Captives’ second-quarter earnings last week reflected portfolio growth despite affordability and incentive challenges. Leases are a key driver for dealers as consumers continue to be hesitant amid inflationary pressures, high interest rates and elevated vehicle prices. 

In powersports, Harley-Davidson Financial Services’ originations ticked down 4% year over year in Q2 and retail finance receivables were flat YoY at $7 billion.