Post Tagged with: "financing promotion"

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

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

Textron Acquires Arctic Cat for $247 Million

Textron Acquires Arctic Cat for $247 Million

by January 26, 2017 at 11:30 am

Textron Inc. has agreed to buy Arctic Cat Inc. in an all-cash transaction valued at approximately $247 million, plus the assumption of existing debt, the companies announced yesterday. The purchase price is $18.50 per share, a 40.7% premium to Arctic Cat’s closing price on Jan. 20. It is unclear, as yet,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

Kawasaki Matches Captive Competitors With ‘Aggressive’ Rates

Kawasaki Matches Captive Competitors With ‘Aggressive’ Rates

by December 13, 2016 at 12:30 pm

Kawasaki Motors Corp. USA will take an “aggressive” approach to finance incentives in 2017, to ensure its dealers’ success, and to remain competitive against other OEMs — particularly those with retail finance captives, Senior Vice President of Sales Operations Bill Jenkins told Powersports Finance at the New York Progressive InternationalRead More