Yamaha Motor Finance Corp. USA is preparing to launch its new wholesale finance captive in the U.S. and the company is partnering with the White Clarke Group to support its efforts, the companies announced in a press release.
YMFUS announced plans to end its 30-year partnership with Wells Fargo CDF and launch its own in-house floorplan financing in September 2017. Since then, Yamaha has hired Brian Hinchman as head of the new wholesale division and detailed plans to offer financing for used vehicles through the new captive.
Yamaha’s wholesale captive will be utilizing the White Clarke Group’s CALMS Compass Floorplan Finance Software, which is already utilized by Yamaha Motor Finance Canada. CALMS Compass supports floorplan business processes from initial credit review to full loan and portfolio servicing.
“The CALMS Compass software is able to offer our business true supply chain integration and exceptional operational efficiency, “Brian Hinchman, vice president of Yamaha Motor Finance, said in a press release. “It will give our dealers the power to manage their own wholesale accounts and support a complete set of competitive wholesale financing options.”
The wholesale captive with the CALM Compass solution is expected to go live in the Q4 of 2018.