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Finance Receivables (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Finance Receivables
Finance receivables, net were as follows (in thousands):
March 31,
2025		December 31,
2024		March 31,
2024
Retail finance receivables$6,514,733 $6,681,106 $6,799,510 
Wholesale finance receivables1,278,052 1,008,371 1,486,873 
7,792,785 7,689,477 8,286,383 
Allowance for credit losses(393,178)(401,183)(380,361)
$7,399,607 $7,288,294 $7,906,022 
Schedule of Changes in the Allowance for Finance Credit Losses on Finance Receivables
Changes in the Company's allowance for credit losses on its finance receivables by portfolio were as follows (in thousands):
 Three months ended March 31, 2025
 RetailWholesaleTotal
Balance, beginning of period$378,373 $22,810 $401,183 
Provision for credit losses50,801 2,533 53,334 
Charge-offs(77,534)(641)(78,175)
Recoveries16,836 — 16,836 
Balance, end of period$368,476 $24,702 $393,178 
 Three months ended March 31, 2024
 RetailWholesaleTotal
Balance, beginning of period$367,037 $14,929 $381,966 
Provision for credit losses60,989 21 61,010 
Charge-offs(81,368)— (81,368)
Recoveries18,753 — 18,753 
Balance, end of period$365,411 $14,950 $380,361 
Schedule of Financing Receivable Credit Quality Indicators
The amortized cost along with period gross charge-offs of the Company's U.S. and Canadian retail finance receivables by vintage and credit quality indicator was as follows (in thousands):
March 31, 2025
20252024202320222021
2020 & Prior
Total
U.S. Retail:
Super prime$246,251 $930,951 $619,801 $390,933 $173,826 $72,153 $2,433,915 
Prime237,047 959,136 746,249 588,551 316,903 179,922 3,027,808 
Sub-prime83,027 290,920 201,277 159,669 104,683 86,365 925,941 
566,325 2,181,007 1,567,327 1,139,153 595,412 338,440 6,387,664 
Canadian Retail:
Super prime8,019 32,371 25,930 15,301 6,824 3,038 91,483 
Prime2,247 8,365 7,693 6,000 3,582 2,917 30,804 
Sub-prime334 1,578 1,081 807 370 612 4,782 
10,600 42,314 34,704 22,108 10,776 6,567 127,069 
$576,925 $2,223,321 $1,602,031 $1,161,261 $606,188 $345,007 $6,514,733 
Gross charge-offs for the three months ended March 31, 2025:
U.S. Retail
$— $18,323 $22,716 $18,667 $9,775 $6,425 $75,906 
Canadian Retail— 419 491 365 159 194 1,628 
$— $18,742 $23,207 $19,032 $9,934 $6,619 $77,534 
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:
U.S. 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 
March 31, 2024
20242023202220212020
2019 & Prior
Total
U.S. Retail:
Super prime$311,848 $963,226 $651,375 $328,904 $126,727 $73,138 $2,455,218 
Prime294,135 1,087,821 900,078 522,250 226,247 173,807 3,204,338 
Sub-prime87,446 305,352 246,904 168,542 88,980 88,826 986,050 
693,429 2,356,399 1,798,357 1,019,696 441,954 335,771 6,645,606 
Canadian Retail:
Super prime11,736 43,504 27,785 15,068 7,456 4,063 109,612 
Prime2,566 12,375 10,180 6,336 3,779 3,526 38,762 
Sub-prime456 1,760 1,355 601 744 614 5,530 
14,758 57,639 39,320 22,005 11,979 8,203 153,904 
$708,187 $2,414,038 $1,837,677 $1,041,701 $453,933 $343,974 $6,799,510 
Gross charge-offs for the three months ended March 31, 2024:
U.S. Retail
$— $21,760 $28,748 $16,286 $7,111 $6,363 $80,268 
Canadian Retail— 245 335 212 145 163 1,100 
$— $22,005 $29,083 $16,498 $7,256 $6,526 $81,368 
The amortized cost of the Company's wholesale finance receivables, by vintage and credit quality indicator, was as follows (in thousands):
March 31, 2025
20252024202320222021
2020 & Prior
Total
Non-Performing$2,208 $3,698 $643 $— $— $— $6,549 
Doubtful13,553 19,970 3,765 107 — 8,357 45,752 
Substandard5,038 6,560 1,683 — — — 13,281 
Special Mention2,494 2,016 297 — — — 4,807 
Medium Risk2,335 1,375 131 — — — 3,841 
Low Risk664,472 445,883 50,616 38,095 1,547 3,209 1,203,822 
$690,100 $479,502 $57,135 $38,202 $1,547 $11,566 $1,278,052 
Gross charge-offs for the three months ended March 31, 2025:
        Wholesale$1 $506 $134 $— $— $— $641 
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 $1,462 
March 31, 2024
20242023202220212020
2019 & Prior
Total
Non-Performing$— $— $— $— $— $— $— 
Doubtful1,612 1,783 216 — — 10 3,621 
Substandard10,570 10,989 436 — — 8 22,003 
Special Mention2,332 1,954 183 — — 317 4,786 
Medium Risk1,051 938 — — — — 1,989 
Low Risk861,075 521,155 54,703 4,110 4,646 8,785 1,454,474 
$876,640 $536,819 $55,538 $4,110 $4,646 $9,120 $1,486,873 
Schedule of Impaired Financing Receivables
Additional information related to the wholesale finance receivables on non-accrual status was as follows (in thousands):
Amortized Cost Amortized CostInterest Income
January 1, 2025
March 31, 2025
Recognized
Wholesale:
No related allowance recorded$7,510 $6,549 $37 
Related allowance recorded3,753 — — 
$11,263 $6,549 $37 
Schedule of Past Due Financing Receivables
The aging analysis of the Company's finance receivables was as follows (in thousands):
 March 31, 2025
Current31-60 Days
Past Due		61-90 Days
Past Due		Greater than
90 Days
Past Due		Total
Past Due		Total
Retail finance receivables$6,266,363 $138,090 $52,813 $57,467 $248,370 $6,514,733 
Wholesale finance receivables1,268,943 5,273 1,475 2,361 9,109 1,278,052 
$7,535,306 $143,363 $54,288 $59,828 $257,479 $7,792,785 
 December 31, 2024
Current31-60 Days
Past Due		61-90 Days
Past Due		Greater than
90 Days
Past Due		Total
Past Due		Total
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 
 March 31, 2024
Current31-60 Days
Past Due		61-90 Days
Past Due		Greater than
90 Days
Past Due		Total
Past Due		Total
Retail finance receivables$6,569,714 $131,720 $47,672 $50,404 $229,796 $6,799,510 
Wholesale finance receivables1,486,224 240 219 190 649 1,486,873 
$8,055,938 $131,960 $47,891 $50,594 $230,445 $8,286,383