Post Tagged with: "Capital One Financial Corp."

Polaris 4Q Results: Retail Finance Penetration Ticks Up to 33%

Polaris 4Q Results: Retail Finance Penetration Ticks Up to 33%

by January 24, 2017 at 11:30 am

Polaris Industries Inc. announced higher retail finance penetration rates — 33% — for the full-year 2016, up from 31% in 2015, thanks to successful financial promotions and the launch of Performance Finance, Mike Speetzen, Polaris’ executive vice president of finance and chief financial officer, said during the OEM’s fourth-quarter earningsRead More

BRP Expands Retail Finance Options With Citi, Roadrunner Partnerships

BRP Expands Retail Finance Options With Citi, Roadrunner Partnerships

by January 11, 2017 at 11:30 am

Bombardier Recreational Products Inc. expanded its retail financing options with two new long-term agreements with Citi Retail Services and Roadrunner Financial, the company announced yesterday. Citi’s new partnership with BRP will include a private-label credit card and support for a new online dealer portal, which will provide authorized BRP dealers withRead More

Top 5 Times Revolving Credit Made Headlines

Top 5 Times Revolving Credit Made Headlines

by December 30, 2016 at 11:30 am

After Capital One Financial Corp. announced its gradual exit from the powersports finance space late last year, revolving credit quickly dominated headlines throughout 2016. There has been industry chatter regarding which companies will fill the revolving credit void, and Yamaha Motor Finance Corp. already threw its proverbial hat into theRead More

Kawasaki Signs Multi-Year Agreement With Citi Retail Services

Kawasaki Signs Multi-Year Agreement With Citi Retail Services

by December 23, 2016 at 9:00 am

Kawasaki Motors Corp. USA announced a multi-year agreement with Citi Retail Services yesterday, which will provide dealers with another financing option for their customers — a private-label credit card program. Customers will be able to apply for credit through an authorized Kawasaki dealership, according to a press release. The OEM will begin contacting KawasakiRead More

Kawasaki Matches Captive Competitors With ‘Aggressive’ Rates

Kawasaki Matches Captive Competitors With ‘Aggressive’ Rates

by December 13, 2016 at 12:30 pm

Kawasaki Motors Corp. USA will take an “aggressive” approach to finance incentives in 2017, to ensure its dealers’ success, and to remain competitive against other OEMs — particularly those with retail finance captives, Senior Vice President of Sales Operations Bill Jenkins told Powersports Finance at the New York Progressive InternationalRead More

BREAKING: Kawasaki to Reveal Revolving Credit Partnership ‘Very Soon’

BREAKING: Kawasaki to Reveal Revolving Credit Partnership ‘Very Soon’

by November 30, 2016 at 12:30 pm

Kawasaki Motors Corp. USA is on the verge of announcing a revolving credit partnership, following the official expiration of its current partnership with Capital One Financial Corp., according to an internal dealer memo sent to Powersports Finance yesterday. The last day Capital One will accept any new applications for itsRead More

Yamaha Captive Expands Staff to Focus on Prime

Yamaha Captive Expands Staff to Focus on Prime

by November 28, 2016 at 12:04 pm

Yamaha Motor Finance Corp. added a prime underwriting team to its Cypress, Calif.-based headquarters, following the launch of the Yamaha-exclusive credit card and the captive’s expanded focus on prime consumers, said Executive Vice President and Chief Operating Officer Jeff Young. “When we established our nonprime operations, we established a dealerRead More

5 OEMs Kicking Off the Holidays With Finance Incentives

5 OEMs Kicking Off the Holidays With Finance Incentives

by November 25, 2016 at 11:00 am

While Black Friday finance promotions are not common in powersports, with the exception of dealer-offered incentives, many manufacturers are amping up holiday promotions to ease through the slow selling season and prepare dealers for new 2017 inventory, according to analysts. There is a “lull” in the season that hits aroundRead More