Polaris incentives up 34% since yearend
Powersports manufacturer Polaris increased its promotional activity in the second quarter as North American retail sales and dealer inventory rose ...
Tag: earnings
Sheffield Financial originations grow 21% YoY
Sheffield Financial, Truist Bank’s powersports lending arm, logged double-digit growth in originations during the second quarter. Winston Salem, N.C.-based Sheffield ...
Tesla lease penetration at 5%
Tesla’s leasing penetration rate ticked up on a year-over-year basis in the second quarter as leasing revenue fell and production ...
Truist pulls back auto lending in Q2
Truist’s auto portfolio decreased in the second quarter as the bank intentionally pulled back and tightened credit in auto lending ...
Carvana originations taper amid debt restructure
Carvana’s loan sales in the second quarter outpaced origination volume and drove up finance gross profit per unit as the ...
Citizens Financial auto book runs off 25%
Citizens Financial Group’s auto book fell 9.6% sequentially in the second quarter following the bank’s decision to exit indirect auto lending last ...
PNC auto book declines for 5th straight quarter
PNC Financial’s auto outstandings fell year over year for the fifth consecutive quarter in Q2 amid weaker consumer demand for ...
BRP Q1 revenues hit record $2.4B
Canadian powersports manufacturer BRP posted record first-quarter revenue due to increased volume and pricing alongside a favorable product mix despite ...
