Volcon ePowersports Obtains Floor Plan Program with Dealer Direct Financing
Volcon ePowersports (VLCN) has launched a new floor plan and retail financing program through Dealer Direct Financial, a department of First Community Bank. This strategic initiative will enable Volcon's dealer network to finance their inventory purchases of the company's all-electric off-road vehicles. The program aims to provide flexible financial solutions to support inventory acquisition and drive sales growth.
CEO John Kim emphasized that this program demonstrates Volcon's commitment to strengthening dealer relationships and accelerating the adoption of their electric vehicles. The partnership with Dealer Direct Financial represents a significant step in Volcon's strategy to scale operations and support their expanding dealer network in meeting growing customer demand.
Volcon ePowersports (VLCN) ha lanciato un nuovo programma di finanziamento per il piano di scorte e vendita al dettaglio tramite Dealer Direct Financial, un dipartimento di First Community Bank. Questa iniziativa strategica permetterà alla rete di concessionari Volcon di finanziare l'acquisto del loro inventario di veicoli fuoristrada completamente elettrici. Il programma mira a offrire soluzioni finanziarie flessibili per supportare l'acquisizione delle scorte e favorire la crescita delle vendite.
Il CEO John Kim ha sottolineato che questo programma dimostra l'impegno di Volcon nel rafforzare le relazioni con i concessionari e accelerare l'adozione dei loro veicoli elettrici. La collaborazione con Dealer Direct Financial rappresenta un passo importante nella strategia di Volcon per espandere le operazioni e supportare la rete di concessionari in crescita nell'affrontare la domanda crescente dei clienti.
Volcon ePowersports (VLCN) ha lanzado un nuevo programa de financiamiento para inventario y ventas al por menor a través de Dealer Direct Financial, un departamento de First Community Bank. Esta iniciativa estratégica permitirá a la red de concesionarios de Volcon financiar la compra de inventario de los vehículos todoterreno totalmente eléctricos de la compañía. El programa busca ofrecer soluciones financieras flexibles para apoyar la adquisición de inventario y fomentar el crecimiento de las ventas.
El CEO John Kim destacó que este programa demuestra el compromiso de Volcon para fortalecer las relaciones con los concesionarios y acelerar la adopción de sus vehículos eléctricos. La alianza con Dealer Direct Financial representa un paso importante en la estrategia de Volcon para escalar sus operaciones y apoyar a su creciente red de concesionarios en la atención a la creciente demanda de los clientes.
Volcon ePowersports (VLCN)는 First Community Bank 산하 부서인 Dealer Direct Financial을 통해 새로운 재고 및 소매 금융 프로그램을 출시했습니다. 이 전략적 이니셔티브는 Volcon의 딜러 네트워크가 회사의 완전 전기 오프로드 차량 재고 구매 자금을 조달할 수 있도록 지원합니다. 이 프로그램은 재고 확보를 지원하고 판매 성장을 촉진하기 위한 유연한 금융 솔루션을 제공하는 것을 목표로 합니다.
CEO John Kim은 이 프로그램이 딜러 관계 강화와 전기차 도입 가속화에 대한 Volcon의 의지를 보여준다고 강조했습니다. Dealer Direct Financial과의 파트너십은 Volcon이 운영 규모를 확장하고 증가하는 고객 수요에 대응하기 위해 확장 중인 딜러 네트워크를 지원하는 전략에서 중요한 단계입니다.
Volcon ePowersports (VLCN) a lancé un nouveau programme de financement des stocks et de financement au détail via Dealer Direct Financial, un département de First Community Bank. Cette initiative stratégique permettra au réseau de concessionnaires de Volcon de financer l'achat de leurs stocks de véhicules tout-terrain entièrement électriques. Le programme vise à offrir des solutions financières flexibles pour soutenir l'acquisition des stocks et stimuler la croissance des ventes.
Le PDG John Kim a souligné que ce programme témoigne de l'engagement de Volcon à renforcer les relations avec les concessionnaires et à accélérer l'adoption de leurs véhicules électriques. Le partenariat avec Dealer Direct Financial représente une étape importante dans la stratégie de Volcon pour développer ses opérations et soutenir son réseau de concessionnaires en pleine expansion afin de répondre à la demande croissante des clients.
Volcon ePowersports (VLCN) hat ein neues Finanzierungsprogramm für Lagerbestände und Einzelhandelsfinanzierung über Dealer Direct Financial, eine Abteilung der First Community Bank, gestartet. Diese strategische Initiative ermöglicht es dem Händlernetzwerk von Volcon, die Lagerbestände der vollelektrischen Offroad-Fahrzeuge des Unternehmens zu finanzieren. Das Programm zielt darauf ab, flexible Finanzlösungen zur Unterstützung der Lagerbeschaffung bereitzustellen und das Umsatzwachstum zu fördern.
CEO John Kim betonte, dass dieses Programm das Engagement von Volcon zeigt, die Beziehungen zu den Händlern zu stärken und die Einführung ihrer Elektrofahrzeuge zu beschleunigen. Die Partnerschaft mit Dealer Direct Financial stellt einen wichtigen Schritt in Volcons Strategie dar, die Geschäftstätigkeiten zu skalieren und das wachsende Händlernetzwerk bei der Bewältigung der steigenden Kundennachfrage zu unterstützen.
- New floor plan financing program enables dealers to more easily purchase and stock inventory
- Partnership with established financial institution (First Community Bank) strengthens dealer support
- Program designed to accelerate sales growth and market expansion
- Strategic move to support scaling operations and meet growing demand
- None.
Insights
Volcon's new floor plan financing program will improve dealer inventory access, potentially accelerating sales growth and market expansion.
Volcon's new floor plan financing arrangement with Dealer Direct Financial represents a significant operational development for the electric powersports manufacturer. Floor plan financing is a critical mechanism in the vehicle sales ecosystem that allows dealers to stock inventory without tying up their own capital. Under these programs, the financial institution essentially purchases the inventory on the dealer's behalf, and the dealer repays the loan when vehicles are sold.
This financing solution addresses a key friction point in Volcon's distribution strategy. Previously, dealers likely had to commit their own capital to purchase inventory, limiting their ability to stock adequate quantities of Volcon's electric vehicles. With this floor plan program, dealers can now maintain broader inventory selection without capital constraints, potentially leading to:
- Increased dealer willingness to stock Volcon products
- Higher inventory levels across the dealer network
- Improved product availability for end consumers
- Accelerated sales cycles
For Volcon, this arrangement could translate to faster inventory turnover, improved cash flow management, and a potential increase in market penetration. The partnership with First Community Bank also adds credibility to Volcon's business model, suggesting the financial institution sees merit in the company's product line and market approach.
The inclusion of retail financing alongside the floor plan program creates a comprehensive financial ecosystem that supports both inventory acquisition and end-consumer purchases. This dual approach could significantly reduce barriers to adoption of Volcon's electric vehicles, which typically carry higher upfront costs than traditional internal combustion alternatives despite lower lifetime operating expenses.
AUSTIN, Texas, May 28, 2025 (GLOBE NEWSWIRE) -- Volcon ePowersports (Nasdaq: VLCN) ("Volcon" or the "Company"), the first all-electric, off-road powersports company, is pleased to announce the launch of a new floor plan financing and retail financing program provided by Dealer Direct Financial, a department of First Community Bank. This initiative will enable Volcon's network of dealers to finance their inventory purchases, providing them with enhanced access to the Company’s groundbreaking electric off-road vehicles.
The floor plan will provide flexible financial solutions designed to support inventory acquisition and drive sales of Volcon's cutting-edge products. By facilitating dealer access to affordable financing, Volcon aims to expand its market presence and ensure that customers nationwide can experience the next generation of off-road adventure with the Company's electric vehicles.
“We are excited to offer this floor plan program to our dealer network, which will empower them to grow their businesses while helping accelerate the adoption of our all-electric off-road vehicles,” said John Kim, CEO of Volcon. “This program reflects our commitment to strengthening dealer relationships and furthering our mission to revolutionize the powersports industry with sustainable, high-performance electric vehicles.”
The new floor plan program is a significant step in Volcon's strategy to scale its operations and support its growing network of dealers as they meet increasing demand for Volcon’s innovative electric powersports offerings.
“We’re proud to partner with Volcon in supporting their innovative approach to the powersports market,” said Steve Wilcoxon, president of Dealer Direct Financial. “Our floor plan program is designed to give dealers the flexibility and access they need to meet customer demand and grow their businesses. By offering tailored financing solutions, we’re helping bring Volcon’s electric off-road vehicles to more showrooms—and more riders—across the country.”
About Volcon
Based in the Austin, Texas area, Volcon was founded as the first all-electric power sports company producing high-quality and sustainable electric vehicles for the outdoor community. Volcon electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience.
Volcon's vehicle roadmap includes both motorcycles and UTVs. Its first product, the innovative Grunt, began shipping to customers in late 2021 and combines a fat-tired physique with high-torque electric power and a near-silent drive train. The Volcon Grunt EVO, an evolution of the original Grunt with a belt drive, an improved suspension, and seat, began shipping to customers in October 2023. The Brat is Volcon's first foray into the wildly popular eBike market for both on-road and off-road riding and is currently being delivered to dealers across North America. In 2024, Volcon entered the rapidly expanding LUV and UTV market and shipped its first production MN1 unit in October 2024. The new MN1 and HF1 products empower the driver to explore the outdoors in a new and unique way that gas-powered units cannot. They offer the same thrilling performance of a standard LUV / UTV without the noise (or pollution), allowing the driver to explore the outdoors with all their senses.
Volcon Contacts
For Media: media@volcon.com
For Dealers: dealers@volcon.com
For Investors: investors@volcon.com
For Marketing: marketing@volcon.com
For more information on Volcon or to learn more about its complete eBike, motorcycle and side-by-side line-up, visit: www.volcon.com.
For more information about First Community Bank’s Dealer Direct program, call 870-376-7123 or visit https://dealerdirectfinancial.com.
Forward-Looking Statements
Some of the statements in this release referenced in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, whether floor plan program will increase dealer purchases of Volcon products. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC's website, www.sec.gov.
SOURCE: Volcon, Inc.
About Dealer Direct Financial
Dealer Direct Financial is a department of First Community Bank, headquartered in Batesville, Arkansas. The program was established in 2005 in response to a need among local manufacturers for floor plan and retail financing solutions. Since its inception, Dealer Direct Financial has experienced significant growth and now services thousands of dealers nationwide. The program offers specialized financing for manufacturers, including floor plans and retail installment loans for tractors (up to 75hp), trailers, boats, powersports, motorcycles, lawn equipment, and farm equipment.
About First Community Bank
First Community Bank, which is locally owned and managed, opened August 4, 1997, in Batesville, Arkansas, and currently operates in 34 locations across Arkansas and Missouri. First Community Bank employs 600 professional bankers, and reports assets of
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