The demand for MotoNovo Finance's distinctive Supplier Direct Funding service continues to increase. While the broader market for new motorcycles, excluding mopeds, fell by 11.9%, MotoNovo Finance delivered a record month of lending for motorcycles. It has been part of a broader trend this year, with year-on-year volumes in July up a staggering 35%.
Reflecting upon the sustained growth, Julian Oliver, National Motorcycle Manager at MotoNovo Finance, notes;
"Our success can be attributed to a combination of factors, including our technology, distinctive risk-based-pricing model, MotoRate and above all, our people. The alignment of these factors is winning us new dealer friends and seeing us increase our activities with existing dealer partners.
"If there is one area of growth of which I am particularly proud, it has to be our success in increasing our share of the new motorcycle market by 43% in case numbers. It is a great illustration of how more dealers are choosing to collaborate with MotoNovo."
Press release issued by MotoNovo Finance, September 2022