Octane achieved record-breaking success in 2022 and delivered consistently strong performance. Between January and June 2022, Octane increased originations by 67% year over year through its in-house lender Roadrunner Financial. The company overcame inventory constraints and other headwinds to solidify its position as one of the top three non-captive lenders in the industry. Octane also entered two new markets, tractors and trailers, which enabled the company to bring speed and ease to the buying experience for even more consumers, dealers, and OEM partners and expanded its total addressable market to $40b.
"The start of 2022 has been a banner year for Octane and we're only just beginning. We significantly grew our business, strengthened our dealer and OEM relationships, and helped connect even more people with their passions," said Jason Guss, CEO of Octane. "Thank you to all of our employees, partners, and investors for helping us to reach so many milestones. I'm grateful for your continued support as we transform our industry and make buying better."