RideNow Group secures additional $35M in floorplan capacity
Powersports dealership group RideNow Group announced on May 18 an expansion of its borrowing capacity, securing an additional $35 million in floorplan financing to support several of its major OEM relationships, and bringing RideNow’s total credit capacity to approximately $400 million.
The additional $35 million funding was secured through Wells Fargo, which increased RideNow’s floorplan capacity from $100 million to $135 million, including $115 million dedicated to new-vehicle inventory for Polaris, Indian, and Suzuki, as well as a $20 million allocation for pre-owned-vehicle inventory.
“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,” says Michael Quartieri, Chairman, CEO, and president of RideNow Group. “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.”
This floorplan increase is a timely accomplishment, the company says, as it anticipates it will support product availability at RideNow dealerships throughout the 2026 riding season. With increased liquidity for new and pre-owned units, RideNow — which controls 50 powersports dealerships throughout the U.S. — says it’s confident it will continue as a national leader in the powersports industry.
