Powersports Finance News
Instant prequal tool boosts sales for dealers
Powersports dealers leveraging instant prequalifications are seeing double-digit growth in their number of funded deals. Octane’s new extension of its...
Camping World F&I down 15% YoY
Camping World’s first-quarter finance and insurance revenue declined year over year due to a drop in new-RV sales and heightened...
Brunswick boat sales up 17% YoY
Boat sales remain high and inventories continue to increase as normal seasonality is returning alongside a mixed industry and macroeconomic...
HDFS raises provisions 82% YoY as credit performance deteriorates
Harley-Davidson Financial Services increased its provision for credit losses in the first quarter as realized retail credit losses grew. Provision...
Polaris originations increase 17% QoQ
Powersports manufacturer Polaris’ financing partners originated a higher volume on a dollar basis in the first quarter even as North...
Huntington Auto originations up 7% YoY
Huntington’s auto book shrank during the first quarter despite an uptick in originations as the bank prioritizes higher returns. Photographer:...
Truist’s auto book grows YoY despite slowdown
Truist’s auto book grew on a year-over-year basis in the first quarter but dipped sequentially in line with an expected...
Improving inventory presents new headwinds for powersports dealers
Powersports dealers are facing growing supply, rising costs and a dip in pricing margins ahead of a potential recession, causing...
