Post Tagged with: "Arctic Cat"

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

BMW Dealer Becomes First to Offer Virtual Reality Test Rides

BMW Dealer Becomes First to Offer Virtual Reality Test Rides

by April 13, 2017 at 11:04 am

Long Beach BMW Motorcycles is now offering virtual reality test rides, becoming the first BMW dealer to offer the experience in its showroom, according to a company press release. The Long Beach, Calif.-based dealer is taking advantage of this technology to give non-riders and riders the opportunity to test drive withoutRead More

Ross Motorsports Doubles Finance Income, Partners With MB Financial

Ross Motorsports Doubles Finance Income, Partners With MB Financial

by February 23, 2017 at 12:00 pm

Ross Motorsports doubled its finance income garnered through its seven lender partners in 2016, as compared with 2015, and expects more growth this year, thanks — in part — to a new partnership with MB Financial Bank, the dealership’s General Manager Ryan Williams told Powersports Finance. Ross Motorsports has been gathering adviceRead More

Textron Acquires Arctic Cat for $247 Million

Textron Acquires Arctic Cat for $247 Million

by January 26, 2017 at 11:30 am

Textron Inc. has agreed to buy Arctic Cat Inc. in an all-cash transaction valued at approximately $247 million, plus the assumption of existing debt, the companies announced yesterday. The purchase price is $18.50 per share, a 40.7% premium to Arctic Cat’s closing price on Jan. 20. It is unclear, as yet,Read More

Final Countdown: Top 5 Powersports Stories of 2016

Final Countdown: Top 5 Powersports Stories of 2016

by January 1, 2017 at 11:30 am

This year has been a busy one for the powersports finance industry, with several new partnerships, renewals, programs, and captives announced. Despite a relatively flat growth year, according to analysts, several lenders doubled year-over-year loan and lease originations, and some even reported record-breaking years. However, some financial provider’s struggled —Read More

Texas Dealer Focuses on Lender Relations to Avoid Customer Flipping

Texas Dealer Focuses on Lender Relations to Avoid Customer Flipping

by December 14, 2016 at 12:30 pm

Ross Motorsports is setting its sights on forming “good relationships” with lender partners, in order to prevent customer flipping, Finance Manager Ryan Williams told Powersports Finance. About two out of every 10 customers at Ross Motorsports are flipped to a different vehicle brand, due to a lack of “diverse lending”Read More

OEM Steers Away From Subsidized Financing, For Now

OEM Steers Away From Subsidized Financing, For Now

by November 22, 2016 at 12:59 pm

KTM North America does not see the need to offer subsidized financing yet — while interest rates are still low — despite the slew of powersports manufacturers that are offering financing promotions, said President Jon-Erik Burleson. “For the last two years, the prevailing interest rate has been relatively low,” addedRead More

Arctic Cat Hikes Incentives as Sales Decline

Arctic Cat Hikes Incentives as Sales Decline

by November 10, 2016 at 12:49 pm

Arctic Cat Inc. continues to ramp up financing promotions in response to heightened competition and declining sales, according to the company’s fiscal 2017 second-quarter earnings report yesterday. “We are committed to decreasing our dealers’ inventory to ensure they’re in a healthy inventory position, despite the weakened environment,” Chief Executive ChrisRead More