H-D will pay a cash dividend of $0.15 per share for the third quarter of 2021 on September 24 to shareholders of record of the company's common stock as of September 10, 2021.
Owned by Revzilla and Cycle Gear owner Comoto, J&P Cycles has embarked a program of 'Brick and Mortar' custom parts store openings to complement its facilities at Daytona and Sturgis. Two new stores have opened so far - at Taylor, Michigan (outside Detroit) and deep in the heart of Dolly Parton country at Pigeon Forge, TN., just north of the Great Smokey Mountains - one of America's most popular riding areas.
Harley has reclaimed 6th spot in market share terms in Germany for the period January to July 2021 with 5,037 units sold for a 5.95% share. With the withdrawal of the air-cooled Sportsters from the German market this year, its top seller has been the Sport Glide (576 units sold YTD), followed by the Breakout 114 and the Street Bob 114. Indian has slipped to 13th spot with 1,235 units sold YTD for a 1.46% share.
PSB reports that MotorCity H-D has been acquired by Paul Veracka - the dealership becoming the newest and 10th member of his PVM Enterprises operation, it will now be a sister store to the Motown H-D outlet Veracka already owns in the Detroit Metro area. PVM additionally owns Harley outlets in Massachusetts, New Hampshire, Pennsylvania, Maryland, New York, Florida and Michigan. Collectively, it is reported that Veracka's company will sell more than 10,000 H-D motorcycles this year.
The AMA has announced that its Vintage Motorcycle Days ("the world's best vintage motorcycling bash") will return to the Mid-Ohio Sports Car Course (Lexington, Ohio) next year, with the 30th staging of its popular celebration of vintage motorcycles being staged there on July 22-24, 2022. The event was first staged in 1992 and moved to the present venue in 1995.
RumbleOn, Inc (NASDAQ: RMBL), the e-commerce based pre-owned vehicle buy/sell and finance business, has now successfully completed its merger with Brick & Mortar dealer network RideNow. The company describes itself as "the first omnichannel consumer experience in powersports in North America and the first public company in this vehicle segment."
BRP announced increased revenues of $670.5m (+54.4%) for the three-month period ended July 31, 2021. Year-Round Products were 50% of revenues at $955.6m (+$334.4m/53.8% compared to the year ago). Revenue from Seasonal Products increased by $251.8m (+78.0%). Powersports PA&A and OEM Engines increased by +$39.6m (+18.9%). The company's North American retail sales for powersports vehicles decreased by
-19% for the period, mainly driven by limited product availability. Year-Round Product retail sales decreased on a percentage basis in the mid-twenties range, with seasonal unit retail sales down high single digits. Gross profit was +$321.7m/ +129.5%, to $570.1m.
Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles.news, RideApart.com, Motor1.com, Cycle World, motorbikewriter.com
