Post Tagged with: "financing promotion"

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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

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

ARGO Offers 0% Financing Through Dealer Direct

ARGO Offers 0% Financing Through Dealer Direct

by April 6, 2017 at 12:21 pm

ARGO launched a 0% financing incentive, just three months after the extreme terrain vehicle manufacturer teamed up with Dealer Direct to offer its first-ever retail finance program. The spring promotion, dubbed Ride Into Adventure, offers 0% financing for 60 months, plus a three-year limited warranty and $2,000 in free accessoriesRead More

Ducati Unveils Financing Program for 2017 Model Motorcycles

Ducati Unveils Financing Program for 2017 Model Motorcycles

by March 8, 2017 at 1:13 pm

Ducati North America now allows consumers to essentially lease a Ducati motorcycle — in some cases with a lower monthly payment and down payment than a traditional loan — through the OEM’s new financing program, Ducati Premier Financing. The program, which launched March 1, applies to all 2017 Ducati models,Read More

LMG Finance Seeks to Solve Dealer Training Dilemma

LMG Finance Seeks to Solve Dealer Training Dilemma

by February 22, 2017 at 1:50 pm

As powersports dealers struggle to rehash deals and achieve appropriate training from their lender partners, F&I outsource providers like LMG Finance aim to help dealers boost finance volume, Marketing Manager Garret Morrison told Powersports Finance. “Many in-house F&I managers can be counterproductive and negatively impact the timeframe of a deal,Read More

Finance Incentives Offer Slim Benefits for Powersports Dealer

Finance Incentives Offer Slim Benefits for Powersports Dealer

by February 15, 2017 at 2:14 pm

Powersports dealers are struggling to fit “square-peg” consumers into “round holes,” or in other words, attracting subprime consumers with prime-targeted, OEM-sponsored incentive offers, Chris Clovis, dealer principle of Freedom EuroCycle Las Vegas and BMW Motorcycles of Las Vegas, told Powersports Finance. The OEM-sponsored finance incentives that have come out in recentRead More

Harley-Davidson to Lean on HDFS More in 2017, Despite Rising Losses

Harley-Davidson to Lean on HDFS More in 2017, Despite Rising Losses

by February 13, 2017 at 1:10 pm

It appears that Harley-Davidson Inc. will be relying more on its captive Harley-Davidson Financial Services this year — despite rising credit losses — as more discounts and financial incentives are anticipated from foreign manufacturers. “Harley-Davidson’s primary promotional tool over the years has been financing incentives,” said James Hardiman, managing directorRead More