RideNow Group announced that it has secured an additional $35 million in floorplan financing capacity, increasing the company’s total credit capacity to approximately $400 million. The added financing is designed to support several of the company’s major OEM relationships and strengthen inventory availability across its dealership network during the 2026 riding season.
The expanded funding was provided through Wells Fargo, which increased RideNow’s floorplan financing capacity from $100 million to $135 million. The updated structure includes $115 million allocated toward new vehicle inventory for Polaris, Indian, and Suzuki products, along with a new $20 million allocation dedicated specifically to pre-owned vehicle inventory.
RideNow Group said the expanded borrowing capacity will help optimize the balance between new and used inventory while supporting customer demand across dealerships nationwide.
The company noted that the additional liquidity is expected to improve product availability throughout the 2026 riding season and further strengthen its position in the powersports retail industry.
RideNow Group operates a nationwide powersports dealership platform offering new and pre-owned motorcycles, all-terrain vehicles, side-by-side vehicles, personal watercraft, snowmobiles, and related products. The company also provides parts, accessories, finance and insurance products, aftermarket services, and vehicle acquisition solutions through its proprietary RideNow Cash Offer tool.
KEY QUOTE:
“Securing this expanded floorplan capacity is a testament to the hard work our team has done to improve our operations and strengthen our OEM partnerships. We believe the expanded floorplan will allow us to better align our new and used vehicle inventory, ensuring we have the right product mix to meet customer demand at our dealerships across the country.”
Michael Quartieri, Chairman, Chief Executive Officer and President, RideNow Group, Inc.
