Polaris Reports 2017 Third Quarter Results
Polaris North American unit retail sales were up 13 percent with ORV retail sales up mid-teens percent and Indian Motorcycles unit retail sales up 16 percent.
Harley-Davidson Reports Q3 Down 8.1 Percent in the U.S.
Harley’s worldwide retail motorcycle sales were down 6.9% compared to the same period in 2016. Harley-Davidson U.S. retail motorcycle sales were down 8.1%, with the overall U.S. industry down 9.2% for the same period.
Strong Growth Reported in ATV/UTV Segment
Our latest survey of powersports dealers indicates that the off-road vehicle market saw strong UTV and ATV growth in the end of July, although the rest of the month saw lackluster demand, it appears the demand has carried over into August. Indeed, dealers noted that aggressive pricing is the primary driver of new unit sales
NYT Report: Young Buyers Turning to Used Bikes, Delaying Harley Recovery
The New York Times reported that Harley is likely to see a prolonged recovery due to the fact that younger buyers (i.e., millennials) are snapping up lower priced used bikes and metric models as opposed to purchasing a new Harley.
ChopperExchange Releases 2017 V-twin Industry Pricing Report
The report shows a softening in demand within the American V-twin market within the past year. Asking prices have fallen by 1.5% and 1.2% for used and new bikes, respectively.
Polaris Reports Q2 2017 Results, Beats Expectations
Sales for the second quarter of 2017 increased 21% to $1,364.9 million; adjusted sales increased 20% to $1,358.8 million, slightly ahead of expectations.
Dealers Report Burglaries On Rise
Is there a theft ring happening under our noses? By the looks of some news reports and emails we’ve been receiving, powersports dealers have been hit by a wave of burglaries lately.
Harley-Davidson Considering Bid to Buy Ducati According to Report
According to a recent Reuters report, Harley-Davidson is considering making a bid to buy rival Ducati. The deal could be worth up to $1.67 billion. Several other groups are also preparing bids for the Italian motorcycle maker, which is being put up for sale by Volkswagen.
Kawasaki Agrees to $5.2 Million Penalty for Failure to Report Defective ROVs to CPSC
The U.S. Consumer Product Safety Commission (CPSC) announced that Kawasaki Heavy Industries, Ltd., of Japan, Kawasaki Motors Corp., U.S.A., have agreed to pay a $5.2 million civil penalty.
Polaris Reports First Quarter Sales Increased 17%; ORV Dealer Inventory Down 9%
Polaris Industries Inc. recently reported its first quarter 2017 sales were $1,153.8 million, up 17 percent, from $983 million for the first quarter of 2016. Adjusted sales (which excludes the impact from Victory Motorcycles net sales for the first quarter of 2017) were $1,158.9 million compared to $983 million in the prior year period.
OEM Report Cards
First Quarter Results Last month we sent out a survey to a random sample of readers to help gauge the performance of manufacturers for the first three months of the year. We wanted to know whether a recent USA Today article that stated sales were up was in fact true. Below are the unvarnished results.
ATV Deaths and Injuries Continue to Decline Report Says
The U.S. Consumer Product Safety Commission’s (CPSC) 2015 Annual Report of ATV Deaths and Injuries (published January 2017) confirms that fatalities and injuries related to ATVs continue to decline. The Report finds a “statistically significant decreasing linear trend” in ATV-related injuries for 2007-2015.
Harley-Davidson Reports Fourth Quarter, Full-Year 2016 Results
For the full-year 2016, worldwide Harley-Davidson retail motorcycle sales were down 1.6 percent compared to 2015. U.S. retail sales decreased 3.9 percent, partially offset by international growth of 2.3 percent.
Arctic Cat Reports Net Loss In Fiscal ’17 Second Quarter Results
Arctic Cat Inc. has reported a net loss of $12.8 million on net sales of $164.6 million for the fiscal 2017 second quarter ended September 30, 2016. In the prior-year quarter, the company reported net earnings of $11.2 million on net sales of $211.2 million. Christopher Metz, Arctic Cat’s president and chief executive officer, stated: “We
Harley-Davidson Reports Third Quarter 2016 Earnings
Harley-Davidson worldwide retail motorcycle sales in the third quarter were down 4.5 percent, primarily on weak U.S. industry trends. Harley-Davidson retail motorcycle sales in the U.S. were down 7.1 percent compared to the year-ago quarter, with the overall U.S. industry also down for the same period.
Harley-Davidson Reports Second Quarter 2016 Earnings
Harley-Davidson second quarter 2016 earnings per share increased 7.6 percent to $1.55 compared to $1.44 in the same period in 2015. Net income was $280.4 million on consolidated revenue of $1.86 billion compared to net income of $299.8 million on consolidated revenue of $1.82 billion in last year’s second quarter.
