Difficult App Process Equals Deal Breakers for Powersports Dealers
LAS VEGAS — The application process for a dealer to sign on to do business with a lender has become “burdensome,” which is...
ACA Updates Dealer Portal ‘Tailor-Fit’ for Powersports, Director Says
LAS VEGAS — American Credit Acceptance has updated its dealer portal to be “more tailor-fit for motorcycle dealers,” following an expansion into...
Commerce Bank Shifts Focus to Niche Markets, Smaller Dealerships
LAS VEGAS — Commerce Bank is looking at smaller niches in the market to offset a declining SAAR, Indirect Lending Manager...
Harley-Davidson Beefs Up Incentives to Clear Out Carryover Inventory
Harley-Davidson Inc. is boosting its finance offers in response to higher than expected 2016 carryover inventory, Chief Financial Officer John...
Powersports Startup Maps Plan to Address Dealers’ Subprime Dilemma
BOSTON — The only sounds heard inside Ride Today Acceptance’s Beverly, Mass.-based office are the clacking of keyboards and friendly...
ThunderRoad: Lenders Need to Update Scorecards Regularly, Include Child Support
LAS VEGAS -- Powersports lenders need to adjust their scorecards regularly to take new metrics into consideration -- including child support payments...
NPA: Default Rates Expected to Tick Up in 2017
ORLANDO — Default rates are expected to rise going into 2017, particularly as new lenders continue to enter the space...
Pelican Rejects Loans Amid Record-High Fraud
Pelican Auto Finance LLC is experiencing the highest level of fraudulent paystubs “that we’ve ever seen,” resulting in higher return rates for...
