Aftermarket Moto Design 284 March 2023 AMD 284 March 2023 | Page 14

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NEWS

BRIEFS

Having failed to book the thenavailable ( and all still alive ) Rolling Stones for the 100th anniversary ( fans got Elton John instead !), the Motor Company has left nothing to chance by hiring Foo Fighters and Green Day to headline its 2023 Homecoming Festival at the Veterans Park , Milwaukee , in July . Harley is billing this Homecoming as a " four-day moto-culture festival , set for July 13-16 at multiple venues in the Milwaukee area , the city where it all began for the Motor Company in 1903 ." Six Milwaukee-area Harley- Davidson dealerships will also be hosting events and entertainment - including House of Harley-Davidson ( Greenfield ), Milwaukee H-D ( Milwaukee ), Suburban Motors ( Thiensville ), Uke ' s H-D ( Kenosha ), West Bend H-D ( West Bend ) and Wisconsin Harley-Davidson ( Oconomowoc ).
Tucker Powersports has announced a dealer support program which will pay the National Powersports Dealer Association ( NPDA ) membership fees for Tucker dealers . Tucker will pay 100 % of the annual membership fee for dealers who meet a certain annual purchase level and 50 % of membership fees for dealers at a reduced purchase level .
Polaris Slingshot has partnered with Roush Performance on a special edition model " designed with racetrack attitude for drivers who want to win over the streets and draw envious stares ." Polaris says this is the first ever cross-branded Slingshot . Built on the Slingshot R platform , it uses the 203 hp ProStar engine .
Volcon ePowerSports has announced pre-production orders for its flagship ' Stag ' all-wheel-drive fully electric UTV having eclipsed $ 116,000,000 , with over 90 % of these orders coming from its network of 151 dealers across the U . S . and its six distributors in South and Central America and the Caribbean region . The ' Stag ' will be powered by General Motors ' Ultium electric propulsion system technologies . Dealer deliveries are slated to begin as early as June 2023 . Pre-production orders for dealers and distributors did not require any upfront payment and are non-binding . Consumer preproduction orders require a $ 100 reservation fee , but are also nonbinding .

Polaris 2022 Record Results

Polaris has reported a record full year worldwide sales of $ 8,589m in 2022 , up 15 % compared to 2021 . Record fourth quarter sales were $ 2,404m , up 21 % compared to last year . Diluted earnings per share from continuing operations was also a record , at $ 10.04 , up 27 % versus 2021 ; adjusted diluted earnings per share from continuing operations was $ 10.40 , up 15 %. Primary sales drivers for the fourth quarter are cited as being higher volumes , strong pricing and favorable mix , offsetting foreign exchangerelated headwinds . Retail sales for the quarter were down 6 % versus last year despite improving performance in utility Off Road and Indian Motorcycle , offset by softness in recreational Off Road demand . The On Road Segment results from its January 31st Q4 / FY2023 financial year announcements are also said to have been primarily driven by sales being bolstered by a modestly improving supply chain environment , as well as favorable mix and price . North America unit retail sales for
Described as combining " timeless American style with quality performance-oriented componentry ," Indian Motorcycle says that its new Sport Chief is " its most aggressive iteration of the iconic Indian Chief ,
CONSOLIDATED STATEMENTS OF INCOME ( LOSS ) ( in thousands US $)
Three months ended December 31
Twelve months ended December 31
2022
2021
2022
2021
Sales
2,404.1
1,992.6
8,589.0
7,439.2
Cost of sales
1,831.1
1,590.9
6,629.5
5,688.3
Gross profit
573.0
401.7
1,959.5
1,750.9
Operating expenses : Selling and marketing
133.0
109.8
480.8
458.2
Research and development
100.6
79.6
366.7
328.7
General and administrative
97.2
65.0
355.9
305.8
Total operating expenses
330.8
254.4
1,203.4
1,092.7
Income from financial services
14.7
12.6
48.4
53.8
Operating income
256.9
159.9
804.5
712.0
Net income
195.5
86.8
447.6
494.3
Diluted Net income per share : $ 3.34 $ 1.40 $ 7.44 $ 7.88
Indian Motorcycle were up low-single digits percent . North America unit retail sales for the comparable motorcycle industry were down midsingle digits percent . Of its Q4 worldwide sales of $ 2,404m ( up 21 % versus the fourth quarter of

Indian Sport Chief

building upon one of the most historic and influential motorcycle namesakes of all time ." Featuring FOX piggyback shocks ( that increase travel to four inches and lean angle to 29.5 degrees compared to
2021 ), North America sales of $ 2,108m represented 88 % of total company sales and increased 23 % from $ 1,715m in 2021 . International sales of $ 296m represented 12 % of total company sales and increased 7 % versus the fourth quarter of 2021 . Snow season-to-date unit retail sales were down due to sale and ship holds associated with recalls . Polaris North America ORV unit retail sales were down mid-single digits percent . Estimated North America industry ORV unit retail sales were down low-single digits percent . The company expects 2023 sales to be flat to up 5 % versus 2022 .
other Indian Chief models ), KYB inverted front forks ( as featured on Indian Challenger models ) and dualdisc , four-piston , semi-floating caliper ,
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