the amount(s) of the payment(s), if any, have been calculated. Once the accelerated Dealer Holdback payment(s) have been calculated, we defer the 50% portion that we keep and recognize it on a straight-line basis over the remaining estimated life of the Dealer relationship. Beginning August 5, 2019, Dealers enroll in our Portfolio Program without incurring an enrollment fee.

Dealer support products and services consist of income earned from products and services provided to Dealers to assist with their operations, including sales and marketing, purchasing supplies and materials, and acquiring vehicle inventory. Income is recognized in the period the product or service is provided.
The following table disaggregates our other income by major source of income and timing of the revenue recognition:
(In millions)For the Year Ended December 31, 2022
Ancillary product profit sharingRemarketing feesInterestDealer enrollment feesDealer support products and servicesOtherTotal Other Income
Source of income
Third Party Providers$60.6 $— $6.6 $— $— $(0.1)$67.1 
Dealers— 13.4 — 1.7 1.2 — 16.3 
Total$60.6 $13.4 $6.6 $1.7 $1.2 $(0.1)$83.4 
Timing of revenue recognition
Over time$60.6 $— $6.6 $1.7 $— $— $68.9 
At a point in time— 13.4 — — 1.2 (0.1)14.5 
Total$60.6 $13.4 $6.6 $1.7 $1.2 $(0.1)$83.4