This year sees Brian Klock celebrating 25 years in business of his Mitchell, South Dakota based Klock Werks, parts, accessory and custom bike building operation. Best known for its Flare branded windshields, Klock has diversified his range and gone into new sectors in recent years such as the burgeoning UTV P&A segment. His company has successfully leveraged its close custom bike building program with Indian Motorcycle (its limited edition Jack Daniel's series has been an annual highlight for several years now) by additionally developing a fast growing parts and accessory program for Indian models as well as Harleys. Congratulations Brian! www.getklocked.com
Citing data from its Retail Sales Reporting System, the Irvine, Ca. based MIC has said that new on-highway motorcycle sales among leading brands through Q3 2021 were up by +13.7% compared to the year-ago period. The MIC's data capture provides a strong indicator of total sales trends by gathering new motorcycle retail sales data from 14 leading manufacturers and distributors in the United States.
After 22 years, Rommel Harley-Davidson of Annapolis, Maryland, has closed down. Locations at Salisbury, MD, and Smyrna, DE, are still trading.
PIERER Mobility has announced an 11th consecutive record year. The KTM, Husqvarna and GasGas owner has reported 332,881 total motorcycle unit sales for 2021 (+23% compared to the 270,407 sold in 2020) with an additional 102,753 bicycle sales (+40%), of which 78,916 were E-bicycles (+37%). Once all the money has been counted, revenue is expected to be IRO +30%, with an EBIT margin of around 9%. Around 120,000 of motorcycle unit sales were in Europe with around two thirds (approx. 210,000 sold in markets outside Europe), with North America, India and Australia the strongest export markets.
RumbleOn, Inc. (NASDAQ: RMBL), "the nation's first technology-based Omnichannel marketplace in powersports," has completed its acquisition of a Beach Boulevard, Jacksonville, Fl. based powersports retail location - giving it 'Brick & Mortar' franchises for Yamaha Powersports, Yamaha Marine and Boats, Yamaha PWC, Suzuki, Benelli, KTM, CFMoto, Zero Electric Motorcycles, Ranger Boats and Tidewater Boats. Last year RumbleOn "merged" with the Tempe, Az. based dealer group RideNow and additionally has acquisition of Kevin Lackey's Texas based Freedom Powersports dealer network pending as it continues to shift from being an entirely online operation.
Polaris Inc. (NYSE: PII) has taken advantage of historically low interest rates to enter into an incremental $500m 364-day unsecured term-loan facility, "further enhancing the company's strong liquidity position," according to VP & CFO Bob Mack. "The proceeds will be used for general corporate purposes, providing additional flexibility to execute our capital allocation priorities of organic growth investments in our businesses and the execution of our $1bn share repurchase authorization."
Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles.news, RideApart.com, Motor1.com, Cycle World, motorbikewriter.com