Following on the heels of positive Q1 financials, RideNow announced a significant expansion of its borrowing capacity with Wells Fargo on May 18. The group has secured an additional $35 million in floorplan financing to support several of its major OEM relationships. The increase brings RideNow’s total credit capacity to approximately $400 million, up significantly from the amount reported at the close of 2025.
“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,” explained Michael Quartieri, Chairman, Chief Executive Officer 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 additional $35 million funding was secured through Wells Fargo, which increased RideNow’s floorplan capacity from $100 million to $135 million, which 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.
“This floorplan increase is a timely accomplishment, as we anticipate that it will support product availability at RideNow dealerships throughout the 2026 riding season,” concluded Quartieri. “With increased liquidity for new and pre-owned units, RideNow continues to solidify its position as a national leader in the powersports industry.”
