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NewsFebruary 26, 2009

Vectrix Offers Financing Through Sparta Commericial Services

Scooter manufacturer Vectrix Corporation is offering consumer financing through Sparta Commercial Services.

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NewsFebruary 26, 2009

Powersports Makers Report Mixed Sales

Here's a look at sales reports for BMW, Yamaha and Harley-Davidson Financial Services.

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NewsFebruary 26, 2009

Missouri Bill Would Allow Dealers to Finance Sales Tax, Issue Tags

A bill proposed by Missouri State Representative Tim Jones would allow automobile and powersports dealers to include sales tax in their finance deal jackets and issue license plates, according to an article on Missourinet.com.

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NewsFebruary 25, 2009

Minn. HD Dealers Launch Payment Assurance Program

Two Minnesota Harley-Davidson Dealers are looking to bring the same payment assurance program offered by Hyundai to the powersports industry after signing an agreement with the same product provider, WALKAWAY USA.

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NewsFebruary 24, 2009

Fiserv Adds Indirect Loan Capabilities to Loan Servicing Platform

Fiserv Inc., a provider of information technology services to the financial industry, announced that its Fiserv Loan Servicing Platform can now manage indirect and other third-party loans.

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NewsFebruary 19, 2009

Hyundai Offers Consumers 90-Days of Payment Relief

Hyundai Motor America will expand the protection offered by the innovative Hyundai Assurance program with Hyundai Assurance Plus, adding 90 days of payment relief to the existing protection plan.

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NewsFebruary 13, 2009

BMW to Make First Two Payments for Customers in Payment Program

BMW USA introduced a two-payment program for select models throughout its vehicle line-up. Through this initiative, BMW will make the first two payments (up to $750 per month / $1,500 max.) for vehicles financed through BMW Financial Services.

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NewsFebruary 12, 2009

Lender Platform Provider Enter RV Marketplace

Global Debt Network Inc. (GDN) is expanding its auto loan transaction platform to serve financial institutions and retail dealers who originate recreational vehicle loans.

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NewsFebruary 9, 2009

Yamaha Launches Cash Rebate Program for Powersports Line

Yamaha Motor Corp. has launched a cash rebate program for its entire powersports line to help boost sales of motorcycles, ATVs, side by sides, and snowmobiles.

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NewsFebruary 5, 2009

Further Roadblocks Ahead for U.S. Auto ABS, Says Fitch Ratings

Despite stable ratings performance in 2008, the asset performance of prime U.S. auto-loan asset backed securities (ABS) will continue to face stiff headwinds in 2009, according to Fitch Ratings in its latest edition of 'In the Auto ABS Driver’s Seat'.

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