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Rendering of new headquarters by Arctic Cat Inc.

Arctic Cat to Expand Personnel, Post Headquarters Move

by August 26, 2016 at 11:45 am

Arctic Cat Inc. moved its corporate headquarters to a six-story building in downtown Minneapolis from Plymouth, Minn. on Aug. 17, according to a company press release, which will allow the manufacturer to expand over time with 150 to 200 new personnel. Arctic Cat, a manufacturer of ATVs, side-by-sides, and snowmobiles,Read More

Synchrony’s Mait to Participate in Fireside Chat at PowerSports Finance 2016

Synchrony’s Mait to Participate in Fireside Chat at PowerSports Finance 2016

by August 25, 2016 at 11:20 am

Keith Mait, vice president and industry leader for Synchrony Financial’s powersports business, will sit down for a fireside chat at PowerSports Finance 2016, on Oct. 5 in Las Vegas. At Synchrony, Mait is responsible for driving strategic direction and profitable growth for the lender’s powersports segment across a number ofRead More

‘Stop Fighting’ for Prime Paper, Powersports Dealer Says

‘Stop Fighting’ for Prime Paper, Powersports Dealer Says

by August 24, 2016 at 11:00 am

Powersports lenders need to “stop fighting” over the same end of the credit spectrum — prime and near-prime consumers — that everybody else wants, in order to increase their dealer penetration rate, said Chris Clovis, owner and operator at Freedom EuroCycle Las Vegas. “You’ve got 100 lenders fighting over theRead More

Polaris Retail Program to Expand Trade-In Alternatives, CFO Says

Polaris Retail Program to Expand Trade-In Alternatives, CFO Says

by August 23, 2016 at 11:00 am

A new retail finance program in the works between powersports manufacturer Polaris Industries Inc. and FreedomRoad Financial will provide the OEM’s dealers with more trade-in opportunities, according to documents obtained by Powersports Finance. “We’ve got a trade-in allowance to help us compete with Harley-Davidson Inc. to some extent, in terms of being ableRead More

Freedom EuroCycle Dealerships Name New Owner

Freedom EuroCycle Dealerships Name New Owner

by August 22, 2016 at 11:00 am

Former EagleRider Vice President of Operations Chris Clovis took up an equity stake in two dealerships, Freedom EuroCycle Las Vegas and Freedom EuroCycle Reno, with a goal to elevate the dealerships to a more “sophisticated” level, Clovis told Powersports Finance. Clovis serves as owner and operator of both dealerships, butRead More

Dealership F&I Manager Joins Conference Dealer Panel

Dealership F&I Manager Joins Conference Dealer Panel

by August 19, 2016 at 10:13 am

Joe Becerra, F&I manager at powersports dealership F&T Valley Motorsports, has joined the “Voice of the Dealer — Dealers on F&I Dos and Don’ts” panel at the upcoming PowerSports Finance 2016 conference. During the Oct. 5 session, Becerra and his fellow panelists will discuss how powersports dealers differ from car dealers,Read More

BREAKING: Polaris to Launch ‘Captive-Like’ Consumer Finance Program

BREAKING: Polaris to Launch ‘Captive-Like’ Consumer Finance Program

by August 18, 2016 at 11:15 am

Polaris Industries Inc. has partnered with FreedomRoad Financial to form a new “captive-like” retail finance program, called Performance Finance, according to documents obtained by Powersports Finance. The new consumer finance program — slated for launch Sept. 1 — will exclusively be offered for new and used Victory and Indian motorcycles andRead More

Motorcycle Dealership Relaunches In-House Financing

Motorcycle Dealership Relaunches In-House Financing

by August 17, 2016 at 10:30 am

EagleRider, a Hawthorne, Calif.-based motorcycle dealer, relaunched its in-house financing arm, EagleRider Finance, on July 1 after an 18-month hiatus, and is now shifting its focus to serving the “no-man’s land,” or mid-tier, consumers, said Chris Clovis, the dealership’s vice president of operations. EagleRider put its retail in-house finance arm in a “dormantRead More