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5 August 2020

Powersports sales ride high through pandemic

For many businesses, it has been an ongoing struggle to remain operational, let alone profitable, throughout the COVID-19 pandemic. Many were forced to shutdown in March, in an attempt to flatten the curve and limit the spread of the disease, but one industry has powered through the pandemic with record-breaking sales. Canadian powersports dealers have seen a huge increase in sales compared to this time last year. ATV, personal watercraft, and motorcycle sales have skyrocketed across the country over the past few months.

High-speed social distancing

It seems that physical distancing efforts and prolonged ‘staycation’ protocols have inspired many to take up new outdoor hobbies and off-road activities.

Parents are using their ‘staycation’ to encourage off-road riding that allows families to get outside together and give kids something to do when local summer camps or organized sports have been cancelled. This has had a direct affect on mini bike sales. According to the MMIC (Motorcycle and Moped Industry Council), a national organization that represents the industry in Canada, mini bike sales have risen 41% and 87% year-to-date respectively. But it’s not just kids having all the fun…

Street bikes have seen a similar surge in sales throughout June as well. According to MMIC data, sales have increased by 24% compared to 2019. Motorcycles are a great, social distance-approved way of outdoor escape that allows riders to get out of the house while still exercising physical distancing practises.

LendCare fuels all your financing solutions

With this increased demand for recreational vehicles, now is the time for powersports dealers to capitalize on their sales potential. Thankfully, LendCare is among Canada’s premier choices for powersports financing. This season, we just launched 9.9% interest rate financing solutions, exclusively to Canadian powersports dealers. Take advantage of the growing demand and get your customers out on the open road with manageable installment payments for that recreational vehicle they’ve been wanting to purchase. Signup now to partner with LendCare and help your customers finance the freedom they’ve been looking for today!

COVID-19 & Toronto Humane Society Fundraiser

COVID-19 & Toronto Humane Society Fundraiser

We understand that this is a challenging time for all of us, as we navigate through this new normal. While we are all impacted during this COVID-19 pandemic, we are maintaining a solid support system for your needs. At LendCare, we make it our priority to ensure that we continue to operate at full capacity and provide our partners and customers with the care they deserve.

Toronto Humane Society Fundraiser Information

We cannot thank you enough for all you’ve done to help animals in need. With your help, we have raised over $15,000 in just 4 days! We ask you all to keep the donations coming, and LendCare will match, dollar for dollar, up to another $5,000 for the Toronto Humane Society! With your support, we can reach $25,000 or more for this great cause.

Every dollar you give helps the Toronto Humane Society reach its $100,000 goal to cover the veterinary costs of pets that have been surrendered due to the financial impact of COVID-19.

We double-dog dare you to donate generously, and help us exceed our goal, yet again! No donation is too small.

Click the HERE to donate, directly to the Toronto Humane Society. We thank you in advance for your support!