The used vehicle finance industry is typically focused on cars and trucks; however, if a dealer is looking to expand her portfolio, motorcycles might be a good choice. Manufacturers are designing and producing lighter bikes for city use in order to appeal to a younger demographic, per Autos CheatSheet®. And this is where the opportunity lies for vehicle finance. Yet, perhaps you are hesitant about adding this mode of transportation to your portfolio because motorcycles don’t typically have telematics options – until now.
U.S. Motorcycle Market