Yamaha North America finance portfolio grows 8% despite sales decline

Yamaha Motor’s North American loan portfolio grew 8.1%, while motorcycle sales in the region declined, the company announced in its third-quarter earnings report.

Yamaha’s financial services portfolio grew to $2.0 billion from $1.8 billion in North America year over year. The company did not cite a reason for growth.

The growth in financial services comes as motorcycle sales dropped 5% to $296.5 million in North America. The number of units sold fell to 48,000 from 49,000 year over year. Global motorcycles sales also experienced a decline in the period, falling 1.9% to $6.8 billion.

Meanwhile, other Yamaha powersports segments experienced sales growth. Specifically, North American marine vehicle sales rose 5.3% year over year, to $1.5 billion.

Additionally, the increase in unit sales of all-terrain vehicles and recreational off-highway vehicles in North America “led to healthy sales and reduced losses,” Yamaha wrote in a press release. North American sales in the recreational vehicle category, which includes ATVs and UTVs, grew 4.8% year over year to $536.9 million.

Matthew Wood

Matt Wood is the Associate Editor of PowerSports Finance, where he is responsible for covering all the latest news, trends, and innovations with powersports lenders and dealerships. Previously, Matt was a writer for Auto Finance News before switching full-time to PowerSports Finance. He is also an experienced entertainment news writer covering pop culture, movies, and TV shows. Matt received his Bachelor’s degree in Communication from Rowan University in New Jersey.

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