Post Tagged with: "originations"

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

Credit Union Paves the Way to Launch Auto-Decisioning in Powersports

Credit Union Paves the Way to Launch Auto-Decisioning in Powersports

by February 24, 2017 at 11:48 am

America’s First Federal Credit Union (AFFCU) is mapping out plans to open up auto-decisioning in powersports, after expanding its auto loan origination system to buy deeper in the credit pool, Bob Jaffe, indirect loan manager, told Powersports Finance. “We have several initiatives underway to help improve efficiencies in our loanRead More

Harley-Davidson Financial Boosts Loss Provisions in 4Q

Harley-Davidson Financial Boosts Loss Provisions in 4Q

by February 17, 2017 at 10:00 am

Harley-Davidson Financial Services loan-loss provision shot up 119% year over year — to $39.8 million — in 2016, driven by higher retail credit losses. The decline came amid a 2.3% year-over-year decline in originations, to $3.1 billion. Losses — up 40 basis points to 1.8% in 4Q16 — continue to reach record highs unseenRead More

HDFS Originations Dip 2.3% in 2016

HDFS Originations Dip 2.3% in 2016

by January 31, 2017 at 11:30 am

Harley-Davidson Financial Services reported a 2.3% year-over-year decline — to $3.1 billion — in total origination volume for 2016 in its latest earnings report. However, loan originations ticked up in 4Q16 to $496.8 million — up 2.8% from the same time a year prior. The captive’s 2016 originations were comprised of 80%Read More

Excel Finance on Track for Double-Digit Origination Growth

Excel Finance on Track for Double-Digit Origination Growth

by December 16, 2016 at 11:30 am

Excel Finance is on target for modest yearend results for powersports loan originations, thanks to altering its program in June to include the financing of all brands of on-road motorcycles, Dealer Relations Manager Valerie Figueroa told Powersports Finance. Previously, the subprime lender financed only Harley-Davidson motorcycles, and accepted other brandsRead More

HDFS Adjusts Underwriting Amid Rising Credit Losses

HDFS Adjusts Underwriting Amid Rising Credit Losses

by October 18, 2016 at 11:13 am

Annualized net losses continue to rise at Harley-Davidson Financial Services — reaching 1.6% in the third quarter, which has caused the company to “adjust” its underwriting in oil-dependent areas, John Olin, Harley-Davidson Inc.’s chief financial officer, said during the company’s third-quarter earnings call today. The losses are at the highest levelRead More

MotoLease Rolls Out Leasing Program for Franchise Dealers

MotoLease Rolls Out Leasing Program for Franchise Dealers

by August 11, 2016 at 11:34 am

MotoLease LLC launched a new leasing program catered to franchise dealers on Monday to boost new-vehicle originations and help franchise dealers increase margins, said Emre Ucer, the company’s managing partner. Only 5% to 10% of MotoLease’s originations are for new vehicles, “but we didn’t have a separate program for the newRead More

Royal CU’s Indirect Powersports Lending ‘Picking Up,’ EVP Says

Royal CU’s Indirect Powersports Lending ‘Picking Up,’ EVP Says

by August 4, 2016 at 12:11 pm

Eau Claire, Wis.-based Royal Credit Union credits a pickup in indirect powersports loan volume to improvements made to its dealer funding process, said Brandon Riechers, the credit union’s executive vice president and chief lending officer. The changes — implemented across its auto and powersports platforms in 2014 — included same-dayRead More