Post Tagged with: "dealers"

MotoLease Revs Up New Inventory Website, Dealer Portal

MotoLease Revs Up New Inventory Website, Dealer Portal

by May 18, 2017 at 10:00 am

MotoLease LLC is bolstering its technology initiatives this year, starting with a new dealer inventory website, Managing Partner Emre Ucer told Powersports Finance. The new site will allow authorized dealers to list inventory, and consumers can view the pricing, estimate monthly payments, and pre-qualify for loans, Ucer said. The websiteRead More

Lenders Turn to Dealers as Fraudulent Loan Activity Escalates

Lenders Turn to Dealers as Fraudulent Loan Activity Escalates

by May 12, 2017 at 11:07 am

Consumer fraud continues to rise, as evidenced by two men who were arrested this week for producing fraudulent documents to finance the purchase of motorcycles from three dealerships in Long Island, N.Y. One of the men produced a fraudulent license and a fraudulent credit card to obtain a loan, toRead More

MotoLease to Host Second Dealer Seminar This Fall

MotoLease to Host Second Dealer Seminar This Fall

by May 11, 2017 at 12:08 pm

MotoLease LLC is planning another dealer seminar for September, following a successful training session in late April, Managing Partner Emre Ucer told Powersports Finance. The September seminar will be offered over two days, with a focus on training dealers to use some of MotoLease’s new product and system enhancements —Read More

Wells Fargo CDF to Roll Out Pre-Owned Dealer Rewards Program

Wells Fargo CDF to Roll Out Pre-Owned Dealer Rewards Program

by April 27, 2017 at 11:00 am

Well Fargo Commercial Distribution Finance will launch a dealer rewards program early next month in the wake of increasing consumer demand for pre-owned vehicles, Jeremy Jansen, president of the company’s motorsports group, told Powersports Finance. “We are very excited to deliver inventory financing solutions to the pre-owned space,” he said.Read More

American Cycle Sets Monthly Goal for Dealers, Ramps Up Training

American Cycle Sets Monthly Goal for Dealers, Ramps Up Training

by April 14, 2017 at 12:26 pm

American Cycle Finance set a monthly contract goal for its dealers in an effort to increase volume following the company’s acquisition by Cardiff International Inc., Ben Donnarumma, managing director of American Cycle, told Powersports Finance. American Cycle — formerly known as Ride Today Acceptance — makes loans in 15 statesRead More

Industry Consolidation Brings Big Banks More Business, Dealer-Operator Says

Industry Consolidation Brings Big Banks More Business, Dealer-Operator Says

by April 4, 2017 at 12:35 pm

As more powersports dealerships consolidate from standalone shops into dealer groups — a trend that is expected to continue this year — the larger banks and financial institutions will begin to see more dealer business, Ozzie Giglio, dealer-operator for The Windy City Motorcycle Co., told Powersports Finance. Dealer acquisitions haveRead More

Royal Enfield Adds 9 Dealers, Edges Closer to Nationwide Expansion

Royal Enfield Adds 9 Dealers, Edges Closer to Nationwide Expansion

by April 3, 2017 at 11:34 am

Royal Enfield North America added nine dealers to its network in March, bringing the manufacturer closer to its goal of expanding nationwide, according to the OEM’s website. Royal Enfield is “actively recruiting” new dealer partners, and set a goal to add between five to 10 dealers per month to theRead More

3 Best Compliance Practices for Dealer Management

3 Best Compliance Practices for Dealer Management

by March 30, 2017 at 11:23 am

As the powersports industry approaches what is considered by most a busy season, lenders will need to devote time and resources to compliance due diligence practices, with particular emphasis on dealer management and monitoring consumer complaints. Specifically, lenders must make sure their dealer partners are properly licensed and have solidRead More