Credit Crisis and the Industry

by

Talked to a North Carolina dealer today who says that compared to last year, the percentage of bikes being financed at his store has gone from seventy-somcredit_ben3ething to twenty-something. This echoes what dealers told me during a month-long investigation. Check out the resultant story to see how dealers are coping with tighter standards and fewer lenders. Used-bike financing is especially scarce, and dealers report stockpiles (meaning values will probably drop). Many dealers are shifting away from revolving credit and toward installment loans. A shift toward more sensible loans may be one of the few benefits of the current situation.

I also wrote a story on the joys and sorrows of working with credit unions. Industry consultants give suggestions on how to approach the unions.

Advertisements

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: