Post Tagged with: "dealer network"

Credit Union Utilizes Special Events to Bulk Up Powersports Dealer Network

Credit Union Utilizes Special Events to Bulk Up Powersports Dealer Network

by February 7, 2017 at 12:41 pm

America’s First Federal Credit Union (AFFCU) upped its powersports dealer network and loan origination volume in 2016, thanks to participating in more dealer-specific events, Bob Jaffe, indirect loan manager, told Powersports Finance. The Birmingham, Ala.-based credit union added five dealers last year, bringing its total network up to 30 dealers, JaffeRead More

More Incentives on the Horizon for Polaris After 2016 Recalls

More Incentives on the Horizon for Polaris After 2016 Recalls

by February 3, 2017 at 11:30 am

Polaris Industries Inc. expects to lean on financing incentives and retail promotions more heavily in 2017, following unfavorable effects spurred by the OEM’s slew of recalls in 2016, said Polaris Chief Executive Scott Wine during the company’s fourth-quarter earnings call. Higher promotional spending and research and development investments are transitory, WineRead More

EFG Aims to Lower Defaults With Powertrain Protection

EFG Aims to Lower Defaults With Powertrain Protection

by January 23, 2017 at 11:30 am

EFG Companies is hoping to reduce consumers defaulting on their loans — as well as foster preowned motorcycle unit sales — with the launch of its 1,000,000 Mile Limited Powertrain Protection program, said Glenice Wilder, EFG’s vice president of powersports. “As with some other aftermarket products, the powertrain protection keeps theRead More

MotoLease Delays Dealer Training Amid Busy Season

MotoLease Delays Dealer Training Amid Busy Season

by January 20, 2017 at 11:30 am

MotoLease LLC has delayed its first two-day dealer training seminar to late April in an effort to accommodate dealers during what — for most — is a busy selling season, Managing Partner Emre Ucer told Powersports Finance. The dealer training was originally scheduled for mid-February, Ucer said. “The problem isRead More

Dealer Training Deficit Sparks Opportunity for Lenders

Dealer Training Deficit Sparks Opportunity for Lenders

by January 4, 2017 at 11:30 am

The lack of dealer training is not just a challenge in the powersports industry; it’s an opportunity for lenders to gain marketshare — considering few lenders offer a defined dealer training program — said Chris Clovis, owner and operator of Freedom EuroCycle Las Vegas. “If a lender were to ask me, ‘WhatRead More

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Dallas Credit Union to Finance Side-by-Sides in 2017

by December 28, 2016 at 10:30 am

Advancial Federal Credit Union will “muscle up” its powersports financing program in 2017 by including side-by-sides and ATVs in its portfolio, Vice President of Lending John Kurtz told Powersports Finance. Side-by-sides are a “hot market” right now, Kurtz said, and the overall credit scores seem to be higher than forRead More

Excel Finance Scouts New Dealers for 2017

Excel Finance Scouts New Dealers for 2017

by December 9, 2016 at 12:30 pm

Excel Finance plans to bolster its dealer network in 2017, on the heels of underwriting improvements this year, Dealer Relations Manager Valerie Figueroa told Powersports Finance. “Our main focus is signing up new dealers,” Figueroa said. “We used 2016 to improve our [underwriting] program, now we are ready to getRead 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