Post Tagged with: "Kawasaki"

Sheffield Financial Originations Rise 9.9% in 1Q

Sheffield Financial Originations Rise 9.9% in 1Q

by April 20, 2017 at 10:04 am

Sheffield Financial’s loan originations grew 9.9% year over year in the first quarter, from the same time a year prior, according to the company’s earnings released today. Sheffield’s parent company, BB&T Corp., continues to experience “solid” seasonal year-over-year loan growth in the specialized lending segment, which includes powersports finance, Kelly King,Read More

Lenders Slowly Increase Used Financing Credit as Consumer Demand Rises

Lenders Slowly Increase Used Financing Credit as Consumer Demand Rises

by March 3, 2017 at 10:30 am

Think about all the wear and tear typically put on cars. They’re driven thousands of miles every year; people spill food and drink all over their interiors; and they’re often exposed to the elements where rain, snow, salt, wind, and dust take their toll. After 14 years, many cars areRead More

Powersports Dealers Alter F&I Strategy to Adapt to Millennial Buyers

Powersports Dealers Alter F&I Strategy to Adapt to Millennial Buyers

by February 16, 2017 at 12:53 pm

Powersports lenders are struggling to adapt to millennial buyers entering the market as the baby boomers age out, which has spurred more pressure on dealers in the F&I office. One of the larger issues with a younger generation of buyers is that they want to “get too much bike” forRead More

Kawasaki Signs Multi-Year Agreement With Citi Retail Services

Kawasaki Signs Multi-Year Agreement With Citi Retail Services

by December 23, 2016 at 9:00 am

Kawasaki Motors Corp. USA announced a multi-year agreement with Citi Retail Services yesterday, which will provide dealers with another financing option for their customers — a private-label credit card program. Customers will be able to apply for credit through an authorized Kawasaki dealership, according to a press release. The OEM will begin contacting KawasakiRead More

eBay is Great for Ads, but Does it Move Metal?

eBay is Great for Ads, but Does it Move Metal?

by June 7, 2016 at 10:30 am

While “aggressive” dealers still pursue inventory sales on eBay Motors, private-party financing through the online retailer remains dim, experts say. The company’s platform for buying and selling vehicles — ebay Motors — which currently hosts more than 30,000 automotive dealers, also provides a financing channel for buyers, dubbed the FinancingRead More

Lack of Data Causes ‘Tighter’ Lending, Westlake Risk Exec Says

Lack of Data Causes ‘Tighter’ Lending, Westlake Risk Exec Says

by May 24, 2016 at 9:52 am

Westlake Financial Services has seen “incremental growth” within its powersports lending this year, particularly with used vehicles, according to Chris Urban, the company’s vice president of risk management. However, the powersports field has not been backed yet in terms of risk in underwriting, he told Powersports Finance. Los Angeles-based WestlakeRead More

Suzuki Re-Signs with Synchrony Financial

Suzuki Re-Signs with Synchrony Financial

by May 6, 2016 at 10:30 am

Suzuki Motor of America renewed its partnership with Synchrony Financial, effective May 1, to expand financing options for consumers of the OEM’s powersports products. Keith Mait, Synchrony’s vice president of powersports, called the multi-year renewal an example of Synchrony’s “commitment to the industry.” Synchrony is also “hopeful” that the renewedRead More

Powersports Lender Turnover Spurs Concern

Powersports Lender Turnover Spurs Concern

by April 27, 2016 at 10:30 am

Capital One Financial Corp.’s gradual exit from the market and Wells Fargo & Co.’s recent acquisition of GE Capital’s Commercial Distribution Finance (CDF), has stirred up some concern among many industry leaders, despite the continued growth of the powersports industry. The Wells Fargo CDF acquisition is “too new to seeRead More