Post Tagged with: "Yamaha Motor Corp."

Lenders Lured to GPS, Yet Slow to Invest

Lenders Lured to GPS, Yet Slow to Invest

by May 19, 2017 at 10:00 am

As repossessions continue to rise, powersports lenders are looking for ways to help bolster vehicle recoveries. While GPS units are a useful device in auto finance used to assist lenders with the tracking and repossession of cars, the device hasn’t quite caught on in powersports — for many reasons. WithRead More

Photo by William Hoffman / Royal Media Group

BREAKING: Honda Partners With Citi for Revolving Credit Program

by May 15, 2017 at 11:51 am

American Honda Motor Co., in partnership with Citi Retail Services, launched the Honda Powersports Revolving Finance Program, along with several dealer incentives, according to a document shared with Powersports Finance. Honda and Citi will offer “fully integrated marketing programs,” special financing for up to 72-month terms, an exclusive rebate offerRead More

The Fading King: Has Harley-Davidson Lost Its Luster?

The Fading King: Has Harley-Davidson Lost Its Luster?

by April 11, 2017 at 10:00 am

Iconic motorcycle manufacturer Harley-Davidson Inc. has had a rough couple years, from competing for marketshare with other manufacturers — who undertook aggressive discounting in 2015 and 2016 — to a slowing demand for its new motorcycles in the U.S. Not to mention that losses for Harley-Davidson Financial Services — which wereRead More

East Texas Dealer Eyes Lenders to Bulk Up Millennial Loan Approvals

East Texas Dealer Eyes Lenders to Bulk Up Millennial Loan Approvals

by March 7, 2017 at 10:30 am

Ross Motorsports is on the lookout for lender partners, particularly those with financing programs for millennial buyers, in an effort to boost approval rates, said newly promoted General Manager Ryan Williams. The Lufkin, Texas-based dealership sells Arctic Cat Inc., Yamaha Motor Corp., and American Honda Motor Co. brand vehicles. RossRead More

Ross Motorsports Doubles Finance Income, Partners With MB Financial

Ross Motorsports Doubles Finance Income, Partners With MB Financial

by February 23, 2017 at 12:00 pm

Ross Motorsports doubled its finance income garnered through its seven lender partners in 2016, as compared with 2015, and expects more growth this year, thanks — in part — to a new partnership with MB Financial Bank, the dealership’s General Manager Ryan Williams told Powersports Finance. Ross Motorsports has been gathering adviceRead More

Harley-Davidson to Lean on HDFS More in 2017, Despite Rising Losses

Harley-Davidson to Lean on HDFS More in 2017, Despite Rising Losses

by February 13, 2017 at 1:10 pm

It appears that Harley-Davidson Inc. will be relying more on its captive Harley-Davidson Financial Services this year — despite rising credit losses — as more discounts and financial incentives are anticipated from foreign manufacturers. “Harley-Davidson’s primary promotional tool over the years has been financing incentives,” said James Hardiman, managing directorRead More

EXCLUSIVE: Yamaha Opens Card Program to Other Brands, Used Vehicles

EXCLUSIVE: Yamaha Opens Card Program to Other Brands, Used Vehicles

by February 6, 2017 at 12:50 pm

Yamaha Motor Finance Corp.’s credit card program now includes the ability to finance nearly all powersports brands and used vehicles up to seven years old — for a limited time. The expanded program was launched Feb. 1 and is valid through March 31, according to a document shared with Powersports Finance.Read More

Top 5 Times Revolving Credit Made Headlines

Top 5 Times Revolving Credit Made Headlines

by December 30, 2016 at 11:30 am

After Capital One Financial Corp. announced its gradual exit from the powersports finance space late last year, revolving credit quickly dominated headlines throughout 2016. There has been industry chatter regarding which companies will fill the revolving credit void, and Yamaha Motor Finance Corp. already threw its proverbial hat into theRead More