Honda profits decrease 56 percent
October 30, 2009
Honda Motor Co. this week released its second quarter results, which showed a net income of $599 million, a decrease of 56.2 percent from the same period in 2008. The company said the decline for the quarter, which ended Sept. 30, was primarily due to decreased car sales and the unfavorable impact of... Read more »
New national aftermarket campaign for dealers started
October 30, 2009
An effort to drum up late-season aftermarket sales has been started by members of the Motorcycle Industry Council (MIC). The effort, called “Revive Your Ride,” includes free promotional material and expected participation by a number of aftermarket distributors and manufacturers, the latter of which... Read more »
Arctic Cat 2Q results
October 30, 2009
Due to continued tough economic conditions, Arctic Cat’s retail sales are down in every category, including snowmobile, ATV and PG&A. However, the company has reduced its operating expenses and inventories, Arctic Cat reported. Net sales were $166.3 million in the second quarter, which ended... Read more »
ARI increases revenue for fiscal 2009
October 30, 2009
Due to growth of marketing services and two acquisitions, ARI was profitable for its 2009 fiscal year, which ended July 31, the company reported in a release. ARI’s revenue increased to $17.6 million for the year, which is up from $16.9 million in fiscal 2008. The company’s operating income was $767,000... Read more »
Arctic Cat recalls snowmobiles due to fire hazard
October 30, 2009
In cooperation with the Consumer Product Safety Commission (CPSC), Arctic Cat has voluntarily recalled about 3,000 snowmobiles, according to the CPSC. The recalled sleds’ oil had the potential to leak into the engine compartment, posing a fire hazard to consumers. In addition, the CPSC said the fuel... Read more »
SHAD Motorcases parts ways with Tucker Rocky
October 27, 2009
European motorcycle luggage manufacturer SHAD has parted ways with Tucker Rocky as a distributor, the company reported in a release. As of Oct. 15, Tucker Rocky is no longer a distributor of SHAD Motorcases & Accessories. “We have come to the conclusion that Tucker Rocky’s business model does... Read more »
OGIO adds four new reps
October 27, 2009
OGIO International has signed on four new sales representatives for the powersports industry, including Jeff Harden, Wayne Layman, Steve Yenik and Jason Reiten, according to the company. “I couldn’t be more excited with the addition of these new guys,” Brian Bott, motorsports national sales manager,... Read more »
Did H-D make the right move by leaving the sport bike market?
October 27, 2009
The news of Harley-Davidson leaving the sport bike market came as a surprise to many, but was it the right decision? Powersports Business’ latest poll is asking that very question. Preliminary results show 55 percent of respondents disagree with the move in some way. To vote and see immediate results,... Read more »
Zero Motorcycles launches fleet sales program
October 27, 2009
Electric motorcycle maker Zero Motorcycles has launched a fleet sales program that provides the opportunity for corporate, non-profit, government and small business buyers to get professional sales support for multi-unit purchases, the company reported this week. The fleet program will begin Nov. 2 and... Read more »
Neck brace OEM introduces new branding
October 27, 2009
Leatt, manufacturer of the Leatt-Brace, debuted new logo and slogan, “Engineered for Performance,” to further establish the company’s dedication to safety, reported the company in a press release. “The new logo is another significant step in our progress as a company,” Dr. Chris Leatt, founder... Read more »
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