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Powersports Finance News

Johnnie Martinez II

Auto Finance Technology sponsored by InformedIQ

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Thor’s North American sales fall 17.9% in fiscal Q4

RV manufacturer Thor Industries’ North American sales fell in its fiscal fourth quarter as shipments declined

Auto credit access hits 10-year high in August as new vehicle prices top $50K

Access for auto loans improved in August thanks to longer terms and more subprime borrowing, despite

CarMax lays off 145 in line with planned cost cuts 

CarMax this week announced layoffs of 145 associates as it looks to “operate with a leaner

Tight inventory controls drive ‘strong payment performance’ across dealer floorplan ABS

Tighter inventory management is contributing to improved performance in floorplan asset-backed securitizations alongside steady year-to-date issuance.

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused

New powersport MSRPs up 24% since 2020, outpace rise in used 

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used,

Capital markets investors treat marine loans with more caution

A lack of performance data leaves investors more hesitant about buying marine loan-backed securities. Banks are

Canadian dealer adds to industry’s floorplan woes (Under the Hood) 

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO

Credit Union Auto Lending Surges

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