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3 March 2021

Powersports

Powersports industry continues to grow in Canada

The global powersports industry – like powersports vehicles themselves, continues to accelerate quickly. **A Market Research Future Report** predicts that by 2025, the powersports market will rise by an impressive 5.65%. Powersports has steadily grown in popularity around the world as an adventurous brand of entertainment, both by riders and spectators - but powersports owes much of its popularity to the North American market. It’s no surprise that North America accounts for a huge portion of powersports sales. Factors such as favourable weather conditions, increasing establishment of recreational clubs, and growing expenditure by consumers on recreational activities have made it a powersports hot spot. That’s why the US and Canada account for the largest share of the powersports market year-over-year. Take a look at some of the key players and top brands that make this industry the powerhouse it is today! **Key Players in Powersports** According to the Market Research Futures Report, the top performing powersports brands are: • BRP • Textron Inc. • Yamaha Motor Co. Ltd • Honda Motor Co. Ltd • Polaris Industries Inc. Since Canada continues to steer powersports sales in a lucrative direction, powersports dealers have a unique opportunity to capitalize on the more sales, with financing options built to enhance approvals. LendCare Offers Full-Spectrum Powersports Financing When it comes to helping your customers attain financing for all powersports vehicles, including snowmobiles, ATVs, motorcycles and dirt bikes – LendCare offers unique financing solutions that fit customers with varying credit histories. Our flexible financing programs cater to the needs of your near-prime, sub-prime and non-prime customers. This enables you to close the deals that other lending options are quick to decline. With interest rates starting at 9.9% and dealer reserves up to $450 on each deal, we support the financing needs of thousands of powersports dealers across Canada. To learn more, or signup with LendCare, please visit our **powersports financing page**, and see the difference we can make at your dealership.

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