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Here is some interesting automotive news for you that has bearing over our two-wheeled world, as CNN is reporting that more Americans are behind on their car loans than ever before.

The news accounts for two trends that we are seeing in the United States. One, the decline of automobile ownership; and two, the rising debt load amongst citizens, especially millennial buyers.

What this translates into the car world – namely that buyers are increasingly defaulting on their auto loans – likely bears the same reality in the motorcycle industry, since so many motorbikes are bought through financed payment schemes.

Even if you’ve financed the purchase of a motorcycle recently, we doubt you noticed that GE Capital has removed itself from the vehicle lending business, but it was a big deal for dealers and manufacturers.

A major player in financing not only the inventory and flooring for dealers, lending money to smaller OEMs to create product and inventory, as well as helping consumers finance their expensive play toys, GE Capital has been one of the larger lenders in the motorcycle space for the past decade or so, and likely has helped you save a fraction of a percent or two on your lending rate.

That fraction of a percent though means that GE’s decision to get out of the automotive lending game has had serious ramifications in the two-wheeled world, even if it’s not the sexiest subject to talk about on a moto-news site.

This is why it’s a pretty big deal that Wells Fargo is poised to acquire GE Capital’s commercial distribution finance and vendor finance businesses, as well as some of GE’s corporate finance business, as it means another major lending body will service the motorcycle industry.