Powersports Finance News
Harley-Davidson decreases loan loss provisions in Q3
Harley-Davidson Financial Services saw decreased originations in the third quarter and scaled back its loan loss provisions. Originations declined 4.2%...
Polaris taps Zero Motorcycles to electrify its off-road vehicles
Polaris Inc. plans to electrify its off-road vehicles and snowmobiles with powertrains purchased from Zero Motorcycles, a California maker of...
Street bikes, cruisers log Sept. price hikes
The COVID-19 pandemic has led to "unprecedented" price increases in September for powersports road segments such as street bikes and...
First-time buyers prop up boat demand as sales continue to increase
Retail boat sales continued to increase in July despite inventory challenges, as more consumers look for ways to socially distance and still get out...
Polaris reported lowest North American supply in over 20 years in Q2
Polaris Inc. inventory levels fell 47% from last quarter, the lowest recorded in over 20 years in the North American...
Harley-Davidson ups loan loss provisions, plans restructure
Harley-Davidson will scale back its motorcycle model offerings and focus on high performing markets during the next five years. The...
Q2 powersports sales strong despite low inventory
The coronavirus pandemic spurred powersports sales in the second quarter, but inventory woes continue to plague the industry. Many powersport vehicle dealers saw...
Truist Bank ups credit loss provisions, boosts powersports loans
Truist Bank continues to accrue for potential loan losses as the country faces the coronavirus economic crisis. Truist’s provision for credit losses totaled $844 million “given...
