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Finance Receivables (Tables)
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Schedule of Finance Receivables
Finance receivables, net at December 31, were as follows (in thousands): 
20242023
Retail finance receivables:
United States$6,548,550 $6,657,998 
Canada132,556 160,701 
6,681,106 6,818,699 
Wholesale finance receivables:
United States952,301 1,016,815 
Canada56,070 44,717 
1,008,371 1,061,532 
7,689,477 7,880,231 
Allowance for credit losses(401,183)(381,966)
$7,288,294 $7,498,265 
Schedule of Contractual Maturities of Finance Receivables As of December 31, 2024, contractual maturities of total finance receivables were as follows (in thousands):
United StatesCanadaTotal
2025$2,019,862 $83,878 $2,103,740 
20261,235,417 29,648 1,265,065 
20271,412,167 32,672 1,444,839 
20281,552,946 36,006 1,588,952 
2029886,588 6,422 893,010 
Thereafter393,871 — 393,871 
$7,500,851 $188,626 $7,689,477 
Schedule of Changes in the Allowance for Finance Credit Losses on Finance Receivables
The allowance for credit losses on finance receivables is comprised of individual components relating to wholesale and retail finance receivables. Changes in the allowance for credit losses on finance receivables by portfolio for the year ended December 31, were as follows (in thousands): 
 2024
RetailWholesaleTotal
Balance, beginning of period$367,037 $14,929 $381,966 
Provision for credit losses237,882 9,343 247,225 
Charge-offs(290,006)(1,462)(291,468)
Recoveries63,460 — 63,460 
Balance, end of period$378,373 $22,810 $401,183 
 2023
RetailWholesaleTotal
Balance, beginning of period$345,275 $13,436 $358,711 
Provision for credit losses225,665 1,493 227,158 
Charge-offs(263,915)— (263,915)
Recoveries60,012 — 60,012 
Balance, end of period$367,037 $14,929 $381,966 
 2022
RetailWholesaleTotal
Balance, beginning of period$326,320 $13,059 $339,379 
Provision for credit losses144,756 377 145,133 
Charge-offs(176,718)— (176,718)
Recoveries50,917 — 50,917 
Balance, end of period$345,275 $13,436 $358,711 
Schedule of Financing Receivable Credit Quality Indicators
The amortized cost of the Company's U.S. and Canadian retail finance receivables by vintage and credit quality indicator was as follows (in thousands):
December 31, 2024
20242023202220212020
2019 & Prior
Total
U.S. Retail:
Super prime$1,040,491 $694,941 $449,697 $206,974 $67,668 $28,606 $2,488,377 
Prime1,042,910 821,719 659,000 363,507 141,495 82,771 3,111,402 
Sub-prime318,689 224,656 180,048 119,457 58,297 47,624 948,771 
2,402,090 1,741,316 1,288,745 689,938 267,460 159,001 6,548,550 
Canadian Retail:
Super prime36,011 29,098 17,468 8,330 3,179 1,096 95,182 
Prime9,111 8,687 6,724 4,033 2,212 1,524 32,291 
Sub-prime1,701 1,229 972 435 462 284 5,083 
46,823 39,014 25,164 12,798 5,853 2,904 132,556 
$2,448,913 $1,780,330 $1,313,909 $702,736 $273,313 $161,905 $6,681,106 
Gross charge-offs for the year ended December 31, 2024:
US Retail$18,322 $92,489 $90,023 $47,678 $19,628 $17,143 $285,283 
Canadian Retail241 1,474 1,398 755 391 464 4,723 
$18,563 $93,963 $91,421 $48,433 $20,019 $17,607 $290,006 
December 31, 2023
20232022202120202019
2018 & Prior
Total
U.S. Retail:
Super prime$1,066,321 $729,339 $376,474 $151,004 $70,627 $27,013 $2,420,778 
Prime1,173,463 993,417 584,305 259,995 139,011 78,880 3,229,071 
Sub-prime333,099 275,964 189,688 101,437 63,393 44,568 1,008,149 
2,572,883 1,998,720 1,150,467 512,436 273,031 150,461 6,657,998 
Canadian Retail:
Super prime48,705 31,733 17,744 9,241 4,521 1,524 113,468 
Prime13,764 11,434 7,336 4,390 2,728 1,838 41,490 
Sub-prime1,846 1,546 739 817 525 270 5,743 
64,315 44,713 25,819 14,448 7,774 3,632 160,701 
$2,637,198 $2,043,433 $1,176,286 $526,884 $280,805 $154,093 $6,818,699 
Gross charge-offs for the year ended December 31, 2023:
US Retail$20,047 $102,387 $74,212 $30,896 $18,088 $14,655 $260,285 
Canadian Retail527 1,004 866 472 278 483 3,630 
$20,574 $103,391 $75,078 $31,368 $18,366 $15,138 $263,915 
The amortized cost of wholesale finance receivables, by vintage and credit quality indicator, was as follows (in thousands):
December 31, 2024
20242023202220212020
2019 & Prior
Total
Non-Performing$6,430 $4,702 $129 $— $— $2 $11,263 
Doubtful25,827 3,869 139 — — 8,196 38,031 
Substandard14,470 2,928 — — — — 17,398 
Special Mention3,162 362 19 — — — 3,543 
Medium Risk1,471 271 — — — — 1,742 
Low Risk808,771 83,611 38,815 1,702 3,358 137 936,394 
$860,131 $95,743 $39,102 $1,702 $3,358 $8,335 $1,008,371 
Gross charge-offs for the year ended December 31, 2024:
Wholesale
$709 $710 $42 $— $— $1 $1,462 
December 31, 2023
20232022202120202019
2018 & Prior
Total
Non-Performing$— $— $— $— $— $— $— 
Doubtful— — — — — — — 
Substandard10,934 258 — — 5 — 11,197 
Special Mention641 30 — — — — 671 
Medium Risk2,905 — — — — — 2,905 
Low Risk961,519 66,757 5,107 4,962 7,786 628 1,046,759 
$975,999 $67,045 $5,107 $4,962 $7,791 $628 $1,061,532 
Schedule of Past Due Financing Receivables
The aging analysis of finance receivables at December 31, was as follows (in thousands): 
 2024
 Current31-60 Days
Past Due		61-90 Days
Past Due		Greater than
90 Days
Past Due		Total
Past Due		Total
Finance
Receivables
Retail finance receivables$6,368,447 $178,752 $69,257 $64,650 $312,659 $6,681,106 
Wholesale finance receivables1,002,584 3,463 718 1,606 5,787 1,008,371 
$7,371,031 $182,215 $69,975 $66,256 $318,446 $7,689,477 
 2023
 Current31-60 Days
Past Due		61-90 Days
Past Due		Greater than
90 Days
Past Due		Total
Past Due		Total
Finance
Receivables
Retail finance receivables$6,516,342 $168,027 $67,033 $67,297 $302,357 $6,818,699 
Wholesale finance receivables1,060,561 763 25 183 971 1,061,532 
$7,576,903 $168,790 $67,058 $67,480 $303,328 $7,880,231 
Retail and wholesale finance receivables, excluding non-accrual status finance receivables, that were contractually past due 90 days or more at December 31, was as follows (in thousands): 
20242023
United States$63,702 $66,119 
Canada2,028 1,361 
$65,730 $67,480 
Schedule of Wholesale Finance Receivables on Non-accrual Status
Additional information related to the wholesale finance receivables on non-accrual status was as follows (in thousands):
Amortized Cost Amortized CostInterest Income
January 1, 2024
December 31, 2024
Recognized
Wholesale:
No related allowance recorded$— $7,510 $795 
Related allowance recorded— 3,753 416 
$— $11,263 $1,211