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 the ring. The captive launched its Yamaha Credit Card program on Nov. 1.
Additionally, Kawasaki Motors Corp. USA announced a multi-year revolving credit agreement with Citi Retail Services on Dec. 22, set to begin Feb. 1, following the expiration of the OEM’s current program with CapOne.
As 2016 comes to a close, please join us in taking a look back at the top 5 times revolving credit made headlines in Powersports Finance this year — plus a bonus revolving credit headline, which was announced just this week:
- BREAKING: Kawasaki to Reveal Revolving Credit Partnership ‘Very Soon’
- Polaris Predicts Revolving Credit Void to Be Filled This Year
- Is Citi Geared Up to Fill the Void?
- Yamaha Motor Finance Pilots Credit Card Program
- Dealers Looking to Fill CapOne Hole
- BONUS: Kawasaki Signs Multi-Year Agreement With Citi Retail Services