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Finance Receivables (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Schedule of Finance Receivables
Finance receivables, net were as follows (in thousands):
June 30,
2025		December 31,
2024		June 30,
2024
Retail finance receivables$6,593,043 $6,681,106 $6,993,930 
Wholesale finance receivables1,132,472 1,008,371 1,418,151 
7,725,515 7,689,477 8,412,081 
Allowance for credit losses(399,293)(401,183)(393,517)
$7,326,222 $7,288,294 $8,018,564 
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 June 30, 2025Six months ended June 30, 2025
 RetailWholesaleTotalRetailWholesaleTotal
Balance, beginning of period$368,476 $24,702 $393,178 $378,373 $22,810 $401,183 
Provision for credit losses49,975 (237)49,738 100,776 2,296 103,072 
Charge-offs(61,306)— (61,306)(138,840)(641)(139,481)
Recoveries17,683 — 17,683 34,519 — 34,519 
Balance, end of period$374,828 $24,465 $399,293 $374,828 $24,465 $399,293 
 Three months ended June 30, 2024Six months ended June 30, 2024
 RetailWholesaleTotalRetailWholesaleTotal
Balance, beginning of period$365,411 $14,950 $380,361 $367,037 $14,929 $381,966 
Provision for credit losses55,289 741 56,030 116,278 762 117,040 
Charge-offs(60,712)— (60,712)(142,080)— (142,080)
Recoveries17,838 — 17,838 36,591 — 36,591 
Balance, end of period$377,826 $15,691 $393,517 $377,826 $15,691 $393,517 
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):
June 30, 2025
20252024202320222021
2020 & Prior
Total
U.S. Retail:
Super prime$549,485 $828,526 $545,156 $335,566 $142,404 $52,812 $2,453,949 
Prime571,939 870,644 671,113 521,027 271,193 141,509 3,047,425 
Sub-prime212,031 263,677 180,987 142,291 90,893 70,602 960,481 
1,333,455 1,962,847 1,397,256 998,884 504,490 264,923 6,461,855 
Canadian Retail:
Super prime19,449 29,869 23,599 13,497 5,522 2,131 94,067 
Prime5,956 7,736 7,359 5,444 3,261 2,305 32,061 
Sub-prime1,019 1,524 1,026 682 305 504 5,060 
26,424 39,129 31,984 19,623 9,088 4,940 131,188 
$1,359,879 $2,001,976 $1,429,240 $1,018,507 $513,578 $269,863 $6,593,043 
Gross charge-offs for the six months ended June 30, 2025:
U.S. Retail
$552 $35,544 $41,325 $32,086 $16,614 $10,125 $136,246 
Canadian Retail— 748 630 592 292 332 2,594 
$552 $36,292 $41,955 $32,678 $16,906 $10,457 $138,840 
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 
June 30, 2024
20242023202220212020
2019 & Prior
Total
U.S. Retail:
Super prime$684,675 $858,653 $575,749 $282,472 $103,657 $53,898 $2,559,104 
Prime682,513 988,918 810,245 462,594 194,018 136,465 3,274,753 
Sub-prime207,576 275,532 222,858 150,961 78,021 72,736 1,007,684 
1,574,764 2,123,103 1,608,852 896,027 375,696 263,099 6,841,541 
Canadian Retail:
Super prime25,927 38,107 23,842 12,492 5,744 2,558 108,670 
Prime6,535 11,106 8,880 5,513 3,232 2,680 37,946 
Sub-prime1,282 1,593 1,213 537 643 505 5,773 
33,744 50,806 33,935 18,542 9,619 5,743 152,389 
$1,608,508 $2,173,909 $1,642,787 $914,569 $385,315 $268,842 $6,993,930 
Gross charge-offs for the six months ended June 30, 2024:
U.S. Retail
$615 $42,843 $48,949 $26,374 $11,088 $9,932 $139,801 
Canadian Retail— 740 704 398 187 250 2,279 
$615 $43,583 $49,653 $26,772 $11,275 $10,182 $142,080 
The amortized cost of the Company's wholesale finance receivables, by vintage and credit quality indicator, was as follows (in thousands):
June 30, 2025
20252024202320222021
2020 & Prior
Total
Non-Performing$901 $1,017 $287 $— $— $— $2,205 
Doubtful23,393 20,292 2,552 50 — 8,537 54,824 
Substandard3,542 4,215 127 — — — 7,884 
Special Mention6,135 2,250 168 — 71 — 8,624 
Medium Risk4,320 1,006 156 — — — 5,482 
Low Risk791,701 198,540 24,938 35,801 1,321 1,152 1,053,453 
$829,992 $227,320 $28,228 $35,851 $1,392 $9,689 $1,132,472 
Gross charge-offs for the six months ended June 30, 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 
June 30, 2024
20242023202220212020
2019 & Prior
Total
Non-Performing$2,738 $2,672 $145 $— $— $5 $5,560 
Doubtful5,105 4,661 144 — — 9 9,919 
Substandard11,038 4,943 98 — — — 16,079 
Special Mention2,934 986 96 — — 211 4,227 
Medium Risk— — — — — — — 
Low Risk1,088,176 236,891 41,749 3,877 3,716 7,957 1,382,366 
$1,109,991 $250,153 $42,232 $3,877 $3,716 $8,182 $1,418,151 
Gross charge-offs for the six months ended June 30, 2024:
Wholesale$— $— $— $— $— $— $— 
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
June 30, 2025
Recognized
Wholesale:
No related allowance recorded$7,510 $— $— 
Related allowance recorded3,753 2,205 53 
$11,263 $2,205 $53 
Amortized CostAmortized CostInterest Income
January 1, 2024
June 30, 2024
Recognized
Wholesale:
No related allowance recorded$— $5,560 $246 
Related allowance recorded— — — 
$— $5,560 $246 
Schedule of Past Due Financing Receivables
The aging analysis of the Company's finance receivables was as follows (in thousands):
June 30, 2025
Current31-60 Days
Past Due 		61-90 Days
Past Due 		Greater than
90 Days
Past Due and Still Accruing		Greater Than 90 Days Past Due and Not AccruingTotal
Past Due		Total
Finance
Receivables
Retail$6,342,019 $150,788 $54,983 $45,253 $— $251,024 $6,593,043 
Wholesale1,128,499 1,157 653 1,712 451 3,973 1,132,472 
$7,470,518 $151,945 $55,636 $46,965 $451 $254,997 $7,725,515 
December 31, 2024
Current31-60 Days
Past Due 		61-90 Days
Past Due 		Greater than
90 Days
Past Due and Still Accruing		Greater Than 90 Days Past Due and Not AccruingTotal
Past Due		Total
Finance
Receivables
Retail$6,368,447 $178,752 $69,257 $64,650 $— $312,659 $6,681,106 
Wholesale1,002,584 3,463 718 1,080 526 5,787 1,008,371 
$7,371,031 $182,215 $69,975 $65,730 $526 $318,446 $7,689,477 
June 30, 2024
Current31-60 Days
Past Due		61-90 Days
Past Due		Greater than
90 Days
Past Due and Still Accruing		Greater Than 90 Days Past Due and Not AccruingTotal
Past Due		Total
Finance
Receivables
Retail$6,753,883 $148,590 $49,790 $41,667 $— $240,047 $6,993,930 
Wholesale1,417,053 715 219 68 96 1,098 1,418,151 
$8,170,936 $149,305 $50,009 $41,735 $96 $241,145 $8,412,081