News Briefs

For the three months ended July 31, Dallas-based Copart, Inc., parent company of National Powersport Auctions (NPA), reported revenue, gross profit and net income of $525.7m, $250.4m and $165.5m, respectively - a -$16.9m (-3.1%) decrease in revenue - but a +$7.8m/+3.2% increase in gross profit. For the year ended July 31, revenue, gross profit and net income were up at $2.2bn, $1.0bn and $699.9m, respectively.
 

Italian chain manufacturer Regina is launching what it claims is the world's first ever maintenance-free motorcycle chain. The innovative and revolutionary high performance Endurance (HPE) Z-ring chain eliminates the required periodic re-lubrication that motorcycle riders have traditionally performed every 1,000 km. The 'secret sauce' is a hydrogen-free Tetrahedral Amorphous Carbon (ta-C) coating, currently considered as the most advanced among DLC (Diamond Like Carbon) coatings that is applied on the surface of the bushings and rollers.

Tucker Powersports has added SENA rider communications, information and entertainment products to its online Tucker University vendor and product range learning center. Featured products include the SENA 50 Series, OutRush helmet and SENA 5S.

Italian electric sportsbike manufacturer Energica has signed with FreedomRoad Financial to offer retail loans to customers via the U.S. Energica dealer network for new, used and certified pre-owned Energica motorcycles from all model years.

Owners Todd Gaines and Don O'Shea have announced the closure of their Indian Motorcycle of Libertyville dealership, north of Chicago, Illinois. Through IPS (Indian Performance Solutions), the company was known for its "Breakthrough Performance Package" for the 111" Indian Thunderstroke engine - a newly cast cylinder head with redesigned combustion chamber and intake port.

 

Despite apparent production timeliness issues - even before the COVID-19 pandemic - Indian manufacturer Royal Enfield looks set to hammer another stake into the low price-point, low displacement market (if not exactly into the heart of Harley's Pan America ambitions) with the launch of a new $4,999 411 cc SOHC air-cooled single, switchable ABS equipped 'Himalayan' ADV model. The interim Business Head and President of Royal Enfield Americas says it is all about "the affordability, versatility and capability."

On July 14, Missouri became the most recent U.S. State to repeal its compulsory helmet law, one that has been in force for 52 years. However, certain criteria need to be met in order to be able to ride without a lid. Riders have to be at least 26 years of age, with a full riding license and proof of health insurance. However, law enforcement officers are not permitted to pull a non-helmet wearing rider over to check if they meet those criteria.


Sources: AMD, IDN, FT, Reuters, PSB, MPN, B&B, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles.news, RideApart.com, Motor1.com