Wells Fargo Commercial Distribution Finance extended its dealer financing program with British motorcycle manufacturer Triumph Motorcycles, to continue serving Triumph’s network of North American dealers with inventory financing, the companies announced on Friday.
“We are excited to extend our relationship with Wells Fargo CDF,” Matt Sheahan, Triumph’s chief operating office, said in a press release. “Their ability to provide working capital, market analytics, and financial solutions to our dealers has been and will continue to be a critical component in our dealers’ growth.”
Triumph — which has been operating since 1902 — is the oldest, continually produced motorcycle brand, according to the release. The OEM’s global operations are headquartered in England, with its North American operations based in Atlanta, Ga. Triumph produces a wide range of modern classic, adventure, sport, cruiser, and touring motorcycles. The company works with more than 750 dealers globally.
“Triumph and Wells Fargo CDF have a long-standing, global financing relationship,” Jeremy Jansen, Wells Fargo CDF’s motorsports group president, said in the release. “We are excited for what’s to come between the two companies and we are committed to delivering world-class service to their dealer community.”
Wells Fargo CDF has been in an active renewal period with its manufacturer partners over the past two years, including the inventory financier’s most recent renewals with KTM North America in March and Ducati North America in June.
The OEM renewal pipeline is still strong, Jansen told Powersports Finance in October. “We hope to be able to announce additional renewals by the end of the year,” he said. “On the new OEM front, we are excited to onboard a few manufacturers within the coming year.”