Issue link: http://read.dmtmag.com/i/679587
www.PowersportsBusiness.com FINANCIAL Powersports Business • May 23, 2016 • 9 Consumer financing agreement continues for new, used Suzuki models Synchrony Financial in May announced a multi-year renewal of its program to pro- vide consumer financing for Suzuki Motor of America powersports products. The agreement extends a multi-year consumer financing relationship between Synchrony Financial and Suzuki. Qualify- ing buyers, subject to terms and conditions, will continue to have access to special financing options and exclusive offers for Suzuki products through their dealer net- work in the U.S. "We're pleased that Suzuki enthusiasts will continue to have access to a variety of payment options that will help them get the powersports products they need and want," said Glenn Marino, executive vice president Synchrony Financial extends Suzuki contract STOCK MARKET WATCH Stock Price Percent Company Ticker 4/29/16 Change TCF Financial Corporation TCB $13.64 15.0% MarineMax, Inc. HZO $19.01 13.5% ArvinMeritor ARM $8.50 10.8% Deere & Company DE $84.11 10.2% Arctic Cat, Inc. ACAT $16.63 10.1% Universal Technical Institute UTI $3.95 -1.0% Intl. Speedway Corp. Cl. A ISCA $33.49 -3.2% Cooper Tire & Rubber CTB $34.54 -4.3% Speedway Motorsports, Inc. TRK $17.52 -4.9% ARI Network Services, Inc. ARIS $4.13 -5.9% POWERSPORTS BUSINESS WINNERS AND LOSERS See Synchrony, Page 10 MARKET WATCH Change 4/29/16 from 4/8 % Change Powersports Business Index 246.545 11.85 5.05% Dow Jones Index 154.592 1.71 1.12% S&P 500 Index 140.568 1.20 .086% Source: Wells Fargo Securities LLC STOCK MARKET ACTIVITY DEALER FINANCIAL SNAPSHOT APRIL 2016 Same Store Sales for 1,558 CDK Gobal Recreation dealers were down 2.8 percent overall. Service was the only category to experience an increase in each region, up 2.5 percent nationwide. The Northwest was the only region with an overall increase in sales, and major units rose 12.5 percent in April. Parts decreased in all five regions, down 4.5 percent over- all. Major units were down in four of the five regions, with the largest decrease in the Northeast. PARTS SALES In parts, 627 dealers were up, and 931 were down. SERVICE SALES 843 dealers were up, and 668 were down in service. MAJOR UNIT SALES Major unit sales saw 640 dealers up, while 758 were down. NORTHWEST -0.4% Parts Department 5.3% Service Department 12.5% Major Units 9.5% Overall MIDWEST -1.4% Parts Department 0.2% Service Department -3.9% Major Units -3.0% Overall NORTHEAST -11.9% Parts Department 0.5% Service Department -7.7% Major Units -7.3% Overall SOUTH -3.3% Parts Department 6.4% Service Department -5.0% Major Units -3.3% Overall WEST -4.4% Parts Department 0.1% Service Department -2.7% Major Units -2.9% Overall UNITED STATES -4.5% Parts Department 2.5% Service Department -3.4% Major Units -2.8% Overall FOR MORE ON THE SAME STORE SALES DATA For more information on this report and other industry data, contact: cdkrecreation.com/dataservices Aegis adds Texas to F&I lineup Aegis Powersports announced that its full suite of powersports F&I products are now available to powersport dealers in Texas. Aegis Power- sports offers products through a stable online platform that touts industry-leading ease-of- use, coupled with online claims authorization and integration with CDK Lightspeed for both EVO and NXT configurations. Since launching in California in 2014, Aegis Powersports has quickly become known as the preeminent powersport F&I service contract provider across the state, expanding into Ohio and Oregon in 2015. With a team of sales, service and claims professionals that all have deep roots in the powersports industry, Texas dealers now have access to a true F&I partner. Aegis Powersports' award-winning product lineup includes vehicle service contracts for new and used units with trip interruption, roadside assistance, rental car coverage and $0 deductible plans. In addition, Aegis Powersports offers road hazard protection, priority maintenance, an oil and filter plan, gap, etch, GPS tracking, theft deterrent and appearance protection. To ensure all customers are served, Aegis includes a 0 percent interest payment plan with all products available via the company's online system. All products are available seven days a week, especially during busy evenings, week- ends and holidays on Aegis' proprietary and award-winning AegisTech platform. "Our partner dealers have been enjoying our fresh, professional approach that empha- sizes service, responsiveness and an incredibly robust, easy-to-use system," stated Jeff Kenny, vice president of Aegis Powersports. "We are known for our service and expertise in help- ing dealers truly maximize F&I profit, and we look forward to supporting powersport dealers throughout Texas." PSB Synchrony Financial announced a continuation of its retail financing partnership with Suzuki in the U.S. 0 50 100 150 200 250 300 350 9/11/15 10/16/15 11/6/15 12/4/15 12/31/15 1/22/16 2/19/16 3/11/16 4/8/16 4/29/16 PSB INDEX VALUE DOW JONES INDEXED S&P 500 INDEXED