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Powersports Finance Summer Issue Now Live

Powersports Finance Summer Issue Now Live

by May 2, 2017 at 9:44 am

The summer issue of the Powersports Finance Quarterly is now live, and available to current and new subscribers. In this issue, learn about whether the powersports finance market is too saturated for new  lenders to succeed, with insights from Yamaha Motor Finance Corp. USA, MotoLease LLC, ThunderRoad Financial, Wedbush Securities Inc., andRead More

VW Eyes Sale of Ducati in Shift Away From Powersports

VW Eyes Sale of Ducati in Shift Away From Powersports

by May 1, 2017 at 11:09 am

Volkswagen might sell Ducati in a move to streamline operations and help fund a strategic overhaul, according to a published report. Volkswagen is curbing spending across the group, including cutting thousands of jobs at its core VW brand, to help fund a shift to electric cars and new mobility services.Read More

Roadrunner, Yamaha Bolster Used Financing With New Offerings

Roadrunner, Yamaha Bolster Used Financing With New Offerings

by April 28, 2017 at 12:47 pm

Roadrunner Financial is slated to launch a used-vehicle financing program by next week, thanks to “tremendous” demand from dealers and consumers, Chief Executive Jason Guss told Powersports Finance. Roadrunner declined to offer specifics on the program. “We are still finalizing the program, as of right now, there aren’t any hardRead More

Wells Fargo CDF to Roll Out Pre-Owned Dealer Rewards Program

Wells Fargo CDF to Roll Out Pre-Owned Dealer Rewards Program

by April 27, 2017 at 11:00 am

Well Fargo Commercial Distribution Finance will launch a dealer rewards program early next month in the wake of increasing consumer demand for pre-owned vehicles, Jeremy Jansen, president of the company’s motorsports group, told Powersports Finance. “We are very excited to deliver inventory financing solutions to the pre-owned space,” he said.Read More

Consumer Fraud On the Rise, Lenders Advise Best Practices

Consumer Fraud On the Rise, Lenders Advise Best Practices

by April 26, 2017 at 11:43 am

Fraudulent activity — identity theft — is on the “upswing” in powersports, with fraud rings becoming more prevalent in the past few months, said Tom Collins, executive vice president and managing director at FreedomRoad Financial. Either more accounts are fraudulent, or FreedomRoad is catching it more often on the frontend,Read More

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Polaris Retail Finance Penetration Drops in 1Q

by April 25, 2017 at 12:11 pm

Polaris Industries Inc.‘s retail finance penetration rate declined to 31% in the first quarter, despite a higher credit approval rate, according to the OEM’s earnings report, released today. By comparison, Polaris reached 40% penetration on a 57% approval rate in the first quarter of 2016. The decline in penetration wasRead More

Textron Revs Finance Promotions, Following Arctic Cat Acquisition

Textron Revs Finance Promotions, Following Arctic Cat Acquisition

by April 24, 2017 at 12:01 pm

Textron Specialized Vehicles, a subsidiary of Textron Inc., launched several finance incentives for its new off-road line to help dealers sell old inventory, following the manufacturer’s recent acquisition of Arctic Cat Inc., according to the company’s website. The “No Brainer” sales event offers 0% financing for 60 months on select 2015 andRead More

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Incentives Spur HDFS Marketshare to 63% in 1Q

by April 21, 2017 at 11:53 am

Harley-Davidson Financial Services ended the quarter with an overall industry marketshare of 63%, up 6% versus the same time a year prior, according to first-quarter earnings released Tuesday. The growth can be attributed to competitive financing incentives offered on model year 2016 motorcycles, John Olin, Harley-Davidson Inc.’s senior vice presidentRead More