Issue link: https://read.dmtmag.com/i/698493
www.PowersportsBusiness.com FINANCIAL Powersports Business • July 11, 2016 • 19 range of 24-42 months. "They will have an equity position in the loan in a relatively short term. If you have a three-year loan, you have something you can trade in a year, year-and-a-half down the road," Sheeley said. Because many customers who are approved by Ride Today Acceptance had been declined by traditional lenders, the Ride Today cus- tomers are usually loyal to the dealership that approves them. "The feedback that I'm getting from our established dealers is these are loyal custom- ers because the odds are they've gone into two, three, four different shops before they got to yours, and they got turned down every- where. Where are they going to come back to when they need tires on their bike, or they need an oil change, or their friend asks them where they go their bike? It's all going to come right back to that same dealer," Sheeley said. "Somebody with a big credit score? They can shop anywhere. The people with chal- lenges? They're happy to get approved, and they're loyal because you got them on a bike, instead of them taking their truck to Bike Week again." Ride Today Acceptance is built to be the backup plan for dealerships that aren't getting approvals from their primary retail lenders. That's why the company never expects to be the No. 1 lender at any dealership, and Ride Today is even OK with dealers who only do one or two dealers per month with the company. There's no cost for dealers to sign up and no monthly maintenance fee. PSB POWERSPORTS BUSINESS STOCKS Stock Price Price Percent 52-Week Company Ticker 6/17/16 5/20/16 Change High Low Arctic Cat, Inc. ACAT $16.69 $14.24 17.2% $35.54 $8.90 ARI Network Services, Inc. ARIS $4.10 $3.80 7.9% $4.82 $2.95 Assurant, Inc. AIZ $85.51 $87.70 -2.5% $89.22 $64.36 Brunswick Corp. BC $46.65 $45.60 2.3% $55.76 $36.05 CDK Global CDK $54.92 $52.90 3.8% $58.16 $39.67 General Electric Co. GE $30.60 $29.56 3.5% $32.05 $19.37 Harley-Davidson, Inc. HOG $45.13 $43.91 2.8% $60.67 $36.36 Honda Motor Corp. ADR HMC $25.95 $26.80 -3.2% $35.99 $24.56 Polaris Industries, Inc. PII $83.02 $83.88 -1.0% $156.35 $67.80 TCF Financial Corporation TCB $13.07 $13.66 -4.3% $17.29 $10.37 Stock Price Price Percent 52-Week Company Ticker 6/17/16 5/20/16 Change High Low ArvinMeritor ARM $8.63 $8.18 5.5% $14.42 $5.69 Bridgestone Corp. ADR BRDCY $16.53 $16.52 0.1% $19.52 $15.83 Carlisle Companies CSL $101.16 $102.25 -1.1% $105.79 $75.17 Cooper Tire & Rubber CTB $30.96 $31.69 -2.3% $43.40 $29.95 Dover Corporation DOV $70.27 $64.65 8.7% $73.27 $50.91 Intl. Speedway Corp. Cl. A ISCA $33.55 $32.58 3.0% $37.87 $28.96 Deere & Company DE $86.00 $77.74 10.6% $98.23 $70.16 Marine Max, Inc. HZO $15.75 $16.86 -6.6% $25.54 $13.56 Spy Inc. XSPY $0.10 $0.11 -9.1% $0.90 $0.02 Speedway Motorsports, Inc. TRK $17.32 $17.04 1.6% $24.06 $16.75 Universal Technical Institute UTI $3.02 $3.20 -5.6% $8.75 $2.81 POWERSPORTS BUSINESS INDEX COMPONENTS INTERNATIONAL STOCKS OF INTEREST Source: Wells Fargo Securities LLC Stock Price Price Percent 52-Week Company Ticker 6/17/16 5/20/16 Change High Low BMW AG BMW-ETR 68.97 € 71.70 € -3.8% 105.45 € 66.00 € BRP, Inc. DOO-TSE $21.40 $19.04 12.4% $29.80 $13.87 Kawasaki Heavy Industries 7012-TKS 305 ¥ 329 ¥ -7.3% 613 ¥ 269 ¥ KTM Powersports AG KTM-WBO 120.00 € 122.50 € -2.0% 130.00 € 100.00 Michelin ML-PAR 86.23 € 88.38 € -2.4% 100.40 € 77.40 € NGK Sparkplug 5334-TKS 1751 ¥ 2000 ¥ -12.5% 3785 ¥ 1721 ¥ Suzuki Motor 7269-TKS 2763 ¥ 2725 ¥ 1.4% 4781 ¥ 2450 ¥ Yamaha Motor 7272-TKS 1669 ¥ 1849 ¥ -9.7% 3045 ¥ 1581 ¥ Yokohama Rubber 5101-TKS 1353 ¥ 1579 ¥ -14.3% 2774 ¥ 1340 ¥ DOMESTIC STOCKS OF INTEREST FOREIGN CURRENCY EXCHANGE 6/17/16 1 Month Ago 6 Months Ago Year Ago Annual Price Price %Change Price %Change Price %Change High Low Australian Dollar 1.35 1.36 0.6% 1.41 3.8% 1.30 -3.7% 1.28 1.46 British Pound 0.70 0.69 -1.2% 0.67 -3.9% 0.64 -9.0% 0.63 0.72 Canadian Dollar 1.29 1.29 0.2% 1.39 8.3% 1.23 -4.3% 1.22 1.46 Euro 0.89 0.88 -0.8% 0.92 3.8% 0.89 0.1% 0.86 0.95 Indian Rupee 67.09 66.82 -0.4% 66.46 -0.9% 64.16 -4.4% 63.38 68.72 Indonesian Rupiah 13,337 13,299 -0.3% 14,007 5.0% 13,367 0.2% 13,060 14,698 Japanese Yen 104.28 108.95 4.5% 122.68 17.6% 124.25 19.1% 103.93 125.00 Malaysian Ringget 4.10 4.02 -2.0% 4.31 5.2% 3.76 -8.4% 3.71 4.46 Phillipine Peso 46.45 46.42 -0.1% 47.38 2.0% 45.17 -2.8% 44.96 47.99 Singapore Dollar 1.35 1.37 1.3% 1.42 5.2% 1.35 -0.2% 1.33 1.44 South Korean Won 1,172.75 1,173.70 0.1% 1,180.10 0.6% 1,117.85 -4.7% 1,098.85 1,238.85 Taiwan Dollar 32.38 32.62 0.7% 32.79 1.3% 30.92 -4.5% 30.74 33.76 Thailand Bhat 35.25 35.49 0.7% 36.06 2.3% 33.69 -4.4% 33.62 36.58 Note: A positive percent change reflects a weakening of the U.S. dollar and a strengthening of the foreign currency. Source: Wells Fargo Securities LLC RIDE TODAY CONTINUED FROM PAGE 18