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8 Powersports Lenders Offer Aid to Harvey Borrowers

More than half a million vehicles in the Houston area are estimated to be a total loss — including motorcycles and other recreational vehicles — in the wake of flooding damage caused by Hurricane Harvey. “Short-term motorcycle demand from impacted areas will be hurt,” Wells Fargo Securities analyst Tim Conder said in a published report. […]

Citi Eyes More Partners, Following Honda Revolving Credit Program

Citi Retail Services is still looking for other partners across the powersports industry, following its recent announcement of a long-term agreement with American Honda Motor Corp., said Leslie McNamara, managing director and executive vice president of business and market development at Citi Retail Services. “We are regularly evaluating new partners and are engaged in conversations with various […]

5 OEM Finance Offers for July

As warm weather brings out more riders — and increased sales — several manufacturers are launching promotions and special offers. From low-rate financing to customer cash-back offers, OEMs are ramping up incentives to help bolster new sales, and help clear out carryover inventory. Here is the monthly roundup of some of the offers in the […]
  • Natalie Mattila
  • July 12, 2017
  • Archives

5 Powersports OEMs Kicking Off the Summer With Hot Offers

As summer nears — initiating what many industry leaders consider to be the selling season in powersports — several promotions have been introduced into the market in recent weeks. From low-rate financing to customer cash-back offers, manufacturers are ramping up incentives to help bolster new sales, and help clear out carryover inventory. Here is the weekly roundup of […]

BREAKING: Honda Powersports Partners With Citi for Revolving Credit Program

American Honda Motor Co., in partnership with Citi Retail Services, launched the Honda Powersports Revolving Finance Program, along with several dealer incentives, according to a document shared with Powersports Finance. Honda and Citi will offer “fully integrated marketing programs,” special financing for up to 72-month terms, an exclusive rebate offer on new vehicle purchases for […]

East Texas Dealer Eyes Lenders to Bulk Up Millennial Loan Approvals

Ross Motorsports is on the lookout for lender partners, particularly those with financing programs for millennial buyers, in an effort to boost approval rates, said newly promoted General Manager Ryan Williams. The Lufkin, Texas-based dealership sells Arctic Cat Inc., Yamaha Motor Corp., and American Honda Motor Co. brand vehicles. Ross Motorsports does business with seven […]

The Cost of Compliance [SPONSORED]

Since July 2010, the Consumer Financial Protection Bureau has made significant waves in the auto finance space. In 2013, they issued their bulletin titled “Indirect Auto Lending and Compliance with the Equal Opportunity Act” stating that they would regulate lenders on unanticipated discriminatory practices. With very little guidance on how to be compliant, lenders and […]
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