This Week in Powersports Business – The Week of May 22, 2022

This Week in Powersports Business – The Week of May 22, 2022

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


1 – Dealership celebrating 20th anniversaryFrom Powersports Business

When it’s 20th Anniversary time at your dealership, you sing it loud and proud. That’s what they’re doing this year at Broward Motorsports.

Owner Sam Nehme’s Instagram post provides the launch year for each of the five Broward Motorsports locations, starting in 2002 with Hollywood and up through the 2018 start for Treasure Coast.

READ MORE HERE – https://powersportsbusiness.com/top-stories/2022/05/25/dealership-celebrating-20th-anniversary/


2 – Yamaha cancels August dealer meetingFrom Powersports Business

READ THE ENTIRE POST HERE – https://powersportsbusiness.com/top-stories/2022/05/25/yamaha-cancels-august-dealer-meeting/


3 – Volcon ePowersports Expands Revenue Stream, Signs Exclusive Distribution Agreement with Torrot Electric Europa SAFrom Volcon Inc.

Earlier this month, Volcon Inc. (NASDAQ: VLCN), (“Volcon” or the “Company”), signed an exclusive distribution agreement with Torrot Electric Europa SA, (“Torrot”),  to distribute Torrot’s line of electric off-road motorcycle products throughout Latin America, South America, and the Caribbean Region (“LATAM”). This agreement is expected to provide Volcon with an immediate opportunity to improve revenue and profitability by selling quality, “off-the-shelf” products throughout Volcon’s existing and expanding LATAM dealer and distributor network.

“Working with Torrot has been a great experience thus far. We’ve quickly identified several opportunities, with the most obvious being the ability to distribute the Torrot lines of products in our existing Latin American, South America, and Caribbean markets,” explained Jordan Davis, CEO of Volcon ePowersports. “This agreement will create opportunities to quickly realize additional revenue with little to no additional overhead as we are able to utilize our existing resources and the expert sales and logistics teams that are already in place at Volcon.”

Torrot manufactures electric motorcycles focused exclusively on young riders ages 3 to 11. Products are produced in their factory located in Salt, Spain where they also manufacture the brand Rieju motorcycles which are known as high-end, quality motocross bikes. The Torrot lineup consists of six options for young riders including motocross, trial, and supermotard versions.

“We are happy to have the opportunity to work with Volcon ePowersports. Our companies are well aligned with many evident synergies and we share a similar customer base which has made the process of integrating our teams swift and smooth. We are confident that Volcon will help us expand our brand and sales presence in these new markets and effectively reach new customers,” explained John Dixon, CEO of Torrot Electric Europa SA

Cristian Liani, Volcon ePowersports, Latin American Sales Manager notes, “Our existing network in Latin America, South America, and the Caribbean is the ideal setup to distribute Torrot products. We currently have a solid foundation in place to seamlessly and rapidly introduce the Torrot lineup to the LATAM market thanks to our strong list of distributors in the region currently distributing our Volcon products. The Volcon team is excited and prepared to take on this new opportunity”.

Logistics are already underway as Volcon integrates Torrot products into their LATAM distribution process. Volcon and Torrot have also begun making plans to work together to execute and enhance marketing efforts in the new markets as they support dealers and distributors in reaching new consumers in these markets which open vast new sales opportunities for both companies.

About Torrot Electric Europa SA

Founded in Vitoria by Don Luis Iriondo in 1948, Torrot got its start manufacturing sturdy touring and road bicycles. In the 1950s, Don Luis reached a license manufacturing agreement to make the mopeds and motorcycles for the famous French brand Dijon-Terrot, creating Terrot S.A.E.

In the 1970s, Torrot not only manufactured good, popular motorcycles like the Mustang and the TT, powered by Sachs engines, the outcome of a new alliance, it also started to manufacture such popular bicycles as the Cross MX in “summer blue” (the forerunner of today’s mountain bikes).

From 2017 Torrot focused 100% of its model range on electric. Current models are all 3rd and 4th generation proven products.

About Volcon, Inc.

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 designed to elevate the adventure experience and help people get things done at work and on the home front.

Volcon Contacts

For Media: media@volcon.com

For Dealers: dealers@volcon.com

For Investors: investors@volcon.com

For Marketing: marketing@volcon.com

For more information on Volcon or to learn more about its complete motorcycle and side-by-side line-up, visit: www.volcon.com

 Forward-Looking Statements

Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q filed with the SEC, which are available on the SEC’s website, www.sec.gov.


4 – Touratech USA Opens New Retail Store & Distribution Center in Brookfield, CTFrom Motorcycle & Powersports News

Brookfield, CT- (May 24th, 2022) Touratech USA is excited to announce the opening of a new retail store and distribution center in Brookfield, CT. Located only a few miles from the New York border. The company invested in this expansion to better serve its customers living on the East Coast. The store will provide riders with an opportunity to see products in-person and speak directly with adventure motorcycling experts. Visitors can try on riding gear and get expert help fitting motorcycle helmets, riding boots and more.

The Brookfield location will also provide customers with faster delivery times for the company’s phone and online sales. Besides riding gear, the store will offer a wide range of Touratech products. Including crash bars, skid plates, protection items, suspension, luggage and GPS navigation. Adventure riders will also be able to shop other brands including KLIM, Garmin, CruzTOOLS, Backcountry Discovery Routes, Sidi, REV’IT, RAM and Butler Maps among others.

“We are excited about this expansion because it provides better service for our customers and allows them to experience our brand values with a retail experience. We believe this location will serve as a hub for the adventure motorcycling community on the East Coast. We’ve even partnered with Backcountry Discovery Routes to provide a retail location for BDR maps, stickers and logo-wear.”  -Paul Guillien, CEO, Touratech-USA

Just outside of the Danbury city limits, the store is conveniently located right off US 7 / US202 and Interstate 84. This provide easy access from all directions. The store is 55 miles from Hartford, CT and 60 miles from the George Washington Bridge which connects New Jersey to Manhattan, NY.

Touratech-USA East, Brookfield

67 Federal Road, Brookfield, CT 06804    

1 (800) 491-2926            


5 – Dealer group launches ADV Touring rider trainingFrom Powersports Business

The Chicago Motorcycle School is launching the first-of-its-kind Adventure Touring Riders Course with the inaugural class kicking off earlier this month. With training locations in St. Charles and Woodstock, Illinois, the goal of the curriculum is to get riders comfortable riding their ADV bikes on and off road.

READ MORE HERE – https://powersportsbusiness.com/top-stories/2022/05/24/dealer-group-launches-adv-touring-rider-training/


6 – 2022 North American NVP Expo set for Madison in AugustFrom Powersports Business

Parts Unlimited, Drag Specialties and Parts Canada are once again teaming together in August to present the 2022 North American NVP Expo at the Monona Terrace in Madison, Wisconsin.

The Expo will unite the three LeMans Corp. companies to introduce the fall buying season. With this collaboration, exhibitors will have the best of all teams in one location to roll out new products and programs and to educate both dealers and sales reps alike.

The North American NVP kicks off Friday, Aug. 19, exclusively for exhibitors and the Parts Unlimited, Drag Specialties and Parts Canada sales force. On Saturday, August 20, the Expo opens to dealers for two full days with a new, expanded expo floor. The expanded layout allows the space needed to introduce new vendors and increase the overall expo experience. Dealers will have the opportunity to connect and engage with even more of the industry’s leading brands on the expo floor, through dealer training sessions and socially at the Meet & Greet/Bike Show.

The show floor on Friday at the NVP will be open exclusively for the LeMans Corp. sales staff.

“The last time Parts Canada got together with the Parts Unlimited team was to celebrate our 20th anniversary and it was a complete success,” said James Danyluk, president of Parts Canada. “NVP offers our dealers an opportunity to see the largest powersports distributor expo in North America and we can’t wait to see our customers and suppliers in person.”Top ArticlesREAD MORE

Mike Collins, CEO of LeMans Corporation: “It’s been three years since we last gathered in Madison for our NVP. It’s great to be back and what better way to do it than with our Parts Canada team. I’m looking forward to seeing old friends and new; vendors, dealers and reps. It’s long overdue and needed. See you soon.”


7 – WPS holds Sales Meeting in BoiseFrom Powersports Business

The WPS Sales Meeting last week in Boise offered the distributorship a chance to gather its sales team and provide training on new products coming to market from its house brands and partner companies.

READ MORE HERE – https://powersportsbusiness.com/top-stories/2022/05/24/wps-holds-sales-meeting-in-boise/


8 – ARGO BRINGS ABOARD JOEL HALLSTROM AS PRODUCT MANAGERFrom Motorcycle & Powersports News

ARGO has announced the addition of Joel “Joey” Hallstrom as product manager for their vehicle division. Officing out of Thief River Falls, MN, Joey will be working with a multitude of groups from both the Canadian and US operations on product development, channel strategies and promotions.

READ MORE HERE – https://www.motorcyclepowersportsnews.com/argo-brings-aboard-joel-hallstrom-as-product-manager-of-their-vehicle-division/


9 – AUTOMATIC DISTRIBUTORS ADDS NELSON RIGG BRANDFrom Motorcycle & Powersports News

Automatic Distributors is welcoming Nelson Rigg USA to its growing portfolio of brands in a new distribution agreement for 2022. Nelson Rigg brings motorcycle covers, luggage and rainwear, as well as over 40 years of product innovation and quality to the vast Automatic Distributors dealer network, further elevating the company’s rapid growth.

READ MORE HERE – https://www.motorcyclepowersportsnews.com/automatic-distributors-adds-nelson-rigg-brand/


10 – Suzuki Celebrates 20 Years of ATV Manufacturing in the United StatesFrom Suzuki Motor USA, LLC

Suzuki Motor USA, LLC is proud to celebrate 20 years of manufacturing KingQuad ATVs at the Suzuki Manufacturing of America Corporation (SMAC) facility. KingQuad ATVs rolled off the assembly line in Rome, Georgia in May of 2002, and have continued to be built exclusively in the United States ever since.

Suzuki, the inventor of the 4-wheel ATV, has been building the award-winning KingQuad ATVs in this multi-million dollar, 35-acre manufacturing facility since 2002. The SMAC facility is located in the center of the biggest ATV market in the world, allowing access to real-world rider feedback for product refinement and timely delivery of KingQuad ATVs to Suzuki dealers worldwide.

First on Four Wheels – Suzuki has been an innovator in engineering since the company’s founding in 1909. This commitment to engineering excellence in the early 1980s saw Suzuki lead the industry with the creation of the first ever four-wheel ATV in 1983. Always committed to innovation, and attentive to the needs and desires of riders, Suzuki was literally First on Four Wheels.

“This is an extremely important milestone for Suzuki,” said Kerry Graeber, Vice President, Division Manager MC/ATV Sales and Marketing. “Suzuki is very proud to have built KingQuad ATVs in America for the past 20 years. The performance, toughness, and durability of Suzuki ATVs represent the commitment, hard work, and dedication of the people who build them in our Rome, Georgia facility.”

The SMAC facility is one key to the continued success of Suzuki’s global ATV business and Suzuki KingQuad ATVs built there are shipped to U.S. Suzuki dealers and nearly 30 countries worldwide.

Learn more about the complete line of Suzuki KingQuad ATVs at SuzukiCycles.com.

*Built in USA of U.S. and imported parts.

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.


11 – Parts Unlimited hires sales rep

Parts Unlimited announced that the distributorship’s newest sales rep for the Southwest region of the U.S., covering Nevada and Arizona, is Chris Moody.

Moody’s industry experience includes marketing photography/video as well as advisory roles in service and custom fabrication. He has extensive racing experience including AMA D37, Big 6 NCGP, Score Baja and BITD racing and is an AMA member and Pee Wee Motocross instructor. 

Chris Moody

In his down time, Moody enjoys mountain biking, photo/videography, street/dirt riding and playing guitar.


This Week in Powersports Business – The Week of May 15, 2022

This Week in Powersports Business – The Week of May 15, 2022

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


1 – Volcon’s all-electric Stag side-by-side reservations start July 1From Powersports Business

Does your dealership have plans to sell all-electric side-by-sides in the near future? Volcon’s all-new, all-electric 2023 Stag is ready to “redefine off-road performance” and has revealed a reservation date for consumers.

Consumers can begin reserving their unit on July 1.



2 – Dealership kicks off 50th anniversary celebrationFrom Powersports Business

There’s never a better time to celebrate a dealership’s success than when it hits the 50-year mark, which is what is happening this week in Missouri.

Tim Surdyke’s Gold Star Harley-Davidson and Outdoors, Gary Surdyke Motorcycle Inc., Surdyke Yamaha and Surdyke Harley-Davidson, located in Festus, Missouri, and all with roots and names dating to 1972, is hosting a 50th anniversary celebration event from May 17-21.

READ MORE HERE – https://powersportsbusiness.com/top-stories/2022/05/18/dealership-kicks-off-50th-anniversary-celebration/


3 – HUSQVARNA MOTORCYCLES UNVEILS ITS NEW GENERATION OF MOTOCROSS MACHINERYFrom Husqvarna

Continuing to deliver true motocross performance, the all-new 2023 Husqvarna Motorcycles’ TC and FC models further enhance the on-track riding experiences of all riders. Highly capable of competing at the highest levels of racing as standard, technical advancements across the five-motorcycle-strong range include new engines, suspension, frames, swingarms, and bodywork. Each of the 2-stroke and 4-stroke machines receive tailored developments for maximum performance.

Strengthening their positions as the leading 2-strokes on the market, the TC 125 and TC 250 are now equipped with Electronic Fuel Injection (EFI) and E-Start as standard. The throttle body fuel injection system ensures class-leading power and rideability, as well as enhancing reliability, and lowering overall running costs. Both machines are now easily started with the simple press of a button. These significant enhancements underline the continued evolution of these popular models, which set the benchmark for premium motocross machinery in the highly competitive 2-stroke sector. 

The 2023 FC 250 and FC 350 are powered by all-new 4-stroke engines that are designed to be faster, lighter, and play a vital role in enhancing overall handling. Utilizing the latest technology and electronic rider aids, these models remain at the forefront of motocross machinery development alongside the FC 450, which features a revised and repositioned engine to improve mass centralization. 

All machines in the motocross line-up are engineered to outperform the competition. Expertly assembled with high-quality components for enhanced performance, reliability, and customization, the FC and TC models are equipped with WP suspension for unsurpassed comfort and straight-line stability. The new WP XACT 48 mm front forks offer more progressive end-of-stroke damping thanks to an improved hydrostop. In addition, the WP XACT rear shock is designed with a refined main piston for improved comfort and features tool-free adjusters for fast setting changes. Complete with ProTaper handlebars, a Brembo clutch, and Dunlop tires, each model is equipped with a map select switch for selectable engine maps and a personalized riding experience.

What is new for 2023:

  • New bodywork with specifically tailored ergonomics for easier movement on the motorcycle
  • New hydro-formed chromium-molybdenum frames significantly improve anti-squat behavior
  • New topology-optimised die-cast aluminum swingarm provides optimal rigidity and low weight
  • New throttle body fuel injection on 2-stroke engines ensures class-leading power and rideability
  • New FC 250 and FC 350 DOHC engines deliver class-leading torque and peak power
  • New Quickshift sensor ensures seamless upshifting on all 4-stroke models
  • New electric start on both 2-stroke models
  • New aluminium-polyamide hybrid subframe construction provides specifically calculated rigidity and advanced durability
  • New WP XACT 48 mm front forks with AER technology offer more progressive end-of-stroke damping
  • New WP XACT rear shock design with CFD-optimised main piston and tool-free adjusters
  • New multifunctional Map Select Switch also activates the Quickshifter, Traction, and Launch Control
  • High-performance Brembo hydraulic clutch system
  • Premium-quality ProTaper handlebars
  • Electric start powered by a lightweight Li-Ion 2.0 Ah battery

A competition-focused range of Technical Accessories and Apparel accompanies the release of all 2023 TC and FC machines. Included within the collection of high-quality components designed to improve performance and reliability are wheels, triple clamps, an exhaust, as well as many protective parts. For comfort, safety, and style, the Apparel Collection ensures riders of all abilities are fully equipped for every ride. Offering a full head-to-toe range that includes protective equipment and riding gear for all racers, all designs truly compliment Husqvarna Motorcycles’ 2023 TC and FC models. The 2023 motocross range is available worldwide from now onwards at all authorised Husqvarna Motorcycles Dealers. Availability may differ from country to country. For details on pricing and availability, please refer to your national Husqvarna Motorcycles subsidiary or importer.


4 – Dealership owner grows footprint to four locations with acquisitionFrom Powersports Business

A former executive in management with Team Mancuso Powersports is off and running in his new role as a dealership owner, according to a press release from Powersports Listings Mergers & Acquisitions.

Powersports Listings Mergers & Acquisitions announced new ownership of three family-owned dealerships in the Houston area.

Big O Powersports LLC has acquired Texas Yamaha Inc. (locations Webster and Texas City) along with Texas Powersports of Pasadena, with its principal owner Phillip Orange of Houston Motorsports expanding his Houston market presence from one to four dealerships. The Pasadena, Webster, and Texas City acquisition represents a powerful brand lineup including Honda, Yamaha, Polaris, Club Car, Roxor, Husqvarna and Specialized Electric Bikes from three southeast Houston facilities.

READ MORE HERE – https://powersportsbusiness.com/top-stories/2022/05/16/dealership-owner-grows-footprint-to-four-locations-with-acquisition/


5 – Yamaha Motor Co., Ltd. reveals Q1 financial resultsFrom Powersports Business

Yamaha Motor Co., Ltd. has announced its consolidated business results for the first three months of the fiscal year ending Dec. 31, 2022.

Net sales for the period were 481.7 billion yen (an increase of 37.6 billion yen or 8.5% compared with the same period of the previous fiscal year) and operating income was 40.1 billion yen (a decrease of 8.2 billion yen or 16.9%). Ordinary income was 45.7 billion yen (a decrease of 7.1 billion yen or 13.5%) and net income attributable to owners of parent was 32.6 billion yen (a decrease of 9.2 billion yen or 21.9%). For the first three months of this consolidated accounting period, the U.S. dollar traded at 116 yen (a depreciation of 10 yen from the same period of the previous fiscal year) and the euro at 130 yen (a depreciation of 2 yen).

READ MORE HERE – https://powersportsbusiness.com/top-stories/2022/05/18/yamaha-motor-co-ltd-reveals-q1-financial-results/


6 – LeMans Corp. announces promotion for new Dual Regional Sales Manager

Drag Specialties and Parts Unlimited have announced the promotion of Greg Matter to Dual Regional Sales Manager for the Central region.

Greg Matter

Matter has been a Drag Specialties sales rep in the West region, covering the Greater Phoenix area, for over 15 years and had previously been a general manager of H-D dealerships.

In his free time, he enjoys riding and spending time with his family.


7 – STATEMENT FROM HARLEY-DAVIDSON

MILWAUKEE, May 19, 2022 /PRNewswire/ — Yesterday, Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE:HOG) took the decision to suspend all vehicle assembly and shipments (excluding LiveWire) for a two-week period. This decision, taken out of an abundance of caution, is based on information provided by a third-party supplier to Harley-Davidson late on Tuesday (5/17) concerning a regulatory compliance matter relating to the supplier’s component part.

(PRNewsfoto/Harley-Davidson Motor Company)

8 – Drag Specialties adds Stofle as sales repFrom Powersports Business

Drag Specialties has added Nick Stofle to its sales team roster, covering the Phoenix/Tucson area.

Stofle comes to Drag Specialties with 22 years of experience at the dealership level managing parts and inventory for several Harley-Davidson locations in California. He grew up racing BMX and dirt bikes which transitioned to Harley riding.   

In his free time, Stofle enjoys racing Nitro off-road 1/8 scale remote control cars.


9 – Octane partners with Indian, SlingshotFrom Powersports Business

Octane and Joydrive have teamed up with Polaris to deliver a seamless, digital-to-retail shopping experience for the Indian Motorcycle and Polaris Slingshot brands.

Beginning today, customers can benefit from an easy, end-to-end experience when shopping for Indian Motorcycle or Polaris Slingshot vehicles from the comfort of their own homes; they can instantly prequalify for financing via a soft credit pull with Octane Prequal, value their trade, indicate interest in Finance and Insurance products and accessories, and more before visiting a nearby dealership to complete their purchase.

READ THE ENTIRE ARTICLE HERE – https://powersportsbusiness.com/top-stories/2022/05/19/octane-partners-with-indian-slingshot/


10 – Volcon ePowersports Continues Rapid Growth of North America Dealer Network, Signs 100th DealerFrom Volcon Inc

Volcon Inc. (NASDAQ: VLCN), (“Volcon”or the “Company”), an all-electric, off-road powersports company, has officially signed 100 dealers to sell its electric vehicles in North America. With an increasing focus on electric alternatives to transportation and recreational vehicle options, Volcon was quick to sign up a solid list of experienced dealerships in North America. Volcon dealers across the country are prepared and excited to sell Volcon products to their existing and growing customer bases. North America dealers will begin receiving Volcon Grunts for their sales floors as of the second week of May 2022 with every dealer in the network having placed orders as part of their onboarding process.

“We recently had the chance to ride and experience the Volcon Grunt and it blew us away. The more we dug into Volcon as a company and we discovered who works there and who is behind the brand and products, we just saw win after win and did not hesitate to sign up to sell Volcon products at our four locations in Texas and Louisiana,” explained Kyle Hughes, owner, and operator of H&W Powersports. “This past weekend we brought the Grunt to a bass fishing tournament. The response from the crowd and participants at the event was overwhelmingly positive. It’s been great to introduce them to Volcon’s electric products which they see as a great vehicle to support their various outdoor lifestyle activities like hunting and fishing.”

“It has been an incredibly rewarding and exciting time to be with Volcon,” describes Dave Auringer,  National Sales Director at Volcon ePowersports. “I have been in the powersports industry for 40 years and seen many evolutions of powersports products and new product launches as well as emerging brands come and go. The quality and innovation that Volcon brings to its products make it a no-brainer for prospective dealers as we grew the dealer network from zero to 100 in just 6 months. We have been hearing that the future is electric for a while now, but the future is here with Volcon. It has been a pleasure building the dealer network starting off with some of the biggest and strongest powersports dealers in the country. We have a strong future and are looking forward to delivering these high-quality, high-performance products to our dealers now and in the future as the Volcon lineup grows. We couldn’t do it without the great work from our sales team; Ken Cook, Southeast Regional Sales manager, Johnny Hayes, South Regional Sales Manager, and Steve Christian, Northwest Regional Sales Manager”

Dealer Locator Tool can be found on Volcon’s website which illustrates a dealer network as it expands across the country.

About Volcon Inc

Volcon Inc. is an 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 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 may include the Runt, a youth-sized version of the groundbreaking Grunt and an eBike, the Brat. The Stag and Project X are expected to be Volcon’s venture into the rapidly expanding world of UTVs and coming in future years as the company expands.

Volcon Contacts

For Media: media@volcon.com

For Dealers: dealers@volcon.com

For Investors: investors@volcon.com

For Marketing: marketing@volcon.com

For more information on Volcon or to learn more about its complete motorcycle and side-by-side line-up, visit: www.volcon.com

 Forward-Looking Statements

Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q filed with the SEC, which are available on the SEC’s website, www.sec.gov.


11 – MIC Communications Promotes Rider Safety on National Television and Online ChannelsFrom the MIC

MIC Director of Media Relations Andria Yu spoke with meteorologist Amy Freeze during four live national TV segments on the Fox Weather channel, focusing on tips for riders and drivers during May’s Motorcycle Safety Awareness Month. Coverage on the segments, recorded yesterday outside on Sixth Avenue in New York City, also ran on Fox’s and Freeze’s social media channels, from Twitter to Instagram, and also on the network’s app.

“We asked motorists to actively search for motorcyclists and asked riders to gear up every ride,” Yu said. “We talked about training, how classes such as the Motorcycle Safety Foundation Basic RiderCourse help you learn about smart street strategies, and we also talked about different types of bikes.”

On display, provided by MIC member companies, were a total of seven motorcycles from BMW, Honda, Indian, KTM, and Zero. A showcase of gear came from Arai, REV’IT!, RevZilla, Shoei, and Schuberth.

The MIC has a longstanding relationship with Freeze, who first learned how to ride a motorcycle years ago at one of the many rider training sessions hosted by the Communications Department for media and influencers in the New York area. She later earned her motorcycle license and frequently mentions motorcycling and safety tips on the air and with her social media posts.


12 – #SEEMOTORCYCLES Sharable Safety Messages Posted on MSF YouTube PageFrom the MSF

For Motorcycle Safety Awareness Month and beyond, the Motorcycle Safety Foundation has a new playlist called #SeeMotorcycles on its YouTube page.

On the list are the two shorts, a 30-second public service announcement and another that’s just over one minute long, both with key share-the-road safety messages for riders and drivers.

“We ask everyone throughout the industry and across the safety community to share these videos and use #SeeMotorcycles on their social platforms,” said Corey Eastman, MSF director of rider education expansion. “We want to have the safest possible summer, and rest of the year, for motorcyclists all over the country.”


Lead image courtesy Husqvarna

This Week in Powersports Business – The Week of May 8, 2022

This Week in Powersports Business – The Week of May 8, 2022

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


1 – NGK SPARK PLUGS ANNOUNCES EXECUTIVE CHANGES From Motorcycle & Powersports News

NGK Spark Plugs (U.S.A.) Inc. has announced changes within its executive team, which includes the appointment of four individuals. 

Clair Stewart has joined the company as vice president of supply chain management. In his new role, Stewart is responsible for procurement, materials, packaging and logistics. Before joining NGK Spark Plugs, Stewart was employed by Autokiniton Global Group for over 15 years, where he most recently served as vice president of supply chain.

Mark Pratt has been promoted to director of supply chain management. In this newly created role, Pratt will be responsible for planning and fulfillment operations. Pratt was previously the general manager of supply chain and has been with NGK Spark Plugs for 28 years.

Jeff Desveaux has been promoted to general manager of strategic growth and partnerships. In this newly created role, Desveaux will be responsible for the creation, sourcing and development of new business opportunities. Desveaux began his career with NGK Spark Plugs Canada in 2003 and most recently held the position of general manager of NGK Spark Plugs Canada.

Richard Ebert joined NGK Spark Plugs in April as general manager of finance, filling a recently vacated position. Before joining NGK Spark Plugs, Ebert held financial roles of increasing responsibility with Johnson Controls and Amcor, where he served as manufacturing finance director. As general manager of finance, Ebert is responsible for financial reporting, corporate accounting, accounts receivable and payables administration, financial planning and analysis, and manufacturing operations finance for NGK Spark Plugs USA.

“I am excited to announce these appointments to our executive team,” said NGK President and CEO Michael Schwab. “We continue to prepare for and create for the future, and the strategic, functional and operational expertise of these individuals and the entire executive team will allow us to maximize our growth potential for many years to come.”


2 – BRP Announces Preliminary Results of Substantial Issuer BidFrom BRP Inc

BRP Inc. (TSX: DOO, NASDAQ: DOOO) today announced the preliminary results of its substantial issuer bid (“SIB”), pursuant to which BRP offered to purchase for cancellation a number of its subordinate voting shares (“Shares”) for an aggregate purchase price not to exceed $250 million at a purchase price of not less than $103.00 and not more than $123.00 per Share. The SIB expired at 5:00 p.m. (Montreal time) on Friday, May 6, 2022. All dollar amounts are in Canadian dollars.

In accordance with the terms and conditions of the SIB and based on the preliminary calculation of Computershare Investor Services Inc. (“Computershare”) as depositary for the SIB, BRP expects to take up and pay for 2,427,184 Shares at a price of $103.00 per Share under the SIB, representing an aggregate purchase price of approximately $250 million and approximately 3% of the total number of BRP’s issued and outstanding Shares and multiple voting shares before giving effect to the SIB.

A total of 2,653,165 Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the purchase price and purchase price tenders. Since the SIB was oversubscribed, shareholders who made auction tenders at or below the purchase price and purchase price tenders will have the number of Shares purchased prorated following the determination of the final results of the SIB (other than “odd lot” tenders, which are not subject to proration). BRP currently expects that shareholders who made auction tenders at or below the purchase price and purchase price tenders will have approximately 91% of their successfully tendered Shares purchased by BRP.

After giving effect to the SIB, BRP expects to have 36,355,652 Shares and 42,328,979 multiple voting shares issued and outstanding.

The number of Shares to be purchased, the proration factor and the purchase price referred to above are preliminary, remain subject to verification by Computershare and assume that all Shares tendered through notice of guaranteed delivery will be delivered within the two trading day settlement period. Upon take up and payment of the Shares purchased, BRP will release the final results, including the final proration factor.

The full details of the SIB are described in the offer to purchase and issuer bid circular dated March 31, 2022, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell BRP’s shares.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

Certain information included in this release, including, but not limited to, statements relating to the SIB, the actual number of Shares to be taken up and paid for in connection with the SIB, the purchase price, the proration factor, and the number of Shares and multiple voting shares expected to be issued and outstanding after completion of the SIB, 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 the offer to purchase and in BRP’s annual information form dated March 24, 2022.

About BRP

We are a global leader in the world of powersports vehicles, 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, Can-Am on and off-road vehicles, Alumacraft, Manitou, Quintrex boats 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 business to fully enhance the riding experience. With annual sales of CA$7.6 billion from over 120 countries, our global workforce is made up of close to 20,000 driven, resourceful people.

www.brp.com
@BRPNews

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


3 – IMS Outdoors – Important Announcement

Dear IMS Fans,


We have some news to share today with our IMS Family. After 40 years of producing The International Motorcycle Shows and IMS Outdoors, we have made the difficult decision to suspend the IMS Tour in 2022.

The powersports industry is at a crossroads with where and how brands promote their products amidst the continued manufacturing and sourcing delays associated with the pandemic. These current hurdles that our brand partners are facing would have made it difficult for us to produce an IMS that would meet your, and our, expectations. Therefore, we will not be moving forward with the planned 2022 events, including the Ultimate Builder Custom Bike Show.

Any tickets purchased or Ultimate Builder Custom Bike Show registrations paid for 2022 events will be refunded to the credit card used for purchase within 7 business days. If you have not received your refund within 7 business days, please contact service@tixonlinenow.com.

We greatly appreciate your attendance and loyalty over the years and will miss sharing your love for motorcycling with you.  


4 – NOTHING HAS CHANGED: GETTING SERIOUS WITH THE 2023 KTM SX

How do you better dominance?

Like any champion racer we search every single corner for gains, for performance and for perfection. The 2023 KTM SXs will reshape the market as well as riders’ expectations. We haven’t changed our approach for outright excellence, so that means we’ve changed quite a bit for 2023.

We still have 12 models that scale from electric learner bikes through to 2-stroke minicycles (50, 65, 85cc) to larger 2-stroke thrillers at 125, 250 and 300cc capacity. The KTM SX-Fs consist of 250, 350 and 450 4-strokes. A potential AMA 450SX winner or MXGP world champion can grow in orange from his or her first meters on the dirt right up until those last few corners as a winner at the very highest level. So, we have the bikes but why jump into the family? Why embrace the KTM DNA? Well, the KTM SXs are the most powerful in each class and have the finest components. They are the most race focused.

Racing informs us to empower you. The 2023 KTM SXs are sleeker, slimmer, more controllable, the most desirable. They our best expression of the ultimate motocross ‘race’ so we’re ready for when you want to get really serious.

Behind the gate: Preparation and equipment

We are market leaders with the use of cutting-edge ideas and technology throughout our motorcycle portfolio and the 2023 KTM SXs are primed. Partnerships with companies such as KEIHIN, PANKL, and Brembo means performance possibilities have expanded. The 2023 KTM SX range will count on 2 maps (one standard, softer and linear power and another for a more aggressive response), launch control*, traction control*, a ‘roll-over’ sensor for large crashes, an hourmeter as standard with electronic fuel injection status and a fuel indicator through the Keihin engine management system. Other preparatory steps come through the tool-free adjustments now possible with the latest spec WP Suspension engineering. New 7.2l polythene fuel tanks can be filled (feeding into the protected one-piece fuel pump and filter) and a quick spin of the Excel alloy wheel rims is quicker and easier to check thanks to the fresh spoke ‘nipple’ design. You’re READY TO RACE.

Gate-drop and surging into action

Fired up with the electric starter (on all models) KTM SXs hammer along the straight and into the corners and jumps with aplomb. Our engine packages are more compact, more durable, more serviceable and offer the best power-to-weight ratio across the board.

New cylinder heads translates into performance gains but rearwards rotation of the engines by 2 degrees has given better centralization and a more profound effect for the chassis concept. Brand new 5-speed PANKL Racing Systems transmissions with an additional sensor for the 4-strokes mean that up-shifts (from 2nd gear onwards) are slicker thanks to the Quickshifter function. The Quickshifter can be disabled with a switch on the handlebar but a weight-optimized shift shaft in the transmission itself means that the operating force of the changes is now less and therefore easier. A Brembo hydraulic clutch ensures top-of-the-range dependability whatever the conditions.

With our 2-strokes, less carbs = more muscle. We’ve graced our KTM SXs with a new electronic fuel injection to ensure simplicity, enjoyment and uniqueness. Therefore, the SXs get a new 39mm throttle body with injectors positioned for pinpoint response. A ‘remix to the premix’ counts on a TPS-sensor for better behavior while idle and for the fuel-air mixture (not forgetting the cold start mechanism which is the same as the KTM SX-Fs). The effect is ‘more’: more power, more response, more assurance, more ease, more fun.

Finding the flow then attacking the track

The demands of competition, fitness and the track set the tone for any moto. It’s in the depths of this hard, physical stage of a race when the connection and feeling with any motorcycle can make the difference and fully harness the excitement and fulfilment. We’ve taken our chassis and frame design principals back to the core and have sought better dynamics, stability and strength. ‘Longitudinal rigidity’ is a key phrase and with accentuated rider feeling coming through an ‘anti-squat’ philosophy. This has been achieved by a new frame and mounts, subframe, swingarm, engine repositioning, ergonomics and WP Suspension tech.

The frame is hydro-formed, laser-cut and robot-welded. The wall thickness has been optimized to achieve improved specific rigidity in high stress areas such as the steering head and all new shock mounts. The KTM SX 2-strokes have new parallel frame mounts. The design is sportier with sights on extra agility; an example comes through the new inwardly moved footpegs for even greater clearance in ruts and for dropping the bike flat for jump scrubs. New footpegs are even larger in surface area, even if the die casting means they are lighter than before. Stiffness has been dialed with lighter die cast hollow swingarms (new casting processes allow for even more weight saving) and a new rear axle.

The WP Suspension XACT shock is shorter and lighter. The internal flow of liquids is more flush, reliable and resistant, and the shock’s smaller dimensions lower the chances of pollutants and dirt intrusion. The shape permits higher ground clearance with the linkage and advanced damping means better traction as the bike ingests the bumps with the new geometry setting. Entering corners or landing jumps any KTM SX can take full profit from WP XACT forks with AER air technology featuring a new hydrostop for more effective performance and more ‘bottoming’ resistance.

The 2023 KTM SXs are narrower and honed, but we have managed to increase contact area and surfaces to allow even more input into the handling of the bike. The flat orange seat – offering excellent grip and a stance emphasizing greater control – and the reworked front fender are other identifiable marks. The ‘mud flaps’ of the fender prevents excessive soil being flicked up towards the rider and the radiator in particularly wet conditions.

Finishing the moto strong

You’ve gone faster and longer than ever but any Pro racer will tell you that the last two-three laps of any moto are key. This is where the versatility and usability of the new KTM SXs are further fortes. The rate of energy absorption is high thanks to the forgiving chassis and other components such as the fresh CNC milled triple clamps with optimized bar mounts and wider grip surface area. This leads to less handlebar ‘twist’. The whole unit is protected by a new number plate design. The subframe is now a finely engineered hybrid thanks to polyamide reinforced aluminum, applying strength into the lower part of the frame and extending flexibility for control and comfort in upper sections. The subframe has been designed with advanced finite element analysis and weighs less than two kilos.

Count on the last centimeters of traction and performance provided by the Dunlop GEOMAX MX33 tires; chosen for the 2023 KTM SX line-up after a careful testing and selection process.

Once across the finish line it will be time to recover, to reset and to think about the next outing. At this point riders will consider some ‘mods’ and this is when accompanying KTM PowerParts and KTM PowerWear will have you covered. Riding gear, protection and extra parts and much more can be found and have been especially crafted for our 2023 KTM SX incarnations.

Welcome to the future. But don’t just take our word for it, watch out for a very special and exclusive video series on KTM digital channels to further breakdown the 2023 KTM SX range.

2023 KTM SX Collection highlights
// New, innovative and highly advanced generation of KTM SX motorcycles with unrivalled feeling and performance across 12 different models and the most complete collection from kids to Pro ass-kickers
// Brand new anti squat frame concept with redesigned and revitalized chassis setting and architecture. Even more centralization
// Ergonomics bringing the rider in closer contact with the bike to help the stability, agility and feel
// Lighter, more powerful engines and distinctive fuel injected 2-stroke motors
// Greater usability to make the motocross experience easier and more intuitive than ever before


5 – Harley-Davidson 2022 Investor Day Update: Hardwire Stage IIFrom Harley Davidson

Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE: HOG) will host its 2022 Investor Day at the Harley-Davidson Museum in Milwaukee, WI today.

“We have a clearly defined vision and strategy that we believe will capture profitable growth opportunities. Despite the macro challenges, we are already seeing the proof points of The Hardwire and, today, we are taking it to the next level,” said Jochen Zeitz, Chairman, CEO and President, Harley-Davidson. “In motorcycling, when you want to get more out of an engine, you upgrade it by adding a Stage II kit, that is what we are doing with our Hardwire strategy, tuning the engine of our business for improved acceleration and increased performance.”

2022 Outlook – Reaffirmed

For the full year 2022, the Company reaffirms its initial guidance and continues to expect:

  • HDMC revenue growth of 5 to 10%
  • HDMC operating income margin of 11 to 12%
  • HDFS operating income to decline by 20 to 25%
  • Capital investments of $190 million to $220 million

The “Hardwire Stage II” financial targets 2021-2025E include:

  • HDMC Revenue growth CAGR from 2021 to 2025E: +5% to +7%
  • HDMC Operating Margin: 15% by 2025
  • HDFS Operating Income growth CAGR from 2021 to 2025E:  -3% to -5%
  • HDFS Operating Income growth CAGR from 2022E to 2025E:  +3% to +5%

HDMC Revenue 2021-2025E guidance excludes LiveWire One branded motorcycles and includes HD branded Motorcycles, Parts & Accessories, Apparel & Licensing, and Experiences.

In addition, the “Hardwire Stage II” includes consolidated financial targets at Harley-Davidson, Inc. (HDI) for 2021-2025E:

  • Revenue CAGR for combined HDMC & LiveWire: +9% to +11%
  • Operating Margin for combined HDMC & LiveWire: 12% by 2025
  • Capital Expenditures for HDMC & LiveWire:  $250 – $300 million per year
  • Targeting $400 million of cost productivity for HDMC by 2025

Presentation Materials

Materials shared at this event, along with a recording of the presentation webcast, can be found after the meeting on Harley-Davidson’s Investor website at http://investor.harley-davidson.com/news-and-events/events-and-presentations.

Cautionary Note Regarding Forward-Looking Statements

This press release relates to the company’s strategic plan, The Hardwire, including Hardwire Stage II. The company intends that all statements in this press release concerning the company’s plan, including without limitation its plans, objectives and expectations, future financial and other results it seeks to attain, the new product introductions it contemplates, and its views of market opportunities and benefits and other matters resulting from the company’s strategy in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Without limitation, the 2021-2025 financial targets included in this press release are forward-looking statements.  These forward-looking statements are subject to certain risks and uncertainties that are likely to cause actual results to differ materially, unfavorably or favorably, from those anticipated as of the date of this press release (May 10, 2022). Certain of such risks and uncertainties are described below, and others are listed in Item 1A. Risk Factors, of the company’s Quarterly Report on Form 10-Q for the quarter ended March 27, 2022 as well as in Item 1A. Risk Factors of the company’s Annual Report on Form 10-K for the year ended December 31, 2021the company’s April 27, 2022 earnings press release. Shareholders, potential investors, and other readers should consider these factors in evaluating, and not place undue reliance on, the forward-looking statements. The forward-looking statements in this press release are made as of the date of this press release, and the company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

The company’s ability to meet the objectives, milestones, outlooks, targets, and goals noted in this press release depends upon, among other factors, the company’s ability to: (i) execute its business plans and strategies, including The Hardwire and Hardwire Stage II, including each of the pillars of the plan; (ii) the evolution of LiveWire as a standalone brand, including the proposed separation of LiveWire into a separate business of the company through the combination of LiveWire and AEA-Bridges Impact Corp. (“ABIC”) and realize the expected business benefits from the combination of LiveWire with ABIC (the “Business Combination”), which may be affected by, among other things: (1) the ability of LiveWire to: (a) execute its plans to develop, produce, market, and sell its electric vehicles; (b) achieve profitability, which is dependent on the successful development and commercial introduction and acceptance of its electric vehicles, and its services, which may not occur; (c) adequately control the costs of its operations as a new entrant into a new space; (d) develop, maintain, and strengthen its brand; (e) execute its plans to develop, produce, market, and sell its electric vehicles; and (f) effectively establish and maintain cooperation from its retail partners, largely drawn from the company’s traditional motorcycle dealer network, to be able to effectively establish or maintain relationships with customers for electric vehicles; (2) competition; and (3) other risks and uncertainties indicated from time to time in the final prospectus of ABIC, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by the company, LW EV Holdings, Inc. (HoldCo) or ABIC; (iii) manage supply chain and logistics issues, including quality issues, availability of semiconductor chip components and the ability to find alternative sources of those components in a timely manner, unexpected interruptions or price increases caused by supplier volatility, raw material shortages, war or other hostilities, including the conflict in Ukraine, or natural disasters, and longer shipping times and increased logistics costs, including by successfully implementing pricing surcharges; (iv) develop and introduce products, services and experiences on a timely basis that the market accepts, that enable the company to generate desired sales levels and that provide the desired financial returns, including successfully implementing and executing plans to strengthen and grow its leadership position in Grand American Touring, large Cruiser and Trike, grow its complementary businesses, including Parts & Accessories and Apparel & Licensing, and evolve as a global lifestyle brand; (v) manage and predict the impact that new, reinstated or adjusted tariffs may have on the company’s ability to sell products internationally, and the cost of raw materials and components, including the temporary lifting of the Section 232 steel and aluminum tariffs and incremental tariffs on motorcycles imported into the EU from the U.S., between U.S. and EU, which expires on December 31, 2023; (vi) successfully carry out its global manufacturing and assembly operations; (vii) continue to develop the capabilities of its distributors and dealers, effectively implement changes relating to its dealers and distribution methods and manage the risks that its dealers may have difficulty obtaining capital and managing through changing economic conditions and consumer demand; (viii) accurately analyze, predict, and react to market demand, changing market conditions and attributes of the population of motorcycle riders; and (ix) perform in a manner that enables the company to benefit from market opportunities while competing against existing and new competitors.

In particular:

  • The statements in this press release relating to the company’s strategic plan, The Hardwire and Hardwire Stage II, particularly the 2021-2025 financial targets and other potential results from the plan, generally represent only the company’s goals, aims, and objectives regarding the plan and potential results from the plan.
  • While many statements use language that might imply a level of certainty about the likelihood that the company will attain these goals, aims, and objectives, it is possible that the company will not attain them in the timeframe noted or at all.
  • By their nature, the risk and uncertainty associated with these goals, aims, and objectives are greater than that associated with near-term guidance, and should not be construed as guidance.

Therefore, investors should construe these statements regarding The Hardwire and Hardwire Stage II only as goals, aims, and objectives rather than promises of future performance or absolute statements.

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.


6 – Dealership group adds fifth location in stateFrom Powersports Business

The latest powersports dealership acquisition will allow the new owners to expand as part of their 50 years in the business, according to a Facebook post. With locations already in Rocky Mount, Greenville, New Bern, Tarboro, Twin County Motorsports & Marine / Big Rock Powersports & Marine announced that it has added a location in Elizabeth City.

READ THE ENTIRE POST HERE – https://powersportsbusiness.com/top-stories/2022/05/11/dealership-group-adds-fifth-location-in-state/


7 – First returning exhibitors sign up for Big East Powersports ShowFrom Powersports Business

Returning exhibitors are in signing mode for the 29th annual Big East Powersports Show, set for Sept. 30 – Oct. 2 at the New York State Fairgrounds – Exposition Center in Syracuse.

The first two companies to sign on as returning exhibitors are Stud Boy traction product and USI skis, both familiar brands to show attendees over the last nearly three decades. The displayer list has expanded to include Thunder Products Clutching, Oswego County and Woody’s Traction in recent days.

READ THE ENTIRE POST HERE – https://powersportsbusiness.com/top-stories/2022/05/10/first-returning-exhibitors-sign-up-for-big-east-powersports-show/


8 – RumbleOn Reports Record First Quarter 2022 Financial ResultsFrom RubleOn Inc

RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation’s first technology-based omnichannel powersports platform, today announced operational and financial results for the three months ended March 31, 2022. RumbleOn management is hosting an investor call to discuss the Company’s results today, May 10, 2022, at 7:30 am CT (8:30 am ET).

Management Commentary

Marshall Chesrown, RumbleOn’s Chief Executive Officer commented, “We are reimagining the customer experience, building the future of powersports, both online and in the showroom, and we’ve made great strides on our mission. We strengthened our omnichannel consumer offering, expanded our national footprint, and deepened our leadership position in powersports.”

“We entered 2022 with great momentum and a new regional management structure to support our vision — and our first quarter results demonstrate our strong execution. Not only are we capturing market share, we are doing so with gross margin expansion and robust cash generation,” continued Chesrown.

“We remain singularly focused on our North Star, providing customers an unparalleled choice of products and services, as well as an unmatched buying experience. We are confident that we are positioning RumbleOn for sustainable long-term growth and profitability,” concluded Chesrown.

First Quarter 2022 — Summary Financial Results
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.

Unless otherwise noted, all comparisons are on a sequential basis for the three months ended March 31, 2022, as compared to the three-months ended December 31, 2021.

(Unaudited)
$ in millionsThree Months EndedChange
Mar 31, 2022Dec 31, 2021Mar 31, 2021SequentialYear-over-Year
Total Unit Sales (#)19,38017,0373,50013.8%454%
Total Revenue1$459.9$430.3$104.36.9%341%
Gross Profit$105.2$90.1$11.216.8%839%
Gross Profit Margin22.9%20.9%10.7%200bps1,200bps
Net Income (Loss)$9.1$20.7$(4.5)(56.0)%nm
Adjusted EBITDA$31.4$24.3$0.029.2%nm
Revenue from Finance and Insurance (F&I) is being recognized on a net basis. F&I revenue for 3 months ended Dec 31, 2021 has been stated on a net basis for comparison purposes.nm = not meaningful

Total unit sales grew 13.8% to 19,380 units. Powersports segment made up approximately 86.5% of total unit sales in the first quarter and the automotive segment made up the remaining approximately 13.5%.

Total revenue grew 6.9% to $459.9 million, driven primarily by strength across the powersports segment, which was partially offset by a decline in revenue from the automotive segment. The powersports segment revenue made up approximately 73.2% of total revenue in the first quarter, the automotive segment made up approximately 24.1%, and the vehicle logistics segment made up approximately 2.7%.

Gross profit grew 16.8% to $105.2 million and gross profit margin was 22.9%, up from 20.9% in the prior quarter. Increases were driven by strength across the powersports segment and partially offset by the automotive and vehicle logistics segments, which made up approximately 3.4% and 2.4% of gross profit in the first quarter, respectively.

Operating expenses were $82.6 million, or 17.9% of revenue, compared to $74.2 million or 17.2% of revenue in the prior quarter. Total stock-based compensation was $1.9 million down from $2.1 million.

Net income was $9.1 million or 2.0% of revenue, as compared to $20.7 million or 4.8% of revenue in the prior quarter. As a reminder, net income included a one-time tax benefit of approximately $11 million in the fourth quarter of 2021.

Adjusted EBITDA was $31.4 million, up 29.2% from $24.3 million in the prior quarter.

Cash and cash equivalents as of March 31, 2022, including restricted cash, was approximately $68.9 million. Total debt was $380.0 million and net debt, defined as total debt less cash and cash equivalents, including restricted cash, was $311.1 million. Availability under our floor plan credit facilities, defined as the aggregate amount of floor plan credit facilities less the aggregate amount of borrowings against the floor plan credit facilities, totaled $132.3 million. Total available liquidity, defined as cash and cash equivalents, including restricted cash, plus availability under our floor plan credit facilities, totaled $201.2 million.

Cash flow from operating activities was $31.3 million, compared to $(2.4) million in the prior quarter.

Weighted average basic shares of Class B common stock outstanding were 15,693,900 and weighted average fully diluted shares of Class B common stock outstanding were 15,718,441. As of March 31, 2022, RumbleOn had 16,381,443 total shares of Class B common stock outstanding.

Full Year 2022 — Financial Outlook

Narinder Sahai, RumbleOn’s Chief Financial Officer commented, “We are seeing continued strength with a robust demand for Powersports units. We are very excited by the opportunities ahead and believe we have the strategy in place to continue to deliver revenue growth and profitability, with strong unit economics and robust cash generation.”

RumbleOn anticipates that used unit purchasing levels and sales will continue to grow as it acquires more powersports units directly from consumers and directs this inventory to its retail locations. As such, the Company continues to expect in excess of 50% year-over-year growth in Used Retail Powersports Unit Sales on a full year basis. In regards to New Retail Powersports Unit Sales, RumbleOn now expects full year 2022 levels will be flat to slightly down on a comparable basis with the prior year, due to ongoing manufacturer supply chain constraints.

RumbleOn is reiterating its outlook for the full year 2022:

  • Total revenue within the range of $1.9 to $2.0 billion.
  • Adjusted EBITDA of at least $145 million which includes up to $20 million of incremental operating and capital investments in key strategic areas .

First Quarter 2022 — Segment Results

Unless otherwise noted, all comparisons are on a sequential basis for the three months ended March 31, 2022, as compared to the three-months ended December 31, 2021.

Powersports Segment
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.

(Unaudited)
$ in millions except per unitThree Months EndedChange
Mar 31, 2022Dec 31, 2021Mar 31, 2021SequentialYear-over-Year
Unit Sales (#)
New9,6778,07019.9%nm
Used 17,0805,4081,00630.9%604%
Total Powersports Unit Sales16,75713,4781,00624.3%1,566%
Revenue
New$162.2$126.7$—28.0%nm
Used 1$92.4$75.3$10.522.7%780%
Finance & Insurance, net 2$27.5$22.1$0.324.4%nm
Parts, Services, and Accessories$54.7$50.9$—7.5%nm
Total Powersports Revenue$336.8$275.0$10.822.5%3,019%
Gross Profit
New$31.2$25.1$—24.3%nm
Used 1$15.2$9.2$2.765.2%463%
Finance & Insurance, net 2$27.5$22.1$0.324.4%nm
Parts, Services, and Accessories$25.3$23.0$0.010.0%nm
Total Powersports Gross Profit$99.2$79.4$3.024.9%3,207%
Powersports GPU 3$4,681$4,577$—2.3%nm
Used powersports includes both retail and wholesale powersports.Revenue from Finance and Insurance is being recognized on a net basis. Historical financial results have been revised to conform with the net revenue recognition. The revenue impact in the fourth quarter of 2021 was approximately $10.6 million.Powersports GPU represents powersports gross profit per retail vehicle. “Powersports GPU” is the gross profit attributable to powersports vehicles sold, inclusive of finance & insurance, net, divided by retail powersports units sold.nm = not meaningful

Used Powersports Units, which includes used retail and wholesale powersports units, grew 30.9% sequentially. RumbleOn continued to benefit from strength in acquiring used powersports units from consumers, significant expansion of its retail locations, and a strong demand environment. As such, RumbleOn placed more used powersports inventory in its retail locations, which drove an increase in used retail unit sales, offset by a decline in wholesale unit sales.

  • Used Retail Powersports Units grew approximately 43.1%. Revenue from Used Retail Powersports Units increased 30.9% and gross profit from Used Retail Powersports Units increased 79.8% sequentially.
  • Used Wholesale Powersports units, revenue, and gross profit were down 14.5%, 36.8%, and 52.9%, respectively, driven by the Company’s decision to sell more units through its higher margin retail channel.

New Powersports Unit Sales growth was driven by a strong demand environment and breadth of inventory available. Excluding the contribution from its acquisition of Freedom Powersports, which closed on Friday, February 18, 2022, New Retail Powersports Unit Sales would have been up 5%. RumbleOn expects New Retail Powersports Unit Sales to moderate due to ongoing manufacturer supply chain constraints.

Powersports GPU was $4,681, as compared to $4,577 in the prior quarter. Powersports GPU is the gross profit attributable to Powersports vehicles sold, inclusive of Finance & Insurance, net, divided by Retail Powersports Units sold. Note that Powersports GPU excludes gross profit from Parts, Services, and Accessories.

Automotive Segment

(Unaudited)
$ in millionsThree Months EndedChange
Mar 31, 2022Dec 31, 2021Mar 31, 2021SequentialYear-over-Year
Automotive Unit Sales (#)2,6233,5592,494(26.3)%5.2%
Automotive Revenue$110.7$144.2$84.1(23.2)%31.6%
Automotive Gross Profit$3.4$7.8$6.2(56.4)%(45.2)%

Revenue from the automotive segment declined 23.2% sequentially, primarily driven by a 26.3% decline in automotive unit sales, which was offset slightly by a 4.2% increase in revenue per automotive unit sold in the quarter. Automotive gross profit was down due to a decrease in gross profit per vehicle, which was largely driven by a challenging quarter-over-quarter comparison due to outsized strength in the fourth quarter.

Vehicle Logistics Segment

(Unaudited)
$ in millionsThree Months EndedChange
Mar 31, 2022Dec 31, 2021Mar 31, 2021SequentialYear-over-Year
Vehicles Transported (#)21,83121,84718,907(0.1)%15.5%
Vehicle Logistics Revenue$13.6$12.7$10.07.1%36.0%
Vehicle Logistics Gross Profit$2.6$2.8$2.0(7.1)%30.0%

Vehicle logistics revenue was up 7.1% sequentially, driven by increased revenue per vehicle transported which reached $624.0 in the first quarter. Gross profit for this segment was up year-over-year, but down sequentially, driven primarily by higher gasoline prices and operational costs in the quarter.

Conference Call Details

RumbleOn’s management will host a conference call to discuss its operational and financial results, and provide a detailed outlook on May 10, 2022 at 8:30 a.m. Eastern Time. A live and archived webcast can be accessed from RumbleOn’s Investor Relations website. To access the conference call telephonically, callers may dial 1-877-407-9716 (or 1-201-493-6779 for callers outside of the United States) and enter conference ID 13728934.


9 – POWERSPORTS DEALERSHIP SCHOLARSHIP PRESENTED BY BLACKPURLFrom Motorcycle & Powersports News

Blackpurl has introduced the Powersports Dealership Scholarship Presented by Blackpurl. The scholarship program is open to students who are currently enrolled in or have been accepted to an accredited college or university; are an employee or the child of an employee of a powersports dealership; and are living in the U.S., Canada, Australia or New Zealand.

Blackpurl wants to support the powersports industry by helping the next generation of leaders with their education. Two $1,000 scholarships will be awarded for the 2022-2023 academic school year. To apply visit blackpurl.com/powersports-scholarship/ and submit a 600-word essay answering the question, “In eight years, how will technology shape the modern-day powersports dealership? The application process is now open online and will close on July 1, 2022.

“We are excited to offer this scholarship and support the youth of the powersports industry. We believe in the potential of the next generation and want to help them reach their goals. We look forward to reviewing their essays and reading their insights about this amazing industry,” said Seth Nagle, head of growth at Blackpurl.

“The powersports industry is something special. If we can help support the next generation of enthusiasts, dealers and entrepreneurs, that’s what it’s all about. This is our first year offering the scholarship program and certainly won’t be our last,” said Mike Wyrzykowski, CEO of Blackpurl.

To learn more or apply, visit blackpurl.com/powersports-scholarship/.


10 – Vista Outdoor Announces Plan to Separate its Outdoor Products and Sporting Products Segments Into Two Independent, Publicly-Traded CompaniesFrom Vista Outdoor

Vista Outdoor Inc. (“Vista”, the “Company” or “we”) (NYSE: VSTO) today announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies. The Company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders. Following the separation, the Company’s Outdoor Products segment will be an industry-leading platform of outdoor brands including CamelBak, Bell, Giro, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Stone Glacier and QuietKat. As an independent company, Sporting Products will continue to focus on ammunition categories through its renowned brands including Federal, Remington, CCI, Speer, Estate Cartridge and HEVI-Shot.

Compelling Strategic Benefits

The separation is expected to create a number of compelling benefits, including:

  • Enhanced strategic focus with supporting resources: Enhanced strategic focus with resources to support each company’s specific operational needs and growth drivers.
  • Tailored capital allocation priorities: Tailored capital allocation philosophies that are better suited to support each company’s distinctive business model and long-term goals.
  • Strengthened ability to attract and retain top talent: Enhanced ability to attract and retain top talent that is ideally suited to execute each company’s strategic and operational objectives.
  • Compelling value for shareholders: Differentiated and compelling investment opportunity based on each company’s particular business model. Vista Outdoor anticipates that, as separate, independent companies, Outdoor Products and Sporting Products will each be better positioned to be more appropriately valued by the market.
  • Expanded strategic opportunities: Improved focus will allow Outdoor Products to further cement its reputation as the acquirer of choice through continued M&A in the outdoor recreation products marketplace and enable Sporting Products to secure attractive partnerships with other manufacturers.

“Over the past few years, we’ve made significant progress executing on our strategy to grow our leading portfolio of brands, driving operational efficiencies and delivering value to our shareholders,” said Chris Metz, Chief Executive Officer of Vista Outdoor. “As a result of our efforts, we have built strong businesses that are well-positioned for continued growth and success as independent companies. As a result of the separation, our Outdoor Products and Sporting Products businesses will have resources, management teams and capital allocation priorities tailored to their respective strategic goals. We are confident that this increased focus will better allow each company to deliver long-term value for its shareholders, employees, customers and other stakeholders. The Centers of Excellence we have built will reside within the Outdoor Products business and continue to provide meaningful industry differentiation.”

“Following a thorough assessment of Vista Outdoor’s businesses, operations and value creation opportunities, the Board determined that a spin-off of its Outdoor Products business would unlock significant value,” said Michael Callahan, Chairman of the Board of Directors. “We are committed to working together through this transformative process to ensure that each company is optimized with the right teams and resources in place so that it can continue to deliver innovative, quality products that enhance outdoor experiences and create value for its shareholders.”

Outdoor Products to Expand its Industry-Leading, Diversified Platform of Iconic Outdoor Brands

Following the separation, Outdoor Products (to be renamed at a later date) will be an industry-leading, diversified platform of iconic outdoor brands, including CamelBak, Bell, Giro, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Stone Glacier and QuietKat, among others. With its portfolio of brands, deep customer relationships, operational expertise and shared financial resources, Outdoor Products will immediately be a leading provider of products for outdoor enthusiasts around the globe. Outdoor Products will serve consumers in a diverse and fast-growing set of categories, representing an estimated $30 billion domestic market in its core and immediately adjacent end markets, with an estimated total global addressable market in excess of $100 billion. Outdoor Products will be led by a dedicated management team that will be better positioned to focus on capturing value in distribution channels, supply chain management and logistics. Outdoor Products’ capital allocation strategy will prioritize growth through the strategic acquisition of complementary outdoor businesses, as well as reinvestment in organic growth through new product development, marketing and expanded e-commerce and international sales.

Outdoor Products will be led by Chris Metz as Chief Executive Officer and Sudhanshu Priyadarshi as Chief Financial Officer following completion of the separation. The other members of the Outdoor Products leadership team will be announced at a later date. Outdoor Products will be headquartered in Bozeman, Montana.

Sporting Products to Continue as the World’s Leading Manufacturer of Ammunition

Following the spin-off, Sporting Products (to be renamed at a later date) will continue to be the world’s leading manufacturer of ammunition. Its brands, which include Federal, Remington, CCI, Speer, Estate Cartridge and HEVI-Shot, are beloved by hunters, recreational shooters and law enforcement around the world.  Sporting Products will continue to drive growth, operational efficiencies and cash flow by leveraging its unmatched operational expertise, scale, and customer relationships. Sporting Products’ capital allocation strategy will prioritize using its strong cash flow for returning capital to shareholders. With its leading portfolio of ammunition brands and four domestic manufacturing facilities, Sporting Products will be well-positioned to continue meeting increased demand from its growing and increasingly diverse consumer base and greater hunting participation.

Jason Vanderbrink, who is currently President of Sporting Products, will be appointed Chief Executive Officer following completion of the separation. The other members of the Sporting Products leadership team will be announced at a later date. Sporting Products will continue to be headquartered in Anoka, Minnesota.

Details of the Spin-Off

Vista Outdoor anticipates that the transaction will be in the form of a distribution to its shareholders of 100% of the stock of Outdoor Products, which will become a new, independent publicly traded company. The distribution is intended to be tax-free to U.S. shareholders for U.S. federal income tax purposes.

Vista Outdoor currently expects the transaction will be completed in calendar year 2023, subject to final approval by the Company’s Board of Directors, a Form 10 registration statement being declared effective by the U.S. Securities and Exchange Commission, regulatory approvals and satisfaction of other conditions. There can be no assurance regarding the ultimate timing of the proposed transaction or that the transaction will be completed.  

Advisors

Morgan Stanley & Co. LLC is acting as sole financial advisor and Cravath, Swaine & Moore LLP is acting as legal advisor to the Company.

Conference Call and Webcast Information

Vista Outdoor separately reported its fourth quarter and fiscal year 2022 financial results. The Company has posted an investor presentation to its website and will host a conference call at 9:00 am ET to discuss the results and today’s announcement.

The conference call will be accessible through live webcast. Interested investors and other individuals can access the webcast and view and/or download the press releases via Vista Outdoor’s website (www.vistaoutdoor.com). Choose “Investors” then “Events and Presentations”. For those who cannot participate in the live webcast, a telephone recording of the conference call will be available until June 2, 2022. The telephone number is 1-866-813-9403, and the confirmation code is 652135.

Forward Looking Statements

Certain statements in this press release and other oral and written statements made by Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) from time to time are forward-looking statements, including those that discuss, among other things: Vista Outdoor’s intent to separate our Outdoor Products and Sporting Products segments and Vista Outdoor’s preliminary strategic, operational and financial considerations related thereto; Vista Outdoor’s plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘aim’, ‘should’ and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause Vista Outdoor’s actual results to differ materially from expectations described in such forward-looking statements, including the following: risks related to the separation of our Outdoor Products and Sporting Products segments, including that the process of exploring the transaction and potentially completing the transaction could disrupt or adversely affect the consolidated or separate businesses, results of operations and financial condition, that the transaction may not achieve some or all of any anticipated benefits with respect to either business and that the transaction may not be completed in accordance with our expected plans or anticipated timelines, or at all; impacts from the COVID-19 pandemic on Vista Outdoor’s operations, the operations of our customers and suppliers and general economic conditions; general economic and business conditions in the United States and Vista Outdoor’s other markets outside the United States, including conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers; Vista Outdoor’s ability to attract and retain key personnel and maintain and grow its relationships with customers, suppliers and other business partners, including Vista Outdoor’s ability to obtain acceptable third party licenses; Vista Outdoor’s ability to adapt its products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; Vista Outdoor’s ability to maintain and enhance brand recognition and reputation; others’ use of social media to disseminate negative commentary about us and boycotts; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories or other outdoor sports and recreation products; risks associated with Vista Outdoor’s sales to significant retail customers, including unexpected cancellations, delays and other changes to purchase orders; supplier capacity constraints, production disruptions or quality or price issues affecting Vista Outdoor’s operating costs; Vista Outdoor’s competitive environment; risks associated with diversification into new international and commercial markets including regulatory compliance; changes in the current tariff structures; the supply, availability and costs of raw materials and components; increases in commodity, energy and production costs; changes in laws, rules and regulations relating to Vista Outdoor’s business, such as federal and state ammunition regulations; Vista Outdoor’s ability to realize expected benefits from acquisitions and integrate acquired businesses; Vista Outdoor’s ability to execute our strategic transformation plan, including our ability to realize expected benefits from the successful divestiture of non-core brands and profitability improvement initiatives; Vista Outdoor’s ability to take advantage of growth opportunities in international and commercial markets; foreign currency exchange rates and fluctuations in those rates; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury and environmental remediation; risks associated with cybersecurity and other industrial and physical security threats; capital market volatility and the availability of financing; changes to accounting standards or policies; and changes in tax rules or pronouncements. You are cautioned not to place undue reliance on any forward-looking statements we make. Vista Outdoor undertakes no obligation to update any forward-looking statements except as otherwise required by law. For further information on factors that could impact Vista Outdoor, and statements contained herein, please refer to Vista Outdoor’s filings with the U.S. Securities and Exchange Commission.

About Vista Outdoor

Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. We serve a broad and diverse range of consumers around the globe, including outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Our reporting segments, Outdoor Products and Sporting Products, provide these consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. Our operating model leverages shared resources across brands to achieve levels of excellence and performance that would be out of reach for any one brand on its own. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit our website at www.vistaoutdoor.com


11 – Q&A: Behind the Scenes of INTERMOT 2022From Motorcycle & Powersports News

In just over five months, the doors will finally open again for INTERMOT, the International Motorcycle and Scooter Fair held in Cologne, Germany. From Oct. 4-9, 2022, the latest motorcycles, e-bikes, scooters and e-scooters, as well as the most important developments in electric mobility, parts, accessories, clothing, travel and touring, heritage, customizing and workshop equipment, will be showcased on the Kölnmesse exhibition grounds. Alexander Wolff, who has been the director responsible for INTERMOT at Kölnmesse for a little over nine months now, and his team are now in the critical phase in which all the measures put in place are being finalized.

READ THE ENTIRE ARTICLE HERE – https://www.motorcyclepowersportsnews.com/qa-behind-the-scenes-of-intermot-2022/


12 – Ride With Us Moto Intros Planned for All 2022 Overland ExposFrom MIC Events

Building on the first-year success of the Motorcycle Industry Council’s Ride With Us market expansion program, the MIC is bringing Ride With Us Moto Intros to the West, Mountain West, Pacific Northwest, and East Overland Expo shows.

“We had an overwhelmingly positive response last year to our Ride With Us initiative and we are looking to bring the Moto Intro experience to even more people this year,” said Cinnamon Kernes, vice president of market expansion, MIC. “There is nothing quite like experiencing your first dirt bike and our Moto Intro coaches help create a fun, pressure-free environment, giving everyone the opportunity to try.”

Moto Intro is for those who have never ridden a motorcycle or scooter before. Motorcycle Safety Foundation-certified coaches guide new riders through basic motorcycle controls and their first ride experience. This activation will be a part of Overland Expos this summer and fall, including:

Flagstaff, Arizona: May 20-22 (Overland Expo West)
Redmond, Oregon: July 8-10 (Overland Expo Pacific Northwest)
Loveland, Colorado: August 26-28 (Overland Expo Mountain West)
Arrington, Virginia: October 7-9 (Overland Expo East)

“The Ride With Us Program is a great fit for Overlanders. MIC provides all the gear, bikes, and coaches, giving our attendees yet another way to experience an adventure,” said Eva Rupert, Motorcycle Community Coordinator for Overland Expo. “Our events focus on education and preparing people for their travels. These Moto Intros, which give our attendees their first dirt bike ride and help them explore the possibilities on two wheels, are perfect for our audience.”

The Ride With Us Moto Intro experience will be free to Overland Expo attendees, tickets are available at Overland Expo® — The World’s Premier Event Series for Adventure Travel Enthusiasts. Participants must be 18 years of age or older, or 16 years old with parental permission, with a current, valid driver’s license. Participants should also be able to ride a bicycle.

The rider journey continues online at RideWithUs.com with information and resources on next steps and specifics on rider education and training, including the Motorcycle Safety Foundation Basic RiderCourse, the licensing course offered in 46 states and throughout the U.S. military.

ABOUT THE MOTORCYCLE INDUSTRY COUNCIL

The Motorcycle Industry Council, under its marquee market expansion brand, Ride With Us, is working to introduce everyone to the incomparable thrill of riding a motorcycle. The MIC is a not-for-profit trade association representing motorcycle manufacturers, distributors, aftermarket companies, dealers, retailers, and a variety of related organizations providing vital support to the powersports industry.  The MIC advocates for fair policy and regulatory environments, works to deliver valuable data to the industry, and strives to bring the joy of riding to everyone, everywhere.

Established in 1914, the MIC is headquartered in Irvine, Calif., with a government relations office in metropolitan Washington, D.C. Keep up with the industry association on Twitter @followMIC, online at MIC.org, and through the weekly MIC RideReport.

About Overland Expo 

Founded in 2009, Overland Expo is the world’s premier event series for do-it-yourself adventure travel enthusiasts. Hundreds of vendors of adventure travel equipment, camping gear, bikes, vehicles, and services convene at every Overland Expo event. Each Expo hosts hundreds of session-hours of classes, including for off-road driving techniques, adventure motorcycling, inspirational programs, roundtable discussions, demonstrations, as well as the Overland Film Festival.


This Week in Powersports Business – The week of May 1, 2022

This Week in Powersports Business – The week of May 1, 2022

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


1 – May is Motorcycle Safety Awareness Month

The American Motorcyclist Association reminds motorists throughout the nation that May is Motorcycle Safety Awareness Month.

“For almost 40 years, the AMA has promoted motorcycle awareness in May because, as the weather warms in large parts of the country, riders take to the road in increasing numbers to enjoy the thrill of riding,” said AMA President and CEO Rob Dingman.

“Since the beginning of the COVID-19 pandemic we have seen the roads become more dangerous for all users,” Dingman added. “That is why it is incredibly important for drivers to remain attentive and alert to the presence of motorcycles on city, urban and rural streets and highways.”

The AMA urges motorists to be steadfast in their awareness of conditions around them, maintain a safe distance when following motorcycles, check their mirrors and blind spots before changing lanes, and pay particular attention when making left turns across traffic.

“The safety of motorcyclists is the AMA’s top priority and, increasingly, distracted driving and over-reliance on driver-assistance technology are worrisome. That, combined with rising fatality statistics for road users across the board, is creating an unsettling trend that requires extra vigilance while driving,” Dingman said.

Each year, the AMA tracks bills in state legislatures across the country that address the issue of distracted driving. Examples of activities that take the driver’s focus off driving include talking or texting, eating and drinking, and adjusting entertainment or navigation system controls, etc.

Driver-assistance technologies are appearing on many new cars and SUVs, including adaptive cruise control, automated braking and lane-keeping assist. While these technologies promise to reduce crashes, they are still in their infancy and drivers must not rely on these systems.

The AMA is also pleased to see lane-filtering legislation gaining traction in parts of the country as a commonsense safety measure to protect motorcyclists. Lane filtering reduces the chance of motorcyclists being rear-ended by allowing them to filter through congested traffic at safe speeds. Utah recently extended its lane filtering legislation for an additional five years, while Arizona passed legislation to legalize lane filtering that will go into effect this fall.

“Getting lane-filtering legislation passed starts at the grass roots level,” said AMA On-Highway Government Relations Manager Tiffany Cipoletti. “We are seeing more elected officials warming up to lane filtering and we are eager to help more motorcyclists engage their state legislatures on this issue.”

Launched by the AMA in the early 1980s, Motorcycle Safety Awareness Month and its message have been adopted by many AMA-sanctioned clubs, state motorcycle-rights organizations, the motorcycle industry and government entities.

Stay tuned to AmericanMotorcyclist.com and the AMA’s social media channels throughout the month of May for more information and tips surrounding motorcycle safety and awareness.

About the American Motorcyclist Association

Founded in 1924, the AMA is a not-for-profit member-based association whose mission is to promote the motorcycle lifestyle and protect the future of motorcycling. As the world’s largest motorcycling rights and event sanctioning organization, the AMA advocates for riders’ interests at all levels of government and sanctions thousands of competition and recreational events every year. Besides offering members money-saving discounts on products and services, the AMA also publishes American Motorcyclist, a recently revitalized and monthly full-color magazine (and digital version of same) that covers current events and motorcycle history with brilliant photography and compelling writing. American Motorcyclist is also North America’s largest-circulation magazine. Through the AMA Motorcycle Hall of Fame in Pickerington, Ohio, the AMA honors the heroes and heritage of motorcycling. For more information, visit americanmotorcyclist.com.

Not a member? Join the AMA today: americanmotorcyclist.com.


2 – John Deere unveils 2022 ‘Own It’ low monthly payment program

John Deere has announced its 2022 “Own It” Low Monthly Payment program, empowering customers to expand their fleets and become equipment owners. – From Powersports Business

READ THE ENTIRE ARTICLE HERE https://powersportsbusiness.com/top-stories/2022/05/02/john-deere-unveils-2022-own-it-low-monthly-payment-program/


3 – Parts Unlimited continues $250K Racer Rewards Program for 2022 at 125 eventsFrom Parts Unlimited

The gates have dropped for the 2022 racing season and Parts Unlimited announced its support of amateur riders and its dedicated dealer network at over 125 race events nationwide.

Parts Unlimited is continuing its longstanding support at all levels of the industry, announcing its commitment of over $250,000 dedicated to their We Support the Sport Racer Rewards Program for the 2022 racing season.

Now in its third year, the 2022 program is shaping up to be the best-ever for rider participation. Each year, the number of entries has grown and even includes riders’ family members getting in on the racing action and program.

“This Racer Rewards Program has proven to support and strengthen the relationship between the amateur racing community and their local dealers,” said Jeff Derge, VP of Sales for Parts Unlimited’s parent company, LeMans Corporation. “It’s a win-win for everyone in the industry!”


4 – Kawasaki Announces 2023 Motorcycle Models Including the Updated KX™250 and KX™250X Motorcycles From Kawasaki

2023 KAWASAKI KLX® MODEL RANGE

GET OUT AND PLAY

The Kawasaki KLX® off-road lineup brings fun to novice and experienced riders alike and is widely popular for its easy-to-ride character, incredible capabilities while on trails and low maintenance needs. For 2023, Kawasaki welcomes the return of its KLX®300R, KLX®230R, KLX®230R S, KLX®140R, KLX®140R L, KLX®140R F, KLX®110R, and KLX®110R L models that are built to suit a wide variety of riders.

KAWASAKI KLX®300R

The KLX®300R off-road motorcycle bridges the gap between a weekend play bike and a full race bike. As the flagship of the KLX® lineup, the KLX300R combines the best of both engine and chassis performance to create the ultimate lightweight, fun off-road machine. The powerful 292cc fuel-injected, liquid-cooled four-stroke engine features an electric starter and keyless ignition. It has a user-friendly smooth-shifting six-speed transmission and manual clutch. The KLX300R comes equipped with full-size off-road wheels and tires, using a 21” front and 18” rear, and long-travel suspension for optimal ground clearance.

KAWASAKI KLX®230R & KLX®230R S

The KLX®230R off-road motorcycle is available in two model variations and has been purpose-built for serious fun in the dirt; with priority placed on both its engine and frame design. It was designed and built to be a lightweight and easily maneuverable motorcycle for a broad range of riders. A powerful 233cc fuel-injected, air-cooled four-stroke engine utilizes an electric starter and keyless ignition, and has been paired with a reliable, easy-to-use smooth-shifting six-speed transmission and manual clutch. The KLX230R comes equipped with full-size off-road wheels and tires, using a 21” front and 18” rear, and long travel suspension for optimal ground clearance. The shorter KLX®230R S off-road motorcycle is ideal for riders who prioritize a lower seat height and ample ground clearance while offering a full-size recreational trail bike option. The KLX230R S features modified front and rear suspension that lowers overall seat height by one inch from the KLX230R.

KAWASAKI KLX®140R, KLX®140R L & KLX®140R F

The KLX®140R motorcycle is available in three model variations and is designed to provide an off-road experience with memories to last a lifetime. The powerful 144cc, four-stroke, air-cooled, single-cylinder engine features an electric starter and keyless ignition. Its broad and smooth high-revving 144cc engine utilizes a manual clutch and five-speed transmission to offer an efficient and user-friendly feel. The KLX140R uses a 17” front and 14” rear wheel, while the mid-sized KLX®140R L motorcycle is equipped with 19” front and 16” rear wheels to accommodate taller riders, providing extra ground clearance. The KLX®140R F comes equipped with full-size off-road wheels and tires, using a 21” front and 18” rear.

KAWASAKI KLX®110R & KLX®110R L

The KLX®110R is available in two model variations and is a great motorcycle for new riders looking to experience off-road for the first time. A high-tensile steel frame, 30mm telescopic fork, and single rear shock provide easy handling and maximum longevity. It also incorporates an automatic centrifugal clutch system that allows easy take off and shifting through the gears, helping the rider maintain focus on the terrain and to make the most of the 112cc single-cylinder, four-stroke engine. The larger KLX®110R L motorcycle has a taller seat height (28.7” compared to 26.8” for the KLX110R), longer suspension travel, an extra 1.9” of ground clearance and a four-speed transmission with a manual clutch. No matter your size or skill level, there is a KLX model motorcycle to allow you to get out and play with Kawasaki.

2023 Model Variations

Kawasaki KLX®300R Color: Lime Green MSRP: $5,899 Availability: NowKawasaki KLX®230R Color: Lime Green MSRP: $4,749 Availability: Now  
Kawasaki KLX®230R S Color: Lime Green MSRP: $4,749 Availability: Now  Kawasaki KLX®140R L Color: Lime Green MSRP: $3,749 Availability: Now  
Kawasaki KLX®140R F Color: Lime Green MSRP: $4,049 Availability: Now  Kawasaki KLX®140R Color: Lime Green MSRP: $3,449 Availability: Now  
  
Kawasaki KLX®110R L Color: Lime Green MSRP: $2,849 Availability: Now    Kawasaki KLX®110R Color: Lime Green MSRP: $2,649 Availability: Now  

2023 KAWASAKI KX™ MOTOCROSS AND OFF-ROAD MOTORCYCLE LINEUP

The Bike That Builds Champions

The Kawasaki KX™ motocross and off-road motorcycle range returns stronger than ever for 2023 with its championship-winning packages.

Leading the way as the flagship model in the Kawasaki KX range is the KX™450 with a powerful 449cc engine, electric start, Showa A-KIT technology suspension, and a coned disc-spring hydraulic clutch that have proven to capture awards, accolades, and race wins.

Joining the KX450 is its KX™450X cross-country counterpart that has been purposely tuned for off-road competition. Developed to dominate off-road racecourses in both the woods and the desert, the cross-country KX lineup offers riders the required components for off-road competition straight from Kawasaki along with the dominant engine and chassis performance found on the KX450.

Kawasaki’s mini motocross lineup consisting of the KX™112, KX™85, and KX™65 returns for 2023 and is ingrained with a long list of successes that have stemmed from building champions from the start. The KX112 supermini racer bridges the gap to full-size motocross bikes and boasts a powerful 112cc displacement engine, the largest in its class. It’s joined by the KX85, which shares much of the same technology found on the KX112. The KX65 returns as the most compact bike in the Kawasaki KX lineup and the starting point for aspiring champions.

The Kawasaki Team Green™ racing team has been the dominant force in amateur racing for nearly four decades, providing contingency and an unmatched level of trackside support to racers across the nation. Under the Team Green racing program, a trackside support system consisting of local, regional, and amateur motocross and off-road events across the country has been put in place. There, Kawasaki technicians and race transporters can be found providing critical parts and technical assistance to all riders. Kawasaki’s efforts, matched with the input from aspiring young stars, have produced winning products across its lineup.

KAWASAKI KX™450

As the flagship model in the Kawasaki KX lineup, the 2023 Kawasaki KX450 is built with race-winning components to help get Kawasaki riders to the top step of the podium. Tuned to best suit race-experienced riders, the 449cc liquid-cooled, four-stroke engine boasts an abundance of power along with a slim aluminum perimeter frame, Showa A-KIT technology suspension, coned disc-spring hydraulic clutch, and electric start to deliver the ultimate championship-winning package.

The 449cc lightweight engine package utilizes input derived directly from the Monster Energy® Kawasaki race team, producing peak power and a torque curve that makes it easy to get on the gas early. The potent KX450 engine features an electric start activated by the push of a button and powered by a compact Li-ion battery. A lightweight finger-follower valve actuation design comes by way of Kawasaki’s top-level road racing technology and World Superbike engineers, enabling larger-diameter valves and more aggressive cam profiles. A close-ratio five-speed transmission is paired with a high-capacity coned disc-spring hydraulic clutch that helps facilitate control and provide a consistent feeling even under heavy use.

A slim aluminum perimeter frame provides precise cornering through excellent front-end feel and agility when riding at high speeds. The frame’s lightweight construction is composed of forged, extruded, and cast parts, while the engine is used as a stressed member and adds to the frame’s rigidity balance. Engineers carefully selected the dimension of the swingarm pivot, output sprocket and rear axle locations to focus on the center of gravity and balanced handling.

High-performance 49mm coil spring front forks with A-KIT technology can be found up front, featuring large diameter inner tubes that are the same size as those found on the machines of Kawasaki’s factory racing team. The forks enable the use of large damping pistons for smooth action and firm damping. In the rear, a new Uni-Trak® linkage system is connected to the Showa Compact Design rear shock that boasts A-KIT technology with large diameter compression adjusters.

An oversized 270mm, petal-shaped front brake rotor from the renowned manufacturer, Braking®, is fitted to perfectly complement the powerful engine of the KX450. The rear is equipped with a 250 mm petal-shaped Braking rotor coinciding with the large front disc.

Kawasaki continues its unmatched commitment towards providing riders with class-leading ERGO-FIT® comfort thanks to its adjustable handlebar mounting system and footpegs to fit a variety of riders and riding styles. The factory-style 1-1/8” Renthal® Fatbar® handlebars feature four-way adjustable mounts with 35mm of adjustability to suit different sized riders. The footpegs feature dual-position mounting points, with a lower position that reduces the standard setting by an additional 5 mm, reducing the knee angle when taller riders are seated.

Complementing the championship-proven technology, the 2023 KX450 maintains its aggressive styling along with in-mold graphics on the radiator shrouds that result in an ultra-smooth surface and racy look needed to finish at the top of its class. The sleek bodywork has been molded to match the V-mounted radiators and narrow chassis design, helping facilitate rider movement and making it easy to slide back and forth.

KAWASAKI KX450

Color: Lime Green

MSRP: $9,599

Availability: Now

KAWASAKI KX™450X

The 2023 KX450X is an off-road cross-country competition model that features the same championship-proven technology found on KX race machines and has been purposely tuned for off-road competition. Kawasaki’s rich history in off-road racing consists of more than 25 championships in WORCS, National Hare & Hound, GNCC, and Endurocross over the past 20 years.

The KX450X shares many winning traits with its KX450 counterpart including the engine, frame, chassis, and styling. That successful base is paired with unique cross-country tuning and settings such as softer suspension settings, shorter gearing, off-road 21”/18” wheel combination, Dunlop Geomax AT81 tires, brake components, skid plate, and kickstand. The softer suspension settings and shorter gear ratio help create the optimal handling package for the race-ready off-road KX lineup.

KAWASAKI KX450X

Color: Lime Green

MSRP: $9,799

Availability: Now

KAWASAKI KX™112

The 2023 KX112 was completely revised in 2022 and offers race-winning potential in a highly competitive class, boasting a strong low-end torque that riders can take advantage of to feel faster everywhere on the track.

The two-stroke, single cylinder KX112 features a bore and stroke of 52.5 x 51.6 mm. The engine paired with the powervalve system delivers strong low-end torque that translates to holeshot performance out of the starting gate and a stronger drive when exiting corners. Intake and exhaust port timing contribute to the KX112’s strong low rpm torque, while its piston profile delivers durability and contact surface for the piston ring helps the initial bedding-in performance. The carburetor settings have been fine-tuned to match the powerful engine and contribute to sharp response across the rev range. Complementing the powerful 112cc engine is a 6-speed transmission that has been designed to withstand the engine output.

 A sturdy high-tensile steel perimeter frame was designed to harness the engine’s power, offering advantages of strength and torsional rigidity that allows riders to push hard on the track. The chassis is matched with 36mm inverted front forks that offer excellent damping and bottoming resistance, enabling the KX112 to be ridden hard while maintaining comfort. Riders can fine-tune their settings through 20-way adjustable compression damping. On the rear, Uni-Trak® rear suspension offers preload, 24-way compression and 21-way rebound damping adjustability in order to allow each rider to tailor their settings based on size and skill level.

The KX112’s large 19-inch front and 16-inch rear wheels nicely bridge the gap between minibikes and full-sized race bikes, accommodating larger youth riders and helping to navigate over the bumps and ruts commonly found on motocross tracks. The wheels are fitted with Dunlop MX33 tires that offer excellent grip and control. The bodywork of the KX112 follows along the lines of its bigger KX counterparts by forming a slim ergonomics package that facilitates rider movements and contributes to strong factory looks.

KAWASAKI KX112

Color: Lime Green

MSRP: $5,399

Availability: Now

KAWASAKI KX™85

Built using much of the same race-winning technology as that found on the KX112, the KX85 motorcycle defines a “big bike in a small package” and returns as strong as ever in 2023 with the goal to provide young racers the championship-winning advantage they need to sharpen their skills. The KX85 relies on its instantaneous power, nimble handling, and factory-race-inspired styling to reach the checkered flag first.

            The two-stroke, single cylinder 84cc engine is equipped with the highly advanced powervalve system that generates an easy-to-use wide-spread powerband. Just like the KX112, it features a 6-speed transmission, Dunlop MX33 tires, slim ergonomics package, aggressive KX styling and excellent cooling performance. Championship performance requires power, which is exactly why the KX85 stands above the competition.

KAWASAKI KX85

Color: Lime Green

MSRP: $4,699

Availability: Now

KAWASAKI KX™65

The 2023 KX™65 is the most compact motocross bike in the Kawasaki KX lineup, built to serve as the machine of choice for aspiring motocross racers driven to follow in Kawasaki’s championship footsteps. The durability and reliability the KX models are known for creating a dependable platform for young racers. Featuring a six-speed transmission, race-ready engine, strong stopping power, and superb handling, the KX65 builds champions.

Its liquid-cooled, two-stroke 65cc engine and lightweight chassis deliver strong controllable power and exceptional handling that results in the ultimate recipe for winning races. The 33mm front forks and four-way adjustable rebound damping are capable of performing at the highest level in aggressive terrain, while the rear is fitted with Kawasaki’s Uni-Trak® single-shock system with adjustable rebound damping and fully adjustable spring preload.

KAWASAKI KX65

Color: Lime Green

MSRP: $3,999

Availability: Now

KAWASAKI TEAM GREEN™ RACER REWARDS

The Kawasaki Team Green™ Racer Rewards program offers more than 8 million dollars in contingency available for eligible KX riders. Team Green’s Racer Rewards program will be available at more than 501 motocross and off-road events across the nation. Motocross racers will have more than 5.6 million dollars up for grabs.

2023 KAWASAKI KX™250 AND KX™250X MOTORCYCLES

THE BIKE THAT BUILDS CHAMPIONS

Giving Kawasaki more Supercross and Motocross championships than any other manufacturer, the KX™ name is synonymous with winning. The KX™250 motorcycle is the championship-proven machine built so you can ‘Be Next’. Be the next champion. Be the next hero. Be the next legend. Be the next trailblazer for an entire generation of greatness. On the KX250, your time is now.  

Thanks to an updated engine, the most powerful KX250 to date was achieved, increasing performance at all rpm. Complementing the improved power is the new racer-friendly gearing, revised suspension settings, and new tires that offer improved handling when cornering. Together, these updates contribute to quicker lap times that make the KX250 an even more potent weapon on the racetrack.

With a championship heritage that boasts 18 AMA professional titles and 194 race wins since 2004, the KX250 is the ideal platform for riders looking to reach the top step of the podium or take their riding to the next level.

In addition to the KX250, the KX™250X cross country model returns for 2023 and shares many of the updates found on its motocross counterpart. The KX250X has been purposely tuned for closed-course off-road to dominate race courses in both the woods and the desert, offering riders the required components for off-road competition.

2023 KX250 HIGHLIGHTS

  • NEW Increased engine performance
  • NEW Racer-friendly gearing
  • NEW Fine-tuned suspension
  • NEW Dunlop MX33 tires with a wider 110/90-19 rear tire
  • NEW Lighter and wider footpeg design

ENGINE

  • NEW Increased engine performance
  • NEW Intake valves and valve pitch
  • NEW Straighter intake duct
  • NEW Repositioned upstream injector
  • NEW Longer exhaust header pipe
  • NEW Advanced ignition timing
  • NEW Racer-friendly gearing

Tuned for race-experienced riders, the 249cc liquid-cooled, four-stroke engine receives several updates for 2023 that are designed to help the KX250 achieve stronger performance across the rev-range and result in quicker lap times and better holeshot performance.

The KX250 continues to utilize the finger-follower valve actuation – a valve train designed by Kawasaki’s World Superbike engineers – to help achieve a high rev limit that allows for the use of more aggressive cam profiles and contributes to high rpm performance. For 2023, the KX250 receives a 1.5mm narrower pitch for the intake valves and increased clearance at the valve seats to deliver increased cylinder-filling efficiency and improved combustion for improved peak performance. The intake valves have been reduced by 1mm for increased cylinder head and valve seat reliability as well as to accommodate the tighter valve pitch. To match the valve size and pitch changes, the crown on the 14.1:1 bridged-box piston has been redesigned. A dry film lubricant coating on the piston skirts reduces friction at low rpm and helps with the piston bedding-in process.

The airbox construction features a short, tapered intake funnel, contributing to increased high rpm performance. The KX250 was the first production motocross bike with dual injectors. An injector downstream of the throttle valve is tasked with delivering a smooth, instant response, and a second, upstream injector located close to the airbox is a significant contributor to engine output at high rpm. For 2023, the downdraft-style intake duct is now straighter and the upstream injector has been repositioned from above to below the duct. These changes further contribute to increased cylinder-filling efficiency, adding to the KX250’s peak performance.

New advanced ignition timing was developed to complement the engine changes made to the KX250. A 100mm longer exhaust header pipe offers increased low-mid torque. In addition to increased performance, Kawasaki engineers focused on a racer-friendly power delivery, which was achieved by increasing the moment of inertia in the magneto rotor. The coned disc-spring hydraulic clutch pushrod has been revised from steel to a steel cap and aluminum shaft, resulting in lighter clutch operation. The hydraulic clutch is designed to provide a more consistent feeling through minimal change in clutch play as the clutch heats up during heavy use.

Based on feedback from Kawasaki’s efforts with the Monster Energy/Pro Circuit/Kawasaki racing team in both supercross and motocross, engineers have lengthened the transmission’s first gear to make it easier to use in a greater number of situations. Second gear was also fine-tuned to offer a smooth transition from first to third gear. For increased strength, the connecting rod big-end bearing crush height was increased and the main holding circuit relay was revised for improved reliability.

The KX250 features an electric start, which can be activated by the push of a button located on the handlebar near the right grip, making starting easy and convenient. A lightweight, compact Li-ion battery helps keep weight down, as does an automatic centrifugal decompression system fitted to the exhaust cam, which lifts one exhaust valve to facilitate starting.

DFI COUPLERS

Contributing to the race-winning engine characteristics, the digital fuel injection system of the KX250 features a coupler package that has set the industry standard ECU tuning. Each KX250 motorcycle comes standard with three different couplers, easily allowing riders to select pre-programmed fuel injection and ignition mapping to suit their riding style or track conditions. The four-pin couplers for the DFI® engine select maps that are designed for standard, hard or soft terrain settings. Changing the engine map is as simple as connecting the coupler cap of choice. For riders looking to fine-tune their ECU settings, the KX™ FI Calibration Kit (Handheld) is offered as a Kawasaki Genuine Accessory and provides access to the fully programmable ECU. Used by the factory race teams, the handheld device eliminates the need for a trackside laptop and gives riders the ability to create custom maps for precise adjustment of fuel and ignition settings. The user-friendly device can store up to seven preset maps and is PC-compatible.

LAUNCH CONTROL

The launch control system of the KX250 motorcycle is a major advantage and favorite for riders who are focused on getting to the first turn ahead of their competition. The push-button activation retards ignition timing in first and second gear, helping maximize traction on surfaces like concrete starting pads and put the bike’s potent power to the ground. Once the rider shifts into third gear, normal ignition mapping immediately resumes and full power is restored.

CHASSIS

The KX250’s slim aluminium perimeter frame is based on that of the KX™450 motorcycle and with lightweight, nimble handling, and slim ergonomics in mind. Its design is a lightweight construction composed of forged, extruded, and cast parts. The frame offers optimized rigidity balance, and while many of the parts are common with the KX450’s frame, the cast parts like the shock tower mount and engine hangers were designed specifically for the needs of the KX250. Adding to the frame’s rigidity balance is the use of the engine as a stressed member.

Like the KX450, the KX250 also utilizes a swingarm to deliver the rigidity necessary to match the frame and help increase traction at the rear wheel. The center of gravity and key dimensions such as swingarm pivot, output sprocket and rear axle locations have all been carefully selected so that the rear tire drives the bike forward. 

SUSPENSION

  • NEW Fine-tuned suspension
  • NEW Lighter bolts

For 2023, the front and rear suspension settings have been revised, contributing to improved cornering. These changes help provide the rider with greater front-end feedback and contribute to a more planted feel upon corner entry. Additionally, ground-holding performance has been improved and makes it easier for the rider to hold their selected line through a corner. The rear suspension updates are designed to improve performance at the exit of the corner, contributing to strong acceleration.

The KX250 is equipped with large diameter 48mm KYB inverted coil-spring front forks that offer optimum action at the initial part of the fork stroke. The forks feature large-diameter inner tubes, enabling the use of 25mm damping pistons and delivering smooth action and firm damping. Fork internals have been fine-tuned to deliver firmer compression damping to achieve increased performance without sacrificing ride comfort. A revised oil height on the front forks contributes to optimized characteristics of the front fork springs. A Kashima Coat on the forks’ outer tubes creates a hard, low-friction surface to help prevent wear abrasion on the inside of the tubes, ensuring the sliding surfaces remain smooth over time while protecting the outside against corrosion. The lubricating material in the coat contributes to smoother suspension action and a better overall ride feel.

In the rear, a KYB shock unit complements the front fork. The rear shock features dual compression adjustability, which allows high-speed and low-speed damping to be tuned separately. New shock valving settings enable firmer compression damping that improves performance while maintaining the comfort the KX250 is known for.  A Kashima Coat on the tank cylinder helps prevent wear abrasion and reduces friction for smoother suspension action.  A new Uni-Trak® rear suspension system mounts the linkage arm below the swingarm, allowing a longer rear suspension stroke. The linkage ratios are the same as those found on the KX450 motorcycle, contributing to both increased absorption and damping performance. In order to make the KX250 as light as possible, the fork cover bolts were changed from steel to aluminium and the rear linkage collar was changed from steel to aluminium and now uses hollow instead of solid bolts.

BRAKES AND WHEELS

  • NEW Dunlop MX33 tires
  • NEW Wider, 110/90-19 rear tire sizing

Contributing to the numerous factory-style racing components on the KX250 motorcycle are petal disc brakes. Up front is an oversized 270mm Braking® brand rotor, which delivers strong braking force and superb control. A KX450-style front master cylinder adds to the high level of control and overall feedback found in the front brake. 

On the rear, a 240mm Braking brand disc contributes to controllability and offers optimized stopping performance. The petal-style discs contribute to both sporty looks and help deflect debris. A rear caliper guard helps protect the caliper from damage.

For 2023, the KX250 has been fitted with new Dunlop MX33 tires, offering increased traction to match the more powerful engine. The front features 80/100-21 sizing, while the rear can now be found in a wider 110/90-19 sizing for increased traction and a more planted rear-end feel.

ERGONOMICS

  • NEW Lighter and wider footpeg design

Kawasaki continues its unmatched commitment towards providing riders with class-leading comfort thanks to its ERGO-FIT® adjustable handlebar mounting system and footpegs to fit a variety of riders and riding styles. New for 2023 is a revised wide-style footpeg design that is now 5mm wider (front-to-rear) and positioned 3mm rearward, offering excellent grip, superb feel, and making it easier to weight the pegs. This new design is also lighter thanks to aluminum footpeg brackets replacing the previous steel brackets. The weight savings of the footpegs, along with the suspension changes, contribute to a weight savings of almost one pound, helping offset the new larger rear tire.  

A factory-style 1-1/8” thick aluminum Renthal® Fatbar® handlebar comes standard and features four-way adjustable mounts. The multi-position handlebars offer two mounting holes with 35mm of adjustability, and the 180-degree offset clamps boast four individual settings to suit different size riders. The footpegs feature dual-position mounting points, with a lower position that reduces the standard setting by an additional 5mm. The lower position effectively lowers the center of gravity when standing, and reduces knee angle when taller riders are seated.

BODYWORK AND STYLING

Complementing the increased engine power and improved handling of the 2023 KX250 is sleek bodywork with factory-style graphics that helps ensure it’s the sharpest looking bike in the paddock and further reflect its highly-tuned performance. The bodywork on the KX250 has been designed to facilitate rider movement with long, smooth surfaces that make it easy to slide back and forth. The seams between the shrouds, seat, and side covers are as flush as possible to help the rider move around on the bike. The top of the fuel tank allows a flat progression from the seat to the tank, which gives the rider greater freedom of movement when changing riding position and facilitates sitting farther forward. The single-piece radiator shrouds are slim where they come in contact with the rider’s legs and positioned close to the frame. In-mold graphics result in an ultra-smooth surface and contribute to the KX250’s factory-racer looks.

Engine covers have been designed to be as smooth as possible in order to not impede rider movement. Helping the KX250 retain its factory-style look is a gold finish on the oil cap and the two plugs on the generator cover, while the rims are coated in black alumite.

2023 KX250X HIGHLIGHTS

  • NEW Increased engine performance
  • NEW Racer-friendly gearing
  • NEW Wider footpeg design
  • 18-inch rear wheel
  • Off-road ready suspension

The KX250X shares many winning traits with its KX250 motocross counterpart including the engine, frame, chassis and styling. Similar to the KX250, it benefits from several updates for 2023 with a new more powerful engine, more racer-friendly gearing thanks to transmission revisions, new magneto rotor with increased moment of inertia, revised clutch pushrod for lighter clutch operation and a new wider footpeg design. In addition to the successful KX250 base, the KX250X returns with several unique cross-country features such as softer suspension settings, shorter gearing, off-road 21”/18” wheel combination, Dunlop Geomax AT81 tires, skid plate, and kickstand. The softer suspension settings and shorter gear ratio were designed to help create the optimal handling package for the race-ready off-road KX lineup.

KAWASAKI TEAM GREEN™ RACER REWARDS

The Kawasaki Team Green™ Racer Rewards program offers contingency rewards available for eligible KX riders. Team Green’s Racer Rewards program will be available at more than 501 motocross and off-road events across the nation.

KAWASAKI KX250

Color: Lime Green

MSRP: $8,499

Availability: Now

KAWASAKI KX250X

Color: Lime Green

MSRP: $8,599

Availability: Now

2023 KAWASAKI NINJA® AND KLX® STREET MOTORCYCLES

KAWASAKI BEGINS EARLY PRODUCTION OF 2023 STREET MOTORCYCLES

      Over the course of the past several years, the powersports industry has witnessed a significant increase in popularity with novice and experienced riders alike, turning to motorcycles, ATVs, side-x-sides, and personal watercraft. To continue to meet this growing demand Kawasaki is moving up the production and introduction of its 2023 Ninja® ZX™-6R supersport, KLX®300SM supermoto and KLX®300 dual-sport motorcycles that will arrive in Kawasaki dealerships during the late spring months so that more riders have a chance to “Let the good times roll®.”

SUPERSPORT

Ninja® ZX™-6R

The 2023 Kawasaki Ninja® ZX™-6R supersport motorcycle boasts a potent 636cc engine, advanced electronics and a lightweight chassis. The 636cc engine has been optimized for the street and the track, offering an exhilarating experience in a wide range of riding situations, allowing you to rule the track and run the streets. The Ninja ZX-6R features a 636cc in-line four-cylinder DOHC engine, Kawasaki Quick Shifter (KQS), sophisticated instrumentation, styling with twin LED headlights and taillight, Kawasaki Intelligent anti-lock Brake System (KIBS), selectable power modes combined with Kawasaki Traction Control (KTRC), class-leading SHOWA suspension, SHOWA SFF-BP fork, Assist & Slipper Clutch, comfortable ergonomics with adjustable clutch lever, multi-function LCD screen, and a pressed-aluminum perimeter frame.

For 2023, the non-ABS Ninja ZX-6R is available in a Metallic Matte Twilight Blue / Metallic Diablo Black colorway with an MSRP of $10,699 and Metallic Matte Graphenesteel Gray / Metallic Diablo Black with an MSRP of $10,999.

SUPERMOTO

KLX®300SM

The 2023 KLX®300SM takes the fun to the streets in full supermoto style. Developed alongside the KLX®300 dual-sport, the KLX300SM shares a similar engine and chassis with its dual-sport counterpart. Where the models differ is over styling and use, as the KLX300SM receives a host of supermoto inspired components. This includes 17” front and rear wheels paired with street tires, supermoto tuned suspension and aggressive styling. These differences establish the KLX300SM as the ultimate lightweight supermoto. The KLX300SM will be offered in Neon Green and Ebony colorways with an MSRP of $6,299.

DUAL-SPORT

KLX®300

The KLX300 is capable of being both a daily commuter and weekend play bike. The powerful 292cc fuel-injected, liquid-cooled four-stroke engine features an easy-to-use powerband, electric starter and cam profiles sourced from the KLX®300R off-road model. It comes equipped with a six-speed manual transmission, 21” wheel up front and 18” wheel in the back, and dual-sport tuned long-travel suspension for optimal ground clearance. The 2023 KLX300 can be found in both a Lime Green and Fragment Camo Gray colorway. The Lime Green has an MSRP of $5,899 and the Fragment Camo Gray an MSRP of $6,099.


5 – Letter from Bob “BK” Kee NPDA’S Vice Chairman

NPDA Chatter

I received a note last week from a good friend of mine expressing concern that many dealers were feeling that the NPDA was going too “Orange and Black”, with a heavy current membership of HD dealers.

The good news is that the data shows our initial membership is growing nicely and is not nearly as imbalanced as people seem to think. As of this writing, we are sitting at about 180 paid dealer members, with roughly half that number being franchised Harley folks. While this is obviously a higher ratio of HD presence than the powersports industry at large, even as a non-HD dealer I think it is well within reason for our first 10 months of existence.   When the NPDA was formed we tried to have it represent the retail mix of the industry as best we could. As such, our founding Board is made up of roughly 50% HD dealers. We in turn reached out to our friends and peers to get them to join the NPDA as well and have successfully recruited a wide variety of dealers in similar businesses.

I believe people’s perceptions tend to start somewhere, and I think there are a couple of key reasons why people may perceive NPDA as having more HD dealers than the numbers show. First, HD dealers seem to talk amongst themselves with a much higher frequency than Yamaha, Kawasaki, Honda or other non-HD dealers. More HD dealers seem to be long-standing members of 20 groups, and have thus developed a more deeply rooted comradery that encourages these conversations. This is not a criticism by any measure, just a means for more chatter to occur.

Second, HD dealers currently have a very high level of angst related to recent decisions from the Motor Company that directly impact the profitability and daily operations of their dealerships. As such, they are very vocal right now and many have been wanting to join an organization that seeks to represent dealers with a unified collective voice versus that of a single dealer. 

The NPDA was created to give all dealers a voice and advocate for them, regardless of the brands they represent. Fortunately, the founding Board anticipated that from time to time there would be issues that affected a certain segment of our membership, be it off-road trail access, laws infringing rider freedoms, or, as is the case today, concerns with a specific OEM. We set up within our bylaws the concept of “Councils” that could be formed as needed to address these unique concerns without having to involve the entire membership. The Councils can operate as a subset of the broader NPDA, raising funds, having their own elected leaders, and reporting to the larger Board. This allows a Council to focus on those issues important to their members, who are also NPDA members that share in our larger vision for all dealers.

Due to the recent concerns of HD dealers, the Board approved the formation of our first council this past week for HD dealers to work together on their unique issues under the NPDA’s council structure.  If people have only heard about the new council, this could be another reason they may have mis-perceived NPDA as being HD-heavy. I anticipate that as things roll along, the NPDA will have the need and desire to establish additional Councils to direct focus as needed for other groups of dealers within our membership.

As we grow, our ranks will be joined by powersports and “metric” dealers and HD dealers alike and our membership balance will align with national norms. I am confident that every powersports dealer in the country will someday see the benefits of joining the NPDA.

Having used the phrase “metric”, a designation that Wall St analysts invented to refer to the non-HD dealer universe, I am reminded of a recent trip to the hardware store. I needed an extra 10-inch adjustable wrench for the toolbox of one of my tractors. I picked up an inexpensive example, and as I was looking at the wrench while waiting to checkout, I saw that one side of the wrench was marked in metric measurements, millimeters. Flipping the wrench over, 1/16-inch graduations were present. How can a wrench be both?

At the end of the day, we, as dealers, are much like that ingenious adjustable wrench. We are designed for the task of helping customers select and purchase the machine of their dreams, hopefully developing a long-term relationship supported by service and support after the sale.

We do this regardless of the brand signage on the front door of our stores.

We’re all in this together and NPDA is here to support the entire powersports industry.

Please join us as we move forward.

Thank you for reading, and thank you for your support.

Bob Kee

Destination Cycle

Vice-Chair, NPDA

Interested in Partnering or Joining NPDA
Dealers, manufacturers and supporting service businesses are welcomed to join the new NPDA.org to support retail excellence in the powersports industry. More information for dealer members and supporting partners is available at www.npda.org

Interested in becoming a partner for NPDA? More information is available at:https://www.npda.org/partners

ABOUT NPDAThe National PowerSports Dealer Association (NPDA), was founded in 2021 to help the franchised and independent powersports Dealer through special services, products, programs, education, and advocacy of Dealer views and concerns to create a professional, successful, and profitable industry. Our Vision is for the NPDA to advance our industry by elevating Dealers to be well prepared, sustainably profitable and exceed the expectations of a growing Powersports customer base. Our Mission Statement is for the NPDA to empower franchised and independent Powersports Dealers through special services, products, programs, education, and advocacy of Dealer views and concerns to create a professional, successful, and profitable industry. 

6 – HISUN PROMOTES THOMAS BAKER TO DISTRICT SALES MANAGER

HISUN has announced the promotion of Thomas Baker to district sales manager. Baker, a certified master technician, has served on the company’s mobile tech-support team since 2021. His contributions to the team’s development have fast-tracked his career path within the organization, landing him behind the wheel of an exciting new role.

Thomas Baker, district sales manager

Preceding HISUN, Thomas spent several years with Crockett Powersports of Chattanooga, TN as operations manager. His credentials are quite impressive, ranging from his time served in the Marine Corps, to graduating at the top of his class from MMI. Baker also secured a master’s degree in management and leadership, further validating his accomplishments.

Thomas’ ability to provide a more service-centric approach to dealers will aid in the company’s efforts to improve their after-sale support.

“I strongly believe that this role is all about serving the end user by supporting our dealers with quick, logical solutions and clear communication,” Baker says.

He will be tasked with developing the HISUN dealer network and educating their staff on all the features and benefits of HISUN branded products. Additionally, Thomas will assist the company with its continuous improvement projects, leveraging his extensive mechanical background.

With multiple new initiatives and a product roadmap that aligns with the evolving landscape of the powersports industry, HISUN continues to grow, improve and learn how to better serve customers.

“Thomas’ experience makes him a unique asset to the sales team,” says Taz Sobotka, regional sales manager for the Eastern US. “He will bring a different perspective that is fresh and intimate. More importantly, his service experience will enhance his ability to connect with dealers, making him particularly valuable to our initiatives. It will be a joy to work with him.”


7 – Taiga Named Fast Company’s 2022 Best World Changing Idea Overall in North America

Taiga Motors Corporation (TSX: TAIG) (“Taiga” or the “Company”), a leading electric off-road vehicle manufacturer, today was named overall North American Winner in Fast Company’s 2022 World Changing Ideas Awards. Taiga’s electric off-road performance powertrain is featured alongside a list of esteemed global companies focused on clean technology, innovative corporate initiatives, brave new designs for cities and buildings, and other creative works that are supporting the growth of positive social innovation.

“We are honored to receive this prestigious recognition from Fast Company,” said Taiga CEO Sam Bruneau. “We founded Taiga just over six years ago with a mission to revolutionize the powersports industry with electric vehicles that transform the way people access the outdoors. This award further validates our mission and serves as evidence of the progress we have made toward changing how people connect with the natural world through our industry-leading electric powertrains, connectivity, and design.”

Taiga was born to electrify the off-road segment, the most challenging and demanding vehicle category. As a trailblazing off-road EV brand, the product line includes mountain, trail, and utility snowmobiles, as well as personal watercraft models. With a clean-sheet manufacturing approach and rigorous performance standards, the purpose-built electric powertrains allow outdoor enthusiasts to consciously explore without compromising performance, noise, reliability, and efficiency. No powertrain maintenance, customizable drive parameters and hyper-precise throttle controls contribute to ease of use and approachability. Bringing peak performance in all conditions and standard automotive charging, Taiga is setting the standard for durability and reliability in electric powersports.

Now in its sixth year, the World Changing Ideas Awards showcase 39 winners, 350 finalists, and more than 600 honorable mentions—with climate, social justice, and AI and data among the most popular categories. A panel of eminent Fast Company editors and reporters selected winners and finalists from a pool of more than 2,997 entries across transportation, education, food, politics, technology, health, social justice, and more. In addition, several new categories have been added this year including climate, nature, water, and workplace. The 2022 awards feature entries from across the globe, from Switzerland to Hong Kong to Australia.

“We are consistently inspired by the novelty and creativity that people are applying to solve some of our society’s most pressing problems, from shelter to the climate crisis. Fast Company relishes its role in amplifying important, innovative work to address big challenges,” says David Lidsky, interim editor-in-chief of Fast Company. “Our journalists have identified some of the most ingenious initiatives to launch since the start of 2021, which we hope will both have a meaningful impact and lead others to join in being part of the solution.”

About the World Changing Ideas Awards

World Changing Ideas is one of Fast Company‘s major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all. Fast Company‘s Summer 2022 issue (on newsstands May 10, 2022) will showcase some of the world’s most inventive entrepreneurs and companies tackling global challenges.

About Taiga

Taiga (TSX: TAIG) is a Canadian company reinventing the powersports landscape with breakthrough electric off-road vehicles. Through a clean-sheet engineering approach, Taiga has pushed the frontiers of electric technology to achieve extreme power-to-weight ratios and thermal specifications required to outperform comparable high-performance combustion powersports vehicles. The first models released include a lineup of electric snowmobiles and personal watercraft to deliver on a rapidly growing demand from recreational and commercial customers who are seeking better ways to explore the great outdoors without compromise. For more information, visit https://www.taigamotors.com.


8 – Top dealerships for Instagram followers are from California, North CarolinaFrom Powersports Business

The powersports dealership landscape is full of engaged Instagram accounts, but there’s only room at the top for one No. 1.

That’s where Chapparal Motorsports (@chaparralmoto) in California sits to lead all dealerships with 35,600 followers. Performance East (North Carolina) is in second at 25,600, with Bert’s Mega Mall (California) in third at 22,500, Indian Motorcycle of Orange County (California) in fourth at 17,800 and Great Western Motorcycles (North Carolina) fifth at 15,400.

READ THE ENTIRE ARTICLE – https://powersportsbusiness.com/top-stories/2022/05/05/top-dealerships-for-instagram-followers-are-from-california-north-carolina/


9 – National Powersport Auctions steps up strategic partnership of National Powersports Dealer AssociationFrom Powersports Business

“NPA believes that dealers are critical to the future of powersports,” says National Powersport Auctions CEO Jim Woodruff. “They are at the front lines of the consumer experience that fuels our industry and we are committed to helping them be the best they can be.” Already a strong supporter and trusted advisor to the National Powersports Dealer Association, NPA has expanded its efforts to engage with dealers in meaningful dialog and mutually beneficial actions.

READ THE ENTIRE ARTICLE HERE – https://powersportsbusiness.com/top-stories/2022/05/06/national-powersport-auctions-steps-up-strategic-partnership-of-national-powersports-dealer-association/


10 – Fox Factory Holding Corp. Announces First 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 first quarter ended April 1, 2022.

First Quarter Fiscal 2022 Highlights

  • Sales increased 34.4% to $378.0 million, compared to $281.1 million in the same period last fiscal year
  • Gross profit increased 22.8% to $120.3 million, compared to $97.9 million in the same period last fiscal year. Gross margin percentage decreased 300 basis points to 31.8%, compared to 34.8% in the same period last fiscal year; non-GAAP adjusted gross margin percentage decreased 270 basis points to 32.3% compared to 35.0% in the same period last fiscal year
  • Net income was $48.1 million, or 12.7% of sales and $1.13 of earnings per diluted share, compared to $38.0 million, or 13.5% of sales and $0.90 of earnings per diluted share in the same period last fiscal year
  • Non-GAAP adjusted net income was $55.8 million, or $1.32 of non-GAAP adjusted earnings per diluted share, compared to $44.5 million, or $1.05 of non-GAAP adjusted earnings per diluted share in the same period last fiscal year
  • Adjusted EBITDA was $71.8 million, or 19.0% of sales, compared to $60.4 million, or 21.5% of sales in the same period last fiscal year

“We are pleased to report record revenue and profitability in the first quarter of 2022. This accomplishment reflects the focus and continued execution of our people and FOX’s strategic initiatives while responding to various ongoing macro challenges,” commented Mike Dennison, FOX’s Chief Executive Officer. “Our immediate goal is the optimization of our Gainesville facility and while we saw improvements in productivity late in the quarter, we have significant work remaining to deliver our expected results. In addition, while inflation and supply chain challenges continue to pose obstacles, I am confident in our world-class team to continue to constructively drive the business toward our 2025 objectives.”

Sales for the first quarter of fiscal 2022 were $378.0 million, an increase of 34.4% as compared to sales of $281.1 million in the first quarter of fiscal 2021. This increase reflects a 43.5% increase in Specialty Sports Group sales and a 27.9% increase in Powered Vehicles Group sales. The increase in Specialty Sports Group sales is driven by continued strong demand in both the original equipment manufacturer (“OEM”) and aftermarket channels. The increase in Powered Vehicles Group sales is primarily due to strong performance in our upfitting product lines.

Gross margin was 31.8% for the first quarter of fiscal 2022, a 300 basis point decrease from gross margin of 34.8% in the first quarter of fiscal 2021. Non-GAAP adjusted gross margin decreased 270 basis points to 32.3% from the same prior fiscal year period, excluding the effects of strategic transformation costs. The decrease in gross margin 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.

Total operating expenses were $66.1 million for the first quarter of fiscal 2022, compared to $52.1 million in the first quarter of fiscal 2021. Operating expenses increased by $14.0 million primarily due to higher employee related costs, higher commission costs, and higher insurance and facility related expenses. As a percentage of sales, operating expenses were 17.5% for the first quarter of fiscal 2022, a decrease of 100 basis points, compared to 18.5% in the first quarter of fiscal 2021. Non-GAAP operating expenses were $59.6 million, or 15.8% of sales in the first quarter of fiscal 2022, compared to $45.4 million, or 16.1% of sales, in the first 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 4.8% in the first quarter of fiscal 2022, compared to 9.5% in the first quarter of fiscal 2021. The decrease in the Company’s effective tax rate was primarily due to the impact of recently finalized U.S. tax regulations, which resulted in the full release of our valuation allowance against foreign tax credit carryforwards. This impact was partially offset by decreased benefits from the effects of stock-based compensation and discrete items.

Net income in the first quarter of fiscal 2022 was $48.1 million, compared to $38.0 million in the first quarter of the prior fiscal year. Earnings per diluted share for the first quarter of fiscal 2022 were $1.13, compared to earnings per diluted share of $0.90 for the first quarter of fiscal 2021.

Non-GAAP adjusted net income in the first quarter of fiscal 2022 was $55.8 million, or $1.32 of adjusted earnings per diluted share, compared to adjusted net income of $44.5 million, or $1.05 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 first quarter of fiscal 2022 was $71.8 million, compared to $60.4 million in the first quarter of fiscal 2021. Adjusted EBITDA margin in the first quarter of fiscal 2022 was 19.0%, compared to 21.5% in the first 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.

Balance Sheet Highlights

As of April 1, 2022, the Company had cash and cash equivalents of $68.8 million compared to $179.7 million as of December 31, 2021. Inventory was $315.0 million as of April 1, 2022, compared to $279.8 million as of December 31, 2021. As of April 1, 2022, accounts receivable and accounts payable were $177.9 million and $157.0 million, respectively, compared to $142.0 million and $100.0 million, respectively, as of December 31, 2021. Prepaids and other current assets were $293.9 million as of April 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 primarily due to additional raw materials purchases to mitigate risks associated with supply chain uncertainty. The increases in accounts receivable and accounts payable reflect business growth as well as the timing of vendor payments. Accrued expenses were $103.8 million as of April 1, 2022, compared to $112.4 million as of December 31, 2021, primarily due to decreases in income taxes payable and accrued bonuses, which were partially offset by increases in various other expenses.

Fiscal 2022 Guidance

For the second 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 $1.10 to $1.25.

For the fiscal year 2022, the Company expects sales in the range of $1,500 million to $1,530 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 second 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 (866) 518-6930, and international listeners may dial (203) 518-9797; the conference ID is FOXFQ122 or 36937122. 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. 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 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 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
April 1,December 31
20222021
(unaudited)
Assets
Current assets:
Cash and cash equivalents$68,773$179,686
Accounts receivable (net of allowances of $512 and $410 at April 1, 2022 and December 31, 2021, respectively)177,858142,040
Inventory314,971279,837
Prepaids and other current assets293,927123,107
Total current assets855,529724,670
Property, plant and equipment, net193,609192,003
Lease right-of-use assets44,12238,752
Deferred tax assets43,35134,998
Goodwill323,283323,299
Intangibles, net191,716197,021
Other assets12,4054,986
Total assets$1,664,015$1,515,729
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable$157,015$99,984
Accrued expenses103,792112,378
Current portion of long-term debt20,00017,500
Total current liabilities280,807229,862
Line of credit42,852
Long-term debt, less current portion356,288360,953
Other liabilities34,98430,832
Total liabilities714,931621,647
Stockholders’ equity
Preferred stock, $0.001 par value — 10,000 authorized and no shares issued or outstanding as of April 1, 2022 and December 31, 2021
Common stock, $0.001 par value — 90,000 authorized; 43,039 shares issued and 42,149 outstanding as of April 1, 2022; 43,010 shares issued and 42,120 outstanding as of December 31, 20214242
Additional paid-in capital346,328344,119
Treasury stock, at cost; 890 common shares as of April 1, 2022 and December 31, 2021(13,754)(13,754)
Accumulated other comprehensive income9,6194,876
Retained earnings606,849558,799
Total stockholders’ equity949,084894,082
Total liabilities and stockholders’ equity$1,664,015$1,515,729

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

For the three months ended
April 1,April 2,
20222021
Sales$377,977$281,136
Cost of sales257,717183,212
Gross profit120,26097,924
Operating expenses:
Sales and marketing22,58916,858
Research and development12,6429,876
General and administrative25,56720,369
Amortization of purchased intangibles5,3074,965
Total operating expenses66,10552,068
Income from operations54,15545,856
Interest and other expense, net:
Interest expense1,9772,904
Other expense, net1,692959
Interest and other expense, net3,6693,863
Income before income taxes50,48641,993
Provision for income taxes2,4364,007
Net income$48,050$37,986
Earnings per share:
Basic$1.14$0.91
Diluted$1.13$0.90
Weighted-average shares used to compute earnings per share:
Basic42,14441,851
Diluted42,38142,343

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 months ended April 1, 2022 and April 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 ended
April 1,April 2,
20222021
Net income$48,050$37,986
Amortization of purchased intangibles5,3074,965
Patent litigation-related expenses69310
Other acquisition and integration-related expenses (1)1,0881,415
Strategic transformation costs (2)1,676508
Tax impacts of reconciling items above (3)(393)(687)
Non-GAAP adjusted net income$55,797$44,497
Non-GAAP adjusted EPS
Basic$1.32$1.06
Diluted$1.32$1.05
Weighted average shares used to compute non-GAAP adjusted EPS
Basic42,14441,851
Diluted42,38142,343

(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.

(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 months ended April 1, 2022 and April 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 ended
April 1,April 2,
20222021
Net income$48,050$37,986
Provision for income taxes2,4364,007
Depreciation and amortization11,8479,969
Non-cash stock-based compensation3,0292,494
Patent litigation-related expenses69310
Other acquisition and integration-related expenses (1)9741,255
Strategic transformation costs (2)1,676508
Interest and other expense, net3,6693,863
Adjusted EBITDA$71,750$60,392
Net Income Margin12.7%13.5%
Adjusted EBITDA Margin19.0%21.5%

(1) Represents various acquisition-related costs and expenses incurred to integrate acquired entities into the Company’s operations, excluding $114 and $160 in stock-based compensation for the three month periods ended April 1, 2022 and April 2, 2021, respectively.

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

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 months ended April 1, 2022 and April 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 ended
April 1,April 2,
20222021
Sales$377,977$281,136
Gross Profit$120,260$97,924
Strategic transformation costs (1)1,676508
Non-GAAP Adjusted Gross Profit$121,936$98,432
Gross Margin31.8%34.8%
Non-GAAP Adjusted Gross Margin32.3%35.0%

(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 months ended April 1, 2022 and April 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 ended
April 1,April 2,
20222021
Sales$377,977$281,136
Operating Expense$66,105$52,068
Amortization of purchased intangibles(5,307)(4,965)
Patent litigation-related expenses(69)(310)
Other acquisition and integration-related expenses (1)(1,088)(1,415)
Non-GAAP operating expense$59,641$45,378
Operating expense as a percentage of sales17.5%18.5%
Non-GAAP operating expense as a percentage of sales15.8%16.1%

(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 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


11 – KENDA Celebrates 60 Years of InnovationFrom Kenda Tires

Kenda, one of the world’s leading tire manufacturers, recently commemorated its 60th Anniversary with a celebration at its Kenda American Technology Center (KATC) in Canton, Ohio hosted by Chairman and President of Kenda, Jimmy Yang.

Across nearly every terrain in nearly every part of the world, Kenda has helped customers get where they need to go through the hard work and dedication of their 13,000+ team members around the globe and innovative products.

Kenda was founded in the countryside of Yuanlin, Taiwan, by Mr. Chi-Pao Yang under his guiding principles of honesty, quality, service, and innovation. Core values that still today serve as guideposts. In the past six decades, the company has grown to encompass 4 Global Technology Centers and 23 Manufacturing and Assembly facilities with product offerings across all major tire segments including automobiles, bicycles, wheelchairs, powersports, trailers, golf cars, and lawn and garden equipment in addition to steel wheels and roofing products.

“It takes an unwavering adherence to strong values and quality products as well as dedicated, passionate, and knowledgeable team members to earn the privilege to celebrate 60 years as one of the world’s leading tire manufacturers,” said Jimmy Yang. “In conjunction, we are thrilled to debut several innovative new product lines engineered and designed in our American Technology Center, as well as the Kenda eUniversity platform, all of which further demonstrate our commitment to better serving our loyal customers, the industry, and the communities in which we operate for the next 60 years.”

During the event, Kenda debuted its new training and education eUniversity platform, plus unveiled a line of new products including the speed and grip specialized Rush and Karma 2 bike tires as well as its premium performing Klever M/T2 (KR629) off-roading light truck tire – just a few of the many innovations to position Kenda for success as it drives full throttle into the future.

Kenda was also recently awarded the “Best Practice Award” for manufacturing quality during the 26th National Quality Awards in Taiwan. The award recognizes businesses that demonstrate high-quality management and is the only award for business quality issued by the Executive Council in Taiwan.

For more information, visit https://www.kendatire.com/ 


This Week in Powersports Business – The week of April 24, 2022

This Week in Powersports Business – The week of April 24, 2022

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


1 – Polaris Donates Nearly $120,000 to Off-Road Organizations with T.R.A.I.L.S. GrantsFrom Polaris Inc

Today, Polaris Inc. (NYSE: PII), announced it donated nearly $120,000 to off-road (ORV), utility-terrain (UTV) and all-terrain vehicles (ATV) organizations across the United States as a part of its ongoing T.R.A.I.L.S. Grant Program. The 13 nonprofit organizations that were awarded a Spring 2022 T.R.A.I.L.S. grant received awards ranging from $6,000 to $10,000. The grants will support the development, improvement and expansion of trails, and help to educate riders on safe and responsible riding practices.

“Polaris is thrilled to continue supporting the efforts of local organizations and clubs through our T.R.A.I.L.S. Grant Program,” said Steve Menneto, president of Off-Road at Polaris. “These organizations are comprised of passionate volunteers and riders who love to ride and serve as the heart of the off-roading community. These grants will help create a safe and enjoyable experience for all those looking to get outside and ride.”

The Spring 2022 T.R.A.I.L.S. Grant recipients are:

  • Baraboo Bluffs ATV/UTV Club (Baraboo, Wis.)
  • Caribou Parks and Recreation Department (Caribou, Maine)
  • Elbe Hills ORV (Ashford, Wash.)
  • Dexter Rail Riders (Dexter, Maine)
  • Doe Mountain Recreation Authority (Mountain City, Tenn.)
  • Firefrost ATV Club (Halstad, Minn.)
  • Indian Creek Valley ATV Club (Indian Head, Pa.)
  • New Mexico Off-highway Vehicle Alliance (Santa Fe, N.M.)
  • Patten ATV Club (Patten, Maine)
  • Potter County ATV/UTV club (Coudersport, Pa.)
  • Sauk Centre Sno-Cleats Inc. (Sauk Centre, Minn.)
  • Sauk Ridge Runners ATV Club (LaValle, Wis.)
  • Trail Mix, Inc. (Juneau, Ala.)

Spring 2022 grant recipient, Trail Mix Inc., is partnering with the Juneau Off-Road Association to develop an ORV park and will put the funds received to support these efforts. Focused on creating new areas for individual and families to recreate, this new ORV park will feature loop trails, a mud bog, children’s area, and open riding.

“With the support of Polaris, we are creating design plans for the first ORV Park in Juneau, in partnership with Trail Mix, Inc.,” said Darrin Crapo, president of the Juneau Off-Road Association. “Currently, we have very few places to ride, so this ORV park will be a game-changer for our community, a place where we can share our love of riding with even more people.”

Since its inception in 2006, Polaris’ T.R.A.I.L.S. Grant Program has provided funding to national, state and local organizations in the United States to help support the future of snowmobiling and off-road riding. The T.R.A.I.L.S. Grant Program focuses on two main objectives: promoting safe and responsible riding and supporting trail preservation and access. Organizations may use funds from the grant to increase and maintain land access through trail development, maintenance projects, safety and education initiatives and other projects.

To date, the program has supported 335 ATV, off-road and snowmobiling organizations across 45 states with more than $3 million in grants. Visit the T.R.A.I.L.S. Grant Program website for more information and to apply for a future grant.


2 – Zero Motorcycles Reorganizes to Position Company as the Leader in Customer ExperienceFrom Zero Motorcycles

Zero Motorcycles, the global leader in electric motorcycles and powertrains, has announced that service for its entire award-winning product line, as well as contact points for customers across all channels, will now be managed under a newly formed department of Customer Experience (CX). The new CX team will oversee streamlining and enhancement areas of concern for riders everywhere including lead engagement, service requests, and service manuals creation and distribution, among other duties.

The new department will be bifurcated between the creation and distribution of technical training materials and the public-facing service handling for the global dealer network and owners alike. Balancing the two areas of focus will be a pair of industry veterans with a host of dealer and OEM experience spanning a total of more than 40 years and with proven excellence in service, sales, and marketing capacities; Garrett Johnson and Chris Langlois.

“The sum total of our experience with customer contacts includes more than just our dealer network and current owners, that’s why we’re thrilled to have leaders in place with expertise managing issues that can arise anywhere in Zero’s global footprint that spans into dozens of countries,” said Mike Cunningham, VP of Sales for the Americas at Zero Motorcycles.

This change took place internally during the month of April, 2022, and the newly organized department is introducing new technical training to dealers as well as client relations training to the Zero teams in public facing roles.

All Zero Motorcycles qualify for both State and Federal Tax Incentives that can be applied to an owner’s subsequent tax filing and the entire line is available in hundreds of dealerships worldwide.


3 – NPA’s RV and Marine Sales tabs Amata as VPFrom Powersports Business

National Powersport Auctions (NPA) has announced the hiring of Matt Amata as vice president of NPA’s RV and Marine Sales. Amata, who is based in Cleveland, will be responsible for the growth and expansion of NPA’s RV and Marine business nationwide.

“Matt Amata is the perfect person to help us grow our RV and Marine business. His experience and knowledge in the national marine industry will expand the resources, customer service and asset values our clients have come to expect from NPA,” said NPA CEO Jim Woodruff. “We are confident he’ll do a great job growing the business and supporting our customers and clients.”

Matt Amata

Amata has been involved in the marine industry for over 20 years, serving as president of National Liquidators for the last decade. Prior to that, he successfully founded, managed, and sold a telecommunications company and earned his MBA from Arizona State University. He is an active member of Marine Industries of South Florida, International Yacht Brokers Association, Lake Erie Marine Trades Association, and the Marine Trade Association of Maryland. Matt has served on the board of directors of both the National Marine Lenders Association and the Propeller Club of America and has presented at numerous leading industry events.

“I am pleased to have joined the team at National Powersport Auctions to lead our RV and Marine efforts,” Amata said. “NPA’s values, integrity, investments in infrastructure, technology, training, and unparalleled customer service have consistently set them apart as leaders in the industry. While NPA has been present in the RV and Marine space for over two decades, they are committing all the resources needed to grow and expand this market and I am excited to lead that charge!”


4 – National Powersport Auctions Steps Up Strategic Partnership of National Powersports Dealer Association

“NPA believes that dealers are critical to the future of powersports,” says National Powersport Auctions CEO Jim Woodruff. “They are at the front lines of the consumer experience that fuels our industry and we are committed to helping them be the best they can be.” Already a strong supporter and trusted advisor to the National Powersports Dealer Association, NPA has expanded its efforts to engage with dealers in meaningful dialog and mutually beneficial actions.

“NPA is the industry’s authority on pre-owned and the largest provider of powersport auction services,” he adds. “We share NPDA’s PURE vision and belief that our industry is better when we all work together.” NPDA continues to bring dealers in under its PURE banner (Promote, Unite, Represent, Educate).

“Partnering with NPDA is a true commitment to the long- term excellence and success of powersports dealers and we are eternally grateful for the support, leadership and friendship that Jim Woodruff and NPA have extended the Association,” states NPDA Chair Bob Althoff. “Mr. Woodruff was the very first advisor to support this crazy notion that dealers could come together and strive for retail excellence, and he has been in our corner from day one. Without Woodruff’s sage counsel and NPA’s support, NPDA would still be stuck on the drawing board.”

NPA is joined by a growing number of industry supporters for NPDA, including Find It Now, Garage Composites, Law Tigers, LiquiMoly USA, MaxxOpp Marketing, Performance Brokerage Services and VinData. At the recent AIMExpo, it was announced Arrowhead Engineered Products, the parent company to All Balls Racing, Vertex, Hot Cams, Pivot Works and most recently Western Power Sports, has also stepped up at the highest level of support as a Strategic Partner.

NPDA continues to gain traction as a unifying force for the entire industry. The Mission and Vision statements have been articulated, Articles of Incorporation finalized, 501c6 status issued, bylaws have been adopted and more than 150 Dealerships are dues paying members. “We are grateful that NPA and all of our partners share the vision and support the mission of NPDA,” concludes Althoff.


5 – Polaris First Quarter 2022 Earnings ResultsFrom Polaris, Inc.

FINANCIAL AND OPERATIONAL HIGHLIGHTS

First quarter sales were $1,957 million, flat relative to last year

First quarter reported earnings per share was $1.14, down 46% versus last year; adjusted earnings per share was $1.29, down 44% versus last year

Primary drivers in the quarter included increasing supply chain challenges and inflationary pressures, partially offset by strong pricing; demand remains healthy

Retail Sales for the quarter were down 22% versus last year when retail sales rose 70% in the same quarter, primarily driven by supply chain challenges

Repurchased ~1.5 million shares for approximately $172 million dollars.

DOWNLOAD COMPLETE ARTICLE HERE – https://cdn1.polaris.com/globalassets/crp/common/documents/reports/pii-q1-2022-earnings-release-4-26-22-f.pdf?v=a27419dc


6 – Harley-Davidson Homecoming Event and 2023 Dates Announced

Harley-Davidson® will celebrate its 120th Anniversary by launching the Harley-Davidson® Homecoming™ event, an annual four-day festival filled with music, food and moto-culture. The inaugural event will take place at multiple venues throughout the Milwaukee area on July 13-16, 2023, and welcomes riders, enthusiasts, and fans to meet in Milwaukee for a huge celebration.

“We invite everyone, riders, non-riders and fans around the world, to join us in Milwaukee next summer for the Harley-Davidson Homecoming where we will celebrate 120 years of our incredible brand,” said Jochen Zeitz, Chairman, President and CEO of Harley-Davidson. “This will be the first in a series of unforgettable annual events in Milwaukee. Stay tuned for more details in coming months, and we look forward to celebrating with you in 2023.”

To find lodging options in Milwaukee visit https://www.visitmilwaukee.org/harley-davidson-homecoming-2023/. Camping and RV parking information is available at Wisconsin Campgrounds https://www.wisconsincampgrounds.com/.  Note that most reservations are not available to book until one year in advance of event.

Harley-Davidson recently launched “The Road to Harley-Davidson Homecoming™ Challenge” where riders and non-riders alike can participate in chances to earn virtual badges, win daily and monthly prizes and enter a sweepstakes for a chance to win a grand prize trip to Milwaukee to participate in the Homecoming event. For sweepstakes Official Rules, program and prize details and more information regarding The Road to Harley-Davidson Homecoming Challenge, download the Harley-Davidson App, or visit H-D.com/ride


7 – BRP Announces Annual General Meeting Will Be Conducted By Live Webcast

BRP Inc. (TSX: DOO, NASDAQ: DOOO) (the “Company“) announces that its annual general meeting of shareholders (the “Meeting“) will be held on Friday, June 3, 2022 at 11:00 a.m. EDT and will be conducted by live webcast.

The Company is holding the Meeting as a completely virtual meeting, where shareholders regardless of geographic location and equity ownership will have an equal opportunity to attend.  Registered shareholders and duly appointed proxy holders are strongly encouraged to vote their shares in advance of the Meeting as described in the Company’s Management Information Circular posted concurrently herewith on BRP.com, on SEDAR and on EDGAR, or to vote virtually at the Meeting online. Voting results for each of the resolutions will be announced after the Meeting and reported on SEDAR.

Shareholders who wish to participate online can go to https://web.lumiagm.com/487733544 and click “I have a login” and then enter the 15-digit control number located on their form of proxy and the password “brp2021”. Anyone can join the Meeting as a guest by clicking on “Guest” and completing the online form. Guests will be able to listen to the Meeting but will not be able to vote or ask questions.

Following the Meeting, the webcast of the Meeting will be accessible on the Company’s website at BRP.com until next year’s annual meeting of shareholders.

Registered shareholders and duly appointed proxy holders will also be entitled to submit questions to the Company in advance of the Meeting by email at BRPAGA2022@brp.com, and during the Meeting through the platform available at https://web.lumiagm.com/487733544, which questions will, subject to certain verifications by the Company, be addressed at the Meeting. Questions sent in advance by e-mail must be provided by no later than 11:00 a.m. (Eastern time) on June 1, 2022, or if the Meeting is postponed or adjourned, by no later than 48 hours prior to the time of such postponed or adjourned meeting (excluding Saturdays, Sundays and holidays).


8 – Motorcycle Safety Foundation Calls on Motorists to #SeeMotorcycles as More Riders Get on the Road

Two years of strong motorcycle and scooter sales, continued demand for rider training, and higher gas prices mean more riders are likely to be on the roads this spring and summer, so the Motorcycle Safety Foundation is doubling down on getting the word out to #SeeMotorcycles.

“May has been the traditional start of the riding season for many across the country because the weather is getting warmer and the days longer,” said Erik Pritchard, president and CEO of the Motorcycle Safety Foundation. “That’s why it’s a great time to remind drivers to actively look out for motorcyclists, and for riders who are taking their bikes out of hibernation to do a thorough pre-ride inspection. It’s also a good idea to take time to refresh your riding skills, ideally with a safety course.”

Motorcycles and their riders have a smaller profile than cars and trucks, and it can be easy to overlook them. “We encourage drivers to use their turn signals, keep speeds down, and be vigilant when driving, especially when changing lanes,” Pritchard continued. “Please remember to #SeeMotorcycles.”

Motorcycle and scooter sales were up 14.2 percent in 2021, the second consecutive year of growth, and since 2019, sales are up 21.8 percent, according to the Motorcycle Industry Council Retail Sales Reporting System, which gathers new motorcycle and scooter retail sales data from 14 leading manufacturers and distributors in the U.S.

“Demand for rider training is also robust,” Pritchard said. “The Motorcycle Safety Foundation saw an estimated 48 percent increase in enrollment in 2021 over 2020, and early data from 2022 indicates a continuing trend.”

In a recent Motorcycle Industry Council survey of motorcycle owners, 57 percent said they plan on using their motorcycles more since gas prices increased. And of those who plan on using their bikes more often, 69 percent said they would use them for commuting, 69 percent for day trips, and 59 percent for errands and shopping.

“These are all indicators that more people will be out riding this year, so it’s the responsibility of all road users to look out for one another,” said MSF RiderCoach Armene Piper, owner of Clutch Motorcycle School in Loveland, Colorado. “Riding a motorcycle is such a fun way to get around. But a rider’s No. 1 priority should be safety. That means following the rules of the road, wearing safety gear each and every time they ride, and using smart street strategies.”

More tips for riders and drivers are available at the Motorcycle Safety Foundation’s websites: msf-usa.org and forcardrivers.com. Users can also test their perception and knowledge with timed challenges and quizzes. (https://www.msf-usa.org/RiderPerception.aspx)

The Motorcycle Safety Foundation, the country’s leading safety resource and advocate for motorcyclists, creates education and training systems for riders of every experience level. For those looking to get into riding, formal motorcycle training, such as the Motorcycle Safety Foundation’s Basic RiderCourse, is among the best ways to learn. MSF also offers refresher courses and advanced skills courses for experienced riders.

ABOUT THE MOTORCYCLE SAFETY FOUNDATION

The Motorcycle Safety Foundation promotes safety through rider training and education, operator licensing tests, and public information programs. MSF works with the federal government, state agencies, the military, and others to offer training for all skill levels so riders can enjoy a lifetime of safe, responsible motorcycling. Standards established by MSF have been recognized worldwide since 1973. The MSF is a not-for-profit organization endorsed by American Honda Motor Co., Inc.; BMW Motorrad USA; BRP, Inc.; Harley-Davidson Motor Company, Inc.; Indian Motorcycle; Kawasaki Motors Corp., U.S.A.; KTM North America, Inc.; Suzuki Motor USA, LLC; Triumph Motorcycles America; and Yamaha Motor Corporation, U.S.A. For safety information or to enroll in an MSF Basic RiderCourse near you, or to learn more about the many other MSF course offerings, visit MSF-USA.org or call (800) 446-9227. Follow @msf__usa to keep up with the MSF on TwitterFacebook, and Instagram.


9 – Kids in Georgia, California will be riding bikes in PE class thanks to YamahaFromPowersports Business

In 2021, All Kids Bike, the nationwide movement on a mission to teach every child in America how to ride a bicycle in kindergarten PE class, received a $30,000 grant from Yamaha Motor Corp, USA’s Outdoor Access Initiative. The goal of the grant was to get the All Kids Bike program into six schools near Yamaha’s corporate offices, including four in Georgia and two in California.

Fast forward to this Spring, with Yamaha volunteers and All Kids Bike ambassadors delivering the final of the six school programs to the Cara J. King Elementary School in Cypress, California, completing this past year’s grant, and setting the stage for more funding in 2022.

READ THE ENTIRE POST HERE – https://powersportsbusiness.com/top-stories/2022/04/28/kids-in-georgia-california-will-be-riding-bikes-in-pe-class-thanks-to-yamaha/


This Week in Powersports Business – The week of April 17, 2022

This Week in Powersports Business – The week of April 17, 2022

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


1 – Alabama Passes Meadows Autocycle Bill Allowing Three-Wheeled Vehicles to be Operated without a Motorcycle License or Helmet

– Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, today announced that drivers of Arcimoto Fun Utility Vehicles in Alabama will no longer need to have a motorcycle endorsement or wear a helmet under legislation signed by Governor Kay Ivey. The bill, HB 37, sponsored by Representative Charlotte Meadows, brings Alabama in line with other states that do not require a motorcycle license or helmet to operate an autocycle such as those built by Arcimoto.

“From time to time we find statutes and regulations that need to be changed because they are no longer appropriate for new, innovative products,” said Representative Meadows. “With the necessary changes provided in HB 37, I am happy to welcome another new company to Alabama!”

“We’d like to personally thank Representative Meadows and Governor Ivey for moving this legislation forward and giving drivers in Alabama access to clean, sustainable transportation options,” said Mark Frohnmayer, CEO and Founder of Arcimoto. “We can’t wait for locals and tourists alike to explore the great state of Alabama in a pure-electric FUV.”

Arcimoto vehicles are currently available in Arizona, California, Florida, Nevada, Oregon, and Washington. As soon as sales are ready to begin in Alabama, Arcimoto will reach out to preorder customers there to complete their vehicle reservations. You can save your spot in line by placing a $100 refundable preorder at Arcimoto.com/order.

For the latest company update, check out our Full Year 2021 Stakeholder Webinar. Follow Arcimoto on YouTubeFacebookInstagramTwitterTikTok, and LinkedIn. Investor information about the company, including press releases, stakeholder webcast replays, and more can be found at http://arcimoto.com/ir.

About Arcimoto, Inc.

Arcimoto is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, our vehicles are purpose-built for daily driving, local delivery, and emergency response, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make the world a better place. For more information, please visit Arcimoto.com.

Safe Harbor / Forward-Looking Statements

Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to vehicle deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.


2 – Kawasaki Ninja Models To Be Featured In “Top Gun: Maverick”From Kawasaki Motors Corp, U.S.A.

There are few motorcycle movie scenes more iconic than Captain Pete “Maverick” Mitchell riding his Kawasaki Ninja®GPZ 900R along the flight line at United States Navy Fighter Weapons School in Miramar, California back in 1986. That scene helped cement Mitchell’s “Maverick” image as a TOPGUN hero.  36 years later, Maverick is not only back at TOPGUN, but back riding a Kawasaki, only today he chooses to ride the supercharged Kawasaki Ninja H2™ Carbon in the new Paramount Pictures blockbuster “Top Gun: Maverick” opening May 27th, 2022.

“Working with the “Top Gun: Maverick” team has been amazing,” said Kawasaki Motors Corp., U.S.A., Vice President, Marketing, Chris Brull. “When we had the chance to jump onboard and see our Kawasaki Ninja motorcycles on the big screen again, we had to be involved. We know that Maverick is a dedicated Kawasaki rider and we made sure he had a full garage of Kawasaki models.”

To celebrate “Top Gun: Maverick,” Kawasaki has partnered with Paramount Consumer Products to launch limited edition t-shirts exclusively sold at participating Kawasaki dealers in the U.S.A. These t-shirts feature both the iconic Ninja GPZ 900R featured in the original Top Gun as well as the supercharged Ninja H2 Carbon. Visit your local Kawasaki dealer while supplies last.

A total of four supercharged Ninja H2 Carbon machines and restored two Ninja GPZ 900R motorcycles were provided to the “Top Gun: Maverick” production team along with some additional surprise models that may appear in Maverick’s personal hanger featured in the film.

“Top Gun: Maverick” will premiere in theaters nationwide on May 27th, 2022 and fans can now experience the breathtaking power of the world’s only supercharged production hypersport motorcycles by owning a Ninja H2™, Ninja H2 Carbon or Ninja H2™R.

220419 Kawasaki Ninja® Models To Be Featured In “Top Gun- Maverick” (2)

About Kawasaki

Kawasaki Heavy Industries, Ltd. (KHI) started full-scale production of motorcycles over a half century ago. The first Kawasaki motorcycle engine was designed based on technical know-how garnered from the development and production of aircraft engines, and Kawasaki’s entry into the motorcycle industry was driven by the company’s constant effort to develop new technologies. Numerous new Kawasaki models introduced over the years have helped shape the market, and in the process have created enduring legends based on their unique engineering, power, design and riding pleasure. In the future, Kawasaki’s commitment to maintaining and furthering these strengths will surely give birth to new legends.

Kawasaki Motors Corp., U.S.A. (KMC) markets and distributes Kawasaki motorcycles, ATVs, side x sides, and JET SKI® watercraft through a network of approximately 1,100 independent retailers, with close to an additional 7,700 retailers specializing in general purpose engines. KMC and its affiliates employ nearly 3,100 people in the United States, with approximately 260 of them located at KMC’s Foothill Ranch, California headquarters.

Kawasaki’s tagline, “Let the good times roll.®”, is recognized worldwide. The Kawasaki brand is synonymous with powerful, stylish and category-leading vehicles. Information about Kawasaki’s complete line of powersports products and Kawasaki affiliates can be found on the Internet at www.kawasaki.com.

About Paramount Consumer Products

Paramount Consumer Products oversees all licensing and merchandising for Paramount (Nasdaq: PARA, PARAA), a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, Paramount Consumer Products’ portfolio includes a diverse slate of brands and content from BET, CBS (including CBS Television Studios and CBS Television Distribution), Comedy Central, MTV, Nickelodeon, Paramount Pictures and Showtime. With properties spanning animation, live-action, preschool, youth and adult, Paramount Consumer Products is committed to creating the highest quality product for some of the world’s most beloved, iconic franchises. Additionally, Paramount Consumer Products oversees the online direct-to-consumer business for CBS and Showtime programming merchandise, as well as standalone branded ecommerce websites for Star Trek, SpongeBob, South Park, and MTV.


3 – American Motorcyclist Association Opposes Planned E15 WaiverFrom American Motorcyclist Association

The American Motorcyclist Association strongly opposes the emergency waiver to allow summertime sales of E15 recently announced by the Biden administration, along with any attempt to weaken the already inadequate labeling standards at the pump that puts motorcyclists at risk of misfuelling.

None of the estimated 22 million motorcycles and ATVs in use in this country is certified by the U.S. Environmental Protection Agency to use fuel containing more than 10 percent ethanol by volume. E15, which contains 15 percent ethanol, is in fact illegal to use in motorcycles, boat engines, lawn mowers, chainsaws and other outdoor power equipment products.

“E15 has been shown to damage carbureted and fuel-injected motorcycles, reduce gas mileage and decrease shelf life of the gasoline,” said AMA Director of Government Relations Michael Sayre. “The fact that it is illegal to use in motorcycles, and that clear labeling at the pump is not required, poses a significant risk for misfuelling.”

A similar EPA waiver in 2018 to allow for year-round sales of E15 was challenged in court by the AMA and the American Petroleum Institute (API). A three-judge panel on the U.S. Court of Appeals for the District of Columbia Circuit determined that the waiver misinterpreted the Clean Air Act and the waiver was struck down.

The planned EPA waiver is set to be finalized before summertime sales begin on June 1. E15 sales are traditionally barred between June 1 and September 15 due to the blends’ higher volatility, which contributes to smog in the warmer months. According to the White House, the EPA will also consider working with states to expand E15 availability and modifying labeling at the fuel pump.

The AMA greatly opposes modifying labels at the pump that could potentially misinform customers. The AMA instead advocates for stronger labeling at the pump to make the potential dangers of E15 clear and concise. The inadequacy of labeling can be seen in the rise of Unleaded 88, a fuel that contains 15 percent ethanol and is deliberately mislabeled.

In lieu of proper labeling, the AMA continuously spreads awareness to members about the potential damage E15 can cause.

The EPA has acknowledged the growing scientific consensus that ethanol-blended fuels are worse for the environment than non-ethanol fuels, and economists and analysts doubt the waiver will have any measurable impact on lowering prices at the pump.

To learn more and take action, visit https://www.votervoice.net/Motorcyclist/campaigns/94109/respond.

About the American Motorcyclist Association

Founded in 1924, the AMA is a not-for-profit member-based association whose mission is to promote the motorcycle lifestyle and protect the future of motorcycling. As the world’s largest motorcycling rights and event sanctioning organization, the AMA advocates for riders’ interests at all levels of government and sanctions thousands of competition and recreational events every year. Besides offering members money-saving discounts on products and services, the AMA also publishes American Motorcyclist, a recently revitalized and monthly full-color magazine (and digital version of same) that covers current events and motorcycle history with brilliant photography and compelling writing. American Motorcyclist is also North America’s largest-circulation magazine. Through the AMA Motorcycle Hall of Fame in Pickerington, Ohio, the AMA honors the heroes and heritage of motorcycling. For more information, visit americanmotorcyclist.com.

Not a member? Join the AMA today: americanmotorcyclist.com.


4 – NPA steps up as Gold-level sponsor of Accelerate ConferenceFrom Powersports Business

With dealership registrations rolling in while the snow is still falling at PSB headquarters in Minnesota and excitement brewing for the 2022 edition, Powersports Business is proud to announce that National Powersport Auctions (NPA) has signed on to be a Gold-level sponsor of the Accelerate Conference, set for Nov. 14-16 at the Caribe Royale Resort in Orlando.

READ THE ENTIRE POST HERE – https://powersportsbusiness.com/top-stories/2022/04/18/npa-steps-up-as-gold-level-sponsor-of-accelerate-conference/


5 – Motorcycle dealers respond to website leads as quickly as car dealers now: studyFrom Powersports Business

Harley-Davidson dealerships ranked highest in the 2022 Pied Piper PSI Internet Lead Effectiveness (ILE) Motorcycle/UTV Industry Study, which measured responsiveness to internet leads coming through dealership websites – behaviors tied directly to retail sales success. Dealers selling Indian motorcycles were ranked second, followed by Polaris side-by-side dealers.

“Quick response to web customers is critical to selling, placing an order, or building the foundation for future sales,” said Fran O’Hagan, CEO of Pied Piper. “Dealers who respond quickly, personally and completely to website customer inquiries on average sell 50% more vehicles to their web customers as opposed to dealers who fail to respond.”

Dealers for four of the top scoring brands – Harley-Davidson, Indian, Polaris and Can-Am – not only scored well in 2022, but also have dramatically improved their web response behaviors over time. Over the past five years, dealers for those four brands have on average more than doubled how often they answer web customer questions by email or text, from 27% of the time in 2018 to 59% of the time in 2022.

Industry average ILE performance increased three points to 43, the industry’s highest average score to date. This year for the first time, dealers for two brands – Harley-Davidson and Indian – performed better, on average, than typical car dealers, who in general began focusing on web customers years before powersports dealers.

READ THE ENTIRE ARTICLE HERE – https://powersportsbusiness.com/top-stories/2022/04/18/motorcycle-dealers-respond-to-website-leads-as-quickly-as-car-dealers-now-study/


6 – Adventure More in the Midwest: Polaris Adventures Select Membership Program Expands to Four New StatesFrom Polaris Inc

Outdoor adventure lovers now have more ways and more reasons to explore the Midwest as Polaris Adventures, the outdoor experience arm of global powersports leader Polaris Inc. (NYSE: PII), expands their new pay-by-the-month membership program. Polaris Adventures Select provides access to the best of the Polaris product portfolio including on-road vehicles, off-road vehicles, snowmobiles and pontoons at participating Polaris Adventures Outfitter locations. Beginning today, the Polaris Adventures Select membership program is available in Michigan, Minnesota, South Dakota and Wisconsin in addition to existing programs in Arizona, Colorado, Nevada and Utah.

This first-ever monthly membership program in the powersports industry allows members to rent vehicles without the cost and long-term commitment of ownership. Tailor-made for those new to powersports as well as current riders wanting flexible riding options and access to a variety of vehicles, Polaris Adventures Select delivers more value, more flexibility and more service to any outdoor adventure experience.

220418 Polaris Adventures

“The only thing more thrilling than driving the latest Polaris vehicle is being able to drive them all,” said Vic Koelsch, senior vice president, chief digital and information officer at Polaris. “We recognize that consumers are continuing to search for new ways to explore the outdoors and, through Polaris Adventures and the Polaris Adventures Select monthly membership program, we are making it easier and more accessible to adventure all year long. Members have complete freedom of where they want to go, the ultimate flexibility of how they want to ride and more value from an exclusive membership with endless benefits and perks.”

The Polaris Adventures Select membership program is simple:

  1. Sign up to buy credits: Sign up for a pay-by-the-month membership plan. Choose from three different plans to fit any lifestyle and budget.
  2. Book adventures: Use credits to book an adventure. Pick how, when and where to ride.
  3. Go ride: Adventure awaits and membership is the perfect way to get into the driver’s seat more often, for less.
  4. Repeat: Sign up today and ride tomorrow, next month or whenever the next adventure arises.

Membership starts at $149/month. As part of the program, members acquire credits to be redeemed for product access to Polaris ATVs, Polaris RANGER®, RZR® and GENERAL™ side-by-side off-road vehicles, Slingshot® open-air roadsters, Indian Motorcycles®, snowmobiles and boats in limited markets.* Vehicles can be reserved for pick up, delivered directly to the rider’s home or reserved for an on-trail, on-road or on-water experience hosted through a Polaris Adventures Outfitter. Fuel, safety equipment, insurance and maintenance are all included.

Booking for Michigan, Minnesota, South Dakota and Wisconsin is available now and riding will begin May 18, 2022 (weather dependent).

LocationParticipating Polaris Adventures Outfitters
MichiganCounty Wide Adventures: Harbor Springs, MIRZR Ripn’ Rentals: Saint Helen, MI3 Wheel Rentals: Troy, MIWildlife Refuge Cabins, Atlantic Mine, MIBest Bear’s Off-Road Adventures: Irons, MI
MinnesotaPower Lodge Adventures: Brainerd, MNLake Darling Resort: Alexandria, MNYour Boat Club Waconia: Waconia, MNERX Motor Park: Elk River, MN
South DakotaAdventure Rentals: Custer, SDSpearfish Canyon Lodge: Lead, SDAdventure Rentals Hill City: Hill City, SDIndian Motorcycle Sturgis: Sturgis, SD
WisconsinTrailhead Adventures: Rice Lake, WIThrottle RX Rentals: Danbury, WIHayward Power Sports: Hayward, WIBear Bogging Adventure Tours: Warrens, WIB&B Adventures: Mercer, WITrack Side Rentals: Eagle River, WIIndian Motorcycle Rentals: Milwaukee, W

In addition to these new Midwest locations, Polaris Adventure Select membership is also available in Arizona, Colorado, Nevada and Utah. Members can ride in their backyard or at any other Polaris Adventures Outfitter location nationwide – more than 175 in total.

Interested riders can reserve their membership by visiting adventures.polaris.com/select-membership-program/.

About Polaris Adventures:

Polaris Adventures brings together a network of Outfitters to provide premium ride and drive experiences at epic destinations nationwide. Creating safe, memorable, year-round adventures for all skill levels, Polaris Adventures offers worry-free half and full-day options for couples, families and adventure groups in state-of-the-art Polaris vehicles. Visit adventures.polaris.com to learn more.

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. With annual 2021 sales of $8.2 billion, 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; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; snowmobiles; and deck, cruiser and pontoon boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with parts, garments, and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets includes military and commercial off-road vehicles, quadricycles, and electric vehicles. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe. www.polaris.com

*Not all vehicles are available at every Outfitter location. Check with local Outfitters to confirm availability. Marine only available in Arizona and Minnesota currently with future plans to expand.


7 – Polaris Slingshot Reclassified in the State Of New YorkFrom Polaris Inc.

Polaris Slingshot, the show-stopping, the adventure-seeking three-wheel open-air motorcycle has announced that beginning April 20, drivers in New York can operate a Slingshot with a standard D-class driver’s license, instead of the previously required motorcycle endorsement. The state of New York has both reclassified the three-wheeled motorcycle as a three-wheeled motor vehicle (often referred to as “autocycle”) and provided operator licensing requirements similar to nearly every U.S. state.

Polaris Slingshot does not operate as a traditional motorcycle, offering a unique three-wheel configuration with two wheels in the front, one wheel in the rear, a steering wheel, side-by-side bucket seats, seat belts, and an automated manual transmission or manual transmission option typically found in traditional automobiles.

“We’re excited to open up the door for more New Yorkers to experience the open-air driving experience only a Polaris Slingshot delivers,” said Chris Sergeant, Vice President of Polaris Slingshot.

Currently, Slingshots are well-represented in the state with an engaged group of owners and dealers. Enabling people to enjoy the Slingshot ride with a driver’s license fulfills the desire heard by many who are eager to get behind the wheel and join in the community. Whether it’s a beautiful backdrop of winding roads in upstate New York or the hustle-and-bustle of New York City, the state offers endless destinations to make the most of the Slingshot’s open-air experience.

Fusing style and excitement with limitless personalization opportunities, the 2022 Slingshot lineup empower drivers to make their mark by defining their ride and choosing their own adventure. From the entry-level S model (MSRP $20,799) to the top-of-the-line Signature LE (MSRP $35,799), there is an option for all interested in the driving exhilaration that only a Slingshot can deliver.

New product updates for 2022 including an all-new Vented Sport Hood, stylish Excursion Top, and premium Brembo® Brakes can be further enhanced by thoughtfully curated accessory collections from Slingshot, providing owners with endless personalization options to truly make their mark.

Slingshot offers four curated collections to dramatically enhance the Slingshot experience for the driver’s personal preference and driving style. Some of the enhanced features within these collections include a 100-watt Rockford Fosgate® audio system, a seven-inch touchscreen display powered by RIDE COMMAND, Apple CarPlay®, and a Premium Interior Lighting Kit by XKGlow®, which allows owners to outfit the interior of their Slingshot with six LED lights and LED light pods in various locations. With the mobile Slingshot LED app, owners can simultaneously set two different light zones to any color and choreograph the lights while music plays.

Learn more about the entire 2022 Slingshot lineup at Slingshot.Polaris.com or on social media: Facebook.com/PolarisSlingshot@Slingshot on Twitter, and @PolarisSlingshot on Instagram. For information on Slingshot rental locations, visit Adventures.Polaris.com.

About Polaris Slingshot

Polaris Slingshot, a wholly-owned brand of Polaris Inc. (NYSE: PII), continues to define the category through style, ride experience, and community with our three-wheeled autocycle. With AutoDrive and manual transmission options, an open cockpit, side-by-side seating, 5” ride height, and a 2.0-liter 4 cylinder engine, Slingshot comes in a variety of models that are sure to make a statement. Step into a Slingshot for an adventurous and unrivaled ride experience. Learn more, visit slingshot.polaris.com.

Slingshot is a three-wheeled motorcycle. It is not an automobile. It does not have airbags and it does not meet automotive safety standards. Three-wheel vehicles may handle differently than other vehicles, especially in wet conditions. Always wear a DOT-approved full-face helmet and fasten seatbelts. The Driver may need a valid motorcycle endorsement. Drive within the limits of the law and your own abilities. Read, understand, and follow your owner’s manual. Never drive under the influence of drugs or alcohol. Unless otherwise noted, trademarks are the property of Polaris Industries Inc. © 2021 Polaris Industries Inc.

ROCKFORD FOSGATE® is a registered trademark of Rockford Corporation.
Apple CARPLAY® is registered trademarks of Apple Inc.
XKGLOW® is a registered trademark of Danial E. Julian DBA XKGLOW
Brembo® is a registered trademark of Freni Brembo S.p.A. Corp of Italy


8 – Did your dealership stand out in 2021? Let’s hear about it!From Powersports Business

Did your dealership and its team achieve benchmarks for success in 2021? Are you building off that momentum from your outstanding efforts in 2022? Nominations for the 2022 Powersports Business Best in Class Dealership Awards, showcasing the success of dealerships of all sizes in a particular segment of their business, are rolling in to PSB world headquarters. Deadline for nominations is June 1, but go ahead and complete it today while the sun has disappeared in it’s still snowing in some parts of the country!

READ MORE AT https://powersportsbusiness.com/top-stories/2022/04/20/did-your-dealership-stand-out-in-2021-lets-hear-about-it/