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

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New boat registrations down 18% YoY

Market adapting amid economic uncertainty, cash buyer influx, with supply cuts

Johnnie Martinez II

Following a year of uncertainty in the powersports and marine industries, marine lenders are tapping into regional opportunities as the market recovers.  Registrations remain down, but higher-end boats are starting to sell as the marine finance market recovers, which is also affecting which customers are returning to the market first, Russell Baqir, senior vice president of recreational financier Northpoint Commercial Finance, told Auto Finance News.  “The people who are coming in with the bank financing […]

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