Tag: Marine

Huntington Bank’s auto originations ticked down in the first quarter as credit performance weakened in line with industry trends.  Auto ...

Massimo Group delivered gross margin growth despite a decline in revenue in fiscal 2025 amid a deliberate pullback in wholesale volume in powersports and marine.  Total revenue fell 34.3% year ...

Electric boat manufacturer Arc Boat is expanding into commercial marine, creating new opportunities for asset-based financing as electric boat adoption increases.  The Los Angeles-based ...

A rebound in retail demand and strong performance across key product lines lifted Canadian powersports manufacturer Bombardier Recreational Products’ results in ...

The financial performance of electric boat makers has improved despite constraints in the wider marine industry.  The global electric boat market landed at $7.7 billion in 2025 and is ...

Los Angeles-based electric powerboat maker Arc Boat Company has raised $50 million to finance its expansion into commercial and defense vessels. Arc ...

Octane accelerated loan growth in 2025 as the fintech lender expanded dealer relationships, increased prime lending and pushed further into RV ...

Following a year of uncertainty in the powersports and marine industries, marine lenders are tapping into regional opportunities as the market recovers.  Registrations remain down, but higher-end boats ...