More than half a million vehicles in the Houston area are estimated to be a total loss — including motorcycles and other recreational vehicles — in the wake of flooding damage caused by Hurricane Harvey.
“Short-term motorcycle demand from impacted areas will be hurt,” Wells Fargo Securities analyst Tim Conder said in a published report. Demand will also affect off-road vehicles, but to a lesser degree, as the vehicles can be more utilized in recovery efforts.
As water levels recede, Houston and surrounding areas are assessing the damage and beginning to rebuild. As such, it’s not only auto lenders that are offering financial assistance to affected borrowers, but powersports lenders aim to help as well.
Here are eight powersports companies offering assistance to borrowers in the affected areas:
