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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 Updates

COVID-19 Updates

With recent developments to the COVID-19 mandates and the lockdown issued by the Government of Ontario and Quebec, effective Dec 26th, we wanted to let you know that we are still here to service our partners' needs.

While we are all impacted during this COVID-19 pandemic, we are maintaining a solid support system for your business needs. At LendCare, we make it our priority to ensure that we continue to provide your business and our customers with the care they deserve.

We are committed to providing you with the same level of service that you have become accustomed to, so that the financing process is as seamless as possible. We continue to operate at full capacity and would like to reassure you that we are continuing to process applications and issue payments. We are still fully capable of processing and authorizing loan agreements. 

Feel free to contact us by email, phone or through our online contact form should you require any assistance. We will keep you updated on any changes that affect our business operations. If you have any questions or concerns, please reach out to us as you would normally, and we will be happy to respond to you.