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May 4, 2009 – Finance Digest

May 4, 2009

BRP secures retail-financing options BRP is offering its customers competitive retail financing options thanks to agreements with U.S. Bank and Sheffield Financial in the United States and TD Canada Trust in Canada, the company reported in a press release. The financing is available to BRP’s North... Read more »

May 4, 2009 – Industry Leader: Cliff Clifford, NPA

May 4, 2009

Cliff Clifford is CEO of National Powersport Auctions (NPA), a growing wholesale provider to the industry. Thanks in part to increased consignment activity with its dealers, NPA added a new facility in Cincinnati in 2008 and is scheduled to add another new site in Portland, Ore., later this year. The... Read more »

May 4, 2009 – Industry Leader: Christopher Carter, Motion Pro

May 4, 2009

Motion Pro founder and owner Christopher Carter has led the company through 25 years of business. He is recognized as a mentor and leader in the powersports industry. A gold medal winner in the International Six Day Trials, Carter and his team of engineers developed most of the tools and products... Read more »

May 4, 2009 – Industry Leader: Brian Etter, Motorsport Aftermarket Group

May 4, 2009

Motorsport Aftermarket Group (MAG) continued to grow its industry presence in 2008, acquiring two aftermarket manufacturers to bring its total businesses to 10. The privately owned company, headquartered in Irvine, Calif., also grew its revenue, both through its core business and its acquisitions, said... Read more »

May 4, 2009 – Industry Leader: Philip McCaleb, Genuine Scooter Co.

May 4, 2009

President Philip McCaleb led Genuine Scooter Co. to record sales last year. The company sold more than 12,000 vehicles in 2008, a 178 percent increase over the prior year. McCaleb continues to lead his company by emphasizing the importance of dealer 20 groups. Genuine Scooter Co. and Gart Sutton teamed... Read more »

May 4, 2009 – Retail sales drop more than 30 percent in first quarter

May 4, 2009

Two-wheel and four-wheel new unit sales fell more than 30 percent in the first quarter compared to the previous-year period, with each major category falling at least 24 percent. All totaled, the retail sales report by the Motorcycle Industry Council (MIC) showed a 31.7 percent decline through March,... Read more »

May 4, 2009 – Survey: Retail sales practices improving for most brands

May 4, 2009

By Neil Pascale Editor Compared to last year, the motorcycle sales department staff is more likely to introduce themselves to clients and ask follow-up questions, not to mention encourage consumers to sit on a bike. However, they are less likely to inform the consumer about financing options, discuss... Read more »

May 4, 2009 – Yamaha Rhino models now part of free repair program

May 4, 2009

Yamaha Motor Corp. U.S.A. and the Consumer Product Safety Commission (CPSC) announced a free repair program to address safety issues for about 120,000 Rhino 450 and Rhino 660 vehicles, according to the CPSC. The CPSC staff has investigated more than 50 incidents involving 46 driver and passenger deaths... Read more »

May 4, 2009 – Reprieve for youth-designed ATVs?

May 4, 2009

By Neil Pascale Editor The effort to get youth-designed ATVs and motorcycles back on the showroom floor appears to be moving to the state level. At press time, the Consumer Product Safety Commission (CPSC) was finalizing a vote that would grant the industry a temporary stay, allowing it to sell vehicles... Read more »

May 4, 2009 – Sign of the times: Dealership goes from cars to repossessions

May 4, 2009

By Karin Gelschus Associate Editor Adaptation is often key to surviving changing times, and the current economic situation has pushed some companies to do just that to stay in business. One of half a dozen new car dealerships that fell victim to the economic downturn in San Bernardino, Calif., changed... Read more »

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