Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
+ 0 %

AFN Composite Index

0
+0.44%

Consumer Sentiments

0
+ 0 %

SOFR

0
+ 0 %

APR 48 Mos.

0
+ 0 %

Ducati Grows U.S. Sales in 2017 Amid New Lease-Like Program

William Hoffman
Ducati displays its motorcycles at the 2016 Progressive International Motorcycle Show in New York. (Photo by William Hoffman)

Volkswagen Group’s powersports subsidiary Ducati North America grew U.S. sales by 1.3% year over year in 2017, likely spurred — in part — by the OEM’s new lease-like offering.

Last March, Ducati Financial Services introduced a finance product called Ducati Premier Financing that lowers monthly payments by an average of  $80, and allows consumers to essentially lease a Ducati motorcycle, according to its website. At the end of the term, owners have the option to sell the motorcycle privately, trade for a newer model, or pay it off. There are no wear-and-tear or mileage restrictions, and consumers can opt for a shorter trading cycle if they would like to trade-in for a newer model.

That finance program likely helped boost the OEM’s U.S. sales to 8,898 units and global sales to 55,871 in 2017.

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Aidan Bush

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Subscribe To Our Email Newsletter

Join industry professionals who start their day with our curated auto finance news.

* indicates required

By clicking submit below, you consent to allow Auto Finance News (Royal Media Group) to store and process the personal information submitted above to provide you the content requested.

For more information please visit www.royalmedia.com/legal.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market