RACEWAY PARK PHOTOS – 8/21/22 – NJ STATE CHAMPIONSHIP

RACEWAY PARK PHOTOS – 8/21/22 – NJ STATE CHAMPIONSHIP

Lukaitis Photo was on hand for all of Sunday’s racing action at Raceway Park. A link to all of the images from the event can be found below.

Lukaitis Photo images from Raceway Park – NJ State Championship – 8/21/2022

As always the images are in alphabetical order by the rider’s “last name” with all holeshot pictures labeled as “start”.

All images on Lukaitis Photo are keyworded by the last name of each rider and have been since we began in 2005. By searching the site, you will be able to find all images ever taken under that keyword.

Images are available for purchase in print or digital forms for as low as $1.99 each. Please purchase the digital download if you are planning on using the image on your social media accounts. There are several print options available. Anything from a standard print to more art-worthy canvas and glass prints.

National Motocross Photos – Budd’s Creek

National Motocross Photos – Budd’s Creek

This year I covered the Budd’s Creek National for NJ Motocross and The Privateer’s Story. With that said, any privateers that need images from the gallery, please let me know, and I’d be happy to help.

As always, the images are in alphabetical order by the rider “last name” with all holeshot pictures labeled as “start” and several “track” photos of the tower and signs, including a couple of the final checkered flag of the weekend.

All images on Lukaitis Photo are keyworded by the rider’s last name and have been since we began in 2005. By searching the site, you will be able to find all images ever taken under that keyword.

Images are available for use in editorial or commercial use. They are not available for print purchase. Please contact me with any questions.

Check out all of the images at the following link-

Budd’s Creek National Motocross Images 2022

This Week in Powersports Business – The week of August 14, 2022

This Week in Powersports Business – The week of August 14, 2022

Here are a few stories that came across my desk that I think are relevant and interesting to the powersports business community.


1 – AUTOMATIC CLEARS VISION WITH NEW SCOTT USA DISTRIBUTION DEAL

Automatic Distributors is welcoming Scott USA as the latest addition to the Automatic brand portfolio. This new distribution agreement creates a new opportunity for Automatic to enhance its line of action-sports eyewear and grips, and it unlocks Scott’s expansive product catalog to Automatic’s vast coast-to-coast dealer network.

Beginning in 1958 as a ski pole manufacturer, Scott USA, the now iconic action-sports company, has grown in fame to become one of the most worn off-road goggle brands in the industry. It entered the motocross market in 1970 and has continued to build innovative, high-performance and quality products loved around the world. Every product emphasizes the company’s mission: “Innovate-Technology-Design,” and “No Shortcuts.”

“Scott is the pinnacle of combining innovation and technology to create some of the best sports products in the world. Our purpose at Automatic is focused on these same principles to enhance the dealer experience and increase their ability to serve powersports enthusiasts everywhere,” said Jeff Graham, Automatic Distributors president, about the new deal.

Automatic Distributors will offer Scott motosport products, with dealer orders now being accepted and product ready to ship. For more information on how to become an Automatic dealer, visit www.autodist.com. To learn more about Scott, visit www.scott-sports.com.


2 – NGK SPARK PLUGS TO CHANGE COMPANY NAMEFrom Motorcycle and Powersports News

NGK Spark Plugs (U.S.A.) Inc. announced that effective April 1, 2023, the company name will become Niterra North America, INC. The name change follows the strategy to unify the global brand NGK Spark Plug Co., LTD, which will begin operating under the English trade name Niterra Co., LTD next April. The Japanese language corporate name will not change. 

“As we prepare, create and lead our company into the future, we continue to grow and expand inside and outside the automotive business and other ICE [internal combustion engine] industries,” said Michael Schwab, president and CEO. “We are becoming an increasingly progressive corporation as we strive to meet our vision for the future. However, it became apparent several years ago that our global corporations’ name in English, although very well established, presented certain limitations, creating a narrow image of our identity to the outside world and not lending itself to evolution.” 

The new name, not specific to spark plugs, combines the Latin words niteo, “shine,” and terra, “planet earth,” reflecting the company’s future vision and already expanding portfolio of products and services. The company has been preparing and creating for the future for some time, most recently with the development of the Venture Lab, which contributes to society by developing solutions to customer pain points. In addition, the team identifies and curates new ideas in the areas of mobility, medical and utilities. 

The company will not change the brand of its products with this transition, stating the NGK and NTK brands will remain the trusted brands of their portfolio or products. However, other brands may be added in the future as they continue to evolve. 

“This is an exciting time for our company. We are expanding our core ceramic technologies and challenging ourselves to develop solutions and services that use technologies to resolve social issues while contributing to a sustainable society. We have a strong team with strategic, functional, and operational expertise that will allow us to maximize our growth potential for many years to come,” Schwab added.


3 – Polaris unleashes new RZR Pro R content seriesFrom Polaris

Chad “Ochocinco” Johnson, Rose Namajunas, Roy Jones Jr. & Chad Mendes Ride Shotgun for Extreme Joy Rides with Five-Time Off-Road Racing Champion RJ Anderson

MINNEAPOLIS, MN (August 16, 2021) – Polaris Off-Road, the leader in off-road vehicle innovation, today unleashed a thrilling content series, featuring four of the world’s toughest athletes, including four-time All-Pro wide-receiver Chad “Ochocinco” Johnson, five-time boxing champion Roy Jones Jr., two-time UFC strawweight champion “Thug” Rose Namajunas and veteran UFC fighter Chad “Money” Mendes. At the wheel, piloting a series of extreme joy rides in the Polaris RZR Pro R, is five-time Polaris UTV off-road racing champion RJ Anderson.

Showcasing in grand fashion just how thrilling off-roading can be, Sunday Strolls tests the courage of these four fearless athletes, each with little-to-no side-by-side experience, as they ride shotgun with Anderson while he pushes the limits of a near-stock RZR Pro R around the Los Angeles County Raceway Motocross (LACR) track in Southern California. With nearly a mile of track to work with, Anderson is in full “send” mode, backing his RZR Pro R into hairpin turns, flying through whoops, and grabbing tons of air* off the track’s multiple table-top jumps. With talent fully wired for audio, the Pro R outfitted with multiple GoPro cameras, and a total of nine cameras around the track, including hand-held cameras, drones, and a camera-equipped RZR XP 1000 – not a single “oh crap” moment was missed.

Sunday Strolls is what we live for – to introduce new people to side-by-sides and demonstrate exactly why so many riders around the country eat, sleep and breathe off-roading,” said Reid Wilson, Vice President, Polaris RZR. “This was an extremely fun series to bring to life, as we connected world-class athletes from various genres who all share a passion for living life at full speed. Our four guests walked away with an entirely new perspective on the thrilling experience that a RZR, and side-by-sides in general, have to offer.”

Debuting today on the Polaris RZR YouTube channel, the complete Sunday Strolls publishing schedule is as follows:

August 16: Chad Johnson

Chad Johnson, aka “Ochocinco,” is a retired pro football wide receiver and four-time All-Pro. Ochocinco was widely known for his outgoing personality, but highly respected as a fearless receiver always willing to cross the middle of the field, despite the wrath countless receivers faced from hard-hitting defensive players.

August 23: Rose Namajunas

Arguably the toughest MMA fighter in the women’s strawweight division, “Thug” Rose Namajunas is a two-time champion and current #1 contender. In 2017, as an underdog, Namajunas defeated the undefeated strawweight champion via knockout. In 2021, Namajunas re-earned the title and became the first female fighter to regain a championship belt.

August 30: Roy Jones Jr.

Roy Jones Jr. is a former professional boxer and five-time world champion. Currently a commentator for nationally televised boxing events, Jones Jr. is the only boxer in history to begin his career in the light middleweight division and go on to win a heavyweight title. His grit and determination earned him a silver medal as the youngest boxer on the 1988 men’s U.S. Summer Olympics team. He’s highly regarded as one of boxing’s greatest champions and true legends, willing to step into the ring with any competitor throughout his illustrious career. 

September 8: Chad Mendes

Most known as a fierce featherweight MMA fighter, Chad “Money” Mendes has competed in a variety of combat sports, including collegiate wrestling and bare-knuckle fighting. With a career MMA record of 18 wins and five losses, Mendes is a proven competitor with an unrivaled willingness and aggressive tenacity to step up to any fighter in the octagon. Mendes is also an avid outdoorsman who enjoys bow hunting and fishing.

With the launch of RZR Pro R, Polaris changed the game for high-performance, Wide Open side-by-sides. Featuring unrivaled power, strength and control, the Pro R packs the industry’s most powerful engine ever put into a stock side-by-side. The naturally aspirated ProStar Fury 2.0L, four-cylinder engine puts out a class-leading 225 horsepower. Its commanding 74-inch stance delivers rider confidence, while selectable ride and handling modes, and the industry’s most sophisticated suspension system, DYNAMIX DV, provides exceptional control and comfort.

To learn more about Polaris RZR and to stay up to date on testing and demo opportunities, visit RZR.Polaris.com or join the conversation and follow on Facebook®Instagram®YouTube® and Twitter®.

*Do not attempt. Professional driver. Closed course.

About Polaris

As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris’ high-quality product line-up includes the Polaris RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; Sportsman® all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle® mid-size and heavyweight motorcycles; Slingshot® moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. www.polaris.com


4 – Tucker Powersports to be highlighted on Viewpoints with Dennis Quaid From Powersports Business

Tucker Powersports will be featured this week in an episode of Viewpoints with Dennis Quaid. The dealership’s portfolio of E-Power products will be highlighted.  

Tucker is a noted distributor of products for motorcycles and utility vehicles (UTV’s), with thousands of dealers in the U.S. After launching a full lineup of electric-powered bicycles, scooters, skateboards and related gear in April of 2021, Tucker has become a leader in electric powered recreation and transportation.  

READ MORE HERE – https://powersportsbusiness.com/top-stories/2022/08/18/tucker-powersports-to-be-highlighted-on-viewpoints-with-dennis-quaid/


5 – Dorman Products to Acquire SuperATV, a Leading Supplier to the Powersports AftermarketFrom Dorman Products

Highlights:

  • Dorman Products to acquire SuperATV for $490 million in cash at closing, plus a two-year earn-out of up to $100 million in the aggregate based on achievement of 2023 and 2024 performance targets. Adjusted for estimated tax benefits, the transaction value before earn-out is approximately $445 million.
  • SuperATV provides Dorman with a new growth platform by adding a leading independent supplier of aftermarket parts and accessories to the powersports industry who has a track record of growth fueled by new product innovation.
  • The transaction is expected to be immediately accretive to margins and adjusted diluted earnings per share (“adjusted EPS”), excluding one-time charges and acquisition-related intangible assets amortization.
  • In connection with the transaction, Dorman expects to obtain a $500 million incremental credit facility under the terms of its existing credit agreement.

COLMAR, PA – August 18, 2022 – (Motor Sports NewsWire) – Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, today announced that it has entered into a definitive agreement to acquire Super ATV, LLC (“SuperATV”), for $490 million in cash at closing, plus an earn-out of up to $100 million in the aggregate payable over a two-year period subject to certain performance targets being achieved in 2023 and 2024. When adjusted for approximately $45 million present value of estimated tax benefits, the transaction value before earn-out is $445 million. The transaction is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close in the second half of 2022.

SuperATV is a leading independent supplier to the powersports aftermarket with a family of highly respected brands spanning functional accessories and upgrades, as well as replacement parts for specialty vehicles. SuperATV represents a unique opportunity to leverage Dorman’s “New to the Aftermarket” engine in a highly attractive and rapidly growing adjacent market, consistent with Dorman’s strategic priorities. SuperATV generated $211 million in net sales in fiscal 2021. Dorman expects the acquisition of SuperATV to be immediately accretive to margins and adjusted EPS, excluding one-time charges and acquisition-related intangible assets amortization. Additionally, Dorman anticipates significant opportunities to catalyze incremental growth via new product innovation through its “New to the Aftermarket” engine.

The combined company is expected to be a best-in-class powersports aftermarket platform with vertically integrated development, manufacturing and fulfillment capabilities. SuperATV’s omni-channel approach, which combines a leading direct-to-consumer platform and relationships across a network of 3,500+ dealers and installers, enables customers to have access to the products they need wherever and whenever they choose to shop. SuperATV’s recognized reputation for quality and innovation has cultivated a passionate and loyal customer base within the powersports community.

Kevin Olsen, Dorman’s President and Chief Executive Officer, commented:

“This combination aligns with our strategy to diversify our customer base and product offering by providing a compelling entry point to the large and rapidly growing powersports industry. Not only is SuperATV a leader in their space with an extensive portfolio of widely recognized brands and proprietary products, but they also have a highly successful approach to new product innovation that aligns closely with Dorman’s business model. As a result, we are confident we can leverage Dorman’s playbook to further accelerate growth. We are excited to welcome SuperATV to the Dorman family and are excited about the value the combined company will generate for our customers and shareholders.”

Lindsay Hunt, SuperATV’s President and Chief Executive Officer, commented:

“The combination of Dorman and SuperATV is extremely exciting. The resources and expertise that Dorman provides will allow us to accelerate our growth and expand to our fullest potential by delivering an even better experience and more products that our customers love. We look forward to becoming part of the Dorman family upon the successful completion of the transaction.”

In connection with the transaction, Dorman expects to obtain a $500 million incremental credit facility under the terms of its existing credit agreement, resulting in net leverage of less than 2.3x. The cash flow generation of the combined company is expected to provide Dorman with flexibility to continue executing on its strategic priorities. Until the transaction closes, both companies will operate independently.

An investor presentation containing additional information regarding the transaction is accessible on Dorman’s website at DormanProducts.com under “Investor Relations.”

About Dorman Products

Dorman gives repair professionals and vehicle owners greater freedom to fix cars and trucks. For over 100 years, we have been driving new solutions for the motor vehicle aftermarket, releasing tens of thousands of replacement products engineered to save time and money, and increase convenience and reliability.

Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of parts, covering light-, medium- and heavy-duty vehicles, from chassis to body, from underhood to undercar, and from hardware to complex electronics. See our full offering and learn more at DormanProducts.com.

About SuperATV

Founded in 2004, SuperATV employs highly skilled and industry expert men and women in all facets of design, manufacturing, sales and distribution. SuperATV’s leading family of proprietary brands includes Assassinator Tires, Assault Industries, Black Ops, EZ STEER, Gear Driven Performance, Intimidator Tires, Keller Performance Products, RackBoss, REV1, Rhino, SandCat, Terminator Tires, Warrior Tires, X300, and XR Optic. SuperATV is recognized in the powersports aftermarket for its high-quality suspension, steering, portal gear lifts, lighting, storage, vehicle protection, drivetrain, maintenance, accessories, and other product lines.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to net sales, diluted and adjusted diluted earnings per share, gross profit, gross margin, adjusted gross margin, indebtedness, liquidity, new product growth and the Company’s outlook. Words such as “believe,” “demonstrate,” “expect,” “estimate,” “forecast,” “anticipate,” “should,” “will” and “likely” and similar expressions identify forward-looking statements. However, the absence of these words does not mean the statements are not forward-looking. In addition, statements that are not historical should also be considered forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: the impacts of COVID-19; competition in and the evolution of the motor vehicle aftermarket industry; changes in our relationships with, or the loss of, any customers or suppliers; our ability to develop, market and sell new and existing products; our ability to anticipate and meet customer demand; our ability to purchase necessary materials from our suppliers and the impacts of any related logistics constraints; financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation; political and regulatory matters, such as changes in trade policy, the imposition of tariffs and climate regulation; our ability to protect our intellectual property and defend against any claims of infringement; and our ability to protect our information security systems and defend against cyberattacks. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. These risks, uncertainties and other factors also include, but are not limited to: (i) the proposed transaction may not be completed, or completed within the expected timeframe; (ii) costs relating to the proposed transaction may be greater than expected; (iii) the possibility that a governmental entity may prohibit, delay or refuse to grant a necessary regulatory approval in connection with the proposed transaction; (iv) anticipated tax benefits may not be achieved; (v) problems may arise in integrating the businesses of the two companies and the integration may not be successful; (vi) the combined companies may be unable to achieve any anticipated synergies or any benefits of the transaction may take longer to realize than expected; (vii) the businesses of one or both companies may suffer as a result of uncertainties surrounding the proposed transaction, including disruption of relationships with customers, employees, suppliers or dealers; (viii) the combined companies may not perform as expected following the closing; (ix) the failure to enter into an incremental $500 million credit facility or to repay any borrowings thereunder; and (x) other risks beyond the control of either party. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. For additional information concerning factors that could cause actual results to differ materially from the information contained in this press release, reference is made to the information in Part I, “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 25, 2021 and the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 25, 2022. The Company is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this press release, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate whether as a result of new information, future events or otherwise.


6 – Volcon Off-Road UTVs to be Powered by General Motors’ Electric Propulsion SystemsFrom Volcon

VOLCON INC. (NASDAQ: VLCN), (“VOLCON” OR THE “COMPANY”), THE FIRST ALL-ELECTRIC, OFF-ROAD POWERSPORTS COMPANY, ANNOUNCED TODAY THAT IT WILL POWER ALL OF ITS OFF-ROAD UTILITY TERRAIN VEHICLES (“UTV”) WITH GENERAL MOTORS’ (“GM”) PROVEN AND TESTED ELECTRIC PROPULSION SYSTEMS, INCLUDING THE COMPANY’S FLAGSHIP UTV, THE VOLCON STAG, WHICH WAS REVEALED TO THE PUBLIC ON JULY 1, 2022.

Austin, Texas USA, Aug. 12, 2022 (GLOBE NEWSWIRE) — AUSTIN, TX | August 12, 2022 | Volcon Inc. (NASDAQ: VLCN), (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today that it will power all of its off-road utility terrain vehicles (“UTV”) with General Motors’ (“GM”) proven and tested electric propulsion systems, including the Company’s flagship UTV, the Volcon Stag, which was revealed to the public on July 1, 2022. Future models, including future versions of the Stag, as well as the Company’s planned “Project X” vehicle, will be designed and developed to utilize GM’s electric propulsion systems. Volcon will be the first, and currently only off-road powersports company to offer their full line of vehicles with GM’s electric propulsion. 

In pursuit of a world with zero crashes, zero emissions and zero congestion, GM aspires to eliminate tailpipe emissions from its light-duty vehicles by 2035 on the way to carbon neutrality in its global products and operations by 2040. Volcon is dedicated to improving off-road vehicle performance and sustainability and this agreement will help bring the fun and strong performance of EVs to more people, faster. 

“General Motors has transformed from an automaker to a platform innovator, with scalable architectures designed to accelerate EV adoption across different industries and product types,” said Travis Hester, GM Vice President of EV Growth Operations. “Our work with Volcon is indicative of our plans and demonstrates the flexibility of the platform as well as potential applications well beyond traditional vehicles.”

Since inception, Volcon’s mission has been to electrify the off-road powersports industry by pioneering EV products that enable people to connect with the outdoors like never before.  Volcon vehicles allow for the adventurer to experience nature in its natural state by eliminating the noise and emissions that are commonplace with off-road vehicles today.  

Although the Volcon Stag hasn’t been kept a secret, Volcon recently began sharing more finalized details of the much-anticipated all-electric UTV, which will come to market in 2023. The Stag, which is expected to be the first of many trim levels available, is expected to be a category-leading, high-performance off-road vehicle. The Stag will feature new technologies which the Company believes will provide a unique and thrilling off-road experience that isn’t currently available in the market today. 

In addition to battery cell modules, the Stag will use a number of supporting components from GM.

The Stag will deliver a unique driving experience, combining performance and excitement that only an EV can provide, innovative connectivity and flexible utility that make the vehicle perfect for adventure and work. 

The GM propulsion system will provide instant high power and torque, with AWD capabilities, enabling the Stag to have exceptional acceleration and speed recovery in a variety of terrains. Variable driving modes will allow the driver to adjust the power delivery to optimize performance or range according to the needs, while the innovative cockpit will provide a class leading human-machine interface (HMI), including multiple displays, and the capability to generate content and connectivity via the Volcon App. All of which will increase the driver’s interaction with friends and community. 

“Bringing GM’s electric vehicle expertise and systems to the Stag will produce an off-road experience that could set the standard for the entire industry. Having access to immediate power and torque along with the customizable digital integrations that the Stag will offer, creates the perfect balance for a class leading UTV,” expressed Christian Okonsky, CTO of Volcon ePowersports. “Everyone at Volcon has worked so hard to bring the best possible UTV to market and our alignment with GM could not be a better fit for making this project become a reality. We save an enormous amount of R&D expense and gain years of drivetrain testing and validation by joining forces with GM. In essence, we significantly reduce our time and cost to get to market.”  

Volcon also continues to explore and develop racing opportunities with the Stag. Volcon Technology Innovation Group (VTIG) has invested substantial efforts toward developing a highly competitive off-road race UTV which is expected to raise the bar in off-road racing with the help of GM EV technology.  

To learn more about the Stag, visit: www.volcon.com/stag

About Volcon 

Volcon Inc. is the first all-electric, powersports company producing high-quality off-road vehicles. Based in Round Rock, Texas, Volcon joins many major electric vehicle manufacturers near Austin, Texas, an area that is poised to become the electric vehicle capital of the world. 

Volcon was founded with the mission to enhance the outdoor experience while reducing the industry’s environmental footprint so that adventurers and workers alike can enjoy the outdoors and preserve it for generations to come. Volcon produces all-electric, off-road vehicles that are designed to elevate the adventure experience and help people get things done at work and on the home front.

Volcon’s first product, the innovative Grunt, combines a fat tire physique with high-torque electric power and a near-silent drive train which started shipping in September of 2021. Future models include the Runt, which is a youth-sized version of the groundbreaking Grunt. The Stag and Project X will be Volcon’s venture into the rapidly expanding world of UTVs and coming in future years as the company continues to expand. 


7 – Oasis Outdoors- Powersports celebrates grand openingFrom Powersports Business

Co-owners Rodney Cabaness and Shad Zimbro recently celebrated the grand opening of Black Diamond Harley-Davidson’s newest powersports store, Oasis Outdoors- Powersports. The grand opening of the new business, located in Marion, Illinois, coincides with the 15-year anniversary of Black Diamond Harley-Davidson.

READ MORE HERE – https://powersportsbusiness.com/top-stories/2022/08/17/oasis-outdoors-powersports-celebrates-grand-opening/


8- UTI Completes Relocation of Motorcycle Mechanics Institute (MMI) to UTI-Avondale (Ariz.) – From UTI

PHOENIX – Aug. 10, 2022 – Universal Technical Institute (NYSE: UTI), a leading provider of transportation technician training, is pleased to announce the relocation of its Phoenix-based Motorcycle Mechanics Institute (MMI) to UTI’s Avondale, Ariz., location. The move consolidates all of UTI’s Arizona training programs at one location, reducing costs and furthering the company’s real estate optimization strategy. UTI purchased its Avondale campus and announced its intended consolidation of MMI-Phoenix at UTI-Avondale on December 29, 2020.

“The relocation of MMI Phoenix to our UTI-Avondale location brings all our Arizona-based training programs and services to a single state-of-the-industry facility. That’s better for students, better for instructors, and better for UTI’s bottom line, by allowing us to decrease fixed expenses while giving UTI the increased flexibility to support new programs and meet the evolving needs of our students and 35 brand partners,” said UTI Chief Executive Officer Jerome Grant.

“Advanced automotive manufacturing is helping power Arizona’s red-hot economy, highlighting the importance of advanced transportation technicians. By bringing its industry-leading Motorcycle Mechanics Institute to the Avondale campus, UTI is ensuring our state’s workforce can meet the needs of an industry that produces high-quality, well-paying jobs,” said CEO of the Arizona Commerce Authority, Sandra Watson.

Founded in 1973, MMI offers manufacturer-specific training from six leading brands, and offers an education in motorcycle mechanics, ATVs, side-by-sides, personal watercraft, snowmobiles and more. Students can complete MMI’s core Motorcycle Technician Training Program in just 42 weeks. The MMI facility comprises nearly 60,000 square feet, including 26 classrooms and labs. Brand partners include Harley-Davidson, Honda, Yamaha, Suzuki, Kawasaki and BMW.

“Phoenix Area Ride Now has employed MMI-trained technicians for the past several years,” said Phoenix Area RideNow Service Director Jim Carrozza. “The technicians we have employed have been well trained and passionate about the industry.”  

MMI’s offerings join a full suite of programs already available at UTI’s Avondale location, including automotive mechanic training, diesel mechanic training, and welding training. Manufacturer Specific Advanced Training (MSAT) offered at UTI-Avondale includes the BMW FastTrack, Ford FACT, GM Technician Career Training, Cummins Diesel Engines, Cummins Power Generation, Daimler Trucks Finish First, and Volvo Tekniker Apprentice programs.

About Universal Technical Institute, Inc.:

Founded in 1965 and headquartered in Phoenix, Universal Technical Institute’s (NYSE: UTI) mission is to serve our students, partners, and communities by providing quality education and support services for in-demand careers. Approximately 250,000 students have graduated from one of UTI’s 16 campuses located across Arizona, California, Florida, Illinois, Michigan, North Carolina, Pennsylvania, New Jersey, and Texas. UTI’s campuses are accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC), while its employer-aligned technical training programs are offered under four brands: Universal Technical Institute, Motorcycle Mechanics Institute / Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology. For more information and a complete list of all programs offered, please visit www.uti.edu or follow on LinkedIn @UniversalTechnicalInstitute and on Twitter @news_UTI.


9 – Parts Unlimited names regional sales rep

Parts Unlimited has announced Dakota Simmons as its newest sales rep for the Central region, covering Tennessee and North Carolina.

Parts Unlimited has announced Dakota Simmons as its newest sales rep for the central region, covering Tennessee and North Carolina.

Simmons’ industry experience includes parts and accessories sales and management at the dealer level as well as being a former AMA Pro Flat Track competitor. He also has a history of supermoto, motocross, trail-riding, SXS riding and ATV riding. In his spare time, he enjoys kayaking, boating, fishing, camping and scuba-diving. 


10 – David Piercy returns to American Landmaster as Director of Marketing and Creative

 American Landmaster brings back David Piercy full time as the Director of Marketing and Creative. David brings over 12 years of experience in marketing and design including strategies around: ecommerce, branding, digital advertising, social, sales funnels, and product launches. David previously worked for American Landmaster from 2017 – late of 2021 and left briefly to explore a new venture before returning back to American Landmaster in June 2022.

“There are few companies out there that give you full control of your department and let you take it to where your imagination leads you. American Landmaster does just that. We need to be able to react quickly to market conditions, opportunities, and challenges. There can’t be red tape, daunting meetings, or micromanagement. I love how American Landmaster believes in an emerging-ideas approach, a bottom-up tactic, that encourages the people to bring ideas to the executive team… not the other way (top-down only). I am excited to bring my experience and ideas back to the American Landmaster organization. This will be fun.” Says David Piercy.

American-Landmaster-David-Piercy

David received his Bachelors in Graphic Design from Indiana University, Bloomington. He also competed as an All-American NCAA DIV I diver for the university leading as team captain for two of the five years.

“David comes with a unique sense of creativity and passion that American Landmaster needs. You can give him a brief concept that he’ll dive into and bring to fruition quickly.” Says Jeff Bannister – President of American Landmaster. “I worked with David for several years to launch our new branding, product, advertising and other marketing efforts in the past. It can be hard to find a single person that can shift into so many different roles. David can shift quickly into different roles where the business needs the most attention. We have several new disruptive products that we’ll be bringing to the industry in the near future and we’ll need David’s creativity, personality and tenacity to help market them effectively. We’re glad to have him back.”  Concludes Jeff.

About American Landmaster:

ALM has been manufacturing UTVs and related recreational products for over 50 years. The company is an Indiana based company producing a full line of gas and lithium ion UTVs. ALM distributes through independent dealers throughout the U.S., delivering the very best combination of technology, performance and American made ingenuity.  For more information please visit www.americanlandmaster.com.

Media Contact David Piercy, dpiercy@americanlandmaster.com


11 –

This Week in Powersports Business – The week of August 7, 2022

This Week in Powersports Business – The week of August 7, 2022

Here are a few stories that came across my desk that I think are relevant and interesting to the powersports business community.


1 – American Road Group acquires four Harley-Davidson dealershipsFrom Powersports Business

American Road Group (ARG) announced today that it has purchased all four Ohio Motorcycle Group (OMG) dealerships, including Rock-n-Roll City Harley-Davidson (Cleveland), Adventure Harley-Davidson (Dover, Ohio), Rubber City Harley-Davidson (Cuyahoga Falls, Ohio) and Mad River Harley-Davidson (Sandusky, Ohio), from previous owners Mike and Franscene Davis.

READ THE ENTIRE POST HERE –https://powersportsbusiness.com/top-stories/2022/08/08/american-road-group-acquires-four-harley-davidson-dealerships/


2 – BRP PUSHES FORWARD WITH EV PLAN REVEALING ALL-ELECTRIC CAN-AM MOTORCYCLES AND ALL-NEW ELECTRIC SEA-DOO HYDROFOILFrom BRP Inc.

  • Can-Am reveals the Can-Am Origin, a dual-purpose motorcycle as capable off-road as it is on-road, and the Can-Am Pulse, the perfect motorcycle for rides in and out of the city.
  • Sea-Doo elevates the watersports industry with an all-new electric hydrofoil board, the Sea-Doo Rise. 
Can-Am


Can-Am unveils the first two models of its all-electric motorcycle lineup, the Can-Am Origin and Can-Am Pulse. ©BRP 2022

Valcourt, Quebec, Canada, August 7, 2022 – BRP Inc. (TSX:DOO; NASDAQ:DOOO) is proud to announce that, in addition to working on electrifying its existing product lines, it is seizing opportunities to enter new markets with game-changing electric products. Today, BRP unveils the first two models of its Can-Am all-electric motorcycle lineup, the Can-Am Origin and Can-Am Pulse. Building on its motorcycle legacy, BRP is changing the power dynamic and opening the road to a new generation of riders and electric vehicle enthusiasts. What’s more, BRP is announcing a completely new electric hydrofoil board bearing the Sea-Doo signature – the Sea-Doo Rise. All three products will be available in mid-2024.

“Today, our story of innovation reaches new heights with the reveal of market-shaping electric products that will enhance consumer experience on the road and on the water, ” said José Boisjoli, President and CEO of BRP. “Half a century ago, Can-Am roared to victory on the track and the trail, and today, a new legacy begins. With the Can-Am Origin and Can-Am Pulse, the first two models of our electric 2-wheel family, we are gearing up to reclaim our motorcycle heritage by crafting thrilling riding experiences for a whole new generation.”

Mr. Boisjoli added: “With the Sea-Doo Rise, BRP is leveraging its expertise to address an untapped market category and further position the company for future growth. We have set out to be the key actor in growing and democratizing the hydrofoiling watersport industry. In true BRP fashion, we designed a product that is easy to use and adaptable for all skill levels, making it accessible for all those seeking to rise above the water.”

Building on its Motorcycle Legacy
The Can-Am Origin is a tribute to Can-Am’s Track n’ Trail heritage. This dual-purpose model is designed to bring new exhilaration to both the street and the trail for a more modern multi-terrain experience. The Can-Am Pulse is a balanced and agile motorcycle designed to immerse riders in the energy of the city and transform their daily commute into an electric joyride. Both models feature stunning, modern design, built to showcase state-of-the art technology, like the high-performance LED headlamp, a unique visual signature. Both models are also easier to use and to ride, for novices and seasoned riders alike. Without any need for a standard clutch and transmission, riders can just twist the throttle and go. Consumers will also appreciate the near-silent and vibration-free experience, as well as the smooth and precise power delivery even in tight, low speed situations. 

While each model has its own distinct design, ergonomics and capabilities to satisfy different needs, both are powered by the all-new Rotax E-POWER technology, yielding highway-worthy speeds with plenty of horsepower and torque.

BRP plans on revealing full specs in August 2023, just in time to celebrate Can-Am’s 50th anniversary. In the meantime, consumers can join the community and be the first to know when the future of motorcycle riding is ready to hit the road by visiting canammotorcycle.com.   

Elevating the Watersports Industry

For over 50 years, Sea-Doo has been transforming the personal watercraft industry, and more recently, the pontoon category. Today, the iconic brand sets out to democratize hydrofoiling. Offering different experiences and providing a variety of surfing positions for all skill levels, this new electric hydrofoil board is perfect for the entire family and for those seeking to rise above the water and enjoy a more athletic Sea-Doo Life.

The Sea-Doo Rise is one of its kind, cleverly designed with innovative and dynamic features that transform the board as riders gain experience over time. Those who are new to hydrofoiling can choose to ride on the water without foiling, or to partially or fully deploy the wing when they are ready to foil above water. Very accessible, simple to use and easy to charge, the all-electric Sea-Doo Rise will provide peace of mind by minimizing worries and maximizing fun on the water!

Full specs are expected to be revealed in August 2023. To stay informed on Sea-Doo Rise news, visit the Sea-Doo website

Sea-Doo elevates the watersports industry with an all-new electric hydrofoil board, the Sea-Doo Rise.  ©BRP 2022

Caution concerning forward-looking statements
Certain information included in this release, including, but not limited to, statements relating to BRP’s intention to launch new product lines, to the dates of such products’ introductions on the market and availability of their respective specifications, to the effect they will have on consumers’ experience, to the impact they will have on BRP’s future growth, about the Company’s current and future business and strategic plans, and other statements that are not historical facts, are “forward-looking statements” within the meaning of Canadian and United States securities laws. Forward-looking statements are typically identified by the use of terminology such as “may”, “will”, “would”, “should”, “could”, “expects”, “forecasts”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “outlook”, “predicts”, “projects”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases. Forward looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. BRP cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of BRP to be materially different from the outlook or any future results or performance implied by such statements. Further details and descriptions of these and other factors are disclosed in BRP’s annual information form dated March 24, 2022.

About BRP
We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.

www.brp.com
@BRPNews


3 – Honda Reveals 2023 Pioneer 700 and Announces Returning FourTrax ATVs

ALPHARETTA, GA – August 8, 2022 –

2023 Honda Pioneer 700-4 Red_RF34
2023 Honda FourTrax Rincon Red
2023 Honda FourTrax Foreman Rubicon 4x4 DCT EPS_Olive
2023 Honda FourTrax Foreman 4x4_Red
2023 Rancher 4x4 EPS
  • Midsize multipurpose side-by-side features key updates
  • FourTrax ATVs set the bar for multipurpose ATVs

For the 2023 model year, American Honda today announced updates to the Pioneer 700 midsize multipurpose side-by-side, as well as the return of the popular FourTrax line of rec/utility ATVs. While each of these models has specialized applications, they all share Honda’s legendary reliability and offer unmatched versatility, from the ranch to the trail.

Known for its heavyweight capability on the worksite and lightweight handling on the trail, the Pioneer 700 builds on its strong reputation with key improvements for 2023. Its refinements are aimed at improving performance and comfort, increasing storage capacity and enhancing accessory integration. The Pioneer 700 is offered in three different trim levels, including a new-for-2023, top-of-the-line Forest version, which includes premium features and preinstalled accessories to enhance the recreation experience. Other trim levels are Deluxe and standard, and each of the three versions is available in both two- and four-person configurations.

Honda’s FourTrax line of rec/utility ATVs includes a wide range of models, each offered in a variety of trim levels and colors. The FourTrax Rincon returns for 2023, well-equipped for work or play with a powerful 675cc engine and long-travel suspension. Boasting independent rear suspension, the 518cc FourTrax Foreman Rubicon provides a smooth ride on the trail and superior traction for handling tough chores on the farm. Offering the same package, but using swingarm rear suspension, the FourTrax Foreman 4×4 excels when work calls, with impressive towing performance. And finally, the hardworking FourTrax Rancher is available in eight distinct trim levels, offering consumers the choice between features like Honda’s Dual Clutch Transmission, Electronic Shift Program, two- and four-wheel-drive and more.

Pioneer 700

From rolling up sleeves for tough jobs on the ranch, to weekend trail-ride adventures with family, the Pioneer 700 is as versatile and capable as they come. For 2023, Honda’s midsize rec/utility side-by-side is updated with new features that improve performance and comfort, increase storage capacity and enhance accessory integration. Offered in two- and four-seat configurations, as well as standard, Deluxe and Forest trim levels, the Pioneer 700 is now further specialized to best suit customers’ needs. Of course, it continues to offer the great features that have made it one of the most popular vehicles in its class, including a dump bed, refined handling and Honda’s legendary reliability.

  • Colors (MSRP)
    • Pioneer 700-4 Forest: Honda Phantom Camo® ($16,899)
    • Pioneer 700 Forest: Honda Phantom Camo ($15,399)
    • Pioneer 700-4 Deluxe: Red; Reactor Blue ($14,899)
    • Pioneer 700 Deluxe: Red; Reactor Blue ($13,399)
    • Pioneer 700-4: Olive; Black ($13,299)
    • Pioneer 700: Olive; Black ($11,799)
  • Info

FourTrax Rincon

Combining premium quality and comfort with workhorse dependability and function, the FourTrax Rincon features Honda’s largest ATV engine, an efficient and reliable 675cc single-cylinder powerplant. The Rincon is built for getting the job done, featuring a crankshaft that’s aligned with the vehicle’s direction of travel for a direct link to the rear axle, resulting in efficient power delivery. The smooth-operating, three-speed automatic transmission can also be shifted manually with Honda’s signature Electronic Shift Program (ESP), controlled by handlebar-mounted push buttons. Long-travel independent front and rear suspension delivers a smooth and comfortable ride, while durable bodywork and steel racks are ready for a hard day’s work, without compromising comfort or performance.

  • Color (MSRP): Red ($9,599)
  • Info

FourTrax Foreman Rubicon 4×4

When it comes to combining work and fun, there’s no multipurpose ATV that gets it done with the ease and comfort of the FourTrax Foreman Rubicon. Built around a tough 518cc engine that offers impressive torque and low- to midrange power, the Rubicon is ready to tow and haul for the toughest jobs, and also to tackle the trails. Its independent rear suspension provides superior comfort and traction, even over rough terrain. The Rubicon is available in four trim levels, including three with Honda’s advanced automatic Dual Clutch Transmission (the fourth has a manual transmission), and power steering comes standard on most. All versions benefit from the Rubicon’s class-leading performance and Honda’s renowned reliability. To make this workhorse even more functional and practical, the Rubicon is outfitted with a handy utility box and racks that are designed to accept a selection of Honda Pro-Connect™ accessories.

  • Colors (MSRP)
  • FourTrax Foreman Rubicon DCT EPS Deluxe: Honda Phantom Camo; Matte Blue Metallic ($10,399)
  • FourTrax Foreman Rubicon DCT EPS: Red; Black Forest Green ($9,899)
  • FourTrax Foreman Rubicon DCT: Red; Black Forest Green ($9,199)
  • FourTrax Foreman Rubicon EPS: Honda Phantom Camo ($9,799); Red ($9,299); Matte Forged Bronze ($9,799)
  • Info

FourTrax Foreman 4×4

Designed with a hard day’s work in mind, the FourTrax Foreman 4×4 defines the multipurpose ATV category with superior versatility and relentless performance. Equally capable for work or play, the Foreman is available in three trim levels—a standard version, another that adds Electric Power Steering and a third that is equipped with EPS and Electric Shifting. A powerful 518cc engine delivers impressive towing performance and strong acceleration thanks to its robust low-end and midrange power. The Foreman’s swingarm-style rear suspension is durable, easy to maintain and allows for comfortable towing with the swingarm-mounted hitch. Additional storage is available with the convenient rack system, which accepts optional modular Honda Pro-Connect accessories. The convenient, easy-to-access and -operate reverse gear makes getting chores done on the ranch easier than ever. The FourTrax Foreman 4×4 packs all these features into a durable, reliable package that owners can count on to get the job done day after day.

  • Colors (MSRP)
  • FourTrax Foreman 4×4 ES EPS: Honda Phantom Camo ($9,349); Harvest Beige ($8,849); Red ($8,849)
  • FourTrax Foreman 4×4 EPS: Honda Phantom Camo ($9,099), Red ($8,599), Black Forest Green ($8,599)
  • FourTrax Foreman 4×4: Honda Phantom Camo ($8,399), Red ($7,899), Black Forest Green ($7,899)
  • Info

FourTrax Rancher

Whether it’s riding flowy two-track with friends or clocking long days on the farm—or maybe a little bit of both—there’s a FourTrax Rancher that will suit the needs of every rider. Eight different trim levels allow customers to choose between Independent Rear Suspension or a swingarm-style rear end; between Honda’s advanced automatic Dual Clutch Transmission or Electric Shift Program; between 4WD or 2WD; between Electric Power Steering and manual steering; and more. To enhance utility, all versions are equipped with a front utility compartment and tough front and rear racks that are compatible with Honda’s Pro-Connect accessory range. Round it out with Honda’s legendary reliability and performance, and the result is a versatile rec/utility ATV that’s equally ready for work or play.

  • Colors (MSRP)
  • Rancher 4×4 DCT IRS EPS: Honda Phantom Camo ($9,199); Red ($8,699); Gray Resin ($8,699)
  • Rancher 4×4 DCT IRS: Red; Black Forest Green ($7,999)
  • Rancher 4×4 DCT EPS: Honda Phantom Camo ($8,699); Red ($8,199); Reactor Blue ($8,199)
  • Rancher 4×4 EPS: Honda Phantom Camo ($8,199); Red ($7,699); Black Forest Green ($7,699)
  • Rancher 4×4 ES: Honda Phantom Camo ($7,799); Red ($7,299); Black Forest Green ($7,299)
  • Rancher 4×4: Honda Phantom Camo ($7,499); Red ($6,999); Black Forest Green ($6,999)
  • Rancher ES: Red; Black Forest Green ($6,199)
  • Rancher: Red; Black Forest Green ($5,899)
  • Info

About American Honda

American Honda Motor Co., Inc., is the sole distributor of Honda motorcycles, scooters, ATVs and Side-by-Sides in the United States. American Honda’s Powersports Division conducts the sales, marketing and operational activities for these products through independent authorized Honda retail dealers. For more information on Honda products, go to powersports.honda.com.


4 – Honda Announces 2023 CRF Trail Family

  • he trail-bike line continues to deliver industry-leading performance and reliability
  • CRF50F and CRF110F available in Red and White color ways for 2023

American Honda confirmed the return of its CRF Trail family, the most popular line of trail motorcycles in the industry. From the full-size CRF250F, to the pint-size CRF50F, the four-model lineup is renowned for its on-trail performance, reliability and ease of maintenance.

The CRF Trail range of motorcycles suits riders of all sizes and abilities. The easy-to-ride CRF50F is the smallest in the lineup, built for the next generation of riders, with an automatic clutch, low seat height and reliable 49cc four-stroke engine. Thanks in part to its approachable nature, clean-running fuel injection system and push-button electric start, the CRF110F is the industry’s top-selling dirt bike. In addition to the iconic Honda red, the CRF50F and CRF110F are also available in new colors designed to appeal to a wider variety of young riders. Praised for its reliable performance—and available in two sizes—the CRF125F is the midpoint of the lineup, ideal for new and young riders thanks to its smooth, linear power. Also returning for 2023, the capable and versatile CRF250F inspires confidence on the trail, making it a great option for riders of all skill levels.

CRF50F

Built for the next generation of enthusiasts, the CRF50F is responsible for introducing countless young riders to the world of motorcycling. A reliable 49cc air-cooled four-stroke engine provides tractable power, while the shock and inverted fork deliver a comfortable, controlled ride. The CRF50F’s low seat height and automatic clutch allow new riders to focus on the basics. Parents and guardians appreciate its unparalleled reliability, easy maintenance and year-round off-road-legal status in all 50 states, making the CRF50F the best-selling 50cc trail bike in the powersports industry.

  • MSRP: $1,699
  • Color: Red; White
  • Estimated Availability: September (Red); October (White)
  • Info
2023 Honda CRF110F_White_RHP

CRF110F

The CRF110F is the industry’s top-selling dirt bike, thanks to its approachable nature, innovative features and outstanding reliability. It features an automatic clutch, low seat height and push-button electric start, allowing young riders to focus on the trail ahead. Equipped with a clean-running Keihin fuel injection system, the CRF110F is 50-state year-round off-road-legal and offers smooth, manageable power delivery. Building upon Honda’s reputation for reliable four-stroke trail machines, the CRF110F continues the tradition of dependability and minimal maintenance, which means more time to enjoy the trails with family and friends.

  • MSRP: $2,599
  • Color: Red; White
  • Estimated Availability: October
  • Info
2023 Honda CRF125F Big Wheel_Red_RHP

CRF125F

From wooded single-track to desert trails, the versatile CRF125F is well-equipped for all types of off-road riding. Available in both standard and Big Wheel configurations to accommodate a wide range of rider sizes, the CRF125F is 50-state off-road legal, providing year-round access to trails across the country. It’s easy to maintain, thanks in part to Keihin electronic fuel injection that delivers smooth, easy-to-use power for reliable traction in a variety of trail conditions. Inspired by the CRF Performance line, both versions of the CRF125F feature striking graphics and aggressive styling. As the midpoint of the CRF Trail lineup, this model is great for enjoying the ride with friends and family.

  • MSRP
    • CRF125F: $3,399
    • CRF125F Big Wheel: $3,799
  • Color: Red
  • Estimated Availability: August
  • Info
2023 Honda CRF250F_Red_RHP

CRF250F

The largest model in Honda’s CRF Trail family, the CRF250F pairs versatility and capability in a fun, trail-ready package—a perfect choice for those exploring the trail for the first time, as well as experienced riders who opt for more technical, challenging terrain. Equipped with clean-running Keihin electronically controlled fuel injection, the CRF250F delivers smooth power across a wide powerband, ensuring maximum traction on varied terrain. The confidence-inspiring Showa suspension smooths out rough sections of trail with a stable, compliant ride. With design and graphic influence from the industry-leading CRF Performance line, the CRF250F has sharp styling. As with Honda’s entire CRF Trail line, this model is year-round off-road-legal in all 50 states, leaving thousands of miles of trail waiting to be explored.

  • MSRP: $4,899
  • Color: Red
  • Estimated Availability: October
  • Info

About American Honda

American Honda Motor Co., Inc., is the sole distributor of Honda motorcycles, scooters, ATVs and Side-by-Sides in the United States. American Honda’s Powersports Division conducts the sales, marketing and operational activities for these products through independent authorized Honda retail dealers. For more information on Honda products, go to powersports.honda.com.


5 – National Powersport Auctions makes promotionFrom Powersports Business

National Powersport Auctions (NPA) has promoted Dustin (Dusty) Krepp as the new Eastern regional sales manager. In his new role, Krepp will continue to represent Pennsylvania dealers and the sales growth and leadership of the NPA eastern territory team.

Dusty Krepp

Powersports runs in his blood as he started riding at age four and still enjoys competing in hare scrambles with his brothers. Krepp started his career at his family’s powersport dealership as a kid, washing bikes and sweeping the parking lot. Through the years, he worked his way up to general manager. When his family sold their dealership, NPA was fortunate to have Krepp join the team as the Northeast Territory sales manager.

As a 25-year industry veteran, Krepp is ready to enter his new position.

“I look forward to working with our amazing team of Territory Sales Managers (TSMs) in the eastern region as we continue to grow our relationships with dealers and share the services NPA provides to help inventory needs,” Krepp said.

Krepp has been with NPA since 2011 and has done an exemplary job at managing and growing the Northeast. Originally his territory covered New England. Now from his Pennsylvania base, Krepp will work with the entire eastern region of Territory Sales Managers, which runs from the top of Maine to the tip of Florida and inland as far as Michigan down to Alabama.

“In his 11 years with NPA, Dusty has continuously shown integrity, passion, and dedication to his territory. With the growing NPA business and new Lakeland location, it came time for us to establish a regional sales manager position. We are excited to have Dusty in this new role as we continue to grow the region and the company,” said Mike Murray, Vice President of Sales.

The next NPA Philadelphia auction is Wednesday, Aug. 17, with the preview day on Aug. 16. Dealers can contact Dusty Krepp at dkrepp@npauctions.com or 716.353.3322.


6 – Suzuki and Tule Collaborate on Promotion of New Tule Vision AppFrom Suzuki Motor USA

220809 Suzuki and Tule Collaborate on Promotion of New Tule Vision App (678)

BREA, CA – August 9, 2022 – Suzuki Motor USA, LLC, a premium manufacturer of motorcycles, scooters, and ATVs is pleased to work with Tule Technologies Inc., an innovative agronomic technology company on the promotion of the new Tule Vision mobile app. This new iOS®i based mobile app combined with the durability, utility, and performance of Suzuki’s KingQuad ATVs provide the perfect tools for agricultural professionals to manage their water use in real time.

220809 Suzuki and Tule Collaborate on Promotion of New Tule Vision App (2)

Farmers love the Suzuki KingQuad ATVs for their rugged performance and proven reliability. The KingQuad is always there for farmers as they ride through each field every week, looking for signs of pests and plant disease. With the addition of a front-mounted iPhone®ii and Tule Vision, farmers can also monitor the thirstiness of their plants, providing more value from every pass a KingQuad makes through a field.

The Tule Vision app uses cutting-edge artificial intelligence to provide growers with plant thirstiness readings (known as “leaf water potential readings” in farming). This information is critical in managing water resources on a vineyard, as well as managing irrigation during periods of extreme drought currently being experienced in many agricultural regions across the United States.

220809 Suzuki and Tule Collaborate on Promotion of New Tule Vision App (3)

Suzuki KingQuad ATVs and the Tule Vision app provide an excellent combination of technology and performance for users to scout for water stress in a vineyard easily and effectively, saving grape growers time and money. Suzuki is proud to help agricultural businesses implement new sustainability-focused technologies like Tule Vision to minimize water waste.

“We are very excited to see vineyard workers manage their resources more efficiently using Suzuki KingQuad ATVs in conjunction with the Tule Vision app,” said Chase Rastegar, Suzuki’s Assistant Manager, National Sales and Dealer Development. “This kind of collaboration between Suzuki and high-tech firms like Tule Technologies demonstrates how both Suzuki and Tule products complement each other and allow crop growers to become more efficient in their water management.”

“Computer Vision is the future of field scouting. Farmers are using every tool available to reduce agrichemical inputs and conserve water,” said Tom Shapland, Tule’s CEO and Co-founder. “Equipping the best-in-class ATV for farms and ranches, the Suzuki KingQuad, with cameras and computer vision is the latest frontier in sustainability for production agriculture.”

Look for in-store Suzuki KingQuad/Tule Vision displays at select Suzuki dealerships, and at key farming and agricultural events in 2022.

220809 Suzuki and Tule Collaborate on Promotion of New Tule Vision App (4)

To learn more about the collaboration between Tule and Suzuki, head to SuzukiCycles.com/resources/tule-vision or to SuzukiCycles.com/utility-sport to learn more about the Suzuki KingQuad line-up of ATVs.

About Suzuki:

Suzuki Motor USA, LLC (SMO) distributes Motorcycles, ATVs, Scooters, Accessories, and ECSTAR Oils & Chemicals via an extensive dealer network throughout 49 states. Suzuki Motor Corporation (SMC), based in Hamamatsu, Japan, is a diversified worldwide manufacturer of Motorcycles, ATVs, Scooters, Automobiles, Outboard Motors, and related products. Founded in 1909 and incorporated in 1920, SMC has business relations with 201 countries/regions. For more information, visit www.suzuki.com.

About Tule:

Founded in 2014, Tule (pronounced “too-lee”) combines agronomic expertise with cutting-edge artificial intelligence to provide growers with irrigation decision support. Our UC Davis research-based sensor technology measures the Actual Evapotranspiration (ETa) of a field. Tule’s latest offering, Tule Vision, enables grape growers to take plant thirstiness readings using a smartphone camera.

iOS is a trademark or registered trademark of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries.
ii iPhone is a trademark of Apple Inc.


7 – Dealership group adds director of PA&A – Product DevelopmentFrom Powersports Business

Brian Shirley announced on LinkedIn that he is starting a new position as director of Parts Accessories and Apparel – Product Development at RumbleOn.

RumbleOn within the last year has acquired RideNow Powersports and Freedom Powersports.

Read the post here.


8 – MIC SYMPOSIUM: GLOBAL EXPANSION: A CONVERSATION WITH MARKET EXPANSION LEADERS

Thursday, Aug. 18, 10 a.m. PT
MIC Members: 
Free
General Admission: 
$50

Inspiring more people to ride is paramount for our industry. And it’s not just a challenge for the U.S.: the growth of powersports is an issue being addressed around the world. Together, we need to continue to grow the number of riders and do our part to keep them riding. In the next episode of the Motorcycle Industry Council’s Symposium Series, market expansion leaders from three countries will discuss strategies, their learnings and best practices.

Featuring:​

  • Bianca Kennedy, director of market expansion and events from Canada’s Motorcycle and Moped Industry Council (MMIC)​
  • Cinnamon Kernes, vice president of market expansion for the Motorcycle Industry Council​
  • Alexander Wolff, director of Germany’s INTERMOT

Register here now.


9 – Aftermarket parts company names new sales managerFrom Powersports Business

Quebec-based RMSTATOR has named Chris Capaldi as sales manager – Distribution. He will be responsible for developing relations with the company’s B2B distribution partners and promoting the RMSTATOR brand to the U.S. market.

Capaldi has 10 years of experience in the automotive/powersport industry for companies like Risk Racing and Ford Performance Racing School.

Chris Capaldi

“Chris’ interest in powersports and his strong relationship abilities is the perfect mix we were looking to continue our strong growth in the U.S. market, and we are eager to see him work his magic,” said Guillaume Robert, CPA, general manager at RMSTATOR.

Through his enthusiasm and determination, Capaldi will play a key role in aligning RMSTATOR’s offering to the U.S. market while improving the company’s presence to distributors.

“My understanding of the importance of reliability is giving me the drive to promote RMSTATOR products that will bring enthusiasts back on track for good,” Capaldi said.


10 – BRP TO ACQUIRE THE SHAWINIGAN OPERATIONS OF KONGSBERG INC., A LEADER IN ELECTRONIC AND MECHATRONIC COMPONENTSFrom BRP

Valcourt, Quebec, Canada, August 9, 2022 – BRP Inc. (TSX:DOO; NASDAQ:DOOO) announced today that it has entered into a definitive agreement with Kongsberg Automotive ASA and its subsidiary Kongsberg Inc. (henceforth referred to as KA) to acquire substantially all the assets related to its powersports business located in Shawinigan, Quebec (“KA Shawinigan”). As a leading player in electronic and mechatronic product development and manufacturing, KA Shawinigan is a long-standing supplier of BRP.

“Over the years, we have built a strong relationship based on trust and shared values with KA Shawinigan. We are very enthusiastic about this acquisition, which is in line with our future product strategy, particularly our electrification plan. It will enable us to gain further expertise in mechatronics and bolster our innovation capabilities. We look forward to welcoming over 300 highly trained and skilled employees who are already specialized in developing and manufacturing key components for many of the BRP product lines,” said José Boisjoli, President and Chief Executive Officer of BRP.

“KA and BRP have a long history of collaboration. KA components are an integral part of many BRP products, and, with this transaction, we are pleased to enable them to integrate this business. This transaction will provide KA with the net proceeds to explore new target markets, drive innovation and attract new business development opportunities. I look forward to the work that our Shawinigan colleagues do at BRP and wish them all the best,” said Joerg Buchheim, President & CEO of KA.

“Furthermore, by integrating the operations of KA Shawinigan, we expect to gain further agility in addressing supply chain challenges and to optimize our productivity,” added Mr. Boisjoli.

The anticipated acquisition is subject to customary closing conditions and is expected to be completed by the end of the third quarter of this fiscal year. BRP plans on providing ongoing employment to KA Shawinigan employees who are part of the acquisition and to continue the operations of this entity at its location in Shawinigan.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Certain information included in this release, including statements relating to the completion of the transaction with Kongsberg Automotive ASA and its subsidiary Kongsberg Inc. (henceforth referred to as KA) for the acquisition of substantially all the assets of KA Shawinigan, the anticipated benefits associated with the completion of this acquisition, the receipt of all requisite approvals to complete the acquisition, the closing date of the acquisition and the Company’s business and strategic plans, and other statements that are not historical facts, are “forward-looking statements” within the meaning of Canadian and United States securities laws. Forward-looking statements are typically identified by the use of terminology such as “may”, “will”, “would”, “should”, “could”, “expects”, “forecasts”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “outlook”, “predicts”, “projects”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases. Forward looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. BRP cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of BRP to be materially different from the outlook or any future results or performance implied by such statements. Further details and descriptions of these and other factors are disclosed in BRP’s annual information form dated March 24, 2022. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company has no intention and undertakes no obligation to update or revise any forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities regulations. In the event that the Company does update any forward-looking statements contained in this press release, no inference should be made that the Company will make additional updates with respect to that statement, related matters or any other forward-looking statement. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

 About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. We drive the global transition to sustainable mobility by putting engineering, sustainability, and innovation into practice. Our product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products. Find more information at: kongsbergautomotive.com

About BRP

We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.

www.brp.com

@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.


11 – Yamaha Launches 2023 Proven Off-Road ATV and Side-by-Side LineupFrom Yamaha Motor Corp

Yamaha Motor Corp., USA, unveils its 2023 model year lineup of Proven Off-Road ATV and Side-by-Side (SxS) vehicles. Designed, tested, and built to maximize capability, comfort, and confidence for every off-road enthusiast, from heavy-duty ranch work to adventurous expeditions across extreme terrain, only Yamaha meets and exceeds the standards customers demand.

Every Yamaha SxS and full-size ATV is built with pride and assembled in the USA at Yamaha’s state-of-the-art manufacturing facility in Newnan, Georgia, for worldwide distribution. The 2023 models include:

  • Recreational SxS Lineup: Wolverine RMAX2 1000, RMAX4 1000, X2, and X4
  • Pure Sport SxS Lineup: YXZ1000R SS and YXZ1000R
  • Utility SxS Lineup: Viking and Viking VI
  • Utility ATV Lineup: Grizzly, Kodiak 700, and Kodiak 450
  • Sport ATV Lineup: Raptor 700, Raptor 700R and YFZ450R
  • Youth ATV Lineup: Grizzly 90, Raptor 90, and YFZ50

“Customers know Yamaha will provide high-quality, top performing products to help accomplish their goals and realize their adventure, regardless if they’re working on the farm, exploring technical trails, or competing in national racing circuits,” said Steve Nessl, Yamaha’s motorsports marketing manager. “The measures we’ve taken to ensure they have the best owner experience – whether its seamless accessory integration, an industry-exclusive 10-Year Belt Warranty, or our advanced, U.S.-based manufacturing facility – showcases our commitment to building proven, reliable products for our Yamaha family around the world.”

2023 Recreational SxS Lineup

2023 Recreational SxS Lineup: Wolverine RMAX2 1000, RMAX4 1000, X2, and X4

The 2023 Wolverines are Yamaha’s most versatile vehicles with the perfect blend of sport and utility, ideal for any task from farming and hunting to exploring and overlanding. All Wolverine models are available in two configurations: a two-seat chassis paired with a hydraulic piston-assist dump bed, providing excellent utility on the ranch or on a hunt, while simultaneously allowing owners direct access to the engine for easy maintenance; and a four-seat chassis, with simple-to-stow full-size rear seats, giving users the option of additional cargo space, passenger capacity for up to four occupants, or a combination of the two.

The Wolverine RMAX 1000 is the ultimate off-road adventure machine capable of traversing a wide variety of terrain with the power of its advanced 999-cc twin-cylinder engine. Its premium chassis features a rugged, eye-catching exterior combined with a comfort-focused automotive interior designed for all-day driving with industry-exclusive soft touchpoints to reduce fatigue, and interior lighting and backlit switches for driving in low-light conditions. To meet the varying demands of drivers and terrain, Yamaha’s D-Mode optimizes the RMAX 1000’s full engine power, adjusting throttle response and engine braking to provide three distinct power-delivery options: Crawl, Trail, and Sport (prewired on R-Spec). Performance can be personalized even further with 3-way adjustable FOX® QS3 shocks (R-Spec and XT-R models) or three-position – Comfort, Medium, Firm – in-cab electronically adjustable Fox iQS shocks (LE models), all mounted to wide-arc A-arms for performance-tuned damping and maximum ground clearance.

The 2023 Wolverine X2 and X4 deliver superior handling, especially on tight, technical trails. Smooth, ultra-quiet power comes from an 847-cc twin-cylinder engine housed in a sporty, compact chassis. All Wolverine X2 and X4 models are equipped with 27-inch GBC® Dirt Commander radial tires with eight-ply rated construction for increased ground clearance, traction, and durability. Large 207mm vented disc brakes with two-piston calipers provide exceptional stopping power on all four wheels with excellent feel. Independent double-wishbone suspension with an anti-sway bar offers 8.7-inches of travel in the front of X2 and X4 models, and 9.3-inches of travel in the rear on the Wolverine X2. Exclusive to the Wolverine X4, the rear suspension includes innovative self-adjusting shock absorbers that automatically regulate to varying passenger weights and cargo loads.

All 2023 Wolverine models receive:

  • Yamaha’s extremely reliable Ultramatic continuously variable transmission (CVT), backed by an industry-exclusive 10-Year Belt Warranty.
  • Yamaha’s rugged On-Command drive system with 2WD, 4WD limited slip, and 4WD full-differential lock.
  • Yamaha’s exclusive torque- and speed-sensitive Electric Power Steering (EPS), providing light-effort steering, balanced feedback, and precise steering-character to further reduce vibration and driver fatigue.
  • Yamaha-exclusive Speed Management System, seamlessly limiting the vehicle’s top speed to 25 mph by simply turning a removable key, ideal for worksites and other specialized operating conditions (on select models).
  • Bright LED headlights, marker lights, and taillights (with class-exclusive reverse lights on RMAX 1000 models).
  • 2,000-pound towing capacity via a standard 2-inch hitch receiver.
  • 600-pound-rated bed capacity with easy-to-operate automotive-style tailgate.
  • Prewiring for Yamaha Adventure Pro, WARN® winch, and additional Yamaha Genuine Accessories (on non-equipped models).

All 2023 Wolverine R-Spec models are available in Cyan / Yamaha Black starting at $15,799 MSRP for the X2, $18,399 MSRP for the X4, $23,999 MSRP for the RMAX2 1000, and $26,399 MSRP for the RMAX4 1000. The Wolverine RMAX2 1000 Sport is available in Team Yamaha Blue starting at $25,899 MSRP and features highly adjustable, sport-tuned FOX 2.0 piggyback shocks with preload and high/low speed compression adjustability, 30-inch GBC Terra Master SQ 10-ply rated radial tires with an asymmetric design, and 14-inch cast aluminum beadlock wheels. All Wolverine XT-R models are available in Desert Tan / Tactical Black painted body work with color-matched interior and are equipped with a WARN VRX 45 winch and Yamaha Adventure Pro (prewired on X2/X4). The Wolverine X2 and X4 XT-R models start at $17,399 MSRP and are further enhanced with fully adjustable KYB® piggyback shocks (self-leveling rear on Wolverine X4). RMAX 1000 XT-R models start at $27,199 MSRP and include Maxxis® Carnivore tires on 14-inch aluminum beadlock wheels and a factory-installed SSV® audio system. The Wolverine RMAX 1000 Limited Edition (LE) models start at $27,699 MSRP and include Titan / Midnight Blue painted body work, color-matched interior, WARN VRX 45 winch, Yamaha Adventure Pro, plus FOX iQS shocks and higher-grade audio system with 2 additional speakers for rear passengers in the RMAX4 1000 LE.

2023 Pure-Sport SxS Lineup- YXZ1000R SS and YXZ1000R

2023 Pure-Sport SxS Lineup: YXZ1000R SS and YXZ1000R

The 2023 YXZ1000R models are the pinnacle of pure-sport, high-performance SxS vehicles, built to handle a wide variety of terrain – from open deserts and dunes to muddy trails and rough, rocky terrain. The YXZ is powered by Yamaha’s industry-first 998-cc triple-cylinder engine and a sequential five-speed manual transmission with either a clutch pedal and center-console shifter for the ultimate direct-connection experience in a SxS, or an auto-clutch with Yamaha’s Sport Shift (SS) technology, which allows drivers to seamlessly shift via aluminum paddles mounted on the steering column.

All 2023 YXZ1000R SS and YXZ1000R models receive:

  • Yamaha’s rugged On-Command drive system with 2WD, 4WD limited slip, and 4WD full-differential lock.
  • Yamaha’s exclusive torque- and speed-sensitive EPS, providing light-effort steering, balanced feedback, and precise steering-character to further reduce vibration and driver fatigue.
  • Compatibility with the Genuine Yamaha Technology Racing (GYTR) Turbo Kit, utilizing the renowned Garrett GT2554R turbo to meet Yamaha’s high standards of durability and reliability (available at ShopYamaha.com and Yamaha Dealers).
  • Four LED headlights adding to the aggressive appearance and a bright LED taillight for increased visibility.
  • A high-flow intake, exhaust, and oversized rear-mounted radiator for maximum airflow and engine cooling.
  • Fully adjustable FOX 2.5 Podium RC2 shocks with dual-spring-rate adjustable crossovers.
  • Non-XT-R models include 29-inch Maxxis Bighorn 8-ply rated radial tires.
  • All-wheel disc brakes with large 255mm rotors in the front and 245mm rotors in the rear for excellent braking power.
  • Prewiring for Yamaha Adventure Pro, WARN winch, and other Yamaha Genuine accessories (on non-equipped models).

The 2023 YXZ1000R SS and YXZ1000R are available in Yamaha Racing Blue starting at $21,899 MSRP. The 2023 YXZ1000R SS XT-R is available in Desert Tan / Tactical Black painted bodywork with a color-matched interior, plus a suntop, center-mount mirror, centerline pod light, enhanced underbody protection, Maxxis Carnage radial tires on true beadlock wheels, and a custom front grab bar with a heavy-duty WARN VRX 45 winch and integrated dashboard switch for $24,699 MSRP.

2023 Utility SxS Lineup: Viking and Viking VI

Yamaha’s Viking and Viking VI SxS vehicles are value-packed with Real World Tough durability. All Viking models are equipped with Yamaha’s durable, reliable, and proven 700-class engine. Combined with a comfortable ride in its class-leading cabin with room for three to six people, Vikings are the toughest and hardest-working utility-based SxS models.

All 2023 Viking and Viking VI vehicles receive:

  • Yamaha’s extremely reliable Ultramatic CVT, backed by an industry-exclusive 10-Year Belt Warranty.
  • Yamaha On-Command drive system with 2WD, 4WD limited slip, and 4WD full-differential lock.
  • Yamaha’s speed- and torque-sensitive EPS.
  • 1,500-pound towing capacity via the standard 2-inch hitch receiver and a 600-pound-rated bed capacity.
  • Hydraulic piston-assist dump bed with a rugged rubber cargo bed mat for added convenience and durability.

Both 2023 Viking models are available in Tactical Green with the 3-seat variation starting at $15,699 MSRP and Viking VI at $16,499 MSRP. 2023 Ranch Edition models are available in a Copper Metallic painted bodywork with a color-matched interior, under-seat storage, cast aluminum wheels, comfort-grip steering wheel, overfenders, center rearview mirror, rear grab bar, and distinct Ranch Edition badging starting at $16,399 MSRP.

Yamaha Grizzly

2023 Recreational and Utility ATV Lineup: Grizzly, Kodiak 700, and Kodiak 450

Yamaha’s 2023 Recreational and Utility ATVs offer the best of both worlds – capable of heavy-duty ranch or farm work when you need it, while providing endless fun and exploration on the trails when you want it. The 2023 Grizzly is the ultimate adventure ATV, delivering the ideal blend of big-bore power and performance for a smooth and powerful ride to conquer extreme off-road trails. The 2023 Kodiak 700 and Kodiak 450 combine Yamaha’s legendary durability and reliability with class-leading capability while delivering maximum value and work-ready performance in a compact, nimble chassis for tight and technical trails.

2023 Grizzly and Kodiak models receive:

  • Yamaha’s proven 700-class liquid-cooled SOHC 4-stroke engine on all Grizzly and Kodiak 700 models, with the Grizzly having a sportier engine character for recreational riding and the Kodiak 700’s skewed toward smooth operation and a milder initial power engagement.
  • 421-cc liquid-cooled SOHC 4-stroke engine on all Kodiak 450 models.
  • Ultra-reliable Ultramatic CVT transmission backed by an industry-exclusive Yamaha 10-Year Belt Warranty.
  • Yamaha On-Command drive system with 2WD, 4WD limited slip, and 4WD full-differential lock.
  • Yamaha industry-leading torque- and speed-sensitive EPS on all Grizzly and select Kodiak models.
  • Prewiring for the Yamaha Adventure Pro on all Grizzly ATVs.

The 2023 Yamaha Grizzly is available in Cyan / Yamaha Black starting at $11,399 MSRP and Realtree Edge at $11,799 MSRP. The Special Edition Grizzly features Titan / Midnight Blue painted body work with 27-inch Maxxis ‘Zilla tires, 14-inch aluminum wheels for $11,999 MSRP. The Grizzly XT-R Edition is available in Desert Tan / Tactical Black painted body work, a factory-installed WARN VRX 25 winch, and all Special Edition upgrades for $12,399 MSRP.

The Kodiak 450 and 700 are available in Tactical Green with optional EPS starting at $6,899 MSRP, or in Fall Beige / Realtree Edge with EPS starting at $8,199 MSRP. The Kodiak 450 is also available in Steel Blue starting at $6,899 MSRP or in a Special Edition package with EPS and a factory-installed WARN VRX 25 winch for $8,299 MSRP. A Special Edition Kodiak 700 is available in Tactical Black with EPS and a factory-installed WARN VRX 25 winch for $10,999 MSRP.

Yamaha YFZ450R

2023 Sport ATV Lineup: Raptor 700, Raptor 700R, and YFZ450R

Conquering dunes and trails with ease, the 2023 Raptor 700 lineup offers superior style, comfort, and performance. A potent and proven 700-class engine delivers enormous torque right off idle, transitioning into a potent mid-range and monstrous top-end. The Raptor 700 features an advanced, lightweight hybrid steel-aluminum frame with aluminum subframe and swingarm, creating a light, yet durable and rigid structure to provide the best power-to-weight ratio possible. Race-caliber suspension on the Raptor 700R models provides superior handling in all terrains.

The 2023 YFZ450R is the undisputed podium-topping ATV used by the world’s top racers, including multi-time, reigning Grand National Cross Country and ATV Motocross pro champions, Walker Fowler and Chad Wienen. The YFZ450R is the most technologically advanced sport ATV on the market, with its 449-cc fuel-injected engine and titanium five-valve cylinder head delivering torquey acceleration off idle, and abundant power throughout the mid- to top-end. A weldless, professional-caliber, lightweight aluminum frame with a tension-steel bottom allows the engine to sit lower for excellent mass-centralization. Suspension components and settings further reduce weight while providing light, yet precise handling. Comfort and convenience are also enhanced with an assist-and-slipper clutch, diminishing clutch lever effort for less fatigue, while also increasing clutch plate pressure and reducing engine braking for faster cornering, particularly while downshifting.

The 2023 Raptor 700 is available in Cyan / Yamaha Black starting at $9,399 MSRP. Suspension is upgraded on the Team Yamaha Blue Raptor 700R with high- and low-speed compression and rebound adjustability for $9,999 MSRP. Raptor 700R SE models are further enhanced with a GYTR front grab bar, GYTR footwells, and a unique color and graphic kit in either Gray Metallic Black or Yamaha Black for $10,599 MSRP. The 2023 YFZ450R is available in Team Yamaha Blue for $10,299 MSRP. Special Edition YFZ450R models feature an added GYTR front grab bar and unique color and graphic kits in metallic gray for $10,699 MSRP (the YFZ450R is not available in California).

Yamaha Youth ATV

2023 Youth ATV Lineup: Grizzly 90, Raptor 90, and YFZ50

The 2023 Grizzly 90 combines Yamaha’s namesake performance and versatility with a fun and confidence-inspiring 90-cc engine and CVT drivetrain for entry-level riders 10-years-old and up to develop their off-road abilities. The youth model offers several Grizzly DNA features including mud-protection fenders, trail-pointed comfort suspension, front and rear cargo racks, and Grizzly-tread tires. The 2023 Grizzly 90 is available in Armor Gray at $3,299 MSRP.

The 2023 Raptor 90 brings the world of sport ATVs to riders ages 10 and up. With sporty styling based on the top-selling Raptor 700R, this entry-level ATV brings Yamaha’s Proven Off-Road sport ATV performance, legacy, and quality to the entire family and next generation of budding motorsports enthusiasts. The 2023 Raptor 90 is available in either Team Yamaha Blue or White at $3,299 MSRP.

The 2023 YFZ50 introduces the fun and exciting world of sport ATVs to riders ages 6 and up. Inspired by the championship-winning YFZ450R, this youth ATV brings Yamaha’s Proven Off-Road performance and confidence to the next generation of growing motorsports enthusiasts. The 2023 YFZ50 is available in either Team Yamaha Blue or White at $2,299 MSRP.

2022 Yamaha XT-Reme Terrain Challenge: Dates Announced, Registration Opens Soon

The 2022 XT-Reme Terrain Challenge (XT-R Challenge) returns to the iconic Loretta Lynn Off-Road Ranch in Hurricane Mills, Tennessee September 30 – October 2. Yamaha is inviting owners of its Proven Off-Road Side-by-Sides and ATVs to bring friends and family out for another entertaining and fun three-day weekend celebration.

The XT-R Challenge features an off-road course with varying natural terrains and man-made obstacles specifically designed to put participants and their Proven Off-Road Yamaha Wolverine, YXZ1000R, or Grizzly vehicle to the test. This year, a 1,000cc class was created specifically for Wolverine RMAX 1000 and YXZ1000R owners, featuring all-new challenges and obstacles to highlight their unmatched power, performance, and off-road prowess. Riders, drivers, and spectators who attended previous XT-R events can expect to, once again, be thoroughly entertained with a new course and activities for the whole family, such as demo rides in the new 2023 Yamahas, music, games, giveaways, workshops, and more. Entries are limited. Further announcements, details, and information on the XT-R Challenge, including registration, will be announced shortly.

REALize Your Adventure and learn more about Yamaha’s 2023 Proven Off-Road line-up at YamahaOutdoors.com, or by visiting your local Yamaha dealer. Connect with Yamaha on social media via @YamahaOutdoors, tune in to the Yamaha Outdoors podcast on listening apps, or search the following hashtags on all platforms: #Yamaha #YamahaWolverine #RMAX1000 #RMAX2 #RMAX4 #RMAX2Sport #WolverineX2 #WolverineX4 #YXZ1000R #YamahaViking #VikingVI #YamahaGrizzly #Kodiak700 #Kodiak450 #Raptor700 #Raptor700R #YFZ450R #Grizzly90 #Raptor90 #YFZ50 #REALizeYourAdventure #ProvenOffRoad #AssembledInUSA #XTRChallenge

About Yamaha Motor Corporation, USA

Yamaha Motor Corporation, USA (YMUS), is a recognized leader in the outdoor recreation industry. The company’s ever-expanding product offerings include Motorcycles and Scooters, ATV and Side-by-Side vehicles, Snowmobiles, WaveRunner Personal Watercraft, Boats, Outboard Motors, Outdoor Power Equipment, Power Assist Bicycles, Golf Cars, Power Assist Wheelchair Systems, Surface Mount Technology (SMT) and Robotic Machines, Unmanned Helicopters, Accessories, Apparel, Yamalube products, and much more. YMUS products are sold through a nationwide network of distributors and dealers in the United States.

YMUS has a corporate office in California, two corporate offices in Georgia, facilities in Wisconsin and Alabama, and factory operations in Tennessee and Georgia. Additional U.S.-based subsidiaries include Yamaha Marine Systems Company (YMSC) with divisions Bennett Marine (Florida), Kracor Systems (Wisconsin) and Siren Marine, Inc. (Rhode Island), Skeeter Boats (Texas), with division G3 Boats (Missouri), and Yamaha Precision Propeller (Indiana).

SxS Vehicles are recommended for use only by licensed drivers 16 years and older.
ATVs over 90-cc are recommended for use only by riders 16 years and older.
The YFZ50 is recommended for use only by riders 6 years and older and always with adult supervision.
The Raptor 90 and Grizzly 90 are recommended for use by riders 10 years and older and always with adult supervision.


12 – Yamaha Announces New 2023 Off-Road YZ LineupFrom Yamaha Motor Corp

Yamaha Motor Corporation, USA, is excited to introduce the new 2023 lineup of advanced, industry-leading YZ off-road motorcycles. Conceived for competition and extensively developed through knowledge gained at the highest levels of professional motorsports, the 2023 lineup of Yamaha YZ Motocross and Cross Country machines offer cutting-edge performance along with a level of refinement and rideability that instills confidence in every rider. Highlights for 2023 include an all-new flagship YZ450F Motocross model, along with an all-new YZ125X and extensively updated YZ250X two-stroke Cross Country models.

Fresh off back-to-back professional Motocross and Supercross titles, Yamaha introduces an all-new YZ450F for 2023 designed to push capabilities even further. Building on the class-leading power delivery, suspension performance and usability of the previous model, the new YZ450F raises the bar with more power, less weight, a slimmer design and improved handling in an even more usable package. The new 2023 YZ125X offers a completely new, more powerful 125cc two-stroke engine, revised suspension damping, improved brakes, enhanced ergonomics and a sharp new look making it the perfect option for young enthusiasts looking to move up to a full-size competition-ready two-stroke cross country bike. For riders looking for big 250cc two-stroke power in the ultimate cross country racer, the new 2023 YZ250X is now better than ever with updated brakes, revised suspension, race-inspired ergonomics and aggressive new styling. Continuing across the entire 2023 range of Yamaha YZ models, a superior level of off-road performance and unmatched reliability remain a constant.

“What really stands out about the new YZ450F is just how light and balanced it feels when riding hard,” said Derek Brooks, Yamaha Motorsports Motorcycle Product Line Manager. “This new platform builds on the legendary YZ suspension and handling with an even more powerful, yet controllable engine character that will offer expert riders everything they need to compete and win at the highest level. At the same time its revised ergonomics and tuneability with the free engine mapping Power Tuner makes it easier to ride fast for all rider skill levels. I’m pumped to see it hit the tracks soon!”

Welcome to the victorYZone

Yamaha’s off-road competition bikes offer the very latest in technology with performance features designed to help racing enthusiasts reach their maximum potential, win races and stand on top of the podium.

2023 Yamaha YZ450F & Monster Energy Yamaha Racing Edition YZ450F

New 2023 Yamaha YZ450F & Monster Energy® Yamaha Racing Edition YZ450F:

For the new 2023 YZ450F, Yamaha engineers were tasked with improving on an already class-leading package. Traditional strong points of broad, torquey power, plush suspension and predictable handling had to be enhanced, but with a distinctly rider-centric focus for the new model with a five-pound weight reduction, increased control and improved ergonomics. The end result is a lighter, more compact engine that pumps out even more power, improved handling with greater agility while still maintaining excellent stability, and a significantly lighter, slimmer body with enhanced ergonomics for greater control.

Changes for the new YZ450F start with the engine. Completely redesigned for 2023, updates include new exhaust and intake port shapes, larger diameter titanium intake valves, new forged aluminum piston, new cylinder body, crankshaft and balancer assembly, and a switch from wet sump to dry sump lubrication. The combined effect of these features is more midrange and top-end power, including a 500 rpm higher rev limit for longer over-rev, and more linear output characteristics for increased rideability and control.

Helping lay that power down to the rear wheel, an all-new cable-actuated clutch design replaces the coil springs of the previous model with a new disc spring and integrates primary gear and basket into a single steel unit. The result is a more compact, lightweight and durable assembly which yields smoother engagement and excellent feel. Additionally, an all-new tri-shaft transmission layout vertically stacks the transmission shafts, raising the center shaft and forming a triangle between the crank, drive shaft and main shaft for a lighter, more compact transmission.

Providing riders with the opportunity to fine-tune engine performance to their liking, Yamaha’s industry-leading Power Tuner App has been extensively revised for 2023, retaining the full functionality of the previous version, but now even easier to use with more functionality. Engine mapping can now be made using an intuitive new slide bar. There is also a new lap timer, Traction and Launch Control tuning, and bike set-up guides. Additionally, a new lightweight handlebar-mounted switch allows on-the-fly selection of preloaded engine maps.

The all-new Traction Control System communicates wheel slip to the ECU, tuning the engine to maintain ideal rear wheel traction. Three levels can be selected: HIGH, LOW or OFF. The updated Launch Control System now features an rpm limiter which can be adjusted in 500 rpm increments between 6,000 rpm and 11,000 rpm for optimized launches when the gate drops. Both systems are controlled through the Yamaha Power Tuner App.

The next major update to the new 2023 YZ450F involves the completely redesigned aluminum bilateral beam frame.

Striking the perfect balance of precise cornering performance and handling stability, the new frame consists of more than 10 different aluminum components welded together. This provides the opportunity to carefully tune rigidity and flex characteristics of each component to ensure competition-level performance. The result is a better handling machine with lighter feel, improved bump absorption and increased traction, allowing the rider to enter corners with greater confidence and more line choices.

Improving on the YZ450F’s already category-defining suspension performance, new internal suspension valving works in combination with the new frame and body to provide exceptional bump absorption, increased traction and better cornering performance. High-spec fully adjustable Speed Sensitive System KYB® coil spring-type forks now feature a new hand-operated compression damping adjuster for simple, toolless adjustments, and the linkage-type rear suspension features a KYB® shock with damping characteristics to match the new chassis.

Finally, a new slimmer, flatter and more compact body design lends a much lighter, more precise riding feel. A completely redesigned air intake pathway, airbox and filter allow for a narrower fuel tank, significantly slimmer front shrouds and a lower airbox cover. Additionally, more seamless, rounded features including seat edges and side covers further ease rider movement for improved control. The rider triangle is also improved with increased legroom between the seat and footpegs, and revised handlebar position for a more natural posture and enhanced rider comfort.

Other top-spec details and convenient features include a push-button electric starter system with high-capacity ultra-light lithium-ion battery, 1-1/8-inch aluminum tapered handlebars, new compact PVC handlebar pad, new lightweight throttle cables, wide footpegs with new lightweight aluminum alloy brackets, a quick-adjust clutch perch and new chain guide all combine to ensure the new 2023 YZ450F continues to be the most complete, most well-balanced, most capable bike in the 450 class.

2023 YZ450F Features & Benefits

  • The ultimate open-class YZ, the new 2023 YZ450F takes the superior race-tested qualities of its predecessor and expands them in a lighter, faster, slimmer, sharper and more usable package designed to continue dominating the competition
  • Completely redesigned 450cc four-stroke engine is lighter, more compact and more powerful with an increased rev limit for longer over-rev
  • Overall weight savings of 5 pounds over previous model
  • Revised Yamaha Power Tuner App is even more user-friendly with intuitive new “Quick Setting” slide bar, Traction & Launch Control tuning, and additional new features
  • Two-mode adjustable engine mapping allows on-the-fly selection between two tuneable engine maps via new lightweight, handlebar-mounted push-button switchgear
  • New Traction Control System communicates wheel slip to the ECU to maintain ideal rear wheel traction with three selectable levels: HIGH, LOW or OFF
  • Updated Launch Control System now features adjustable rpm limiting for improved launches when the gate drops
  • More compact, lightweight cable-actuated clutch design replaces coil springs with a new disc spring for smoother engagement and excellent feel
  • New tri-shaft transmission layout shortens the engine from front to back for more optimized engine positioning
  • Redesign air intake path, airbox and filter allow for slimmer airbox cover and radiator shrouds
  • Ultra-compact 44mm Mikuni® throttle body ensures optimum fuel atomization while saving weight and improving mass-centralization
  • Completely redesigned lightweight aluminum bilateral frame carefully balances rigidity and flex characteristics for a lighter feel, improved bump absorption and increased traction
  • Slimmer, flatter and more compact body includes narrower fuel tank and front shrouds, and more seamless, rounded features for easier rider movement and improved control
  • Rider triangle is also improved with increased legroom and revised handlebar position for a more natural posture and enhanced comfort
  • Fully adjustable Speed Sensitive System KYB® coil spring-type fork and linkage-type KYB® rear shock offer best-in-class suspension performance with revised damping characteristics to match the new YZ450F’s chassis
  • Front fork now features a new hand-operated compression damping adjuster for simple, toolless adjustments
  • Large 270mm front brake rotor is coupled with a Nissin caliper and aggressive pad compounds to provide excellent braking performance
  • Rear brake feel is improved by reducing the rigidity of the brake hose providing a wider range of control at the pedal
  • Advanced computer-aided wheel design shaves weight without sacrificing durability, while rear wheel comes laced in a three-cross-spoke pattern for improved impact absorption and rider feel
  • Compact, lightweight push-button electric start provides effortless restarts
  • Lightweight aluminum tapered handlebar
  • Rubber-mounted four-position adjustable handlebar mounts reduce vibration
  • Premium Yamaha Blue and dark blue graphics scheme is embedded to provide excellent durability and scratch resistance
  • Race-developed Dunlop® Geomax MX33 tires

The new 2023 YZ450F will be available from dealers this November in Team Yamaha Blue for $9,899 MSRP. The new 2023 Monster Energy® Yamaha Racing Edition YZ450F will be available from dealers this October for $10,099 MSRP.

2023 Yamaha YZ125X

New 2023 Yamaha YZ125X:

Introduced in 2020, the YZ125X was conceived to bolster Yamaha’s Cross Country lineup while offering passionate two-stroke enthusiasts a dedicated enduro racer. In the first major update for the model, the all-new 2023 YZ125X reflects many of the extensive changes recently rolled out for the current competition-ready YZ125 motocross model, ensuring a high level of performance, but also incorporates a number of additional key modifications aimed specifically at boosting capability for rigorous, long distance, multi-terrain cross country racing. The result is a powerful, featherweight class-leading two-stroke woods racer that represents the ideal step up for young enthusiasts looking to enter into cross country competition or for seasoned riders, a supremely capable, lightweight and reliable two-stroke.

It all starts with a more powerful liquid-cooled 125cc two-stroke engine. Every functional part of the engine is new, including the cylinder, cylinder head, piston, piston pin, connecting rod, crankcase and expansion chamber all adding up to increased power. To enhance the YZ125X’s performance in varied terrain and over long race distances, features including Yamaha Power Valve System (YPVS) characteristics, exhaust timing and compression ratio have been optimized to improve ease-of-use in the low- to mid-rpm range. Further enhancing fueling and power delivery, a new high-precision Hitachi Astemo® Keihin PWK38S carburetor with throttle position sensor and 3D-map-controlled CDI unit provide clean, crisp throttle response. A new intake design with VForce4 carbon reed valve and a straighter intake path result in an improved feeling of power in the high rpm range.

To match increased engine performance, an updated braking system features larger front pistons, more rigid caliper, and a redesigned 270mm front rotor with a 30% increase in pad contact area, all combining to provide exceptional braking power and feel. A redesigned rear rotor maintains the same braking power while dropping outer diameter from 245mm to 240mm, reducing unsprung weight without compromising performance.

Taking the YZ125X’s category-defining suspension and handling characteristics to a new level, front and rear suspension damping has been revised to further improve bump absorption and cornering performance. Best-in-class KYB® suspension includes a fully adjustable Speed Sensitive System 48mm inverted front fork, now with new internals for more precise damping. Revised fully adjustable KYB® rear shock features reduced-friction Kashima Coat™ internals, separate adjusters for high- and low-speed compression damping and a full lock oil rebound system for increased comfort. Additionally, front and rear settings are fine-tuned to handle the types of demanding and varied environments commonly encountered in cross country competition.

To increase rider confidence in challenging conditions, a new flatter seat and more narrow fuel tank design, along with smoothly integrated body panels and slimmer radiator shroud width all combine to enhance freedom of movement forward and back, allowing the rider to easily shift body weight for increased control. Emphasizing its YZ racing pedigree, new front and rear fender design, bold Yamaha Blue and dark blue colorway, and premium embedded graphics provide a sharp, aggressive new look with excellent durability and scratch resistance.

Additional features on the 2023 YZ125X include premium lightweight blue Excel® rims wrapped in high performance Dunlop® Geomax MX33 tires, along with cross country oriented 18-inch rear wheel, larger rear sprocket, standard aluminum side stand, reserve fuel petcock, sealed O-ring chain, and a newly adopted scraper between the fork’s dust and oil seal for improved reliability in rugged conditions. Together, it all adds up to the perfect GNCC® racer straight out of the box.

2023 YZ125X Features & Benefits

  • Redesigned liquid-cooled Yamaha Power Valve System (YPVS)-equipped 125cc two-stroke engine boasts more power in the mid- to high-range with cross country-specific tuning to enhance low- to midrange performance
  • New high-precision Hitachi Astemo® Keihin PWK38S carburetor features throttle position sensor and 3D-map-controlled CDI unit resulting in crisp throttle response and superior rideability
  • New straight intake design with VForce4 carbon reed valve improves power output and controllability in the low- to midrange
  • New shorter, lighter muffler
  • High performance brake setup features more rigid front caliper, larger front pistons and redesigned rotors with increased pad contact area up front for exceptional stopping power and feel
  • Improved rider ergonomics are more narrow with a flatter seat and slimmer radiator shrouds offering greater freedom of movement
  • Fully adjustable Speed Sensitive System KYB® inverted front fork with new internals for more precise damping, and a new scraper between the dust and oil seal for improved reliability
  • Revised fully adjustable KYB® rear shock features reduced-friction Kashima Coat™ internals
  • Front and rear suspension settings optimized for enhanced cross country performance
  • Race-proven, forged aluminum semi-double cradle frame
  • Removable lightweight aluminum rear subframe constructed of square-section tubing
  • Lightweight finely tuned chassis for nimble handling, more control and less rider fatigue
  • Revised six-speed, close-ratio transmission has wider transmission gear tooth width and new, optimized gear ratios for maximum performance
  • New lightweight rear sprocket design
  • Sealed O-ring chain
  • High-capacity radiator with dark louvers deliver maximum cooling and aggressive looks
  • Lightweight aluminum handlebar with two-position adjustable handlebar clamp
  • Adjustable clutch lever with works-style cable adjuster
  • New premium graphics are now embedded for improved durability and scratch resistance
  • Premium lightweight Excel® rims
  • Race-developed Dunlop® Geomax MX33 tires

The all-new 2023 YZ125X will be available from dealers this September in Team Yamaha Blue for $7,099 MSRP.

2023 Yamaha YZ250X

New 2023 Yamaha YZ250X:

At the top of Yamaha’s two-stroke Cross Country range, the light and powerful YZ250X provides two-stroke enthusiasts with the ultimate open-class XC racer. Already known for its strong acceleration, plush suspension, class-leading handling and rider-friendly character, significant updates for 2023 incorporate similar changes made to the Yamaha’s current YZ250 motocrosser to improve on key areas and provide an even more competitive, well-rounded package.

Rider ergonomics are more narrow and substantially improved through new, smoothly integrated body panels, slimmer shroud width and flatter seat. These changes allow greater freedom of movement front to back and easier weight transfer for improved control. Along with the slimmer, more aggressive bodywork, a new front and rear fender design and a sharp new graphics scheme highlight the race-focused YZ lineage. Premium graphics are now embedded to provide improved durability and scratch resistance. Additionally, updates to the seat and bodywork also enabled a new, straighter intake design, allowing a more efficient intake path to the engine for improved low- to midrange pulling power.

The YZ250X’s class-leading suspension performance improves with revised front and rear damping characteristics to enhance bump absorption and cornering agility. Fully adjustable Speed Sensitive System KYB® 48mm inverted front fork receives new internals and newly adopted scraper between the dust and oil seal for improved reliability, while the revised fully adjustable KYB® rear shock features reduced-friction Kashima Coat™ internals. Settings are specifically tuned to meet the harsh demands of cross country competition.

A revamped high performance brake setup provides exceptional braking power and feel with a more rigid front caliper, larger front pistons and redesigned 270mm front rotor that increases pad contact area. A redesigned rear rotor drops the outer diameter from 245mm to 240mm, reducing unsprung weight with no compromise on performance.

The 2023 YZ250X uses the same fast and fun liquid-cooled YPVS-equipped 249cc two-stroke powerplant as its YZ250 brethren, but with YPVS characteristics, exhaust timing and compression ratio optimized to improve ease-of-use in the low- to mid-rpm range for improved cross country performance. Additionally, clutch durability is enhanced through a new friction material with excellent heat resistance characteristics ideal for long distance racing, without compromising on smooth operation.

Finally, premium lightweight Excel® wheels combine with high performance Dunlop® Geomax MX33 tires, cross country oriented 18-inch rear wheel size, wide-ratio gearing, standard aluminum side stand, sealed O-ring chain and a reserve fuel petcock to complete the ideal high performance two-stroke XC competition machine.

2023 YZ250X Features & Benefits

  • Improved rider ergonomics are more narrow with a flatter seat and slimmer radiator shrouds offering greater freedom of movement
  • Advanced liquid-cooled YPVS-equipped 249cc two-stroke engine is lightweight, compact and fun, with a wide, tractable powerband
  • New straight intake design improves low- to midrange pulling power
  • Advanced Hitachi Astemo® Keihin PWK38S carburetor with power jet and throttle position sensor provides crisp throttle response
  • High performance brake setup features larger front pistons, more rigid caliper and redesigned rotors with increased pad contact area for exceptional stopping power and feel
  • Fully adjustable KYB® fork features the Speed-Sensitive System for precise handling and superb impact absorption, and includes a newly adopted scraper between the dust and oil seal for improved reliability
  • Revised fully adjustable KYB® rear shock features reduced-friction Kashima Coat™ internals
  • Front and rear suspension settings optimized for enhanced cross country performance
  • Race-proven, highly developed forged aluminum semi-double cradle frame
  • Removable aluminum rear subframe constructed of square-section tubing for reduced weight
  • Finely tuned lightweight chassis and advanced suspension endow the YZ250X with class-leading handling
  • Smooth-shifting, five-speed transmission ensures confident gear changes in all conditions
  • New clutch pressure plate material with excellent heat resistance characteristics ideal for extended cross-country competition
  • New lightweight rear sprocket design
  • Sealed O-ring chain
  • High-capacity radiator with blacked-out louvers deliver maximum cooling and aggressive looks
  • Compact exhaust expansion chamber for improved clearance and excellent exhaust efficiency
  • Lightweight aluminum handlebar with two-position adjustable handlebar clamp
  • Adjustable clutch lever with works-style cable adjuster
  • New premium graphics are now embedded for improved durability and scratch resistance
  • Premium lightweight Excel® rims
  • Race-developed Dunlop® Geomax MX33 tires

The new 2023 YZ250X will be available from dealers this August in Team Yamaha Blue for $7,999 MSRP.

2023 Yamaha Motocross and Cross Country Lineup

The remainder of Yamaha’s Motocross and Cross Country lineup, including the YZ65, YZ85, YZ85LW, YZ125, YZ125 Monster Energy® Yamaha Racing Edition, YZ250, YZ250 Monster Energy® Yamaha Racing Edition YZ250F, YZ250F Monster Energy® Yamaha Racing Edition, YZ250FX, YZ450FX, WR250F and WR450F all return unchanged for 2023.

Yamaha bLU cRU Off-Road Racing Contingency Program

All 2023 YZ models are eligible for Yamaha’s current bLU cRU Off-Road Racing Contingency Program, which features nearly $5 million for Yamaha bLU cRU riders competing in off-road motorcycle racing. YZ riders can earn contingency payouts via a bLU cRU debit card, receive a 10 percent rebate on GYTR parts and accessory purchases of up to $1,000, and receive an instant $45 credit on http://www.bLUcRUswag.com. The 2023 bLU cRU Off-Road Racing Contingency Program details will be announced soon.

For complete details on how to register for the bLU cRU Off-Road Racing Contingency Program, along with specific information on which racing series, events, and classes are included, visit the Off-Road Racing Contingency page on the Yamaha Motor Corporation, USA, website at:

https://www.yamahamotorsports.com/motocross/pages/yamaha-off-road-contingency-program.

Learn more about Yamaha’s complete motocross lineup at:

www.yamahamotorsports.com/motocross.

Learn more about Yamaha’s complete cross country lineup at:

https://www.yamahamotorsports.com/cross-country.

Find a range of Genuine Yamaha Accessories, apparel and more at:

https://www.shopyamaha.com.

For more information related to all Yamaha products, visit:

https://www.yamahamotorsports.com.

Follow Yamaha Motor Corporation, USA, through your favorite social media site:

#Yamaha #YamahaMotor #YamahaMotorUSA

www.facebook.com/yamahamotorusa

www.instagram.com/yamahamotorusa

www.twitter.com/yamahamotorusa

About Yamaha Motor Corporation, USA

Yamaha Motor Corporation, USA, (YMUS), is a recognized leader in the outdoor recreation industry. The company’s ever-expanding product offerings include Motorcycles and Scooters, ATV and Side-by-Side vehicles, Snowmobiles, WaveRunner Personal Watercraft, Boats, Outboard Motors, Outdoor Power Equipment, Power Assist Bicycles, Golf Cars, Power Assist Wheelchair Systems, Surface Mount Technology (SMT) and Robotic Machines, Unmanned Helicopters, Accessories, Apparel, Yamalube products, and much more. YMUS products are sold through a nationwide network of distributors and dealers in the United States.

YMUS has a corporate office in California, two corporate offices in Georgia, facilities in Wisconsin and Alabama, and factory operations in Tennessee and Georgia. Additional U.S.-based subsidiaries include Yamaha Marine Systems Company (YMSC) with divisions Bennett Marine (Florida), Kracor Systems (Wisconsin) and Siren Marine, Inc. (Rhode Island), Skeeter Boats (Texas), with division G3 Boats (Missouri), and Yamaha Precision Propeller (Indiana).

This Week in Powersports Business – The week of July 31, 2022

This Week in Powersports Business – The week of July 31, 2022

Here are a few stories that came across my desk that I think are relevant and interesting to the powersports business community.


1 – Erik Chase named New Territory Sales Manager for NPA Dallas facility

National Powersports Auctions, NPA, has announced the hiring of Territory Sales Manager for New Mexico, Southern Texas and Louisiana, Erik Chase. Donny Erickson, the previous sales manager for that territory, is not leaving NPA but transferring to another region and is happy to support Erik as the new man for the job.

National Powersports Auctions, NPA, has announced the hiring of Territory Sales Manager for New Mexico, Southern Texas and Louisiana, Erik Chase.

Chase has been riding motorcycles since he was eight years old. He started his powersports career at Central Texas Harley-Davidson in 2015. Over the last five years, Chase was a Pre-Owned Inventory Manager and Salesperson at a dealership in Austin, Texas, where he was responsible for consigning and buying units through NPA. Chase joins NPA with firsthand experience of the benefits NPA delivers.

Chase enjoyed the sales side of the industry and was ready to move up to NPA. “Having worked with NPA for four years, I knew it would be a great fit for my next career step. I’m looking forward to traveling, meeting new people and forging great relationships with different dealerships around the states,” Chase said.

Chase is a welcome addition to the NPA sales team and understands how beneficial the pre-owned market is to a business. “We are lucky to have Erik as part of our national sales team and look forward to the continued growth of the territory,” Mike Murray, Vice President of Sales said.

Dealers can reach Erik at echase@npauctions.com or 737.226.8031.


2 – HardDrive announces new V-Twin Sales Director Marty Norris

Marty Norris has been announced as the Director of V-Twin Sales, bringing 25 years of diverse experience within the V-Twin market to the HardDrive brand.

“In the past I have held positions as a Harley mechanic, shop foreman, service manager, shop owner, distributor rep and the Sales and Marketing manager at NAMZ Custom Cycle Products,” Norris said. “I look forward to putting my experience in the V-Twin field to work to continue to build the HardDrive product offering and team.”

Marty Norris has been announced as the Director of V-Twin Sales, bringing 25 years of diverse experience within the V-Twin market to the HardDrive brand.

“We are excited to have Marty back as our Director of V-Twin Sales here at HardDrive,” Kyle Gills, VP of Field Sales said. “Marty was a valued HardDrive team member in the past and we welcome him back with the additional knowledge and insight he has into the V-Twin Market. HardDrive is a large portion of our growth plan and Marty is the next step in that direction.”

Marty will lead HardDrive regional sales managers and representative force as the company continues to offer service, product and delivery through Western Power Sports and their HardDrive division.   


3 – Harley-Davidson Appoints Rafeh Masood to Board of DirectorsFrom Harley-Davidson, Inc.

Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE: HOG) announced today that its board of directors has appointed Rafeh Masood as a member of the board, effective immediately. Masood currently serves as Executive Vice President (EVP) and Chief Customer Officer at Bed Bath & Beyond Inc. (NASDAQ: BBBY).

“Rafeh joins with exceptional knowledge of digital and omnichannel strategy and operations, which are an important and integral part of our Hardwire strategy,” said Jochen Zeitz, Chairman, CEO and President, Harley-Davidson. “His expertise in all these areas will be most helpful as we focus on our consumer and their relationship with our brand and product, ensuring riders and non-riders alike can engage with Harley-Davidson as they choose.”

Masood joined Bed Bath & Beyond Inc. in May 2020 as EVP and Chief Digital Officer and was appointed to his current role in November 2021, where he oversees marketing, digital and customer experience. Masood previously served as Senior Vice President and Chief Digital Officer at BJ’s Wholesale Club Holdings, Inc. In this role, Masood was responsible for the company’s online and omnichannel business, including strategy, customer experience, and product development. Previously, Masood held leadership roles in customer innovation, technology, operations and procurement at DICK’s Sporting Goods, Sears and BAWAG Group.

“I am honored to join the Board of Directors of Harley-Davidson and help this legendary brand strengthen its relationships with consumers,” said Rafeh Masood. “Jochen and his team continue to bring exceptional vision and innovation to everything they do, and I look forward to working with my fellow Board members to further enhance Harley-Davidson’s reputation as the world’s most desirable motorcycle brand.”

Masood holds a B.S. in Information Systems and an MBA from DePaul University.

About Harley-Davidson

Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley- Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Since 1903, Harley-Davidson has defined motorcycle culture with an expanding range of leading-edge, distinctive and customizable motorcycles in addition to riding experiences and exceptional motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get Harley-Davidson riders on the road. Learn more at www.harley-davidson.com.


4 – Polaris Off-Road 2023 Lineup Highlighted by Rider-Inspired Updates, Dynamic New Trims & Industry-First Connected Vehicle FeaturesFrom Polaris

New RIDE COMMAND+ Enhances the Ownership Experience with Connected Vehicle Features,

 Provides Convenient Access to Vehicle’s Health and Location via Smartphone or Mobile Device

New GENERAL XP 1000 Sport Trim Opens the Door for More Riders to Get In & Experience Adventure;

A Host of Rider-Inspired Updates Allow Riders to Feel the Thrill & Get More Done

MINNEAPOLIS, MN (August 2, 2022) – Polaris Off-Road, the world leader in powersports and innovation, today announced its 2023 lineup, comprising a dynamic mix of rider-inspired vehicle updates, fresh new looks, and the expansion of RIDE COMMAND+ — a mobile-app that builds off its RIDE COMMAND technology to offer industry-first connected vehicle services.

“Over the last year, we’ve accelerated our pursuit to deliver the vehicles and performance our customers ask for. Whether it be the next-level performance capabilities of the RZR Turbo R and RZR Pro R, or the technologically advanced, all-electric RANGER XP Kinetic – we continuously raise the bar and set industry standards,” said Steve Menneto, President of Polaris Off-Road. “As the leader in off-road, we continue to innovate and evolve our lineup to serve a broad array of riders. The 2023 model year lineup is the latest example of our team’s ongoing commitment to answer the call from our riders.”

For thrill-seekers, the 2023 RZR lineup offers an updated color mix and fresh trim offerings, including a meaner, blacked-out take on the dune-dominating RZR Turbo R. For customers hungry for adventure, there’s the all-new GENERAL XP 1000 Sport—delivering strong, powerful trail performance at a great price. Already the ultimate machine for those wanting to get more done on the job, the RANGER XP 1000 Northstar Trail Boss Edition expands its capabilities with a host of work-enhancing new features. And for the ATV community, Sportsman models offer exciting new color options, along with new CV guards on specific models for added durability. 

Continuing its ongoing efforts to enhance the ownership experience, Polaris is significantly expanding its RIDE COMMAND service with the all-new RIDE COMMAND+. Building on RIDE COMMAND’s existing suite of industry-leading features, RIDE COMMAND+ helps riders stay connected to their vehicle through a robust, mobile-enabled service that provides a whole new level of vehicle information, security, and control. RIDE COMMAND+ is accessed through the Polaris app, RIDE COMMAND website, or the in-vehicle display system.

“Pushing forward with industry-first technologies has been a cornerstone of our success,” Menneto continued. “With RIDE COMMAND+, we’re unlocking a new wave of innovation for the off-road market that enables owners to manage and maximize their vehicle and riding experience through connected vehicle technology.”

From the latest technology to updates and enhancements that will appeal to a broad range of off-road riders, the Polaris Off-Road 2023 model year lineup includes:

RIDE COMMAND+

RIDE COMMAND+ features vehicle-to-cellular connectivity that allows riders to conveniently check on the current vehicle’s status, while its Vehicle Health feature will run issue diagnostic reports and monitor fuel/charge levels to confirm the vehicle’s readiness. The RIDE COMMAND+ Vehicle Locator will be an extremely beneficial feature for hunters, or anyone enjoying the outdoors, when having to leave their vehicle parked. The Vehicle Locator feature delivers a pinpoint location to the machine. RIDE COMMAND+ delivers enhanced mobile technology for riders to connect, drive and adventure.

Adding to an already-robust set of offerings, Polaris will continue to expand the RIDE COMMAND+ service with even more industry-leading features using Over the Air (OTA) updates. Coming later in 2022, RIDE COMMAND+ will offer its riders added security with Location and Bump Alerts. Bump Alert, a 24/7 monitoring feature, will send a notification any time the vehicle has been bumped or moved. If moved, the Vehicle Locator feature will provide its latest coordinates. In addition, Polaris will introduce Ride Tracking+, where riders can automatically track their rides using the vehicle’s GPS location without having to use their mobile phone’s data.  After the ride, riders will be able to generate a full report from the day’s ride, including time logged, miles traveled, waypoints and elevation changes. The report is a fun and helpful tool to not only relive the ride, but to plan future trips.

RIDE COMMAND+ will launch standard on all 2023 RANGER XP Kinetic models and all 2023 RANGER XP 1000 Northstar Trail Boss Edition models. The service is available as an accessory add-on for all trims in the following 2023 models: RANGER 1000, RANGER XP 1000, RANGER 570, Sportsman 570, Sportsman 450, Sportsman 850 and Sportsman XP 1000. Polaris plans to further roll out vehicle compatibility for RIDE COMMAND+.

Riders can access the new service via the Polaris mobile app, web, or the in-vehicle, seven-inch touchscreen display system. Riders will receive a 36-month trial of RIDE COMMAND+ when purchasing the stock models standard with the service. Riders adding RIDE COMMAND+ via accessory will receive a 12-month trial. At the conclusion of each trial period, riders can sign up and continue the service for $99/year.  

To activate RIDE COMMAND+, riders must download and login to the Polaris app and add the connected vehicle to their digital garage.

RANGER

RANGER continues to set the bar high with several rider-inspired upgrades across its 2023 lineup.

The 2023 RANGER XP 1000 NorthStar Trail Boss comes packed with new upgrades specifically designed to meet the demands of  hardworking riders. The NorthStar Trail Boss gets a new LED rear work light to illuminate the bed of the vehicle and make it easier to work in low-light conditions. A new 12V cargo box power port provides mobile power for seamless, convenient operation of sprayers. NorthStar Trail Boss also receives a new overhead switch panel so customers can add additional lighting and other accessory switches easier than ever before. Last, this model will come factory-installed with the new RIDE COMMAND+ technology. All other RANGER XP 1000 and 1000 customers can also purchase the new LED rear work light, 12V cargo box power, overhead switch panel as optional accessories.

The 2023 RANGER lineup receives additional upgrades so customers can work and play in total confidence. To improve performance in low-light conditions, RANGER installed LED headlights to all Premium trims, now including the RANGER SP 570 Premium, RANGER 1000 Premium, and RANGER XP 1000 Premium. Additionally, the RANGER SP 570 Premium, RANGER XP 1000 Premium, and RANGER XP 1000 NorthStar will come stock with a USB charging port in the dash so customers can stay connected and charge small electronic devices while on the go.

2023 RANGER Model Lineup:

  • RANGER XP 1000 NorthStar Trail Boss: Starting at $32,399 ($39,099 CAN)
  • RANGER XP 1000 NorthStar: Starting at $27,899 ($33,499 CAN)
  • RANGER 1000 Premium: Starting at $17,899 ($21,599 CAN)
  • RANGER 1000 Premium CREW: Starting at $19,699 ($23,699 CAN)
  • RANGER XP 1000: Starting at $20,299 ($24,499 CAN)
  • RANGER XP 1000 CREW: Starting at $22,099 ($26,199 CAN)
  • RANGER SP 570: Starting at $11,699 ($14,799 CAN)
  • RANGER SP 570 CREW: Starting at $13,499 ($16,999 CAN)

The 2023 RANGER lineup will begin shipping to dealers this fall. To learn more about the 2023 RANGER family, please visit https://ranger.polaris.com/  or join the conversation and follow on Facebook®, Instagram®, YouTube® and Twitter®.

Accessories

For RANGER accessory news, Polaris is launching an all-new Prospector Pro 2.0 track system across all off-road brands. These new tracks are built with flexible sides and a slight curve toward the inside to allow stable handling, a more comfortable ride, precise steering for long-distance riding and long working hours.

Polaris partner Kolpin is also expanding its line of storage solutions to meet more riders’ needs in advance of the upcoming fall and hunt seasons.

RZR

The Polaris RZR lineup continues to push the limits and accelerate beyond the everyday with industry-leading technology, performance and design.

The high-performance, next-level strong RZR Turbo R will feature new black fenders and rockers, plus two new colorways. Whether you’re looking to make a statement on the trail or fly under the radar with a dark and menacing look, the RZR Turbo R can suit either desire as it’s now available in Orange Madness and Matte Onyx Black. The multi-terrain RZR Pro XP also features a rugged design to take on tough terrain, while still providing all-day comfort. In 2023, the RZR Pro XP Premium trim will now feature a PMX head unit by Rockford Fosgate to take your audio experience to the next level.

Full 2023 RZR Model Lineup:

  • Polaris RZR Pro R: Starting at $37,499 ($46,399 CAN), available in 2-seat and 4-seat
  • Polaris RZR Turbo R: Starting at $27,799 ($34,499 CAN), available in 2-seat and 4-seat
  • Polaris RZR Pro XP: Starting at $24,599 ($29,999 CAN), available in 2-seat and 4-seat
  • Polaris RZR XP 1000: Starting at $21,899 ($26,999 CAN), available in 2-seat and 4-seat
  • Polaris RZR Trail S: Starting at $17,899 ($21,399 CAN)
  • Polaris RZR Trail: Starting at $15,499 ($18,499 CAN)

The 2023 RZR Trail, RZR Trail S and RZR XP 1000 will begin shipping to dealers this fall, while the 2023 RZR Pro XP, RZR Turbo R and RZR Pro R will begin shipping this winter. Both the 2023 RZR Pro R and Turbo R models will be available for demos at Trail Hero and Camp RZR later this year. To learn more about the 2023 RZR family, please visit https://rzr.polaris.com/ or join the conversation and follow on Facebook®, Instagram®, YouTube® and Twitter®.

Accessories

Along with the 2023 RZR updates, Polaris is launching a variety of new accessories, including a refresh of the full Pro Armor lighting portfolio. This update brings stronger output, along with an improved design, to all single-row/dual-row light bars and cube spot lights, which have fitment across the four off-road brands. Additionally, some of the products have a new amber lens option, which helps light cut through dust and snow for greater visibility.

Two new Pro Armor wheels are launching for RZR, providing additional customization offerings for riders. These join new size options coming to a handful of existing tire styles.

Lastly, Polaris partner Pro Armor is expanding the lineup of grills and steering wheels, with multiple colors and trim levels to deliver next-level customization to side-by-side riders.

GENERAL

Designed and purpose-built as the ultimate machine for riders and their gear, the Polaris GENERAL is the perfect machine for adventurers seeking new destinations.

New in 2023, Polaris expands its lineup to include the GENERAL XP 1000 Sport, which will be available in both two- and four-seat models. As the entry-level model, this new Sport trim makes GENERAL XP 1000 even more accessible to riders, while still offering the same class-leading capabilities, comfort and style.

2023 GENERAL Model Lineup:

  • GENERAL XP 1000 Ultimate: Starting at $29,299 ($35,999 CAN), available in 2-seat and 4-seat
  • GENERAL XP 1000 Premium: Starting at $26,999 ($33,299 CAN), available in 2-seat and 4-seat
  • GENERAL XP 1000 Sport: Starting at $24,499 ($29,599 CAN), available in 2-seat and 4-seat
  • GENERAL 1000 Sport: Starting at $18,199 ($22,599 CAN), available in White Lightning with new eye catching graphics and a new hood, in 2-seat

The 2023 GENERAL lineup will begin shipping to dealers this fall. To learn more about the 2023 GENERAL family, please visit https://general.polaris.com/ or join the conversation and follow on Facebook®, Instagram®, YouTube® and Twitter®.

Sportsman

Polaris Sportsman, the long-standing No. 1 selling automatic 4×4 ATV, gets exciting new colors on the 450, 570 and 850 lineup for a fresh look and feel. Additionally, 2023 Sportsman 450 and 570 models include redesigned rear rack extenders – making the vehicle more versatile. The rack extender will help riders pack more cargo, while its convenient cargo tie-down anchor will secure items and keep them from sliding off while riding. Building on Sportsman’s legendary toughness, new CV guards were added on the Sportsman 570 EPS and Premium models for added durability and protection in rough terrain.

2023 Sportsman Model Lineup:

  • Sportsman 450: Starting at $6,999 ($8,499 CAN)
  • Sportsman 570: Starting at $7,999 ($9,299 CAN)
  • Sportsman 850: Starting at $10,699 ($12,799 CAN)
  • Sportsman 1000: Starting at $15,499 ($18,499 CAN)

The 2023 Sportsman lineup will begin shipping to dealers this fall. To learn more about the 2023 Sportsman family, please visit https://atv.polaris.com/ or join the conversation and follow on Facebook®, Instagram®, YouTube® and Twitter®.

Youth

With continued commitment to grow the off-road community, the Polaris ORV Youth lineup sets the standard for the next generation of riders. For 2023, Polaris expands its Outlaw 70 EFI lineup with an all-new Limited Edition (LE) trim option in Lime Squeeze, providing stand-out style while still offering class-leading capabilities and comforts in this kid-friendly ATV. The 2023 RANGER 150 EFI utility side-by-side comes equipped with new seat belt and shift boot covers, while also showcasing a new Avalanche Grey color. Parents can still expect the same top-of-the-line safety features in all Youth side-by-sides including helmet-aware technology, digital speed limiting and geofencing, while Youth ATV’s come with an adjustable speed limiter and safety tether.

2023 Youth Model Lineup:

  • Outlaw 70 EFI Limited Edition: Starting at $2,399 ($2,899 CAN)
  • Outlaw 70 EFI: Starting at $2,399 ($2,899 CAN)
  • Outlaw 110 EFI: Starting at $3,599 ($4,299 CAN)
  • Sportsman 110: Starting at $3,599 ($4,299 CAN)
  • Phoenix 200: Starting at $4,499 ($5,199 CAN)
  • RANGER 150 EFI: Starting at $6,299 ($7,299 CAN)
  • RZR 200 EFI: Starting at $6,799 ($7,799 CAN)

The 2023 Polaris Youth lineup will begin shipping to dealers this winter.

To learn more about the Polaris ORV 2023 lineup and to stay up to date on testing and demo opportunities, please visit https://offroad.polaris.com/ or join the conversation and follow on Facebook®, Instagram®, YouTube® and Twitter®.

About Polaris

As the global leader in powersports, Polaris Inc. (NYSE: PII) pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. Polaris’ high-quality product line-up includes the Polaris RANGER®, RZR® and Polaris GENERAL™ side-by-side off-road vehicles; Sportsman® all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle® mid-size and heavyweight motorcycles; Slingshot® moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. www.polaris.com


5 – Roland Sands Design launches V-twin parts brandFrom Powersports Business

Roland Sands Design has announced the release of the all-new SECTOR Performance Parts Product Line.

Designed, engineered, and manufactured in Long Beach, California, the SECTOR collection from Roland Sands Design is a highly detailed V-twin performance product line. A complete riser offering has been developed, with adjustability, gauge mounts and high-performance finishes tested for durability and long-term quality.

The products have been designed with the racetrack in mind, but also built for the street with the fit, finish and performance expected from RSD. Each product in the all-new collection has a unique design language that pushes the aesthetics of the machine. The all-new SECTOR product line will be launched in various phases starting with the Modular Riser System & Gauge Relocation Systems for HD touring Softail and Sportster fitments. Information about additional parts will drop soon.

“We are beyond stoked to get the SECTOR product to market, it’s been a long time coming,” Roland Sands, president and CEO of RSD said. “We are proud to offer an American made product for American made motorcycles. The SECTOR product line has been designed utilizing our experience on the racetrack and adapted for the street. RSD has a legacy of performance bike builds, racing and parts for V-Twin applications. This is a segment we helped pioneer as a brand and with SECTOR we’re putting the RSD brand at the top of the category.”


6 – ROHVA PROPOSES SAFETY ENHANCEMENTS TO SIDE-BY-SIDESFrom Motorcycle and Powersports News

The member companies of the Recreational Off-Highway Vehicle Association (ROHVA) put consumer safety first. Each company takes pride in producing high-quality, durable products. Each constantly seeks to innovate and improve vehicle safety. As part of these commitments, ROHVA works on the industry’s behalf to maintain voluntary industry-wide safety standards first published in 2011. Most recently, ROHVA has worked closely with the Consumer Product Safety Commission (CPSC) to address rare incidents involving fire and debris penetration hazards. ROHVA is now preparing a revised safety standard that includes new testing methods intended to reduce such risks. ROHVA has shared its detailed plans with CPSC. ROHVA is confident that the proposed revisions will adequately address the safety concerns raised by CPSC. Once the revised voluntary standard takes effect, it should eliminate any basis for CPSC to pursue formal rulemaking on these subjects. ROHVA is opposed to the proposed CPSC rulemaking for this and other reasons and will submit written comments in opposition to CPSC’s rulemaking notice.

ROHVA welcomes all interested parties and members of the public to submit comments concerning their use of and experience with ROVs and to express support for ROHVA’s voluntary standards. Detailed instructions for doing so are available in CPSC’s June 21 rulemaking notice at: https://www.federalregister.gov/public-inspection/2022-15355/safety-standard-for-debris-penetration-hazards.

CPSC expects to release a separate notice in the near future regarding fire hazards.


7 – Ducati deliveries, revenue, operating profit announced for the first half of 2022From Powersports Business

Despite ongoing supply and logistics challenges, Ducati has concluded exceptional results in the semester from January to June 2022. The company’s revenue grew by 5.4%, raising from 514 to 542 million euros. This is the highest figure ever recorded by the motorcycle manufacturer in the first six months of the year.

Operating profit also improved and marks a +14.8% increase, growing from 59 to 68 million euros compared with the same period in 2021.

The Bologna-based motorbike manufacturer delivered a total of 33,265 motorcycles to enthusiast customers, containing a loss in deliveries of – 3.6% compared to the same period in 2021 (34.515). This result was achieved due to great flexibility, constant dialogue with partners and the trade union, despite the difficulties related to the supply crisis.

“2021 was a record year for Ducati with the best result ever in terms of deliveries, revenues and operating profit,” Claudio Domenicali, CEI of Ducati said. “2022 is proving to be a more challenging year: despite strong demand from enthusiasts, as evidenced by the order portfolio which at the end of the first half is up +86% over the same period of 2021, the strong discontinuity in the world of logistics and supply remains. However, we managed to obtain satisfactory results considering the context in which we are operating, especially in terms of revenue, which is the best ever recorded in the first six months of the year. I would like to thank once again all the enthusiasts who continue to choose us, and I personally apologize to all those who had to or will have to wait longer than necessary to receive their bike.”

“The financial performance of Ducati in the first half of 2022 again shows a solid improvement of the company compared to the previous year,” Henning Jens, CFO of Ducati said. “Considering the unpredictable challenges in the supply chain, including significant raw material cost increases and parts shortages, this result proves the high resilience of our financial set up and the flexibility of our operations. With 542 million Euros revenue, we achieved a new record, driven by a very high demand from our customers. Also, based on fixed cost discipline and improved margins, we could even increase Operating Profit from 59 to 68 million euros by 14.8% versus the same period of 2021. Backed by a very solid liquidity position, we will continue our investments in a qualitative growth of Ducati with new attractive premium products.”

Italy is confirmed as the first market for Ducati with 6,028 motorcycles delivered, followed by North America with 5,239 units, Germany with 3,745 motorcycles and France with 2,647. The numbers are significant in China, which reaches +12% with 2,411 motorcycles delivered.

Since its launch in 2020, the Multistrada V4 has had growing success among enthusiasts. Overtime it has been able to live up to the expectations created, establishing itself as an ideal bike for any type of trip and taking a place among the most popular models in the Ducati range. Also, for the first half of 2022, the Multistrada V4 is the most delivered bike with 6,139 units. Next is the Monster, with 4,776 motorcycles delivered and the Scrambler Ducati 800 family with 3,999 motorcycles.

Thanks to its solid financial position, Ducati continues its ambitious development path that will lead the company to improve and grow further, also by means of entry into new market segments, always respecting its values of style, sophistication and performance. All investments for technological development and product and process innovation are self-financed.

The continuous improvement and expansion of the global sales network, with the aim of serving the community of Ducatisti around the world, are also an important part of the company’s growth path. Through the digitization of processes and omnichannel within its dealers, Ducati wants to guarantee its enthusiasts an unforgettable experience that reflects the company’s values. To date, the Ducati network has 797 dealerships in over 90 countries around the world, 21 of which have been opened in the first six months of 2022.


8 – Tyler Schwartzott wins Yamaha U.S. Technician Grand PrixFrom Powersports Business

Tyler Schwartzott won first place in the 2022 Yamaha U.S. Technician Grand Prix, held in Atlanta in June. Schwartzott will continue to compete at the World Technician Grand Prix competition in Japan in October.

READ THE ENTIRE POST HERE – https://powersportsbusiness.com/top-stories/2022/08/03/tyler-schwartzott-wins-yamaha-u-s-technician-grand-prix/


9 – THE FIRST BRP EXPERIENCE CENTER OPENS AT FAIRMONT LE CHÂTEAU MONTEBELLOFrom BRP

Valcourt, Quebec, Canada, July 27, 2022 – BRP (TSX: DOO) (NASDAQ: DOOO) is proud to announce the launch of the very firstBRP Experience Center in its home province of Quebec. The opening of the facility reflects BRP’s commitment to making powersports accessible to all. In partnership with Fairmont Le Château Montebello, the Center will provide adventure enthusiasts with the opportunity to explore uncharted waters, experience the exhilaration of off-roading and have fun in the snow. These unique experiences will leave everyone speechless. The Center is accessible not only to guests of Fairmont Le Château Montebello, but to all who wish to discover or reconnect with the natural beauty of the region.

“The launch of this first BRP Experience Center is part of a global strategy introduced in 2019 that aims to promote access to our products and allow more people to enjoy unique recreational experiences,” said Simon Cazelais, Director of Global Marketing Strategy, and Innovation at BRP. “The Montebello Center is our testing ground. It will allow us to interact directly with adventure enthusiasts to continuously refine our products and services. Ultimately, we hope to roll out this groundbreaking concept around the world by adding more breathtaking destinations!”

A year-round tourist attraction!

The experiences offered will be tailored to the seasons. Several watercraft and motorized vehicles await adventure enthusiasts at Fairmont Le Château Montebello, including Sea-Doo watercraft and the Sea-Doo Switch pontoon, as well as Can-Am off-road ATVs or side-by-side vehicles. The Can-Am on-road Ryker Sport and Can-Am Spyder F3 will then be added to the fleet, followed by Ski-Doo snowmobiles in the winter. Excursions for groups or individuals, for a few hours or a full day, allow you to discover the vast playground available at Fairmont Le Château Montebello. All excursions will be operated by B46 Adventures. In addition to their many years of experience in the wilderness adventure field, all B46 Adventures guides are AEQ certified and always put safety first.

Fairmont Le Château Montebello is a perfect partner for this new adventure thanks to its prime location that allows access to the majestic Ottawa River and amazon trails year-around. For over 90 years, Fairmont Le Château Montebello has been delivering an unrivaled resort experience to visitors. They will now have the added opportunity to discover the region through the BRP Experience Center. Imagine exploring the picturesque trails of the region in a Can-Am Commander XT in the morning and enjoying a beautiful Ottawa River sunset aboard the famous Sea-Doo Switch.

”We are proud to partner with BRP, a world-leader in powersports, thanks to the launch of the first BRP Experience Center at Fairmont Le Château Montebello. This new offering is in line with one of our core objectives to diversify the activities offered to our clients, and to showcase the Outaouais tourism industry,” said Steve Chang, General Manager at Fairmont Le Château Montebello.

BRP has also been offering adventure enthusiasts experiences through a worldwide network of BRP-certified outfitters for more than two years thanks to itsUncharted Society adventures program. With over 100 outfitters and 147 adventures available in the U.S., Canada and Australia, beginners and experts alike can experience powersports and have a truly life-changing adventure. Similar to the BRP Experience Center, this program is designed to provide access to powersports for all adventure enthusiasts, to take them out of their comfort zone and to venture into uncharted territory.

To learn more about the brand new and first BRP Experience Center, visitwww.experiencesbrp.com..

About BRP
We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.

www.brp.com
@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

About Fairmont
Fairmont Hotels & Resorts is where the intimate equally coexists with the infinite – an unrivaled portfolio of more than 80 extraordinary hotels where grand moments of life, heartfelt pleasures and personal milestones are celebrated and remembered long after any visit. Since 1907, Fairmont has created magnificent, meaningful and unforgettable hotels, rich with character and deeply connected to the history, culture and community of its destinations – places such as The Plaza in New York City, The Savoy in London, Fairmont San Francisco, Fairmont Banff Springs in Canada, Fairmont Peace Hotel in Shanghai, and Fairmont The Palm in Dubai. Famous for its engaging service, awe-inspiring public spaces, locally inspired cuisine, and iconic bars and lounges, Fairmont also takes great pride in its pioneering approach to hospitality and leadership in sustainability and responsible tourism practices. Fairmont is part of Accor, a world leading hospitality group consisting of more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries.

fairmont.com |all.accor.com |group.accor.com


10 – REV’IT! ANNOUNCES PURCHASE OF BESPOKE ITALIAN BRAND VIRCOSFrom Motorcycle and Powersports News

Vircos has been manufacturing custom-tailored leather road racing suits of the highest quality in Italy for more than 30 years. REV’IT! Sport International began its collaboration with Vircos in 2007, a relationship founded on common values with a shared passion for motorcycle racing.

READ THE ENTIRE POST HERE – https://www.motorcyclepowersportsnews.com/revit-announces-purchase-bespoke-italian-brand-vircos/


11 – Fox Factory Holding Corp. Announces Second Quarter Fiscal 2022 Financial ResultsFrom Fox Factory Holding Corp

Fox Factory Holding Corp. (Nasdaq: FOXF) (“FOX” or the “Company”) today reported financial results for the second quarter ended July 1, 2022.

Second Quarter Fiscal 2022 Highlights

  • Sales increased 23.9% to $406.7 million, compared to $328.2 million in the same period last fiscal year
  • Gross profit increased 28.7% to $142.9 million, compared to $111.1 million in the same period last fiscal year. Gross margin percentage increased 120 basis points to 35.1%, compared to 33.9% in the same period last fiscal year; non-GAAP adjusted gross margin percentage increased 120 basis points to 35.3% compared to 34.1% in the same period last fiscal year
  • Net income was $53.5 million, or 13.2% of sales and $1.26 of earnings per diluted share, compared to $44.3 million, or 13.5% of sales and $1.05 of earnings per diluted share in the same period last fiscal year
  • Non-GAAP adjusted net income was $58.6 million, or $1.38 of non-GAAP adjusted earnings per diluted share, compared to $51.0 million, or $1.20 of non-GAAP adjusted earnings per diluted share in the same period last fiscal year
  • Adjusted EBITDA was $88.1 million, or 21.7% of sales, compared to $69.7 million, or 21.2% of sales in the same period last fiscal year

“We are pleased to report another quarter of record revenue and profitability in an increasingly complex and challenging macro business environment. Not only did we surpass the $400.0 million quarterly revenue mark for the first time, but we also delivered record gross margin, EBITDA, and net income,” commented Mike Dennison, FOX’s Chief Executive Officer. “We are still seeing healthy demand across most of our diversified portfolio for the balance of the year. However, the ongoing macroeconomic and geopolitical volatility have caused us to slow both hiring and spending in an effort to stay in front of what will most likely be turbulent months ahead.”

Sales for the second quarter of fiscal 2022 were $406.7 million, an increase of 23.9% as compared to sales of $328.2 million in the second quarter of fiscal 2021. This increase reflects a 28.1% increase in Specialty Sports Group sales and a 20.9% increase in Powered Vehicles Group sales. The increase in Specialty Sports Group sales is driven by continued strong demand in the original equipment manufacturer (“OEM”) channel. The increase in Powered Vehicles Group sales is primarily due to strong performance in our upfitting product lines.

Gross margin was 35.1% for the second quarter of fiscal 2022, a 120 basis point increase from gross margin of 33.9% in the second quarter of fiscal 2021. Non-GAAP adjusted gross margin increased 120 basis points to 35.3% from the same prior fiscal year period, excluding the effects of strategic transformation costs. The increase in gross margin was primarily driven by favorable product mix and improved factory efficiencies. A reconciliation of gross profit to non-GAAP adjusted gross profit and the resulting non-GAAP adjusted gross margin is provided at the end of this press release.

Total operating expenses were $72.5 million for the second quarter of fiscal 2022, compared to $58.4 million in the second quarter of fiscal 2021. Operating expenses increased by $14.1 million primarily due to higher employee related costs, higher insurance and facility-related expenses, and higher commission costs. As a percentage of sales, operating expenses for the second quarter of fiscal 2022 remained unchanged at 17.8%, when compared to the second quarter of fiscal 2021. Non-GAAP operating expenses were $66.5 million, or 16.3% of sales in the second quarter of fiscal 2022, compared to $51.4 million, or 15.7% of sales, in the second quarter of the prior fiscal year. Reconciliations of operating expense to non-GAAP operating expense are provided at the end of this press release.

The Company’s effective tax rate was 18.9% in the second quarter of fiscal 2022, compared to 13.3% in the second quarter of fiscal 2021. The increase in the Company’s effective tax rate was primarily due to the impact of recently finalized U.S. tax regulations which limit the amount of newly generated foreign taxes that are creditable against U.S. income taxes and resulted in an increase in the impact of foreign withholding taxes, net of foreign tax credits; as well as decreased benefits from the effects of stock-based compensation. These increases were partially offset by a lower tax rate on foreign derived intangible income.

Net income in the second quarter of fiscal 2022 was $53.5 million, compared to $44.3 million in the second quarter of the prior fiscal year. Earnings per diluted share for the second quarter of fiscal 2022 were $1.26, compared to earnings per diluted share of $1.05 for the second quarter of fiscal 2021.

Non-GAAP adjusted net income in the second quarter of fiscal 2022 was $58.6 million, or $1.38 of adjusted earnings per diluted share, compared to adjusted net income of $51.0 million, or $1.20 of adjusted earnings per diluted share, in the same period of the prior fiscal year. Reconciliations of net income as compared to non-GAAP adjusted net income and the calculation of non-GAAP adjusted earnings per diluted share are provided at the end of this press release.

Adjusted EBITDA in the second quarter of fiscal 2022 was $88.1 million, compared to $69.7 million in the second quarter of fiscal 2021. Adjusted EBITDA margin in the second quarter of fiscal 2022 was 21.7%, compared to 21.2% in the second quarter of fiscal 2021. Reconciliations of net income to adjusted EBITDA and the calculation of adjusted EBITDA margin are provided at the end of this press release.

First Six Months Fiscal 2022 Results

Sales for the six months ended July 1, 2022 were $784.7 million, an increase of 28.8% compared to the first six months in fiscal 2021. Sales of Specialty Sports and Powered Vehicle products increased 35.2% and 24.1%, respectively, for the first six months of fiscal 2022 compared to the prior year fiscal period.

Gross margin was 33.5% in the first six months of fiscal 2022, a 80 basis point decrease, compared to gross margin of 34.3% in the first six months of fiscal 2021. On a non-GAAP basis, adjusted gross margin was 33.8% in the first six months of fiscal 2022, a 70 basis point decrease, compared to 34.5% in the first six months of fiscal 2021, excluding the effects of strategic transformation costs. The decrease in gross margin for the first six months of fiscal 2022 was primarily driven by continued increases in supply chain related costs, including increased prices for raw materials and freight. Additionally, the completion of the planned shutdown of our Watsonville, California facility and transition of those production lines resulted in inefficiencies as we ramp up our Gainesville, Georgia facility. A reconciliation of gross profit to non-GAAP adjusted gross profit and the resulting non-GAAP adjusted gross margin is provided at the end of this press release.

Net income attributable to FOX stockholders in the first six months of fiscal 2022 was $101.5 million, compared to $82.3 million in the first six months of the prior fiscal year. Earnings per diluted share for the first six months of fiscal 2022 was $2.40, compared to $1.94 in the same period of fiscal 2021.

Non-GAAP adjusted net income in the first six months of fiscal 2022 was $114.4 million, or $2.70 of adjusted earnings per diluted share, compared to $95.5 million, or $2.25 of adjusted earnings per diluted share in the same period of the prior fiscal year. Reconciliations of net income attributable to FOX stockholders to non-GAAP adjusted net income and the calculation of non-GAAP adjusted earnings per share are provided at the end of this press release.

Adjusted EBITDA increased to $159.9 million in the first six months of fiscal 2022, compared to $130.1 million in the first six months of fiscal 2021. Adjusted EBITDA margin decreased to 20.4% in the first six months of fiscal 2022, compared to 21.3% in the first six months of fiscal 2021. Reconciliations of net income to adjusted EBITDA and the calculation of non-GAAP adjusted EBITDA margin are provided at the end of this press release.

Balance Sheet Highlights

As of July 1, 2022, the Company had cash and cash equivalents of $108.6 million compared to $179.7 million as of December 31, 2021. Inventory was $349.1 million as of July 1, 2022, compared to $279.8 million as of December 31, 2021. As of July 1, 2022, accounts receivable and accounts payable were $195.4 million and $161.6 million, respectively, compared to $142.0 million and $100.0 million, respectively, as of December 31, 2021. Prepaids and other current assets were $267.7 million as of July 1, 2022, compared to $123.1 million as of December 31, 2021. The decrease in cash and cash equivalents and increase in prepaids and other assets are primarily due to increased chassis deposits as we work to secure supply for the remainder of the year for our upfitting business. The increase in inventory is due to several factors, including receipt of long lead time items that had been delayed, higher levels of safety stock to mitigate uncertainty, and natural growth to meet anticipated demand. The increases in accounts receivable and accounts payable reflect business growth as well as the timing of vendor payments. Total debt was $410.0 million as of July 1, 2022, compared to $378.5 million as of December 31, 2021, due to increases in working capital.

Fiscal 2022 Guidance

For the third quarter of fiscal 2022, the Company expects sales in the range of $385 million to $405 million and non-GAAP adjusted earnings per diluted share in the range of $1.15 to $1.35.

For the fiscal year 2022, the Company expects sales in the range of $1,535 million to $1,565 million and non-GAAP adjusted earnings per diluted share in the range of $5.00 to $5.30. For purposes of our fiscal 2022 guidance, we expect our full year effective tax rate to be within the range of 11% to 15%.

Non-GAAP adjusted earnings per diluted share exclude the following items net of applicable tax: amortization of purchased intangibles, patent litigation-related expenses, acquisition and integration-related expenses, and strategic transformation costs. A quantitative reconciliation of non-GAAP adjusted earnings per diluted share for the third quarter and full fiscal year 2022 is not available without unreasonable efforts because management cannot predict, with sufficient certainty, all of the elements necessary to provide such a reconciliation.

Conference Call & Webcast

The Company will hold an investor conference call today at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time). The conference call dial-in number for North America listeners is (800) 459-5346, and international listeners may dial (203) 518-9544; the conference ID is FOXFQ222 or 36937222. Live audio of the conference call will be simultaneously webcast in the Investor Relations section of the Company’s website at http://www.ridefox.com. The webcast of the teleconference will be archived and available on the Company’s website.

About Fox Factory Holding Corp. (Nasdaq: FOXF)

Fox Factory Holding Corp. designs and manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. The Company is a direct supplier to leading powered vehicle OEMs. Additionally, the Company supplies top bicycle OEMs and their contract manufacturers, and provides aftermarket products to retailers and distributors.

FOX is a registered trademark of Fox Factory, Inc. NASDAQ Global Select Market is a registered trademark of The NASDAQ OMX Group, Inc. All rights reserved.

Non-GAAP Financial Measures

In addition to reporting financial measures in accordance with generally accepted accounting principles (“GAAP”), FOX is including in this press release “non-GAAP adjusted gross profit,” “non-GAAP adjusted gross margin,” “non-GAAP operating expense,” “non-GAAP adjusted net income,” “non-GAAP adjusted earnings per diluted share,” “adjusted EBITDA,” and “adjusted EBITDA margin,” all of which are non-GAAP financial measures. FOX defines non-GAAP adjusted gross profit as gross profit margin adjusted for certain strategic transformation costs. Non-GAAP adjusted gross margin is defined as non-GAAP adjusted gross profit divided by total sales. FOX defines non-GAAP operating expense as operating expense adjusted for amortization of purchased intangibles, patent litigation-related expenses, acquisition and integration-related expenses, and strategic transformation costs. FOX defines non-GAAP adjusted net income as net income adjusted for amortization of purchased intangibles, patent litigation-related expenses, acquisition and integration-related expenses, and strategic transformation costs, all net of applicable tax. These adjustments are more fully described in the tables included at the end of this press release. Non-GAAP adjusted earnings per diluted share is defined as non-GAAP adjusted net income divided by the weighted average number of diluted shares of common stock outstanding during the period. FOX defines adjusted EBITDA as net income adjusted for interest expense, net other expense, income taxes, amortization of purchased intangibles, depreciation, stock-based compensation, patent litigation-related expenses, acquisition and integration-related expenses, and strategic transformation costs that are more fully described in the tables included at the end of this press release. Adjusted EBITDA margin is defined as adjusted EBITDA divided by sales.

FOX includes these non-GAAP financial measures because it believes they allow investors to understand and evaluate the Company’s core operating performance and trends. In particular, the exclusion of certain items in calculating non-GAAP adjusted gross profit, non-GAAP operating expense, non-GAAP adjusted net income and adjusted EBITDA (and accordingly, non-GAAP adjusted gross margin, non-GAAP adjusted earnings per diluted share and adjusted EBITDA margin) can provide a useful measure for period-to-period comparisons of the Company’s core business. These non-GAAP financial measures have limitations as analytical tools, including the fact that such non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies because other companies may calculate non-GAAP adjusted gross profit, non-GAAP adjusted gross margin, non-GAAP operating expense, non-GAAP adjusted net income, non-GAAP adjusted earnings per diluted share, adjusted EBITDA and adjusted EBITDA margin differently than FOX does. For more information regarding these non-GAAP financial measures, see the tables included at the end of this press release.

FOX FACTORY HOLDING CORP.
Condensed Consolidated Balance Sheets
(in thousands, except per share data)

As ofAs of
July 1,December 31
20222021
(unaudited)
Assets
Current assets:
Cash and cash equivalents$108,637$179,686
Accounts receivable (net of allowances of $322 and $410 at July 1, 2022 and December 31, 2021, respectively)195,449142,040
Inventory349,050279,837
Prepaids and other current assets267,723123,107
Total current assets920,859724,670
Property, plant and equipment, net194,601192,003
Lease right-of-use assets42,60638,752
Deferred tax assets44,17634,998
Goodwill323,965323,299
Intangibles, net186,074197,021
Other assets5,9424,986
Total assets$1,718,223$1,515,729
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable$161,614$99,984
Accrued expenses110,846112,378
Current portion of long-term debt17,500
Total current liabilities272,460229,862
Line of credit410,000
Long-term debt, less current portion360,953
Other liabilities33,83630,832
Total liabilities716,296621,647
Stockholders’ equity
Preferred stock, $0.001 par value — 10,000 authorized and no shares issued or outstanding as of July 1, 2022 and December 31, 2021
Common stock, $0.001 par value — 90,000 authorized; 43,153 shares issued and 42,263 outstanding as of July 1, 2022; 43,010 shares issued and 42,120 outstanding as of December 31, 20214242
Additional paid-in capital347,439344,119
Treasury stock, at cost; 890 common shares as of July 1, 2022 and December 31, 2021(13,754)(13,754)
Accumulated other comprehensive income7,8534,876
Retained earnings660,347558,799
Total stockholders’ equity1,001,927894,082
Total liabilities and stockholders’ equity$1,718,223$1,515,729

FOX FACTORY HOLDING CORP.
Condensed Consolidated Statements of Income
(in thousands, except per share data)
(unaudited)

For the three months endedFor the six months ended
July 1,July 2,July 1,July 2,
2022202120222021
Sales$406,705$328,164$784,682$609,300
Cost of sales263,761217,076521,478400,288
Gross profit142,944111,088263,204209,012
Operating expenses:
Sales and marketing24,17517,84046,76434,698
Research and development14,21411,21626,85621,092
General and administrative28,44424,22654,01144,595
Amortization of purchased intangibles5,6365,08310,94310,048
Total operating expenses72,46958,365138,574110,433
Income from operations70,47552,723124,63098,579
Interest and other expense, net:
Interest expense1,6971,5983,6744,502
Other expense, net2,816834,5081,042
Interest and other expense, net4,5131,6818,1825,544
Income before income taxes65,96251,042116,44893,035
Provision for income taxes12,4646,76714,90010,774
Net income$53,498$44,275$101,548$82,261
Earnings per share:
Basic$1.27$1.05$2.41$1.96
Diluted$1.26$1.05$2.40$1.94
Weighted-average shares used to compute earnings per share:
Basic42,21842,02842,18141,940
Diluted42,35242,36742,36742,355

FOX FACTORY HOLDING CORP.
NET INCOME TO NON-GAAP ADJUSTED NET INCOME RECONCILIATION
AND CALCULATION OF NON-GAAP ADJUSTED EARNINGS PER SHARE
(In thousands, except per share data)
(Unaudited)

The following table provides a reconciliation of net income, the most directly comparable financial measure calculated and presented in accordance with GAAP, to non-GAAP adjusted net income (a non-GAAP measure), and the calculation of non-GAAP adjusted earnings per share (a non-GAAP measure) for the three and six months ended July 1, 2022 and July 2, 2021. These non-GAAP financial measures are provided in addition to, and not as alternatives for, the Company’s reported GAAP results.

For the three months endedFor the six months ended
July 1,July 2,July 1,July 2,
2022202120222021
Net income$53,498$44,275$101,548$82,261
Amortization of purchased intangibles5,6365,08310,94310,048
Patent litigation-related expenses132158201468
Other acquisition and integration-related expenses (1)2101,7371,2983,152
Strategic transformation costs (2)6637812,3391,289
Tax impacts of reconciling items above (3)(1,498)(1,045)(1,891)(1,732)
Non-GAAP adjusted net income$58,641$50,989$114,438$95,486
Non-GAAP adjusted EPS
Basic$1.39$1.21$2.71$2.28
Diluted$1.38$1.20$2.70$2.25
Weighted average shares used to compute non-GAAP adjusted EPS
Basic42,21842,02842,18141,940
Diluted42,35242,36742,36742,355

(1) Represents various acquisition-related costs and expenses incurred to integrate acquired entities into the Company’s operations.

(2) Represents costs associated with various strategic initiatives including the expansion of the Powered Vehicles Group’s manufacturing operations. For the three and six month periods ended July 1, 2022, $663 and $2,339 is classified as costs of sales, respectively. For the three and six month periods ended July 2, 2021, $781 and $1,289 is classified as cost of sales, respectively.

(3) Tax impact calculated based on the respective year to date effective tax rate.

FOX FACTORY HOLDING CORP.
NET INCOME TO ADJUSTED EBITDA RECONCILIATION AND
CALCULATION OF NET INCOME MARGIN AND ADJUSTED EBITDA MARGIN
(In thousands)
(Unaudited)

The following tables provide a reconciliation of net income, the most directly comparable financial measure calculated and presented in accordance with GAAP, to adjusted EBITDA (a non-GAAP measure), and the calculations of net income margin and adjusted EBITDA margin (a non-GAAP measure) for the three and six months ended July 1, 2022 and July 2, 2021. These non-GAAP financial measures are provided in addition to, and not as alternatives for, the Company’s reported GAAP results.

For the three months endedFor the six months ended
July 1,July 2,July 1,July 2,
2022202120222021
Net income$53,498$44,275$101,548$82,261
Provision for income taxes12,4646,76714,90010,774
Depreciation and amortization12,56311,06224,41021,031
Non-cash stock-based compensation4,0613,3747,0905,868
Patent litigation-related expenses132158201468
Other acquisition and integration-related expenses (1)2101,5761,1842,831
Strategic transformation costs (2)6637812,3391,289
Interest and other expense, net4,5131,6818,1825,544
Adjusted EBITDA$88,104$69,674$159,854$130,066
Net Income Margin13.2%13.5%12.9%13.5%
Adjusted EBITDA Margin21.7%21.2%20.4%21.3%

(1) Represents various acquisition-related costs and expenses incurred to integrate acquired entities into the Company’s operations, excluding $114 in stock-based compensation for the six month period ended July 1, 2022, and $161 and $321 of stock-based compensation for the three and six month periods ended July 2, 2021, respectively.

(2) Represents costs associated with various strategic initiatives including the expansion of the Powered Vehicles Group’s manufacturing operations. For the three and six month periods ended July 1, 2022, $663 and $2,339 is classified as costs of sales, respectively. For the three and six month periods ended July 2, 2021, $781 and $1,289 is classified as cost of sales, respectively.

FOX FACTORY HOLDING CORP.
GROSS PROFIT TO NON-GAAP ADJUSTED GROSS PROFIT RECONCILIATION AND
CALCULATION OF GROSS MARGIN AND NON-GAAP ADJUSTED GROSS MARGIN
(In thousands)
(Unaudited)

The following table provides a reconciliation of gross profit to non-GAAP adjusted gross profit (a non-GAAP measure) for the three and six months ended July 1, 2022 and July 2, 2021, and the calculation of gross margin and non-GAAP adjusted gross margin (a non-GAAP measure). These non-GAAP financial measures are provided in addition to, and not as alternatives for, the Company’s reported GAAP results.

For the three months endedFor the six months ended
July 1,July 2,July 1,July 2,
2022202120222021
Sales$406,705$328,164$784,682$609,300
Gross Profit$142,944$111,088$263,204$209,012
Strategic transformation costs (1)6637812,3391,289
Non-GAAP Adjusted Gross Profit$143,607$111,869$265,543$210,301
Gross Margin35.1%33.9%33.5%34.3%
Non-GAAP Adjusted Gross Margin35.3%34.1%33.8%34.5%

(1) Represents costs associated with various strategic initiatives including the expansion of the Powered Vehicles Group’s manufacturing operations.

FOX FACTORY HOLDING CORP.
OPERATING EXPENSE TO NON-GAAP OPERATING EXPENSE RECONCILIATION AND
CALCULATION OF OPERATING EXPENSE AND NON-GAAP OPERATING EXPENSE AS A PERCENTAGE OF SALES
(In thousands)
(Unaudited)

The following tables provide a reconciliation of operating expense to non-GAAP operating expense (a non-GAAP measure) and the calculations of operating expense as a percentage of sales and non-GAAP operating expense as a percentage of sales (a non-GAAP measure), for the three and six months ended July 1, 2022 and July 2, 2021. These non-GAAP financial measures are provided in addition to, and not as an alternative for, the Company’s reported GAAP results.

For the three months endedFor the six months ended
July 1,July 2,July 1,July 2,
2022202120222021
Sales$406,705$328,164$784,682$609,300
Operating Expense$72,469$58,365$138,574$110,433
Amortization of purchased intangibles(5,636)(5,083)(10,943)(10,048)
Patent litigation-related expenses(132)(158)(201)(468)
Other acquisition and integration-related expenses (1)(210)(1,737)(1,298)(3,152)
Non-GAAP operating expense$66,491$51,387$126,132$96,765
Operating expense as a percentage of sales17.8%17.8%17.7%18.1%
Non-GAAP operating expense as a percentage of sales16.3%15.7%16.1%15.9%

(1) Represents various acquisition-related costs and expenses incurred to integrate acquired entities into the Company’s operations.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release including earnings guidance may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends that all such statements be subject to the “safe-harbor” provisions contained in those sections. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “might,” “will,” “would,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “likely,” “potential” or “continue” or other similar terms or expressions and such forward-looking statements include, but are not limited to, statements about the impact of the global outbreak of COVID-19 on the Company’s business and operations; the Company’s continued growing demand for its products; the Company’s execution on its strategy to improve operating efficiencies; the Company’s optimism about its operating results and future growth prospects; the Company’s expected future sales and future non-GAAP adjusted earnings per diluted share; and any other statements in this press release that are not of a historical nature. Many important factors may cause the Company’s actual results, events or circumstances to differ materially from those discussed in any such forward-looking statements, including but not limited to: the Company’s ability to complete any acquisition and/or incorporate any acquired assets into its business; the Company’s ability to maintain its suppliers for materials, product parts and vehicle chassis without significant supply chain disruptions; the Company’s ability to improve operating and supply chain efficiencies; the Company’s ability to enforce its intellectual property rights; the Company’s future financial performance, including its sales, cost of sales, gross profit or gross margin, operating expenses, ability to generate positive cash flow and ability to maintain profitability; the Company’s ability to adapt its business model to mitigate the impact of certain changes in tax laws; changes in the relative proportion of profit earned in the numerous jurisdictions in which the Company does business and in tax legislation, case law and other authoritative guidance in those jurisdictions; factors which impact the calculation of the weighted average number of diluted shares of common stock outstanding, including the market price of the Company’s common stock, grants of equity-based awards and the vesting schedules of equity-based awards; the Company’s ability to develop new and innovative products in its current end-markets and to leverage its technologies and brand to expand into new categories and end-markets; the Company’s ability to increase its aftermarket penetration; the Company’s exposure to exchange rate fluctuations; the loss of key customers; strategic transformation costs; the outcome of pending litigation; the possibility that the Company may not be able to accelerate its international growth; the Company’s ability to maintain its premium brand image and high-performance products; the Company’s ability to maintain relationships with the professional athletes and race teams that it sponsors; the possibility that the Company may not be able to selectively add additional dealers and distributors in certain geographic markets; the overall growth of the markets in which the Company competes; the Company’s expectations regarding consumer preferences and its ability to respond to changes in consumer preferences; changes in demand for high-end suspension and ride dynamics products; the Company’s loss of key personnel, management and skilled engineers; the Company’s ability to successfully identify, evaluate and manage potential acquisitions and to benefit from such acquisitions; product recalls and product liability claims; the impact of change in China-Taiwan relations on our business, our operations or our supply chain, the impact of the Russian invasion of Ukraine on the global economy, energy supplies and raw materials; future economic or market conditions; and the other risks and uncertainties described in “Risk Factors” contained in its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and filed with the Securities and Exchange Commission on February 24, 2022, or Quarterly Reports on Form 10-Q or otherwise described in the Company’s other filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Company’s expectations, objectives or plans will be achieved in the timeframe anticipated or at all. Investors are cautioned not to place undue reliance on the Company’s forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

CONTACT:

Fox Factory Holding Corp.

Vivek Bhakuni
Sr. Director of Investor Relations and Business Development
706-471-5241
vbhakuni@ridefox.com


12 – BRP Acquires Majority Stake in German-Based Pinion to Spur the Development of New Urban Mobility SolutionsFrom BRP Inc.

BRP Inc. (TSX: DOO, NASDAQ: DOOO) is pleased to announce the acquisition of an 80% stake in Pinion GmbH, a pioneer in gearbox technology based in Denkendorf, Germany. Driven by a passion to shape sustainable mobility, Pinion’s team of over 60 full-time employees designs, develops, assembles, and sells mechanical gearboxes for traditional and electric bicycles. The company’s leading gearboxes are modeled after automobile transmission technology and offer unique cycling dynamics and unparalleled shifting performance.

“Beyond our existing powersports and marine products, we are expanding our addressable market and entering untapped categories such as urban mobility and services,” said José Boisjoli, President and CEO of BRP. “This acquisition is strategic for us as it enables BRP to leverage Pinon’s unique, state-of-the-art technology in order to spur the development of new electric human assisted products. We are pleased to welcome the Pinion team.”

Pinion was founded in 2008 by Christoph Lermen and Michael Schmitz, two automotive engineers. Both Co-Founders and Managing Directors will remain shareholders of Pinion, as will Managing Director and shareholder Thomas Raith. All three leaders will continue to shape the company’s path to success and play a key role in its strategic direction alongside Pinion’s highly skilled employees. Offices will be maintained in Germany.

Christoph Lermen, Co-Founder and Managing Director, Pinion GmbH, added: “BRP’s culture of relentless innovation and focus on R&D mirrors our own. We are proud to join such a respected company and look forward to breaking new ground with them. Together, we will continue providing class-leading Pinion gearbox technology to our 100+ valued bicycle manufacturers while at the same time expanding our offering and developing next-generation drive solutions.”

This announcement follows BRP’s acquisition of Great Wall Motor Austria GmbH, a leading EV R&D centre based in Kottingbrunn, Austria, specializing in e-drive systems and transmissions, solidifying BRP’s expertise in electric powertrain technology for existing product lines and upcoming product introductions.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Certain information included in this release, including, but not limited to, the anticipated benefits associated with this acquisition, statements relating to the integration of Pinion GmbH in the Company’s business, and the Company’s plans for existing product lines and upcoming product introductions, the Company’s business and strategic plans, and other statements that are not historical facts, are “forward-looking statements” within the meaning of Canadian and United States securities laws. Forward-looking statements are typically identified by the use of terminology such as “may”, “will”, “would”, “should”, “could”, “expects”, “forecasts”, “plans”, “intends”, “trends”, “indications”, “anticipates”, “believes”, “estimates”, “outlook”, “predicts”, “projects”, “likely” or “potential” or the negative or other variations of these words or other comparable words or phrases. Forward looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. BRP cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of BRP to be materially different from the outlook or any future results or performance implied by such statements. Further details and descriptions of these and other factors are disclosed in BRP’s annual information form dated March 24, 2022.

About BRP

We are a global leader in the world of powersports products, propulsion systems and boats built on 80 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems as well as Rotax engines for karts and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel portfolio to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce includes close to 20,000 driven, resourceful people.

www.brp.com
@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.