RideNow Group, Inc., the powersports dealership group that partners a wide range of major powersports brands, has reported that it has inked a deal to significantly expand its borrowing capacity. The new deal, announced on May 18, secures an additional $35 million in floorplan financing to support several of the company’s major OEM relationships.
The increase is said to bring RideNow’s total credit capacity to roughly $400 million, up significantly from the amount reported at year-end 2025.
The additional $35 million in funding was secured through Wells Fargo, increasing RideNow’s floorplan capacity from $100 million to $135 million. This includes $115 million dedicated to new-vehicle inventory for Polaris, Indian, and Suzuki, and a new $20 million allocation specifically 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,” said Michael Quartieri, chairman, CEO and president of RideNow Group, Inc. “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.”
The company said in a media release that this floorplan increase is a timely accomplishment, as it anticipates that it will support product availability at RideNow dealerships throughout the 2026 riding season.
Image courtesy RideNow Group, Inc.
