Post Tagged with: "Sheffield Financial"

UTV Manufacturer Looks to Expand Dealer Finance Offering

UTV Manufacturer Looks to Expand Dealer Finance Offering

by May 16, 2017 at 10:46 am

American LandMaster, an off-road utility vehicle manufacturer, seeks to increase the number of months it offers dealer partners with free floorplan financing to six months — up from its three-month offering — in an effort to remain competitive, Marketing Director Eric Hall told Powersports Finance. “As we add new dealers,Read More

Photo by William Hoffman / Royal Media Group

Polaris Retail Finance Penetration Drops in 1Q

by April 25, 2017 at 12:11 pm

Polaris Industries Inc.‘s retail finance penetration rate declined to 31% in the first quarter, despite a higher credit approval rate, according to the OEM’s earnings report, released today. By comparison, Polaris reached 40% penetration on a 57% approval rate in the first quarter of 2016. The decline in penetration wasRead More

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

McKay to Replace Ellison as Sheffield President

McKay to Replace Ellison as Sheffield President

by March 23, 2017 at 12:13 pm

Sheffield Financial, a division of BB&T Corp., tapped Jeff McKay to serve as president, effective April 1, just shy of eight months after announcing Jeff Ellison will take the position. Ellison will transition to a new role as loan administrator with the BB&T Commercial Real Estate and Commercial Credit Administration groups,Read More

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

Octane Lending Takes Cautious Approach to Scaling Finance Startup

Octane Lending Takes Cautious Approach to Scaling Finance Startup

by February 14, 2017 at 1:49 pm

Octane Lending might be in the market for additional lender partners to help back its new finance subsidiary Roadrunner Financial, Chief Executive Jason Guss told Powersports Finance. However, Octane is taking a conservative approach to scaling the business, to avoid complicating the operations with too many financial providers. Roadrunner Financial,Read More

Sheffield Sees 12% Climb in 4Q Originations

Sheffield Sees 12% Climb in 4Q Originations

by January 19, 2017 at 1:13 pm

Sheffield Financial’s loan originations grew 12.1% year over year in the fourth quarter, from the same time a year prior, according to the company’s earnings released today. BB&T Corp. — Sheffield’s parent company — consistently sees seasonally strong loan growth in its specialized lending segment, which includes powersports finance, KellyRead More

BRP Expands Retail Finance Options With Citi, Roadrunner Partnerships

BRP Expands Retail Finance Options With Citi, Roadrunner Partnerships

by January 11, 2017 at 11:30 am

Bombardier Recreational Products Inc. expanded its retail financing options with two new long-term agreements with Citi Retail Services and Roadrunner Financial, the company announced yesterday. Citi’s new partnership with BRP will include a private-label credit card and support for a new online dealer portal, which will provide authorized BRP dealers withRead More