The Auto Finance News team is pleased to announce that the 2021 Powersports Finance Summit will return to the Wynn Las Vegas on Oct. 26.
As the only full-length forum for specialty vehicle financing, attendees will have the opportunity to learn how to grow their businesses, discuss the latest industry data and trends, and network with fellow attendees.
At this sixth annual Powersports Finance Summit, speakers will cover topics such as vehicle values, rising demand, compliance, technology initiatives and lender-dealer relationships.
The powersports vehicle sector is booming. New customers flocked to powersports vehicles during the pandemic, with 50% to 70% of powersports purchases made by first-time buyers. Tight supply and a fresh wave of customers have prompted powersport vehicle values to rise steadily since May 2020, with record highs reached in summer 2021. Utility vehicle values, for one, increased 4.4% from May 2021 to June 2021. In addition, on- and off-road vehicle prices increased 3.9%, and jet boat prices increased 3.3%, according to Black Book.
At the Summit, industry experts will discuss how to capitalize on this increased consumer demand, balance inventory with growing demand, and ways to push powersports sales and finance growth in 2022 and beyond.
The full agenda for the Powersports Finance Summit can be viewed here.