Post Tagged with: "Capital One"

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

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

Yamaha Motor Finance Pilots Credit Card Program

Yamaha Motor Finance Pilots Credit Card Program

by October 14, 2016 at 12:37 pm

ORLANDO — Yamaha Motor Finance Corp. is slated to launch a credit card program nationwide to all authorized Yamaha dealers on Nov. 1, Jeff Young, the captive’s executive vice president and chief operating officer, told dealer partners at the AIMExpo in Orlando yesterday. The program was piloted to select dealersRead More

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Polaris Takes ‘Disciplined’ Approach to Low Fico Consumers, CFO Says

by July 20, 2016 at 11:00 am

Polaris Industries Inc. is working with one of its third-party financial partners “to target deeper into lower credit bands,” Mike Speetzen, the manufacturer’s executive vice president of finance and chief financial officer, said during an earnings call today, “but we are doing it in a deliberate manner” in an effort to serve consumersRead More

Synchrony Boosts Investment in Powersports Industry in 2016

Synchrony Boosts Investment in Powersports Industry in 2016

by July 8, 2016 at 10:30 am

Synchrony Financial plans to boost its investment in the industry, in response to an increasingly competitive landscape, said Keith Mait, Synchrony’s vice president of powersports. “Synchrony is actively investing in powersports through two primary channels,” Mait said. “The first is strengthening our partnerships with our existing OEM customers and theirRead More

Millennials Create ‘Complexities Around Credit,’ Polaris CFO Says

Millennials Create ‘Complexities Around Credit,’ Polaris CFO Says

by May 17, 2016 at 10:30 am

Lenders will not need to change their lending model as more millennial buyers take interest in powersports financing, but financial providers “will have to change the way they go about reviewing and understanding the consumer,” according to Michael Speetzen, Polaris Industries’ Chief Financial Officer. Fico scores in general have been improvingRead More

Polaris Predicts Revolving Credit Void to Be Filled This Year

Polaris Predicts Revolving Credit Void to Be Filled This Year

by May 12, 2016 at 12:01 pm

Polaris Industries Inc. is still seeking a replacement to fill the Capital One Financial Corp. void for revolving credit, but anticipates a lender it’s not currently partnered with to take on the market, Polaris’ Chief Financial Officer Michael Speetzen told Powersports Finance. In the meantime, he said, the financing volumeRead More

Powersports Lender Turnover Spurs Concern

Powersports Lender Turnover Spurs Concern

by April 27, 2016 at 10:30 am

Capital One Financial Corp.’s gradual exit from the market and Wells Fargo & Co.’s recent acquisition of GE Capital’s Commercial Distribution Finance (CDF), has stirred up some concern among many industry leaders, despite the continued growth of the powersports industry. The Wells Fargo CDF acquisition is “too new to seeRead More