Dealer icon killed in motorcycle accident
July 31, 2009
Bruce Rossmeyer, the founder of multi-line dealership complex Destination Daytona and owner of a number of Harley-Davidson dealerships, was killed in a motorcycle accident yesterday, according to the American Motorcyclist Association. Rossmeyer was on a ride with a five other motorcyclists in the western... Read more »
Arctic Cat ends once-a-year ATV ordering system
July 31, 2009
Arctic Cat is changing its ATV distribution, allowing dealers to make new unit orders three times per year rather than just once a year. Arctic Cat officials said dealers now will be making their orders in June, August and January rather than at a summer-time company dealer network show. “This new... Read more »
Ducati North America reorganizes its workforce
July 31, 2009
Ducati North America has announced a reorganization in wake of a challenging retail and currency exchange environment. Ducati has combined its sales and marketing functions into one group. That group will report to the sales and marketing director, Jason Chinnock, who was previously the U.S. sales director.... Read more »
Scooter OEM reports 46 percent in net profit
July 31, 2009
Piaggio SpA reported a 46 percent drop in net profit to $36.33 million for the first half on lower sales of its two-wheelers and other vehicles. Conversely, Piaggio said it saw the first signs of recovery in March and the company aims to utilize government incentives in Italy and Spain for the purchase... Read more »
What part of the on-road new unit business has fallen the most?
July 31, 2009
Powersports Business is looking closely at what segment of the on-road new unit business has taken the hardest hit thus far this year compared to the prior year period. Preliminary results show about 47 percent of respondents are saying the dual purpose segment is doing the worst. To cast your vote,... Read more »
Baseball, apple pie and … living beyond our means
July 31, 2009
Maybe I’m in denial. Maybe. But even with all the craziness surrounding our economic downturn, there is one proposed consequence of the recession that I just can’t buy into. And it comes from this statement made last year by economist Jay Feldman: “The era of consumers living beyond... Read more »
Harley releases 2010 lineup, sees credit rating downgraded
July 28, 2009
Just a few days after releasing its 2010 model lineup, Harley-Davidson learned an agency downgraded its credit ratings. The new rating from Standard & Poor’s Ratings Services, however, remains investment grade, according to an Associated Press report. “The downgrade is based on our concerns... Read more »
Dover reports declining sales, earnings
July 28, 2009
Dover Corp., which includes aftermarket manufacturers Wiseco and Warn among others, saw its second-quarter revenue decrease by 31 percent over the year-ago quarter. The revenue decrease — total sales amounted to $1.4 billion — was driven by a decline in core business revenue of 29 percent, a negative... Read more »
Find out how well your dealership fares with online leads
July 28, 2009
Dealerships who sign up for the upcoming Powersports Business Conference & Expo will find out how well their store is following up with online leads. Dealers who register early for the Conference & Expo will be mystery shopped online by a third party, and they will be able to pick up a custom... Read more »
Polaris reveals 2010 product lineup
July 28, 2009
Along with making its way into the electric low emission vehicle market, Polaris Industries released its new 2010 off-road models. At Polaris’ summer sales meeting, it showed off its new two-up models, a redesigned value lineup of ATVs, a mid-size Ranger and an electric-powered Ranger. “The Polaris... Read more »
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