|
All Other Bikes... KTM, Husky, VOR, Husaberg & Hondayamazuki... |
|
Thread Tools | Display Modes |
#1
|
||||
|
||||
Interesting News About KTM Dealers
I don't know any more than this: I heard today that KTM is making it a requirement for all dealers to use GE Financing (presumably for KTM/Husky bike purchases). Initial word is that a lot of long time dealers will be dropped due to this requirement. In my opinion, there are 3 reasons for making this change: Because they are so big they can and don't care, they will get a financial kickback from GE, or they are trying to weed out some dealers that they no longer want (in favor of newer dealers who they do want the money from). Anybody here about this?
Eric
__________________
2018 GG 300 GP 2014 GG 300 Racing E 2002 ATK 605 Dual Sport 2003 KX/KDX 220 hybrid 2021 Kawasaki KRX 1000 Trail Edition 1974-86 Vintage Can Ams, SWMs, Puchs, etc. |
#2
|
||||
|
||||
I don't think it's new. Doesn't it only apply to customer financing? If so it's been that way for 10 years or so.
__________________
04 Montesa 315R, 07 EC300, 21 KTM Erzberg 300, 21 Sherco 300 SEF-F, 23 KTM 690, 23 Rieju Mr Pro 300 |
#3
|
|||
|
|||
Finance
It's been like that for yrs. Financed my adventure bike through
a credit union back in 07, ktm didn't give a rats arse about even trying to come close to my rate. Hmmm maybe they will abort Husky in a few yrs as well.....
__________________
2012 BMW GS 800 Trophy |
#4
|
||||
|
||||
This is more likely financing for the dealer's operation and floorplanning of bikes, not consumer financing.
PlusOnePerformance
__________________
Steven Beane #275 PlusOnePerformance - Superior Service the World Over - Dearborn MI AMA District 14 (Michigan) Officer afterhourscycle.com Michigan's Beta and TM Race Headquarters |
#5
|
|||
|
|||
KTM has forced dealers to use GE floor planning for at least 10 yrs. They do ALL their billing through GE. Bikes, parts, accessories all billed on their GE account.
The biggest issue is that GE isn't giving out money as easily as they did a few years ago and a lot of dealers do not qualify to use GE financing and in turn, KTM has no choice but to cancel their dealer agreements. |
#6
|
||||
|
||||
I was just passing along what I heard at the time as I did not know what the history was with KTM and GE Financing. Ultimately, it was the potential dropping of long time dealers that I was trying to communicate. I had heard that some southern US dealers were impacted by more stringent financing rules.
Eric
__________________
2018 GG 300 GP 2014 GG 300 Racing E 2002 ATK 605 Dual Sport 2003 KX/KDX 220 hybrid 2021 Kawasaki KRX 1000 Trail Edition 1974-86 Vintage Can Ams, SWMs, Puchs, etc. |
#7
|
||||
|
||||
You're cool. After a couple dealers went out and left Clay holding the bag he 'encouraged' dealers to get hooked up with GE. The terms seemed onerous and intrusive to me so I went another direction.
If it had been a deal breaker like it sounds like with KTM I'd have started peddling Chinese scooters instead PlusOnePerformance
__________________
Steven Beane #275 PlusOnePerformance - Superior Service the World Over - Dearborn MI AMA District 14 (Michigan) Officer afterhourscycle.com Michigan's Beta and TM Race Headquarters |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Stocking Dealers | clausf | General Discussions & Announcements | 10 | 07-02-2012 08:54 PM |
Awesome dealers! | mcnut | General Discussions & Announcements | 0 | 06-20-2012 08:58 AM |
Melbourne dealers | Snelens | Australia & New Zealand | 7 | 02-06-2012 02:17 PM |
50 Dealers!!!!!! | Clay | General Discussions & Announcements | 56 | 12-21-2010 08:51 AM |