Post Tagged with: "dealer inventory"

Rising Wholesale Interest Rates Place Dealers Under Financial Strain

Rising Wholesale Interest Rates Place Dealers Under Financial Strain

by March 16, 2017 at 12:03 pm

Rising floorplan finance interest rates — and manufacturer’s forcing too much inventory onto the dealer — prompted Buy Your Motorcycle to stop floorplan financing and sell four of its five dealerships, Owner Brad Van Horn told Powersports Finance. Arlington, Texas-based Buy Your Motorcycle now owns one dealership — and all of its inventoryRead More

Triumph Re-Signs With Wells Fargo CDF

Triumph Re-Signs With Wells Fargo CDF

by December 5, 2016 at 12:30 pm

Wells Fargo Commercial Distribution Finance extended its dealer financing program with British motorcycle manufacturer Triumph Motorcycles, to continue serving Triumph’s network of North American dealers with inventory financing, the companies announced on Friday. “We are excited to extend our relationship with Wells Fargo CDF,” Matt Sheahan, Triumph’s chief operating office,Read More

Kawasaki Captive Cuts Out Curtailments for Off-Season

Kawasaki Captive Cuts Out Curtailments for Off-Season

by November 23, 2016 at 1:00 pm

Kawasaki Motors Finance Corp. removed curtailment charges during the colder weather months to help its dealer partners through the slower selling season, said Steven Chavez, the wholesale captive’s senior manager of credit services. Curtailments are the action of requiring a portion of the floorplan loan to be repaid after aRead More

REV Group Partners With Wells Fargo CDF for Inventory Financing

REV Group Partners With Wells Fargo CDF for Inventory Financing

by October 31, 2016 at 12:00 pm

Specialty vehicle manufacturer REV Group Inc. partnered with Wells Fargo Commercial Distribution Finance to launch REV Financial Services, a new wholesale captive program for dealer and distributor financing across the U.S. and Canada, the companies announced on Oct. 20. REV Financial Services will provide specialty vehicle and manufactured equipment dealers with a range ofRead More

CDF Teams Up With NPA to Launch Finance Program

CDF Teams Up With NPA to Launch Finance Program

by September 20, 2016 at 12:22 pm

Wells Fargo Commercial Distribution Finance teamed up with National Powersport Auctions to launch a finance program that will help independent dealers maintain ideal inventory levels throughout the sale cycle, according to a company press release. The new venture will also provide dealers with inventory financing to help minimize capital outlays forRead 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

Inventory Notifier Launched to ‘Connect Dots’ Between Dealer, Financier

Inventory Notifier Launched to ‘Connect Dots’ Between Dealer, Financier

by April 26, 2016 at 10:30 am

ARI Network Services Inc. launched Inventory Notifier, a new feature to ARI’s platform designed to help powersports dealers “connect the dots” between the dealer, consumer, and financial provider, according to Vice President of Product Management Brad Smith. Inventory Notifier allows dealers to acquire more leads by providing consumers the ability toRead More

Photo by Schedl R. / KTM

Wells Extends KTM Floorplan Partnership

by March 29, 2016 at 10:30 am

Wells Fargo Commercial Distribution Finance (CDF) has extended its inventory financing program with motorcycle manufacturer KTM through 2020, the companies announced today. CDF will support dealership floorplan financing for off-road, street, and motocross motorcycles across Mattighofen, Austria-based KTM’s network of North American dealers, according to a company press release. Supported models include the Enduro,Read More