Powersports Finance News
Thor increases incentives as sales slump
Thor Industries increased incentives for the fourth consecutive quarter as North American sales slumped heading into the winter season. Promotion...
BRP powersports sales flat YoY as demand wanes
Canadian powersports manufacturer Bombardier Recreational Products’ North American retail sales were stagnant alongside declining consumer demand amid macroeconomic conditions. BRP’s...
VIN system could make e-bikes more attractive to powersports lenders
E-bikes have proven to be a tough segment for powersports financiers to enter, largely due to the lack of security...
Honda to invest $3.4 billion in electric motorcycles by 2030
Honda Motor Co. will invest ¥500 billion ($3.4 billion) in its electric motorcycle business by 2030 and has raised its...
Motorhome values rise, towables decline in October
Motorhome values inched up in October amid the general downward trend seen in the wholesale market since May, while towable...
3 best practices for building digital powersports F&I tools
The pandemic-spurred shift to digitalization has allowed powersports lenders and dealers to experiment with ways to offer finance and insurance...
Octane, NPA’s Woodruff earn inaugural Powersports Finance Achievement Awards
Powersports lender Octane and National Powersport Auctions Chief Executive Jim Woodruff were the recipients of the inaugural Powersports Finance Achievement...
RumbleOn eyes portfolio sale in Q4
RumbleOn plans to sell its consumer finance portfolio in the fourth quarter as the powersports retailer winds down its financing...
