Post Tagged with: "Chrome Capital"

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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

Polaris Originations Rise 10%, Wholesale Receivables Dip 8% in 2016

Polaris Originations Rise 10%, Wholesale Receivables Dip 8% in 2016

by March 17, 2017 at 11:48 am

Polaris Industries Inc. reported a 10% year-over-year increase to $1.1 million in volume of revolving and installment credit contracts written in 2016, according to the company’s 2016 annual report. Consumers financed approximately 33% of Polaris’ vehicle sales in 2016 through the company’s combined retail finance arrangements with Performance Finance, SheffieldRead More

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

Countdown Continues: Top 5 Subprime Stories of 2016

Countdown Continues: Top 5 Subprime Stories of 2016

by December 28, 2016 at 11:30 am

While subprime finance options are still lagging in powersports today, some lenders and startups have emerged, or increased their footprint in the industry to pick up the slack in 2016 — including Ride Today Acceptance and virtual F&I office Full Throttle Finance. Adding to the dearth of options, however, wasRead More

Powersports Leasing Could Gain Momentum With Right Provider

Powersports Leasing Could Gain Momentum With Right Provider

by November 9, 2016 at 12:46 pm

Leasing has the opportunity to gain momentum at Adam Smith Harley-Davidson — given the right provider and shortened terms — even though the dealership family only has about one or two lease deals each year, said Neil Noble, partner at Adam Smith Harley-Davidson. “I think for leasing, in order for itRead More

Chrome Capital to Shut Down Amid Investor Pullout

Chrome Capital to Shut Down Amid Investor Pullout

by October 3, 2016 at 12:14 pm

Motorcycle leasing provider Chrome Capital stopped accepting lease applications on Sept. 15, and is expected to close its doors amid a halt in investment funding from Leucadia National Corp., according to Leucadia’s third-quarter earnings report. “This is really a shift dictated by our major investors who — for their own reasonsRead More

Chrome Capital on Track for Yearend Goals

Chrome Capital on Track for Yearend Goals

by August 29, 2016 at 10:36 am

Chrome Capital is on pace to double its year-over-year originations again, in addition to reaching its goal of netting 200 dealers to its existing network of 750 by yearend, thanks to the company’s continued success in the subprime market, said Founder, President, and Chief Executive Peter Wasmer. The motorcycle leasing providerRead More

Synchrony’s Mait to Participate in Fireside Chat at PowerSports Finance 2016

Synchrony’s Mait to Participate in Fireside Chat at PowerSports Finance 2016

by August 25, 2016 at 11:20 am

Keith Mait, vice president and industry leader for Synchrony Financial’s powersports business, will sit down for a fireside chat at PowerSports Finance 2016, on Oct. 5 in Las Vegas. At Synchrony, Mait is responsible for driving strategic direction and profitable growth for the lender’s powersports segment across a number ofRead More