Post Tagged with: "Polaris Industries"

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

Auro Boosts Production, Expanding Autonomous Shuttles to Public Roads

Auro Boosts Production, Expanding Autonomous Shuttles to Public Roads

by February 9, 2017 at 10:00 am

Many — if not all — major OEMs have already started testing self-driving cars. While there are no driverless cars on public roads today, there are a few roaming in more closed environments. Auro Robotics — a mobility-as-a-service provider — has had its electric, self-driving shuttle making one-mile loops on Santa Clara University’s campusRead 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

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

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

Final Countdown: Top 5 Powersports Stories of 2016

Final Countdown: Top 5 Powersports Stories of 2016

by January 1, 2017 at 11:30 am

This year has been a busy one for the powersports finance industry, with several new partnerships, renewals, programs, and captives announced. Despite a relatively flat growth year, according to analysts, several lenders doubled year-over-year loan and lease originations, and some even reported record-breaking years. However, some financial provider’s struggled —Read More

ThunderRoad Alters Slingshot Underwriting Amid Rising Losses

ThunderRoad Alters Slingshot Underwriting Amid Rising Losses

by December 7, 2016 at 12:30 pm

ThunderRoad Financial is taking a more “conservative” approach to financing Slingshot vehicles, due to higher losses — double — than other powersports vehicles in its portfolio, said President and Chief Executive Donal Hummer Jr. “We haven’t pulled back from financing them, but we are being conservative on how we areRead More