Post Tagged with: "OEM"

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

Royal Enfield Adds 9 Dealers, Edges Closer to Nationwide Expansion

Royal Enfield Adds 9 Dealers, Edges Closer to Nationwide Expansion

by April 3, 2017 at 11:34 am

Royal Enfield North America added nine dealers to its network in March, bringing the manufacturer closer to its goal of expanding nationwide, according to the OEM’s website. Royal Enfield is “actively recruiting” new dealer partners, and set a goal to add between five to 10 dealers per month to theRead 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

EXCLUSIVE: Yamaha Opens Card Program to Other Brands, Used Vehicles

EXCLUSIVE: Yamaha Opens Card Program to Other Brands, Used Vehicles

by February 6, 2017 at 12:50 pm

Yamaha Motor Finance Corp.’s credit card program now includes the ability to finance nearly all powersports brands and used vehicles up to seven years old — for a limited time. The expanded program was launched Feb. 1 and is valid through March 31, according to a document shared with Powersports Finance.Read 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

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

EBR Shuts Down Again, ThunderRoad to Finance Remaining Bikes

EBR Shuts Down Again, ThunderRoad to Finance Remaining Bikes

by January 30, 2017 at 11:30 am

Sportbike manufacturer EBR Motorcycles is winding down production operations this week — just one year after relaunching the business — and only three months after announcing a retail finance partnership with ThunderRoad Financial. “I think it is a sad day for sportbike enthusiasts,” said Donal Hummer Jr., president and chiefRead 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