February 2012 F&I Department Recap
Comparing a selected metric dealer 20-group’s F&I department data with the metric National Norm numbers and the average of the Top 5 performing dealers per line item.
Powersports Auctions: A Pre-Owned Primer
Connect with a reputable powersports auction house to build your used business.Successful dealers that are up year over year are clearly focusing on pre-owned units.
Go Pro Powersports Introduces PRIME Off-site F&I Services
Go Pro Powersports Services (GPPS) has announced that it is now offering independent motorcycle dealers a no hassle off-site F&I department through its PRIME financing program.
Lehman Suspends Operations at Spearfish Facility
Lehman Trikes, Inc. (LTI) recently released a statement say that it has decided to suspend operations. The suspension went into effect March 9. The company has not been able to complete the proposed sale it was working on, but is continuing to pursue possible transactions to inject capital into the company.
MIC Forecasts Modest New Unit Sales Decline in 2012
The Motorcycle Industry Council forecasts modest declines in new motorcycle sales through 2012. That estimate comes from the MIC’s new Business Advisory & Forecast, marking the first time that the industry association has projected future sales.
2011 Year-End Recap
Dealership Performance Trending Upward
Top Tips to Prepare for the 2012 Selling Season
As you prepare to embark on the 2012 selling season, let’s take a look back on some of the top tips and quips we’ve shared in the Best Operators Club this year.
Go Pro Powersports Services Announces New Nationwide Powersports Lender
Go Pro Powersports Services (GPPS) recently announced they have sourced a new lender that is available for all 10,428 dealers nationwide to offer consumer financing through the F&I department’s of both franchised and independent powersports dealers.
Boost Back-End Profits
How to Maximize Your Finance & Insurance Department
Ducati Rolls Out ‘A Midsummer Bike Dream’ Special Sales Program
From now through Oct. 31, Ducati has announced “A Midsummer Bike Dream” sales promotion that includes up to 4.25 percent financing on both Multistrada 1200 and 1198 Superbike, and up to $1,500 additional in-store credit towards Ducati apparel and performance accessories for the 1198 Superbike.
Viper Powersports Releases Letter to Shareholders
Viper Powersports recently sent out a letter to its shareholders detailing the latest changes the company has undergone including moving to a new headquarters and a shakeup of senior management.
Manheim Financial Services Growing, Seeks Specialty Dealers to Finance
Manheim Financial Services (MAFS) is expanding its Specialty division and seeking Specialty dealers in need of financing. The MAFS Specialty division finances Motorcycle, Heavy Truck and RV dealers with tailored floor plan options designed for their unique business needs.
Should Your Powersports Dealership Offer Priority Maintenance Agreements?
Is in-house priority maintenance profitability worth it, or should it be taken to the outhouse? Yes, the pun is intended. Many dealership owners have taken interest in priority maintenance agreements (PMA) over the past few years. From the retail side, I jumped on the PMA train about six years ago. I was attracted to three
Trailer Manufacturer Aluma Launches New Website
Trailer manufacturer Aluma recently unveiled its new, comprehensive product website at www.alumaklm.com. The new site includes a search feature that allows users to find specific product information through a keyword search.
Victory Retains Top Rank in 2011 Pied Piper Prospect Satisfaction Index
The Victory Motorcycle brand from Polaris Industries, Inc. maintained its top ranking in the newly released 2011 Pied Piper Prospect Satisfaction Index (PSI) U.S. Motorcycle Industry Benchmarking Study. Harley-Davidson finished second, while Ducati and Triumph tied for third, followed by BMW and Yamaha, all of which scored above the industry average.
Customers Embrace Special Programs Offered by Triumph Motorcycles
Triumph Motorcycles says it is seeing an increase in store traffic after it introduced a suite of special programs in March that include special financing from FreedomRoad Financial, Value Added Accessories Packages on select models, Value Assurance on select America and Speedmaster models, and a New Rider Training incentive program.