Powersports Finance News
HDFS raises provisions 82% YoY as credit performance deteriorates
Harley-Davidson Financial Services increased its provision for credit losses in the first quarter as realized retail credit losses grew. Provision...
Polaris originations increase 17% QoQ
Powersports manufacturer Polaris’ financing partners originated a higher volume on a dollar basis in the first quarter even as North...
Huntington Auto originations up 7% YoY
Huntington’s auto book shrank during the first quarter despite an uptick in originations as the bank prioritizes higher returns. Photographer:...
Truist’s auto book grows YoY despite slowdown
Truist’s auto book grew on a year-over-year basis in the first quarter but dipped sequentially in line with an expected...
Improving inventory presents new headwinds for powersports dealers
Powersports dealers are facing growing supply, rising costs and a dip in pricing margins ahead of a potential recession, causing...
New bill to boost outdoor recreation, powersports industries
America’s Outdoor Recreation Act of 2023 aims to boost outdoor recreation and the surrounding communities and is poised to create...
North American RV registrations down 25% YoY
Motorhome values declined and towable values rose again in February with recreational vehicle retail registrations falling as the market continues...
Powersports financing penetration up 15% from pandemic lows
Financing volume is ticking up at powersports dealerships following pandemic lows, despite rising interest rates. “At one point, hit almost...
