Post Tagged with: "Harley-Davidson"

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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

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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

Harley-Davidson to Bypass Captive for Lease-Like Program, Sources Say

Harley-Davidson to Bypass Captive for Lease-Like Program, Sources Say

by April 12, 2017 at 11:00 am

Harley-Davidson Motor Co. appears poised to offer a “lease-like” program through one of the “big agencies” in the rental space to offer non-traditional leases, said a source who asked to remain unnamed. The source was unsure if this agency will be EagleRider or another rental company. While the specifics ofRead 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

Industry Consolidation Brings Big Banks More Business, Dealer-Operator Says

Industry Consolidation Brings Big Banks More Business, Dealer-Operator Says

by April 4, 2017 at 12:35 pm

As more powersports dealerships consolidate from standalone shops into dealer groups — a trend that is expected to continue this year — the larger banks and financial institutions will begin to see more dealer business, Ozzie Giglio, dealer-operator for The Windy City Motorcycle Co., told Powersports Finance. Dealer acquisitions haveRead More

Speed Leasing Keeps Close Eye on Competitors, Mulls Expansion

Speed Leasing Keeps Close Eye on Competitors, Mulls Expansion

by March 9, 2017 at 1:51 pm

Speed Leasing LLC is sketching plans for the expansion of its leasing program — which in the long-term, could include traditional loan options — in an effort to compete against other players in the space. “When I looked at marketplace over the past couple of years, I had been followingRead 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

Leasing Startup to Launch Dealer Portal

Leasing Startup to Launch Dealer Portal

by February 28, 2017 at 11:30 am

Startup Speed Leasing LLC is gearing up to launch its dealer portal, shortly after it launches operations on March 1, Partner Hasham Malik told Powersports Finance. Speed Leasing, funded by an undisclosed Miami-based private equity firm, plans to have its dealer agreements in place by the end of March and startRead More