News and stories from the world of Powersports business
Pony Powersports Lancaster • Carroll Welcomes Denago to Its Expanding Lineup of Powersports Brands
Pony Powersports Lancaster • Carroll is proud to announce the addition of Denago, a premier name in the Powersports industry, to its lineup of high-quality brands. This exciting addition strengthens our commitment to offering customers the latest and best in Powersports innovation, further solidifying Pony Powersports as a go-to destination for riders of all kinds.
Denago is known for its cutting-edge electric bikes, delivering high-performance rides with advanced technology and top-tier craftsmanship. By bringing Denago into our showroom, Pony Powersports Lancaster • Carroll continues to provide an even greater selection for Powersports enthusiasts looking for adventure on two wheels.
“We are thrilled to welcome Denago to our growing family of brands,” said Chris Jones, CEO & President at Pony Powersports. “As Powersports continues to evolve, we’re dedicated to offering riders more choices, including top-tier electric mobility solutions. Denago is a fantastic addition, and we can’t wait for our customers to experience it.”
About Iron Pony Motorsports Group
For over four decades, Iron Pony Motorsports Group has proudly stood as a cornerstone of excellence in the Powersports industry. More than just a name, Iron Pony is a trusted partner for enthusiasts, riders, and adventurers alike.
- Commitment to Excellence: Providing top-notch products and unparalleled customer service, Iron Pony is a household name in the Powersports world.
- Passion for Powersports: Led by a team of dedicated riders, Iron Pony Motorsports fosters a vibrant community of Powersports enthusiasts.
- Industry-Leading Offerings: With four locations and robust e-commerce platforms (IronPony.com and Motostealz.com), Iron Pony provides riders with an unmatched selection at industry-leading prices.
- Family Owned and Operated: Integrity, trust, and camaraderie define the Iron Pony experience, ensuring every customer feels like part of the family.
Visit Us Today!
Stop by Pony Powersports Lancaster • Carroll to check out our latest lineup, including the all-new Denago models. Whether you’re looking for traditional Powersports vehicles or the latest in electric mobility, we’ve got something for every rider.
For more information, visit PONYPOWERSPORTS.com or follow us on social media for the latest updates!
RumbleOn Reports Fourth Quarter and Full Year 2024 Financial Results
RumbleOn, Inc. (NASDAQ: RMBL), (“RumbleOn” or “the Company”), today announced financial results for its fourth quarter and full year ended December 31, 2024.
Key Fourth Quarter 2024 Highlights (Compared to Fourth Quarter 2023):
- Revenue of $269.6 million decreased 13.4%
- Net loss totaled $56.4 million compared to net loss of $168.5 million, including intangible asset impairment charges of $39.3 million in 2024 and $60.1 million in 2023. Net loss in 2023 also included an increase in the deferred tax valuation allowance that resulted in income tax expense of $59.3 million being recorded on a loss.
- Selling, general & administrative expense (SG&A) was $64.2 million compared to $81.7 million
- Adjusted EBITDA(1) of $2.2 million compared to a loss of $0.3 million
Key Full Year 2024 Highlights (Compared to Full Year 2023)
- Revenue of $1,209.2 million decreased 11.5%
- Net loss totaled $78.6 million compared to net loss of $215.5 million
- Selling, general & administrative expense (SG&A) was $275.4 million compared to $347.3 million
- Adjusted EBITDA(1) of $32.9 million decreased 12.0%
Other Highlights:
- Fully repaid $38.8 million of 6.75% convertible senior notes upon maturity in January 2025
- Raised $10 million in a rights offering
- Completed a sale-leaseback for a dealership property with gross proceeds of $4.0 million
- Entered into a new $16.0 million floor plan line for pre-owned inventory with a related party
- Reduced inventories by $106.9 million and floor plan notes payable by $81.4 million during the year
- Operating cash inflows for 2024 totaled $99.4 million compared to cash outflows of $38.9 million in 2023
- Reduced Non-Vehicle Net Debt(1) in 2024 by $60.8 million to $182.1 million
“Despite the macroeconomic challenges of 2024, we remained focused on disciplined execution, operational efficiency, and building a strong foundation for long-term value creation. While our powersports segment faced headwinds, we exceeded our goal of reducing new inventory levels and generated positive free cash flow for the year. I’m incredibly proud of our front-line store operations team for delivering exceptional performance in a tough environment. There’s more work ahead to strengthen profitability in 2025, but with the right inventory mix and a well-developed plan, we’re confident we can deliver sustained, improved results,” stated Michael Quartieri, RumbleOn’s Chairman and Chief Executive Officer.
Polaris Promotes Matt Winings to Senior Vice President and General Counsel
Polaris Inc. (NYSE: PII), today announced it is promoting Matt Winings to senior vice president, general counsel and corporate secretary for Polaris. Winings joins the Company’s executive leadership team and will report to Polaris CEO Mike Speetzen, effective immediately. In this leadership role, Winings will oversee all of Polaris’ legal, compliance, regulatory, government affairs and governance practices across its global businesses. He joined Polaris in 2023 as vice president and assistant general counsel.
“As a highly skilled attorney, Matt has been an incredible asset to Polaris over the last two years with a proven track record of providing strategic and business-focused counsel,” said Speetzen. “His deep legal acumen and understanding of our industry’s complex matters, along with the already strong relationships he’s built across our businesses, will be invaluable as he transitions into the role of general counsel for Polaris.”
Winings brings nearly two decades of legal expertise to his role as general counsel. Prior to joining Polaris, Winings spent more than 10 years with Cummins Inc. serving in various senior legal roles, including internationally in the company’s London office. Prior to that, he practiced in the litigation group at Barnes & Thornburg LLP. Winings holds a J.D. from Indiana University Maurer School of Law. He earned a bachelor’s degree from Indiana University.
CB750 Hornet, CB1000 Hornet SP, NT1100 DCT Headline Honda New-Model Announcement
Continuing its legacy of innovation and excellence in the two-wheel on-road powersports market, American Honda today unveiled three new additions for the 2025 model year—the CB750 Hornet and CB1000 Hornet SP naked bikes, and the NT1100 DCT sport-touring machine. Already popular in Europe, these three models offer a mix of performance and style that is sure to be a hit in the U.S. The CB750 Hornet and CB1000 Hornet SP have earned praise for their thrilling performance and head-turning design, while the NT1100 DCT adds a great option for exhilarating touring experiences.
“We know American customers have been eager to see these exciting new models in the U.S., and we’re pleased to finally be able to confirm their availability here,” said Colin Miller, Manager of Experiential Marketing at American Honda. “The CB750 Hornet and CB1000 Hornet SP carry on the legacy of the legendary CB name in the U.S., and we’re confident that our customers will be captivated by their capabilities. In addition, as the most popular sport-touring bike in Europe, the NT1100 DCT will extend and expand the tradition of touring Honda offerings.”
The same Honda announcement revealed updates to popular models including the Rebel 300 and 500 cruisers, as well as the CRF300L, and CRF300L Rally dual-sport machines. In addition, the returns of nine other on-road motorcycle models were also confirmed.
2025 CB750 Hornet
To the glee of eager American customers, Honda’s CB750 Hornet is available in the U.S. market for the 2025 model year and is ready to Shake Up the Hive. Featuring responsive handling and a parallel-twin engine with a competitive power-to-weight ratio, three riding modes and electronic rider aids, this middleweight streetfighter is ideal for cruising to work or enjoying zipping around on a day off. The CB750 Hornet is a fresh option for riders seeking everyday practicality and thrilling performance.
- Colors: Matte Black Metallic; Matte Pearl White
- MSRP: $7,999
- Available: May
- Info
2025 CB1000 Hornet SP
When a motorcycle’s description includes characteristics like a CBR1000RR-derived engine, a nimble chassis, Öhlins shock and eye-popping styling, “value” isn’t the first word that comes to mind. Yet, that’s a very appropriate adjective for the CB1000 Hornet SP, which grows Honda’s powersports family with a machine that’s entirely worthy of the heritage that goes with the CB name—but that comes with an extremely attractive MSRP. Taking all that into account, the all-new naked bike Stings Harder Than Ever, and is sure to take the U.S. market by swarm.
- Color: Matte Black Metallic
- MSRP: $10,999
- Available: April
- Info
2025 NT1100 DCT
The NT1100 is a straightforward sport-touring machine, with a full feature list and a sporty edge to its performance—the sort of bike that deals with the weekday commute efficiently and is also ready for an extended tour, fully loaded. Designed to appeal to those with a memory of similar Honda machines from the past, but also to attract a much younger rider, it employs the frame and parallel-twin engine of the Africa Twin as a base, ensuring characterful, engaging performance, and it packs in features and technology that broaden any motorcycle’s appeal.
- Color: Pearl Hawkeye Blue
- MSRP: $11,899
- Available: May
- Info
2025 Rebel 300
Among the best-selling entry-level cruiser models in the powersports industry, Honda’s Rebel 300 offers a blend of approachability, affordability, modern features and a classic aesthetic, all of which combine to make it a great machine for entering the world of on-road motorcycling. Powered by a smooth, manageable 286cc single-cylinder engine, and offering a low, 27.2-inch seat height, a narrow cockpit and a feathery overall weight, the timeless, maneuverable Rebel 300 is a great option for daily commuting and casual weekend rides. For 2025, it features an updated handlebar position, a more comfortable seat and a front paint-matched fender.
- Color: Matte Black Metallic
- MSRP: $4,849
- Available: April
- Info
2025 Rebel 500
One of the most popular choices for new riders, Honda’s Rebel 500 is practical, approachable, and just plain fun, a cruiser that combines style-focused features like a hip design with a powerful-yet-smooth 471cc engine. With its lightweight design, low seat height and relaxed riding position, it’s nimble and easy to maneuver. Whether the intent is just getting into riding, stepping up from a smaller bike, or experiencing the thrills and adventure of a small cruiser, the Rebel 500 is a great fit. For 2025, it features an updated handlebar position, a more comfortable seat and a front paint-matched fender.
- Colors
- Rebel 500: Matte Black Metallic
- Rebel 500 ABS: Matte Black Metallic; Pearl Beige
- Rebel 500 ABS SE: Pearl Blue
- MSRP
- Rebel 500: $6,499
- Rebel 500 ABS: $6,799
- Rebel 500 ABS SE: $6,999
- Available: April
- Info
2025 SCL500
Combining modern technology with timeless style, the SCL500 is inspired by Honda’s iconic scramblers of the ’60s, capturing the charm of those classic machines in a package that’s tailored toward modern riders and roads. Powered by the same 471cc parallel-twin engine from the proven Rebel 500, the SCL500 offers a balanced combination of power and fuel efficiency, suitable for both city commuting and weekend adventures. The lightweight frame, plush suspension and slipper clutch deliver comfort and performance, for maximum enjoyment.
- Color: Matte Black Metallic
- MSRP: $6,799
- Available: May
- Info
2025 CB650R
Developed to combine the performance of a sport bike and the style of a naked bike, Honda’s CB650R delivers performance, durability and practicality in an exciting package. With a 649cc engine, a high-quality Showa Separate Function Big Piston fork and high-tech Honda E-Clutch technology, this versatile middleweight machine lets riders feel confident while commuting through the city or winding through the canyons. The CB650R combines performance and practicality to create a riding experience that is perfect for a wide variety of rider types.
- Color: Pearl Smoky Gray
- MSRP: $9,399
- Available: April
- Info
2025 CBR650R
Combining the thrill of a middleweight sport motorcycle with the ease and convenience of Honda E-Clutch technology, Honda’s CBR650R delivers an exciting experience while offering the comfort and reliability for which Honda is known. The 649cc inline four-cylinder engine delivers strong, enjoyable power, while the E-Clutch lets the rider change gears with ease. With Honda Selectable Torque Control (HSTC), a Showa Separate Function Big Piston fork and a comfortable cockpit position, the CBR650R is a well-rounded motorcycle with an ideal balance of style, performance and everyday practicality—equally adept at ripping through the canyons and cruising through morning traffic.
- Color: Grand Prix Red
- MSRP: $9,899
- Available: April
- Info
2025 CRF300L
Versatile, reliable, approachable and fun, the CRF300L is one of the most popular dual-sport motorcycles on the market. Featuring a 286cc single-cylinder engine with a focus on balancing performance with ease of use and fuel efficiency, this machine is incredibly budget-friendly. Built to deliver a comfortable ride on the road and an adventure on the trails, the CRF300L features updated suspension for 2025, and it’s still available in two configurations—standard and the LS (low seat) version—both of which come with ABS.
- Colors
- CRF300L: Red
- CRF300LS: Swift Gray
- MSRP: $5,749
- Available: May
- Info
2025 CRF300L Rally
Adventure riding meets dual-sport in Honda’s budget-friendly, efficient CRF300L Rally. Based on the popular, reliable CRF300L, the Rally is an approachable, affordable means of experiencing adventure and, for the 2025 model year, it gets improved suspension settings. To maximize enjoyment on extended outings, there’s a large-capacity fuel tank, a tall windscreen and an extra-coverage fairing, but the CRF300L Rally is also a great option for around-town transportation.
- Color: Red
- MSRP: $6,499
- Available: May
- Info
2026 CBR600RR
A weapon on the track and a capable commuter, Honda’s CBR600RR is built for riders to test their limits without the fear of crossing them. Combining high-revving inline four-cylinder performance with highly responsive handling, this legendary sportbike can carve canyons and lower lap times. With a lightweight, compact middleweight package, the CBR600RR has an impeccable reputation as an enjoyable, stable ride for a variety of experience levels, and it’s available in ABS and non-ABS versions.
- Color: Deep Pearl Gray
- MSRP
- CBR600RR: $12,199
- CBR600RR ABS: $13,199
- Available: July
- Info
2026 CBR1000RR
A high-performance superbike with an impeccable pedigree, Honda’s CBR1000RR is built to make any commute feel like a track day. Combining impressive power and torque with agile, responsive handling, this iconic supersport machine was designed with racing in mind, offering an exhilarating riding experience with capable performance. Available in ABS and non-ABS versions, the CBR1000RR continues to be the industry standard for road-going superbike motorcycles.
- Color: Pearl White
- MSRP
- CBR1000RR: $16,999
- CBR1000RR ABS: $17,299
- Available: July
- Info
2026 Grom
Oozing personality, Honda’s Grom is built to maximize enjoyment, and as a bonus, it’s one of the most approachable motorcycles on the market in terms of both ease of use and affordability. Combining a low curb weight, a compact frame, and usable power, the Grom gives riders the tools needed for a fun ride. While it has developed a dedicated cult following of hardcore fans, the Grom is also a great option for the first-time buyer. Whether it’s for zipping through traffic on the commute, or enjoying a weekend outing, the Grom delivers an exhilarating experience in a small, yet highly capable package.
- Colors
- Grom: Candy Blue; Pearl White; Cherry Red
- Grom ABS: Pearl White
- Grom SP: Matte Black Metallic
- MSRP
- Grom: $3,599
- Grom ABS: $3,799
- Grom SP: $3,699
- Available: June
- Info
2025 PCX
Known for its sleek, stylish design, Honda’s 157cc PCX is designed to navigate the city with ease. With convenient features such as a spacious under-seat storage compartment, LED lighting and a USB-C socket, this popular scooter is as practical as they come. Dependable and fun without breaking the bank, the PCX is an appealing option for riders looking for a comfortable, enjoyable commute.
- Color: Pearl Gray
- MSRP: $4,249
- Available: May
- Info
2026 ADV160
Versatile, convenient and a delight to zoom around with, Honda’s ADV160 is a dynamic scooter at an affordable price. Compact and nimble enough to make riders feel confident while navigating traffic, yet powerful enough to make any commute a thrill, the ADV160 truly earns its adventurous moniker. Equipped with ample under-seat storage, an advanced digital instrument cluster and a USB charging port, the ADV160 combines the practicality of urban commuting with the excitement of a new experience on every ride, making it the ideal two-wheel companion.
- Color: Pearl Smoky Gray
- MSRP: $4,499
- Available: June
- Info
2026 Metropolitan
Cute and compact, Honda’s Metropolitan is the ideal scooter for navigating urban environments with ease. With its automatic transmission and efficient 49cc four-stroke engine, beginners can feel confident mastering the basics. Lightweight, comfortable, and with plenty of storage, the Metropolitan is built for convenient, stylish around-town transportation for riders of any skill level.
- Color: Denim Blue Metallic; Red
- MSRP: $2,649
- Available: June
- Info
