LAS VEGAS — Delinquencies are rising and losses are peaking this year in the subprime spectrum of the powersports finance arena, said Donal Hummer, president and chief executive of ThunderRoad Financial.
“We’re seeing what I call a lot of ‘really ugly subprime’ through this last year, and we’re actually amazed that these people are getting credit anyplace,” Hummer said at PowerSports Finance 2016 last week. “But they actually are finding some people to loan to them.”