Powersports | Auto Finance News

Incentives to Spark Growth in Electric Bike Market, Forecast Says

As manufacturers continue to develop electric motorcycles, increased incentives will spur popularity with consumers, according to a forecast report from Future Market Insights. The electric bike market — which consists of electric motorcycles, scooters, and bicycles — is projected to have a compound annual growth rate (CAGR) of 3.1% and is expected to reflect a […]

Yamaha Unveils Teaser for Adventurous 2019 Side-by-Side [VIDEO]

Yamaha Motor Corp., USA has unveiled its latest side-by-side, the Wolverine X2, in a video post. The Wolverine X2 is configured with a two person cab and was designed to handle work, play, and exploration. The vehicle boasts a newly designed 600-pound-rated piston-assist dump bed with an automotive-style single-hand operated tailgate, and impressive 2,000-pound towing capacity. […]

UTV Market Is Growing, Yet Not a Priority to Some Franchised Dealers

The utility vehicle market is currently on the rise while motorcycles are declining in sales. However, some franchised dealerships don’t make it easy for the consumer to find a UTV, Fran O’Hagan, chief executive and founder of marketing solutions company Pied Piper, told Powersports Finance. While conducting research for a study on the sales process of UTVs […]

Polaris Will Not Finance Boats Despite Acquisition

Polaris Industries will not provide first-party retail financing for marine vehicles following its acquisition of Boat Holdings, a luxury boat manufacturer, Powersports Finance has learned. “Currently, the dealers and consumers handle the retail financing for the various brands,” a Polaris spokeswoman told PSF. Polaris acquired Boat Holdings on May 30, adding the marine sector to its motorcycle, all-terrain vehicle, […]

BRP Completes Refinancing of its Credit Facilities

BRP Inc., a manufacturer of all-terrain vehicles, snowmobiles, and marine crafts, has completed the refinancing of its credit facilities, the OEM announced. A credit facility is an overall credit line that can be broken into multiple credit lines and collateral. It’s often used by businesses to provide capital for multiple purposes and time frames without the […]

Polaris Enters the Marine Sector With Acquisition of Boat Holdings

Polaris Industries, a manufacturer of motorcycles, all-terrain vehicles, and snowmobiles, is entering the marine sector with the acquisition of Boat Holdings, an Indiana-based boat manufacturer, the company announced in a press release. Polaris acquired Boat Holdings for $805 million in cash. The transaction is expected to close in the third quarter of 2018. Boat Holdings specializes […]

Fifth Third Merges With MB Financial, Absorbs Powersports Portfolio

Fifth Third Bank announced it’s acquiring Chicago-based MB Financial Bank earlier this week, along with the company’s powersports portfolio. It’s unclear at this time how the merger will impact the powersports space more generally, but one OEM — Vanderhall Motor Works — is not letting the move derail its pursuits to partner with lenders such as MB […]

American LandMaster Reconsiders Leasing Program After Leadership Shakeup

UTV manufacturer American LandMaster is evaluating the introduction of a lease or rental offering but has yet to determine how the program would work. The manufacturer shelved discussion of a lease program in late 2016 amid companywide leadership changes. “When you have as much change as we’ve had in the last 18 months, some of […]
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