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Excel Finance Scouts New Dealers for 2017

Excel Finance Scouts New Dealers for 2017

by December 9, 2016 at 10:30 am

Excel Finance plans to bolster its dealer network in 2017, on the heels of underwriting improvements this year, Dealer Relations Manager Valerie Figueroa told Powersports Finance. “Our main focus is signing up new dealers,” Figueroa said. “We used 2016 to improve our [underwriting] program, now we are ready to getRead More

Yamaha Rivals Potential Competitors With Subvented Rates

Yamaha Rivals Potential Competitors With Subvented Rates

by December 8, 2016 at 12:00 pm

Yamaha Motor Finance Corp. aims to counter its potential revolving credit competitors by supplying a credit card program that will offer subvented promotional rates through only one source — Yamaha Motor Corp., said Executive Vice President and Chief Operating Officer Jeff Young. The ability to offer subvented rates, “is the wholeRead More

Powersports Finance Winter Issue Now Live

Powersports Finance Winter Issue Now Live

by December 7, 2016 at 5:28 pm

Following the success of the second annual PowerSports Finance 2016 event, we are excited to announce that the winter issue of Powersports Finance Quarterly is now live, and available to current and new subscribers. The digital publication marks the final issue of 2016, and includes some exclusive coverage of theRead More

ThunderRoad Alters Slingshot Underwriting Amid Rising Losses

ThunderRoad Alters Slingshot Underwriting Amid Rising Losses

by December 7, 2016 at 1:00 pm

ThunderRoad Financial is taking a more “conservative” approach to financing Slingshot vehicles, due to higher losses — double — than other powersports vehicles in its portfolio, said President and Chief Executive Donal Hummer Jr. “We haven’t pulled back from financing them, but we are being conservative on how we areRead More

Regulators Likely to Keep Focus on Dealer Markup, Lawyer Says

Regulators Likely to Keep Focus on Dealer Markup, Lawyer Says

by December 6, 2016 at 11:31 am

Fair lending is an area that is likely to remain “significantly” scrutinized by regulators — particularly dealer markup — despite the fact that President-elect Donald Trump’s administration could reduce certain regulatory policies, said John Redding, partner at BuckleySandler LLP. “It’s going to be interesting to see what happens under a Trump administration,”Read More

Triumph Re-Signs With Wells Fargo CDF

Triumph Re-Signs With Wells Fargo CDF

by December 5, 2016 at 11:39 am

Wells Fargo Commercial Distribution Finance extended its dealer financing program with British motorcycle manufacturer Triumph Motorcycles, to continue serving Triumph’s network of North American dealers with inventory financing, the companies announced on Friday. “We are excited to extend our relationship with Wells Fargo CDF,” Matt Sheahan, Triumph’s chief operating office,Read More

Yamaha Hires 11-Year Remarketing Vet as Collateral Manager

Yamaha Hires 11-Year Remarketing Vet as Collateral Manager

by December 2, 2016 at 11:08 am

Sandra Giron left LBS Financial Credit Union last month after serving more than 11 years as remarketing specialist to join Yamaha Motor Corp. USA as its collateral manager. Giron first joined LBS in July 2005, according to her LinkedIn. During her tenure at the credit union, Giron managed and coordinatedRead More

Yamaha Expands Pre-Owned Program Nationwide

Yamaha Expands Pre-Owned Program Nationwide

by December 1, 2016 at 12:07 pm

Yamaha Motor Finance Corp. has made great strides since its launch last year, including the nationwide expansion of its pre-owned financing program and the addition of 100 dealers to its network — bringing the total to 1,100, said Executive Vice President and Chief Operating Officer Jeff Young. The Cypress, Calif.-basedRead More