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GE CDF Sees Strong Powersports Industry Growth

July 29, 2015, 07:07 AM
Filed Under: Dealer Finance

The powersports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is robust and continues to grow according to dealer performance data from Commercial Distribution Finance (CDF), a division of GE Capital.

CDF dealer financing volume is up 12% through June, indicating dealers are ordering more product to meet increasing consumer demand.  Dealer inventory turnover is running at a strong annual rate of over 2X, and aged inventory over 18 months old, is also healthy at under 6% of total portfolio.

“Industry growth is coming from a steadily improving economy and from innovative product offerings from our manufacturing partners, attracting new riders,” said Jeremy Jansen, president of CDF’s motorsports group.  “Also, dealers are doing a great job of balancing the right amount of inventory for the increase in demand.”

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