Matthew Wood

Ducati Continues Global Sales Grow Amid New Finance Programs

• Matthew Wood
• March 19, 2018
• OEMs, Performance & Pricing, Sales & Marketing

Ducati sold 55,871 motorcycles globally, 400 more than the previous year, according to figures released by Audi Group during its annual press conference last week in...

RV-Sharing Platform Grows to More Than 1,000 Users in California

• Matthew Wood
• March 15, 2018
• OEMs, Products

Peer-to-peer RV rental company Mighway has grown its user base to over 1,000 in California, Dave Simmons, chief executive, told Powersports Finance. Originally launching in...

Automated Decisioning Platform Zoot Enterprises Mulls Expansion Into Powersports

• Matthew Wood
• March 14, 2018
• Performance & Pricing, Products, Technology

ORLANDO — Zoot Enterprises, an automated credit decisioning platform, is “in talks” with powersports groups, but requires more data before it commits to the market,...

Northpoint Gears Up for More Growth After Exceeding $1B in Receivables

• Matthew Wood
• March 13, 2018
• OEMs, Performance & Pricing

Northpoint Commercial Finance exceeded $1 billion in receivables in 2017, following its acquisition by LBC Capital — a subsidiary of Laurentian Bank of Canada —...

NPA Grows in Philadelphia, Eyes Expansion in Midwest

• Matthew Wood
• March 9, 2018
• Capital Markets, Dealer Pulse

National Powersports Auction, an auction and remarketing services provider in the powersports industry, moved to a new, larger facility in Bristol, Pa. this month, Jim...

Motus Expands to Additional States, Aims for 100 Dealers

• Matthew Wood
• March 6, 2018
• Dealer Pulse, OEMs, Performance & Pricing

Motus Motorcycles, a high-end motorcycle manufacturer, increased its geographic territories to 19 states last week with the addition of two new states, and is now...

NetSol ‘In Talks’ to Add Powersports Partners to Platform

• Matthew Wood
• March 5, 2018
• Best Practices, Capital Markets, Technology

NetSol Technologies, which provides IT solutions for finance and lease companies, is in talks to sign on new powersports companies to its LeasePak-Cloud platform, Jeffrey...

ZestFinance to Sign With 2 Lender Partners

• Matthew Wood
• March 2, 2018
• Capital Markets, Performance & Pricing, Technology

ZestFinance, an artificial intelligence-based underwriting company, plans to make its foray into powersports with the addition of two potential lender partners, Chief of Staff Kareem Saleh...

RumbleOn Plans to Grow Revenue Beyond $100M in 2018

• Matthew Wood
• March 1, 2018
• Dealer Pulse, Performance & Pricing, Preowned, Products

RumbleOn, the online used-motorcycle retailer, estimates that it will have revenue that exceeds $100 million by yearend 2018, the company announced in fourth-quarter earnings yesterday....

Wells Fargo CDF Named Preferred Floorplan Financier for Mahindra

• Matthew Wood
• February 27, 2018
• Dealer Pulse, OEMs, Products

Wells Fargo Commercial Distribution Finance has been named the preferred floorplan financing source for Mahindra Vehicle Service & Sales, the companies announced in a press...