Post Tagged with: "Sheffield Financial"

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

Kawasaki Matches Captive Competitors With ‘Aggressive’ Rates

Kawasaki Matches Captive Competitors With ‘Aggressive’ Rates

by December 13, 2016 at 12:30 pm

Kawasaki Motors Corp. USA will take an “aggressive” approach to finance incentives in 2017, to ensure its dealers’ success, and to remain competitive against other OEMs — particularly those with retail finance captives, Senior Vice President of Sales Operations Bill Jenkins told Powersports Finance at the New York Progressive InternationalRead More

5 OEMs Kicking Off the Holidays With Finance Incentives

5 OEMs Kicking Off the Holidays With Finance Incentives

by November 25, 2016 at 11:00 am

While Black Friday finance promotions are not common in powersports, with the exception of dealer-offered incentives, many manufacturers are amping up holiday promotions to ease through the slow selling season and prepare dealers for new 2017 inventory, according to analysts. There is a “lull” in the season that hits aroundRead More

OEM Steers Away From Subsidized Financing, For Now

OEM Steers Away From Subsidized Financing, For Now

by November 22, 2016 at 12:59 pm

KTM North America does not see the need to offer subsidized financing yet — while interest rates are still low — despite the slew of powersports manufacturers that are offering financing promotions, said President Jon-Erik Burleson. “For the last two years, the prevailing interest rate has been relatively low,” addedRead More