Post Tagged with: "earnings"

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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

Textron Revs Finance Promotions, Following Arctic Cat Acquisition

Textron Revs Finance Promotions, Following Arctic Cat Acquisition

by April 24, 2017 at 12:01 pm

Textron Specialized Vehicles, a subsidiary of Textron Inc., launched several finance incentives for its new off-road line to help dealers sell old inventory, following the manufacturer’s recent acquisition of Arctic Cat Inc., according to the company’s website. The “No Brainer” sales event offers 0% financing for 60 months on select 2015 andRead More

MY17.5 Campaign Imagery.

Incentives Spur HDFS Marketshare to 63% in 1Q

by April 21, 2017 at 11:53 am

Harley-Davidson Financial Services ended the quarter with an overall industry marketshare of 63%, up 6% versus the same time a year prior, according to first-quarter earnings released Tuesday. The growth can be attributed to competitive financing incentives offered on model year 2016 motorcycles, John Olin, Harley-Davidson Inc.’s senior vice presidentRead More

Sheffield Financial Originations Rise 9.9% in 1Q

Sheffield Financial Originations Rise 9.9% in 1Q

by April 20, 2017 at 10:04 am

Sheffield Financial’s loan originations grew 9.9% year over year in the first quarter, from the same time a year prior, according to the company’s earnings released today. Sheffield’s parent company, BB&T Corp., continues to experience “solid” seasonal year-over-year loan growth in the specialized lending segment, which includes powersports finance, Kelly King,Read More

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HDFS Losses ‘Temper,’ Yet Continue to Rise in 1Q

by April 18, 2017 at 12:21 pm

Harley-Davidson Financial Services originated $709.8 million — up 3.8% year-over-year — in the first quarter, according to the company’s earnings call today. Annualized net losses — at 2.3% in 1Q — were up 33 basis points from the prior-year quarter, and to top the highest level the captive has seen since the fourthRead More

The Fading King: Has Harley-Davidson Lost Its Luster?

The Fading King: Has Harley-Davidson Lost Its Luster?

by April 11, 2017 at 10:00 am

Iconic motorcycle manufacturer Harley-Davidson Inc. has had a rough couple years, from competing for marketshare with other manufacturers — who undertook aggressive discounting in 2015 and 2016 — to a slowing demand for its new motorcycles in the U.S. Not to mention that losses for Harley-Davidson Financial Services — which wereRead More

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