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As the struggle continues in USA about open access to OEM ECU data , in Europe the legal entitlements to such access have been further strengthened by a decision of the European Court of Justice that manufacturer-specific restrictions on access to vehicle onboard diagnostic systems ( OBD ) are unlawful . The decision is designed to make it clear that so-called security gateways introduced by OEMs under the pretext of cybersecurity are unfair and contrary to EU law . The clear message is that EU regulations must be complied with , without putting obstacles in the way of dealers or workshops seeking access to vehicle data , with all dealers and aftermarket operators having equal access to vehicle data , features and resources to ensure fair competition .
Youngsville , NC . based aftermarket LED lighting and accessory specialist Custom Dynamics ' President and CEO Dave Pribula has announced additions to his management team . Mitchell , SD . based Dan Cheeseman (" an integral part in founding Klock Werks ") becomes Chief Strategy Officer . Milwaukee , WI , based Rob Bluma becomes Chief Sales Officer , having been the Central Regional Sales Manager for Drag Specialties , Custom Dynamics ' exclusive V-twin distributor .
The AMA has announced that it will be celebrating its 100-year anniversary at the 2024 Permco AMA Vintage Days at the Mid-Ohio Sports Car Course in Lexington , Ohio , July 26-28 , 2024 . AMA Vintage Motorcycle Days is organized to raise funds for the American Motorcycle Heritage Foundation , a 501 ( c )( 3 ) nonprofit that helps fund the AMA Motorcycle Hall of Fame ' s mission to promote and preserve the history of motorcycling in America .
Polaris Q3 - " Results Lower Than Expectations "
Polaris Inc . ( NYSE : PII ) third quarter 2023 results report worldwide sales of $ 2,249m , down 4 % versus the third quarter of 2022 . North America sales of $ 1,986m represented 88 % of total company sales and decreased 4 % from $ 2,069m in 2022 . International sales of $ 263m represented 12 % of total company sales and decreased 3 % versus the third quarter of 2022 . Total company sales in the third quarter of 2023 were negatively impacted by lower shipment volumes and higher finance interest . On Road segment sales were primarily driven by lower volumes , with PG & A sales down 6 %. Gross On Road segment profit margin performance was driven by favorable product mix . North America unit retail sales for Indian Motorcycle were down low-teens percent . Estimated North America unit retail sales for the comparable motorcycle industry were down mid-teens percent . Mike Speetzen , Chief Executive Officer of Polaris Inc ., is quoted as saying : " Our third quarter results were slightly lower than our expectations , as elevated manufacturing costs and an increasingly cautious consumer environment put added pressure on our results . " While overall sales declined , North American retail was up 5 % in the quarter , and we took share across each segment of our business , which included achieving the No . 1 share position for midsize motorcycles in North America . " Considering recent trends of retail softness and margin pressure , we have revised our full-year guidance ,
Mike Speetzen , Chief Executive Officer of Polaris Inc : " While overall sales declined , North American retail was up 5 % in the quarter , and we took share across each segment of our business ."
and the team remains focused executing our plans to close out the year . With new products that continue to resonate with dealers and consumers , we have strengthened our position as innovative leaders in the industry while remaining laser focused on efficient operations ." Primary sales drivers were lower ship volumes and higher finance interest . Powersports retail sales for the quarter were up 5 % versus last year , driven by double digit growth in utility ORV , more than offsetting softness in Polaris ' recreational ORV and On Road segments , but the company says it has seen market share gains in Off Road , On Road and Marine .
Third quarter reported diluted earnings per share from continuing operations was $ 2.62 , down 17 % versus last year ; adjusted diluted earnings per share from continuing operations was $ 2.71 , down 17 % versus last year . Third quarter net income from continuing operations attributable to Polaris of $ 152m decreased 20 % and diluted earnings per share from continuing operations (" EPS ") of $ 2.62 decreased 17 % compared to the third quarter of 2022 . Adjusted net income from continuing operations attributable to Polaris for the quarter was $ 157m , down 20 %. Gross profit margin decreased 127
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