Post Tagged with: "FreedomRoad Financial"

Captives Offer ‘Competitive Advantage,’ Analyst Says

Captives Offer ‘Competitive Advantage,’ Analyst Says

by April 17, 2017 at 11:02 am

Captive finance arms offer a “pretty big competitive advantage” for powersports OEMs, particularly in an environment where independent finance companies are “coming and going,” James Hardiman, managing director of equity research at Wedbush Securities Inc., told Powersports Finance. For example, Speed Leasing LLC began underwriting leases on April 1. SpeedRead More

Polaris Originations Rise 10%, Wholesale Receivables Dip 8% in 2016

Polaris Originations Rise 10%, Wholesale Receivables Dip 8% in 2016

by March 17, 2017 at 11:48 am

Polaris Industries Inc. reported a 10% year-over-year increase to $1.1 million in volume of revolving and installment credit contracts written in 2016, according to the company’s 2016 annual report. Consumers financed approximately 33% of Polaris’ vehicle sales in 2016 through the company’s combined retail finance arrangements with Performance Finance, SheffieldRead 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

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

Polaris Shuts Down Victory Brand, Finance Partners to Remain Intact

Polaris Shuts Down Victory Brand, Finance Partners to Remain Intact

by January 10, 2017 at 11:30 am

Polaris Industries Inc. announced yesterday that it will immediately begin winding down its Victory Motorcycles brand after 18 years of investing in the motorcycles. However, the closing is not expected to alter any financing arrangements Polaris currently has, Director of Investor Relations Richard Edwards told Powersports Finance. “We do not anticipateRead More

OEM Steers Away From Subsidized Financing, For Now

OEM Steers Away From Subsidized Financing, For Now

by November 22, 2016 at 12:59 pm

KTM North America does not see the need to offer subsidized financing yet — while interest rates are still low — despite the slew of powersports manufacturers that are offering financing promotions, said President Jon-Erik Burleson. “For the last two years, the prevailing interest rate has been relatively low,” addedRead More

ThunderRoad Financial Partners With EBR Motorcycles

ThunderRoad Financial Partners With EBR Motorcycles

by November 16, 2016 at 12:45 pm

ThunderRoad Financial partnered with sportbike manufacturer EBR Motorcycles to offer retail financing to participating EBR dealers, the companies announced yesterday. “ThunderRoad Financial has, in the last three years, developed a great reputation for providing competitive and flexible financing programs to motorcycle dealers and their enthusiasts,” Erik Buell, founder and chairmanRead More

KTM North America on Lookout for Leasing Partner

KTM North America on Lookout for Leasing Partner

by November 14, 2016 at 12:00 pm

KTM North America is on the hunt for a leasing partner to offer alternative retail financing options to consumers in order to shorten the buying cycle, said Jon-Erik Burleson, the off-road vehicle manufacturer’s president. “We are looking at some things that we haven’t in the past,” Tom Etherington, KTM’s viceRead More