Post Tagged with: "ThunderRoad Financial"

Change in License Terms Poised to Boost Slingshot Finance Volume

Change in License Terms Poised to Boost Slingshot Finance Volume

by April 10, 2017 at 10:59 am

Riders in 30 states can now drive a Polaris Slingshot with a valid state driver’s license — instead of a previously required motorcycle license — which could boost sales and even lower credit losses on the three-wheeled vehicles, according to Donal Hummer Jr., ThunderRoad Financial’s chief executive. ThunderRoad Financial isRead More

Royal Enfield Adds 9 Dealers, Edges Closer to Nationwide Expansion

Royal Enfield Adds 9 Dealers, Edges Closer to Nationwide Expansion

by April 3, 2017 at 11:34 am

Royal Enfield North America added nine dealers to its network in March, bringing the manufacturer closer to its goal of expanding nationwide, according to the OEM’s website. Royal Enfield is “actively recruiting” new dealer partners, and set a goal to add between five to 10 dealers per month to theRead More

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