Post Tagged with: "earnings"

Harley-Davidson Financial Boosts Loss Provisions in 4Q

Harley-Davidson Financial Boosts Loss Provisions in 4Q

by February 17, 2017 at 10:00 am

Harley-Davidson Financial Services loan-loss provision shot up 119% year over year — to $39.8 million — in 2016, driven by higher retail credit losses. The decline came amid a 2.3% year-over-year decline in originations, to $3.1 billion. Losses — up 40 basis points to 1.8% in 4Q16 — continue to reach record highs unseenRead 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

HDFS Originations Dip 2.3% in 2016

HDFS Originations Dip 2.3% in 2016

by January 31, 2017 at 11:30 am

Harley-Davidson Financial Services reported a 2.3% year-over-year decline — to $3.1 billion — in total origination volume for 2016 in its latest earnings report. However, loan originations ticked up in 4Q16 to $496.8 million — up 2.8% from the same time a year prior. The captive’s 2016 originations were comprised of 80%Read 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

Sheffield Sees 12% Climb in 4Q Originations

Sheffield Sees 12% Climb in 4Q Originations

by January 19, 2017 at 1:13 pm

Sheffield Financial’s loan originations grew 12.1% year over year in the fourth quarter, from the same time a year prior, according to the company’s earnings released today. BB&T Corp. — Sheffield’s parent company — consistently sees seasonally strong loan growth in its specialized lending segment, which includes powersports finance, KellyRead More

BRP Expands Retail Finance Options With Citi, Roadrunner Partnerships

BRP Expands Retail Finance Options With Citi, Roadrunner Partnerships

by January 11, 2017 at 11:30 am

Bombardier Recreational Products Inc. expanded its retail financing options with two new long-term agreements with Citi Retail Services and Roadrunner Financial, the company announced yesterday. Citi’s new partnership with BRP will include a private-label credit card and support for a new online dealer portal, which will provide authorized BRP dealers withRead More

Arctic Cat Hikes Incentives as Sales Decline

Arctic Cat Hikes Incentives as Sales Decline

by November 10, 2016 at 12:49 pm

Arctic Cat Inc. continues to ramp up financing promotions in response to heightened competition and declining sales, according to the company’s fiscal 2017 second-quarter earnings report yesterday. “We are committed to decreasing our dealers’ inventory to ensure they’re in a healthy inventory position, despite the weakened environment,” Chief Executive ChrisRead More

Harley-Davidson Beefs Up Incentives to Clear Out Carryover Inventory

Harley-Davidson Beefs Up Incentives to Clear Out Carryover Inventory

by October 21, 2016 at 10:10 am

Harley-Davidson Inc. is boosting its finance offers in response to higher than expected 2016 carryover inventory, Chief Financial Officer John Olin said during the third-quarter earnings call on Tuesday. “Model year 2016 carryover inventory is a much bigger percentage of the total inventory that we have in the system thanRead More