Powersports Finance News
Harley-Davidson ups loan loss provisions, plans restructure
Harley-Davidson will scale back its motorcycle model offerings and focus on high performing markets during the next five years. The...
Q2 powersports sales strong despite low inventory
The coronavirus pandemic spurred powersports sales in the second quarter, but inventory woes continue to plague the industry. Many powersport vehicle dealers saw...
Truist Bank ups credit loss provisions, boosts powersports loans
Truist Bank continues to accrue for potential loan losses as the country faces the coronavirus economic crisis. Truist’s provision for credit losses totaled $844 million “given...
RumbleOn sales, revenue fall in wake of pandemic
Online used-vehicle retailer RumbleOn is feeling the effects of the coronavirus pandemic. The company, which sells both automotive and powersports vehicles, lost $81 million in revenue year over...
Coronavirus spurs boat demand, but inventory woes hinder sales
U.S. boat sales remain low – but not because consumers aren’t looking to buy. Instead, the culprit is inventory: manufacturers of water vehicles...
Harley-Davidson moves to bolster its liquidity
Harley-Davidson took additional steps to bolster its liquidity standing this week with a new, $350 million 364-day credit facility, according...
Honda North America powersports sales surge 30%
Honda Motor Co.’s North America powersports sales — which include motorcycles, ATVs, and side-by-sides — had a strong year, ratcheting...
Harley makes acting CEO permanent after well-received debut
Harley-Davidson Inc.’s acting chief executive officer will take over the job permanently after winning over investors and analysts with a...
