LAS VEGAS — The powersports finance industry will experience more growth next year, despite some “unevenness” in the space lately largely driven by weather-related conditions, MotoLease LLC Chief Executive and President Maurice Salter said at PowerSports Finance 2017.
“Will there be a recession? Maybe or maybe not,” Salter told attendees. “Overall we think there will be growth next year. I think there is growth for everyone. If there is [growth], the industry will take advantage of the fact that we are bringing new products, new ideas, and new methods to industry to help it grow.”
In fact, MotoLease expects to double its volume by next year, although Salter did not specify what the powersports leasing provider’s volume was so far in 2017.
“People buy and lease motorcycles and powersports vehicles, and they will continue to do so,” Salter said. “We believe the fall will be a very busy time.”
Back in late August, Managing Partner Emre Ucer said MotoLease’s portfolio has been growing steadily for the seventh year in a row. “The origination numbers have been increasing 30% year over year since 2010,” he said.
Los Angeles-based MotoLease currently has 1,000 dealers in its network, covering 36 states across the U.S.