Powersports Finance News
Powersports promotions rise in December
Powersports promotions increased in December on a year-over-year basis as dealership inventory rose and consumer demand deteriorated. Manufacturers have been...
NYC Council member pushes e-bike registration
A quiet war is being fought in New York over e-bike registrations. New York City Council member Robert Holden and...
RV sales down as dealers de-fleet old models
New retail sales of recreational vehicles are projected to be down by 20% in 2023 as dealers spent much of...
KKR buys BMO’s $7B RV loan portfolio as banks shed debt
A group led by KKR & Co. has purchased a roughly $7.2 billion portfolio of recreational vehicle loans from Canada’s...
Powersports financiers gain new market share amid CU tightening
Credit unions have lost ground in new-unit powersports financing this year amid rising rates and an uptick in competition, opening...
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...
