Powersports Finance News
RumbleOn CEO resigns, interim appointed
RumbleOn’s chief executive resigned yesterday amid allegations of resource misuse and an ongoing proxy battle, with the company appointing a...
THOR incentives increase 28% YoY
Recreational vehicle manufacturer THOR Industries continued to increase incentives in the third quarter of 2023 as RV sales, backlog and...
RV dealership consolidation shifting toward buyer’s market
As RV dealership consolidation remains at an all-time high, the market is softening and becoming more buyer-friendly as the industry...
Octane issues 2nd $400M ABS deal of 2023
Powersports lender Octane has closed a $400 million asset-backed securitization deal backed by fixed-rate installment powersports loans issued through its...
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...
Winnebago collabs on custom vans
RV manufacturer Winnebago aims to capitalize on the growing “overlanding” industry through its Winnebago Revel and the Winnebago-Adventure Wagon collaboration...
RumbleOn Finance sputters in Q1
RumbleOn Finance originations declined sequentially for the third consecutive quarter as the company posted a $2 million first-quarter loss on...
RV shipments down 51% YoY, values up
Motorhome values rebounded and towable values continued to rise in March despite recreational vehicle shipments falling due to strong dealer...
