PowerSports F&I Magazine

Yamaha Nine-Month Sales and Profit Drops, President Resigns

Thu, 5 Nov 2009 11:52:33 PST

Yamaha Motor Co.’s president resigned Oct. 26 shortly before the company posted a 33.1 percent decline in worldwide net sales for the first nine months of the year.

Triumph and TAG Heuer Create Steve McQueen-Inspired Motorcycle

Thu, 5 Nov 2009 10:26:17 PST

British motorcycle manufacturer Triumph and Swiss watch manufacturer TAG Heuer have collaborated to create a special, one-of-a-kind “Bonneville Heuer” Triumph motorcycle.

Victory Motorcycles Offers Military Personnel $1,000 Cash Back

Thu, 5 Nov 2009 9:54:09 PST

Victory Motorcycles is offering United States and Canadian military personnel $1,000 cash back on the purchase of any new Victory model during the “Full Throttle Salute.”

Indirect Lending Important for Growth, Say Banks and Credit Unions

Wed, 4 Nov 2009 5:18:18 PST

Indirect lending will be critical to the overall growth of U.S. banks and credit unions during the next two years, according to a survey by Wolters Kluwer Financial Services.

GuidePoint Launches GPS Theft Recovery System

Wed, 4 Nov 2009 1:57:13 PST

Telematics supplier GuidePoint Systems unveiled Tuesday the GPS Xtreme, a GPS-enabled theft-protection system for motorcycles and powersports equipment.

Arctic Cat Posts 2Q Profit of $14.7 Million

Thu, 29 Oct 2009 3:48:11 PST

Arctic Cat Inc. reported net income of $14.8 million for the second quarter ended Sept. 30, 2009, down from $16.9 million posted in the year-ago period.

Protective Acquires the Prizm Group’s Service Contract Business

Wed, 21 Oct 2009 11:44:35 PST

Protective Life Insurance Company acquired the service contract business of the Denver-based Prizm Group Inc.

Arctic Cat Strikes Financing Agreement With GE Capital

Wed, 21 Oct 2009 9:41:12 PST

GE Capital’s Commercial Distribution Finance is now the exclusive provider of floorplan financing for Arctic Cat Inc.’s United States dealers.

Polaris Reports Decline in 3Q Sales and Income

Thu, 15 Oct 2009 1:02:50 PST

Polaris Industries Inc. today reported net income of $31.2 million in the third quarter, a decrease of 17 percent compared to the third quarter 2008 net income of $37.7 million. Sales for the third quarter 2009 totaled $436.2 million, a decrease of 25 percent from the year-ago period’s sales of $580.3 million.

Harley-Davidson Sees Declines in 3Q Income and Sales, Drops Buell and MV Agusta

Thu, 15 Oct 2009 12:47:05 PST

Harley-Davidson Inc. reported an 84.1 percent decline in net income in the third quarter, compared to the year-ago period, which reflected lower motorcycle shipments and the effects of the economy on retail and wholesale loan performance at Harley-Davidson Financial Services (HDFS).

Forza Ducati Financing Program Ends Oct. 31

Wed, 14 Oct 2009 5:43:55 PST

Ducati and FreedomRoad Financial announced a “last call” for the FORZA DUCATI financing program, which ends October 31.

ADP Lightspeed Adds Integrated Benchmark Reporting

Wed, 14 Oct 2009 5:34:33 PST

ADP Lightspeed, a provider of dealer management solutions for recreation sports dealerships, is developing integrated benchmark reports, called Databack for its LightspeedNXT DMS.

ADP Lightspeed Unveils Integrated E-mail

Wed, 14 Oct 2009 5:17:56 PST

ADP Lightspeed, a provider of dealer management solutions for recreation sports dealerships, is developing e-mail integration in its LightspeedNXT DMS that will allow dealers to email directly out of the parts, sales and service modules in the DMS.

Marine and RV Delinquencies Rise in 2Q

Thu, 1 Oct 2009 11:54:47 PST

Marine and recreational vehicle loan delinquencies increased in the second quarter, following another record rate of consumer delinquencies in three other key loan categories, according to the American Bankers Association (ABA)'s Consumer Credit Delinquency Bulletin.

New Ownership for Vectrix

Thu, 1 Oct 2009 11:35:28 PST

Vectrix Corporation, which filed for bankruptcy in September, announced Wednesday that it may soon have new ownership.

MOPS Program Helps Dealers Capture Warranty Sales

Thu, 1 Oct 2009 9:21:59 PST

VehicleXpress partnered with Interstate National Dealer Services to offer powersports dealers a Missed Opportunity Program (MOPS), which allows them to offer customers an extended warranty program even after they have completed a sale and left the dealership.

Outlook for RV Market Improving, Says RVIA

Tue, 29 Sep 2009 5:13:44 PST

The sluggish recreational vehicle market may see an improvement in sales, as wholesale shipments increase and the economy continues to strengthen, according to the Recreational Vehicle Industry Association (RVIA).

Harley-Davidson Names John Olin Chief Financial Officer

Fri, 18 Sep 2009 12:21:54 PST

Harley-Davidson Inc. has named John Olin as senior vice president and chief financial officer, effective immediately. Olin, 48, has served as interim CFO of Harley-Davidson Inc. since May 1 and as Harley-Davidson Motor Company's vice president and controller since joining the organization in May 2003.

AFSA Opposes Obama's Proposal for New Federal Agency

Thu, 17 Sep 2009 11:22:26 PST

President Barack Obama addressed Wall Street’s financial firms Monday to promote his agenda for financial regulatory reform, which includes expanding the authority of the Federal Reserve and creating the Consumer Financial Protection Agency (CFPA). But at least one association representing the financial services industry is balking at his proposals.

Retail Sales Improve in August

Thu, 17 Sep 2009 11:16:57 PST

After four straight months of declines, retail sales rebounded in August, but not just because of the federal Cash for Clunkers (C4C) program.

Bill Kenney Joins Sparta Commercial Services

Thu, 17 Sep 2009 9:14:45 PST

Sparta Commercial Services Inc., a financial services company, today announced the appointment of Bill Kenney as vice president of client development.

Priority One Sees Largest Increase in Dealer Partners

Tue, 15 Sep 2009 2:43:05 PST

Priority One Financial Services, an F&I managed services provider for the marine and recreational vehicle (RV) industry, experienced the largest growth of its new dealer partners in the history of the company during the first half of 2009.

Sparta and Dairyland Cycles Offer Insurance Quotes at Dealerships

Tue, 15 Sep 2009 2:28:20 PST

Sparta Commercial Services Inc. and Dairyland Cycle Insurance formed a partnership, enabling customers who are financing their new or used powersports vehicle purchases through Sparta the chance to receive a free, no-obligation insurance quote from Dairyland Cycle.

Suzuki’s ‘Work & Play’ Promotion Offers Financing Incentives

Thu, 3 Sep 2009 10:12:42 PST

Suzuki Cycles is offering financing incentives to qualified customers on purchases of motorcycles and ATVs through its “Work & Play” sales event.

Polaris Launches Electric-Powered Vehicle

Thu, 3 Sep 2009 9:47:09 PST

Polaris Industries Inc. introduced a new low-emission, electric-powered neighborhood vehicle, called the Polaris Breeze, which will be available for test rides and purchase starting this month at select Polaris dealerships.

Big Dog Motorcycles Moves Into Europe

Thu, 3 Sep 2009 9:31:57 PST

Just three months after Big Dog Motorcycles launched its bikes in Canada, the company delivered its initial shipment of motorcycles to Belgium.

Harley-Davidson to Expand Into India

Thu, 3 Sep 2009 9:20:47 PST

Harley-Davidson Inc. announced plans to enter the motorcycle market in India, where it expects to start selling motorcycles in 2010. The company has established a subsidiary to be located in Gurgaon, near Delhi, and has begun the process of seeking dealers.

DebtMarket Relaunches as Automated Portfolio Marketplace, Partners With Frazer Computing

Mon, 31 Aug 2009 3:41:55 PST

DebtMarket, formerly GDNAuto, relaunched as an automated marketplace that connects buyers and sellers of marine, RV and powersports loan portfolios. It also forged a partnership with Frazer Computing Inc., a provider of dealer management software, to incorporate certain features of the DebtMarket platform into its dealership offerings.

ADP Lightspeed Integrates With Western Powersports

Fri, 21 Aug 2009 4:15:41 PST

ADP Lightspeed, a dealer management systems (DMS) provider for powersports dealerships, partnered with Western Power Sports, a wholesale distributor of parts and accessories, to allow users of the LightspeedNXT DMS to search through Western Power Sports' warehouse data.

Quantech Offers Free Menu Software to Dealers

Thu, 30 Jul 2009 2:08:21 PST

Quantech Software unveiled Go!Menus, a Web-based menu system that is free and available to automotive and powersports dealers.

ILT Offers Wolters Kluwer AppOne Technology to Credit Unions

Thu, 30 Jul 2009 9:55:06 PST

Integrated Lending Technologies LLC (ILT) will integrate Wolters Kluwer Financial Services’ AppOne technology with its Dealer Indirect Lending and Leasing System (DILLS), a loan origination system for credit unions.

Arctic Cat Reports 1Q Loss for Fiscal 2010

Wed, 29 Jul 2009 11:23:43 PST

Arctic Cat Inc. today reported a net loss of $5.9 million on net sales of $69.4 million for the fiscal 2010 first quarter ended June 30, 2009.

Big Dog Unveils Accessories for Bulldog Model

Mon, 27 Jul 2009 3:37:42 PST

Big Dog Motorcycles launched a full line of BDM Performance Products for its Bulldog model, which are available online or through an authorized dealer.

Tom Gray Solutions Partners With More Than Rewards

Mon, 27 Jul 2009 10:23:01 PST

Tom Gray Solutions formed a partnership with Milwaukee-based More Than Rewards, a customer-loyalty software and solutions design firm, and will provide training for its clients.

VisionMenu Inc. Unveils Private-Label Software Package

Fri, 24 Jul 2009 4:31:18 PST

VisionMenu Inc. today announced the release of a private-label software package to agents who provide services to automotive and powersports dealerships.

4 Threats to PSFI

Thu, 23 Jul 2009 5:11:31 PST

When Consumer Protection Goes Wrong

7 Fundamentals of F&I

Thu, 23 Jul 2009 5:05:33 PST

Dealer consultant Gart Sutton continues his story about his mentor, Steve, and what he taught him about the seven fundamentals of F&I.

Part I: The Art of Ethical Persuasion

Thu, 23 Jul 2009 4:52:27 PST

Being good at persuasion isn’t always a bad thing. F&I trainer breaks down the six principles of persuasion, paving the way for the ethical use of this key sales tool.

Genuine Deal

Thu, 23 Jul 2009 4:42:41 PST

Genuine Scooter Company’s new relationship with Progressive ushers in new business opportunities for scooter dealers.

Fitch Downgrades Harley-Davidson Ratings

Mon, 20 Jul 2009 4:08:02 PST

Fitch Ratings lowered the ratings for Harley-Davidson and its financial arm, Harley-Davidson Financial Services (HDFS), on Friday after the motorcycle manufacturer announced a decline in revenue and income for the second quarter 2009.

ADP Lightspeed Releases Parts Cash Flow Optimization Article

Thu, 16 Jul 2009 11:28:51 PST

ADP Lightspeed, a provider of dealer management software and industry data for powersports dealerships, released the first of its “Find Hidden Cash” white paper series.

Harley-Davidson Reports Lower 2Q Income, Reduces Shipment Plans and Workforce

Thu, 16 Jul 2009 10:54:02 PST

Harley-Davidson Inc. reported decreased net income and revenue for the second quarter of 2009 compared to the year-ago period. Net income dropped from $222.8 million in the year-ago quarter to $19.8 million, while revenue fell from $1.57 million in the year-ago period to $1.15 billion.

Polaris Reports a 2Q Decline Sales and Income

Thu, 16 Jul 2009 9:46:40 PST

Polaris Industries Inc. today reported net income of $17.5 million for the second quarter ended June 30, 2009, down from the $24.4 million reported in the year-ago period.

BMW Group Reports Drop in June Motorcycle Sales

Wed, 15 Jul 2009 2:54:26 PST

BMW Group’s worldwide motorcycle sales declined 13.8 percent in June.

Ducati Launches Finance Program for All Models

Wed, 15 Jul 2009 11:04:41 PST

Ducati and FreedomRoad Financial have launched Forza Ducati, a new retail financing program for the entire range of Ducati models. In addition, the motorcycle manufacturer is offering trade-in allowances and a one-year service program to eligible customers.

Marine One Acceptance Corporation Joins Wolters Kluwer’s Loan Platform

Mon, 13 Jul 2009 10:44:30 PST

Wolters Kluwer Financial Services announced Monday that Marine One Acceptance Corporation has joined its AppOne loan financing platform.

FinCo’s BuyHere-PayTHERE Program Available in 30 States

Thu, 9 Jul 2009 11:03:42 PST

FinCo Management’s “BuyHere-PayTHERE” (BHPT) program, a system that allows automotive and powersports dealers to approve and finance their own deals, is now available in 30 states, including Florida, Texas and California.

Industry Veteran Launches Powersports Training Website

Mon, 6 Jul 2009 11:05:40 PST

Training expert Tom Gray has launched www.tomgraysolutions.com, a Website to promote his independent consultations and training services available to business owners and managers in the motorsport, powersport, and watersport industries.

ADP Lightspeed Provides Insight on Finding ‘Hidden Cash’

Thu, 2 Jul 2009 9:18:42 PST

ADP Lightspeed, a provider of dealer management solutions and industry data for powersports dealerships, announced its new initiative to help dealers increase liquidity by identifying and recovering cash from frozen dealership assets.

GE Money Launches Web-Based Business Center Portal

Wed, 1 Jul 2009 4:26:09 PST

GE Money’s Sales Finance division launched Wednesday its new Web-based portal, the Business Center, to help dealerships with sales, marketing, operations and training.

President of Priority One Financial Services Retires

Wed, 1 Jul 2009 4:04:50 PST

Priority One Financial Services announced Wednesday the retirement of Lisa Gladstone, company founder and president.

Protective Adds GAP To Marine and Powersports Lineup

Tue, 30 Jun 2009 11:10:28 PST

The Marine and Powersports groups of Protective’s Asset Protection Division have added GAP coverage for its marine and powersports dealers. This new product offering provides broader coverage for consumers purchasing new and pre-owned boats, and a variety of porwersport products.

VisionMenu Partners With StoneEagle for DMS Integration

Tue, 30 Jun 2009 9:31:23 PST

The StoneEagle Group today announced that VisionMenu Inc, a provider of training, menu and software development tools to the automotive and powersports industries, has selected SEcureIntegration to automate how VisionMenu client dealers use its menu, desking, and reporting applications.

VehicleXpress Offers Carfax Vehicle History Reports

Fri, 26 Jun 2009 3:25:44 PST

PowerSports Xpress Management has partnered with CARFAX to provide vehicle history reports to its dealer network through the VehicleXpress dealer management system.

CFMOTO Powersports Offers Warranty Program to Consumers

Fri, 26 Jun 2009 2:58:21 PST

CFMOTO Powersports has partnered with Aftercare to offer an extended warranty program to consumers of CFMOTO vehicles.

Triumph 'Cautiously Optimistic' Despite 2008 Sales Increase

Fri, 19 Jun 2009 2:22:32 PST

Despite reporting a sales increase last year, Triumph Motorcycles Group remains cautious about 2009.

SBA to Offer Dealer Floor Plan Financing

Fri, 19 Jun 2009 9:57:58 PST

The U.S. Small Business Administration (SBA) has announced a Dealer Floor Plan (DFP) financing pilot program under the SBA 7(a) loan program for qualifying small businesses including new and used motorcycle, automobile, RV, manufactured home, and boat dealerships.

BiT Dealership Software Launches DMS for PowerSports

Wed, 17 Jun 2009 2:55:15 PST

BiT Dealership Software, a developer of marine-focused system, unveiled BiT Powersports Software, a dealer management software (DMS) program for powersports dealers and service shops.

Wolters Kluwer Creates Indirect Lending Business Unit

Wed, 17 Jun 2009 2:11:11 PST

Wolters Kluwer Financial Services has formed an indirect lending business unit to expand its reach across the broader indirect lending market.

Genuine Scooters Partners With Progressive Insurance

Tue, 16 Jun 2009 3:47:09 PST

Genuine Scooters has teamed up with insurance company, Progressive, to make sure its customers can get instant insurance coverage for their new scooters.

Valuing Compliance

Fri, 12 Jun 2009 3:39:47 PST

Being a compliance lawyer, I ask new and potential clients to consider this question: What value do you place on good F&I compliance practices in your operation? So, what would your answer be?

The Same, But Different

Fri, 12 Jun 2009 3:31:50 PST

“It’s the same but different” is how one source described the difference between automotive F&I and powersports F&I. Another placed a choice adjective before the word “stepchild” when describing the segment. What I see is opportunity.

F&I's Big Threat: Consumer Protection Gone Wrong

Fri, 12 Jun 2009 2:20:39 PST

In these tough economic times, the last thing business needs are unreasonable impediments on the sale of goods and services. Hasn’t all the bailout and stimulus spending been focused on unfreezing credit markets to spur spending?

Seeing Red: What the FTC Wants From Dealers

Fri, 12 Jun 2009 2:09:07 PST

After reading the Federal Trade Commission’s 17-page guide to “Fighting Fraud With the Red Flags Rule,” I think I finally understand why this newest requirement is so perplexing to many of you out there.

Forget the Score: Transparent F&I Process is the Key

Fri, 12 Jun 2009 2:03:46 PST

Do FICO scores mean anything anymore? Kyle Madsen, business manager at Del Amo Motorsports in Redondo Beach, Calif., asks that question every time he has to rehash a deal for a customer with a 680 FICO score.

Survival Mode: New Solutions for Staying in Business

Fri, 12 Jun 2009 1:53:29 PST

With all the bad news floating around, crawling into a hole really doesn’t sound like a bad idea these days. However, that’s not what businesses do. And it’s clear by some of the more positive news out there that industries aren’t ready to throw in the towel.

The Ties That Bind: Tightening Advances Choke Sales

Fri, 12 Jun 2009 1:47:30 PST

OK, so I need to ditch the tie and suit. At least that’s what Deanne Kornacki told me after one of the workshops at our Powersports F&I Conference in September.

It's Showtime: PowerSports F&I Invades Vegas

Fri, 12 Jun 2009 1:40:10 PST

This month marks Bobit Business Media’s first PowerSports F&I Conference. For those not attending, I’d like to give you a taste of what you’re going to miss.

Bringing the Magazine to Life

Fri, 12 Jun 2009 1:33:44 PST

Executive Editor Gregory Arroyo introduces the first PowerSports F&I Conference to readers.

Special Credit Protections for Military Personnel

Fri, 12 Jun 2009 1:28:56 PST

Given that our men and women in uniform so often find themselves in harm’s way these days, it is only fitting the law provides special protections to them with respect to the credit obligations they enter into prior to being called into active duty.

Full Disclosure: New Rule Proposed for Dealers

Fri, 12 Jun 2009 12:11:52 PST

Way back in 2003, Congress passed the Fair and Accurate Credit Transactions Act (FACTA). For us lawyers, it’s the gift that keeps on giving.

Payment Packing: Prevention is the Best Cure

Fri, 12 Jun 2009 11:57:15 PST

I have the opportunity to work with several clients that provide sales and F&I training to dealers. On those occasions where I’m asked to help develop training content, I always include a section on why dealers need to avoid payment packing — the practice of loading up the monthly payment with charges for aftermarket products the customer has neither agreed to nor requested.

Compliance 101: Six Ways to Keep Regulators at Bay

Thu, 11 Jun 2009 4:48:22 PST

When times are tough, it usually means there will be an increase in consumer complaints against retailers and creditors. So, as we face what many believe will be a difficult year for profits, it’s probably a good idea for to you to be diligent about enforcing your store’s compliance policies and procedures.

Rules of the Road: Basics of Truth in Advertising Laws

Thu, 11 Jun 2009 4:33:54 PST

In these tough economic times, driving business into the showroom is more important than ever. Many merchants invest significant resources into advertising their products in a manner designed to entice potential customers.

Harley-Davidson Names Lawrence G. Hund President of HDFS

Wed, 10 Jun 2009 2:41:18 PST

Harley-Davidson Inc. has named Lawrence G. Hund president and chief operating officer of Harley-Davidson Financial Services Inc. (HDFS), effective June 29.

Indian Motorcycle Reduces Price of 2009 Chief Standard Bike

Fri, 5 Jun 2009 3:04:36 PST

Indian Motorcycle kicked off its summer sales event by reducing the price of its 2009 Chief Standard to $25,999.

Ducati Offers One-Year Service Plan on 2008-2009 Models

Fri, 5 Jun 2009 2:17:52 PST

Ducati North America launched the “Full Factory Support” service campaign, where the first year of service is included free of charge with the purchase of a new Ducati.

Ducati North America Grows Market Share

Thu, 4 Jun 2009 10:16:37 PST

Ducati North America took top honors in the in the 2009 Pied Piper Prospect Satisfaction Index U.S. Motorcycle Industry Study, which revealed a significant boost in market share for the motorcycle brand despite adverse market conditions and a tighter credit market.

Gart Sutton & Associates Inc. Adds Assurant 20 Clubs

Thu, 4 Jun 2009 9:26:45 PST

Gart Sutton & Associates Inc. (GSA) announced it has added more than 270 Assurant 20 Club member dealerships to its operations.

Arctic Cat Reports 2009 Fourth-Quarter Results

Tue, 2 Jun 2009 2:27:28 PST

Arctic Cat Inc. reported a net loss of $16.7 million on net sales of $90.7 million for the fourth quarter ended March 31, 2009, which was within the company’s previously stated guidance range.

F&I Trainer Offers Free Workshop to PowerSports Conference Participants

Tue, 2 Jun 2009 2:15:10 PST

In conjunction with the PowerSports F&I Conference 2009, renowned F&I trainer Ron Martin will present a free pre-conference workshop, “Effective F&I Strategies for Powersports Dealers.”

Piaggio Group Americas Offers 12-Month Test Ride Program

Tue, 2 Jun 2009 2:01:56 PST

Piaggio Group Americas Inc. offers consumers the risk-free 12 Month Test Ride, a program that offers qualified buyers the opportunity to purchase select Piaggio, Aprilia and Vespa scooters without a long-term commitment.

Solex Offers Wolters Kluwer Compliance E-Forms to RV and Marine Dealerships

Mon, 1 Jun 2009 10:11:17 PST

Wolters Kluwer Financial Services announced that Solex, which provides technology for the RV and marine industries, will offer its Motor Vehicle and Goods and Services e-forms to RV and marine dealerships across the U.S.

Industry Fights to Lift Youth-Vehicle Ban

Fri, 29 May 2009 2:14:22 PST

Industry associations, manufacturers and dealers are doing their part to overturn the ban that put the skids on the sale of youth, off-highway vehicles. Their hope now rests with Congress.

The 5 Pillars of F&I

Fri, 29 May 2009 2:04:09 PST

When it comes to filling the business manager position, a clerk simply won’t cut it. F&I trainer provides his take on the role of the business manager and breaks down the five pillars of the job.

10 Steps To The top

Fri, 29 May 2009 11:56:00 PST

What separates mediocre from successful is very subtle, but that separation can make a big difference. F&I expert rolls out his 10 steps to get to the top.

Tackling Adverse Action Notices

Fri, 29 May 2009 11:44:31 PST

Knowing what triggers an adverse action notice can definitely be baffling, but so can the rules governing content and timing. Legal expert weighs in with part II of PSFI’s series on adverse action notices.

MIC Survey Shows Motorcycling in America Goes Mainstream

Thu, 21 May 2009 10:24:35 PST

Motorcycling is growing and rapidly becoming more mainstream at the start of the new millennium, according to the latest census of two-wheeling conducted by the Motorcycle Industry Council (MIC).

Polaris Creates On-Road Vehicle Division

Wed, 20 May 2009 2:10:36 PST

Polaris Industries Inc. announced Monday the creation of a new On-Road Vehicle Division to help continue the company’s goal of establishing a significant on-road presence.

Vision of F&I Offers Free Online Training

Tue, 19 May 2009 2:15:18 PST

The Vision of F&I Inc. is offering the Vision E-Academy, an eight-hour online F&I sales and compliance program, for free to all automotive and powersports dealerships.

F&I Magazine Presents On-Site Red Flags Seminar

Tue, 19 May 2009 11:09:59 PST

F&I Management and Technology and Powersports F&I magazines will host a one-day seminar on the Red Flags Rule on Tuesday, June 9 (9 a.m. to 3 p.m. EDT) at the Hilton St. Petersburg in St. Petersburg, Fla.

Pelican State Credit Union Joins Wolters Kluwer’s Loan Platform

Tue, 19 May 2009 9:43:24 PST

AppOne, a part of Wolters Kluwer Financial Services, announced Tuesday that Louisiana-based Pelican State Credit Union has joined its credit union platform.

Supreme Software Offers Wolters Kluwer Sales Contracts and Red Flags Kit to Dealers

Thu, 14 May 2009 9:48:54 PST

Wolters Kluwer Financial Services said its electronic retail sales installment contracts and documents will be integrated with Supreme Software’s finance and insurance (F&I) system, called The Dealership Tracker.

FinCo Management Offers Subprime Financing for Powersports

Wed, 13 May 2009 10:47:59 PST

FinCo Management unveiled its “BuyHere-PayTHERE” subprime financing solution, which is designed for credit-challenged customers who are able to provide down payments large enough to cover most or all of the actual cash value (ACV) of the unit.

First Advantage CREDCO Introduces Red Flag Manager Tool

Tue, 12 May 2009 10:36:29 PST

First Advantage CREDCO, a provider of automotive identity theft and specialty credit reporting solutions, unveiled an all-new component to its Red Flag Solution, called Red Flag Manager.

CPSC Delays Lead Law for Two Years

Thu, 7 May 2009 11:31:53 PST

The Consumer Product Safety Commission (CPSC) announced Monday an enforcement delay on the anti-lead law that put the brakes on sales of youth all-terrain vehicles and motorcycles. But industry officials said more is needed to protect what they estimate is a $14.5 billion industry.

ADP Lightspeed Integrates With Helmet House

Thu, 7 May 2009 10:48:11 PST

ADP Lightspeed, a provider of dealer management systems (DMS) for powersports dealerships, announced Wednesday an integration agreement with Helmet House Warehouse, a manufacturer and distributor of motorcycle apparel.

F&I Magazine to Host Free Red Flags Webinar

Tue, 5 May 2009 12:05:24 PST

F&I Management and Technology and Powersports F&I magazines will host a free Web seminar on the Red Flags Rule on Tuesday, May 12, at 11 a.m. PDT (2 p.m. EDT).

Harley-Davidson Completes Funding Agreements to Support HDFS Lending

Fri, 1 May 2009 2:23:12 PST

Harley-Davidson Inc. and its Harley-Davidson Financial Services (HDFS) subsidiary have finalized agreements that, in combination with other previously completed transactions, provide approximately $1 billion in funding to fuel HDFS' lending activities in 2009.

HDFS Appoints Perry Glassgow as Interim President

Fri, 1 May 2009 2:16:10 PST

Harley-Davidson Inc. announced Friday that John Olin, the motor company's vice president and controller, will take on the added responsibility of interim chief financial officer for Harley-Davidson Inc. It also announced that Perry Glassgow, the company's vice president and treasurer, will also serve as the interim president of Harley-Davidson Financial Services (HDFS), effective immediately.