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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of Line of Credit Facilities | The annual interest rates associated with our commitments are as follows:
Commitment | Annual Interest Rate at June 30, 2026
New vehicle floor plan | 4.78%
Used vehicle floor plan | 4.88%
Service loaner floor plan | 4.88%
Revolving line of credit | 4.93%
The annual interest rates associated with our commitments are as follows:
Commitment | Annual Interest Rate at June 30, 2026
Wholesale flooring facility | 3.58%
Used vehicle flooring facility | 3.68%
Daily rental facility | 3.84%
Wholesale leasing facility | 3.94%
Working capital revolving facility | 3.89%
Schedule of Long-Term Debt Instruments | Below is a summary of outstanding non-recourse notes payable issued:
($ in millions) | Balance as of June 30, 2026 | Initial Principal Amount | Issuance Date | Interest Rate Range | Final Distribution Date
LAD Auto Receivables Trust 2022-1 Class C | 11.5 | 23.0 | 08/17/22 | 6.85% to 6.85% | Various dates through Apr 2030
LAD Auto Receivables Trust 2023-1 Class D | 25.2 | 31.3 | 02/14/23 | 7.30% to 7.30% | Various dates through Jun 2030
LAD Auto Receivables Trust 2023-2 Class C-D | 58.8 | 79.5 | 05/24/23 | 5.58% to 6.30% | Various dates through Feb 2031
LAD Auto Receivables Trust 2023-3 Class B-D | 69.4 | 79.4 | 08/23/23 | 6.09% to 6.92% | Various dates through Dec 2030
LAD Auto Receivables Trust 2023-4 Class A-D | 86.5 | 121.1 | 11/15/23 | 6.24% to 7.37% | Various dates through Apr 2031
LAD Auto Receivables Trust 2024-1 Class A-D | 84.7 | 100.9 | 02/14/24 | 5.17% to 6.15% | Various dates through Jun 2031
LAD Auto Receivables Trust 2024-2 Class A-D | 138.3 | 232.2 | 06/20/24 | 5.46% to 6.37% | Various dates through Oct 2031
LAD Auto Receivables Trust 2024-3 Class A-D | 259.1 | 306.3 | 11/15/24 | 4.52% to 5.18% | Various dates through Feb 2032
LAD Auto Receivables Trust 2025-1 Class A-D | 284.8 | 311.4 | 02/12/25 | 4.69% to 5.52% | Various dates through May 2032
LAD Auto Receivables Trust 2025-2 Class A-D | 351.9 | 443.3 | 08/13/25 | 4.25% to 5.01% | Various dates through Dec 2032
LAD Auto Receivables Trust 2025-3 Class A-C | 440.9 | 477.4 | 11/13/25 | 4.03% to 4.60% | Various dates through Mar 2033
LAD Auto Receivables Trust 2026-1 Class A-C | 446.0 | 532.1 | 02/18/26 | 3.75% to 4.42% | Various dates through Aug 2033
LAD Auto Receivables Trust 2026-2 Class A-C | 484.3 | 525.6 | 05/13/26 | 3.92% to 4.94% | Various dates through Oct 2033
Total non-recourse notes payable | $2,741.4 | $3,263.5 |  |  |

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