American Cycle Finance set a monthly contract goal for its dealers in an effort to increase volume following the company’s acquisition by Cardiff International Inc., Ben Donnarumma, managing director of American Cycle, told Powersports Finance.
American Cycle — formerly known as Ride Today Acceptance — makes loans in 15 states for 208 dealers, as of last week.
“We are concentrating on 15 states for now,” Donnarumma said. “We have to increase the number of contracts that a dealer does through American Cycle Finance per month. That’s our concentration, and we are giving our existing dealers as much support as we can so they can increase the volume.”