Post Tagged with: "floorplan financing"

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Wells Fargo CDF Extends Dealer Financing With Suzuki

by April 19, 2017 at 10:50 am

Wells Fargo Commercial Distribution Finance extended its financing program with Suzuki Motor of America Inc., and will continue to serve the manufacturer’s network of powersports and marine dealers with inventory financing, according to a company press release. Suzuki Motor of America distributes motorcycles, ATVs, scooters, and outboard motors via an extensive dealerRead More

Rising Wholesale Interest Rates Place Dealers Under Financial Strain

Rising Wholesale Interest Rates Place Dealers Under Financial Strain

by March 16, 2017 at 12:03 pm

Rising floorplan finance interest rates — and manufacturer’s forcing too much inventory onto the dealer — prompted Buy Your Motorcycle to stop floorplan financing and sell four of its five dealerships, Owner Brad Van Horn told Powersports Finance. Arlington, Texas-based Buy Your Motorcycle now owns one dealership — and all of its inventoryRead More

Northpoint Expands Field Sales Team With New Directors

Northpoint Expands Field Sales Team With New Directors

by February 1, 2017 at 11:30 am

Northpoint Commercial Finance added three directors of business development, in an effort to bolster the existing field sales team and provide enhanced regional coverage to customers, the company announced on Monday. “This is an exciting growth period for Northpoint as we expand our customer base and provide innovative, customized financeRead More

ATV Manufacturer Signs Northpoint as Exclusive Floorplan Financier

ATV Manufacturer Signs Northpoint as Exclusive Floorplan Financier

by January 12, 2017 at 11:30 am

Linhai Powersports USA Corp. signed with Northpoint Commercial Finance to provide exclusive floorplan financing for Linhai’s North American dealer network, the companies announced on Monday. Alpharetta, Ga.-based Northpoint invested in additional field staff to help manage Linhai’s dealer base and attract new dealers, which was a big contributing factor to sealingRead More

EBR Expected to Finalize Floorplan Partner Soon

EBR Expected to Finalize Floorplan Partner Soon

by December 20, 2016 at 12:08 pm

EBR Motorcycles is on the verge of announcing a wholesale financing partnership, Owner Bill Melvin told Powersports Finance at the New York Progressive International Motorcycle Show. “We’ve had some discussions with a few of them [floorplan financiers],” he said. “They have a bigger network, so as we get into newRead More

Powersports Finance Winter Issue Now Live

Powersports Finance Winter Issue Now Live

by December 7, 2016 at 5:28 pm

Following the success of the second annual PowerSports Finance 2016 event, we are excited to announce that the winter issue of Powersports Finance Quarterly is now live, and available to current and new subscribers. The digital publication marks the final issue of 2016, and includes some exclusive coverage of theRead More

REV Group Partners With Wells Fargo CDF for Inventory Financing

REV Group Partners With Wells Fargo CDF for Inventory Financing

by October 31, 2016 at 12:00 pm

Specialty vehicle manufacturer REV Group Inc. partnered with Wells Fargo Commercial Distribution Finance to launch REV Financial Services, a new wholesale captive program for dealer and distributor financing across the U.S. and Canada, the companies announced on Oct. 20. REV Financial Services will provide specialty vehicle and manufactured equipment dealers with a range ofRead More

Wells Fargo CDF Launches CDFconnect Program

Wells Fargo CDF Launches CDFconnect Program

by October 27, 2016 at 10:15 am

Wells Fargo Commercial Distribution Finance launched a full-service solutions program, CDFconnect, in the third quarter, to offer its dealer and OEM partners training, best practices, and succession planning, said Jeremy Jansen, the wholesale financier’s president of the motorsports group. CDFconnect combines CDF’s 60 years of industry and inventory financing experience withRead More