Post Tagged with: "ThunderRoad Financial"

Exiting Subprime Powersports Lenders Could Spur Dealer Co-Signers

Exiting Subprime Powersports Lenders Could Spur Dealer Co-Signers

by March 15, 2017 at 10:59 am

Shared-risk recourse financing — when the dealership guarantees the paper, and essentially co-signs the loan — between dealerships and lenders could reemerge in powersports if subprime lending options falter, Chris Clovis, dealer principle of Freedom EuroCycle Las Vegas and BMW Motorcycles of Las Vegas, told Powersports Finance. This risk sharingRead More

Lenders Slowly Increase Used Financing Credit as Consumer Demand Rises

Lenders Slowly Increase Used Financing Credit as Consumer Demand Rises

by March 3, 2017 at 10:30 am

Think about all the wear and tear typically put on cars. They’re driven thousands of miles every year; people spill food and drink all over their interiors; and they’re often exposed to the elements where rain, snow, salt, wind, and dust take their toll. After 14 years, many cars areRead More

Powersports ABS Issuances Expected to Slow, Morningstar Says

Powersports ABS Issuances Expected to Slow, Morningstar Says

by February 27, 2017 at 1:12 pm

Powersports lenders are likely to securitize at a slower pace this year — the select few who are looking into ABS issuances — as revenue growth has slowed due to turmoil in the oil and agriculture industry, Jaime Katz, equity analyst for Morningstar Inc., told Powersports Finance. ThunderRoad Financial issuedRead 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

EFG Aims to Lower Defaults With Powertrain Protection

EFG Aims to Lower Defaults With Powertrain Protection

by January 23, 2017 at 11:30 am

EFG Companies is hoping to reduce consumers defaulting on their loans — as well as foster preowned motorcycle unit sales — with the launch of its 1,000,000 Mile Limited Powertrain Protection program, said Glenice Wilder, EFG’s vice president of powersports. “As with some other aftermarket products, the powertrain protection keeps theRead More

Dealer Training Deficit Sparks Opportunity for Lenders

Dealer Training Deficit Sparks Opportunity for Lenders

by January 4, 2017 at 11:30 am

The lack of dealer training is not just a challenge in the powersports industry; it’s an opportunity for lenders to gain marketshare — considering few lenders offer a defined dealer training program — said Chris Clovis, owner and operator of Freedom EuroCycle Las Vegas. “If a lender were to ask me, ‘WhatRead 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

Royal Enfield Looks to Take Consumer Financing Nationwide

Royal Enfield Looks to Take Consumer Financing Nationwide

by December 12, 2016 at 12:30 pm

Royal Enfield North America is in the market for an additional retail financier to bring the OEM’s consumer financing options nationwide, Vice President of Sales Mike Roark told Powersports Finance at the New York Progressive International Motorcycle Show on Friday. However, Royal Enfield is putting all of its focus currentlyRead More