Aftermarket Moto Design 299 June AMD 299 June 2024 | Page 20

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NEWS

BRIEFS

Doubts persist about the future viability of the FIA endorsed World SuperCross Championship ( WSX ) series - as of May 16 , 2024 , no new schedule of events had yet been announced for the upcoming season . The series ' website simply said that a 2024 schedule would be " coming soon ." Designed to rival the SuperCross and Arena Cross championships in America as a " true world championship ," WSX has suffered from lack of funds and available venues and dates ever since its pilot season in 2022 . Operated by Melbourne , Australia based SX Global , its key founding backer - the Abu Dhabi based asset management arm of the United Arab Emirates sovereign wealth fund - Mubadala Capital , withdrew in 2023 . Controversial from the start , WSX was interpreted by many as a not so subtle international FU to the US Supercross and Arenacross programs . Although new investors were found ( Kyril and Robert Louis-Dreyfus and Juan Sartori ), the 18 months of operation so far has mostly been characterized by event cancellations and unrealized ambition ; wsxchampionship . com
Ex H-D and V & H Sr . Executive Mike Kennedy joined Texas headquartered RumbleOn ( NASDAQ : RMBL ) as CEO in November 2023 . In announcing its Q4 , 2023 results , Kennedy said : " During the final quarter of 2023 , we were able to accomplish several capital and balance sheet initiatives that put us in a favorable position to start 2024 , including successfully completing a $ 100m rights offering , selling non-core assets , making significant progress to integrate our prior acquisitions , right-sizing pre-owned inventory values and reducing term debt ."
In a recent Schedule 14A SEC filing , H-D noted that " Balancing pay-forperformance with shareholder alignment is a hallmark of our executive compensation program ." The filing went on to record the Human Resources Committee of the Board of Directors (" HRC ") having approved a 2023 Supplemental LiveWire STIP ( Short-Term Incentive Plan ) payment of $ 1.5m for CEO Jochen Zeitz in recognition of his success in separating LiveWire from H- D , successfully standing it up as a separate company , and recruiting a highly qualified CEO for LiveWire in Karim Donnez - " in order to reinforce the objectives of The Hardwire strategy and successfully develop and implement LiveWire ' s strategies . The LiveWire spin-off in September 2022 was directly tied to a Hardwire strategic priority to lead in electric ."

Harley Completes 4-Hour German Endurance Cup at the Nürburgring

German Harley-Davidson racing teams were on the track with Performance Baggers and Hooligan Bikes for the May 11 4-Hour German Endurance Cup second round at the iconic 20 km / 13 mile long Nürburgring , the first in the world to take part in endurance races on Harley-Davidson bikes and not on Supersports models . " Although the tough competition demanded a lot of man and material , the H-D riders fought several adrenaline-filled battles with their competitors throughout the race , until finally both Harley teams crossed the finish line ." Under the direction of team principal André Jäger , the experienced riders Thilo Günther and Andreas Schäfer ( Team Performance Baggers ) as well as Yves Grund and Christoph Lietsch ( Team Hooligan Bikes ) " stirred up the Superbike class full of enthusiasm and energy ." Two- and three-cylinder engines with more than 1,000 cm3 and at least 90 hp at the rear wheel are allowed to compete .
The MIC has reported that among leading brands , sales of new motorcycles and scooters decreased by -5.6 % through the first quarter of 2024 , compared to the same period the previous year . ATVs decreased -4.8 % among leading brands . However , through March , On- Highway sales rose by + 2.1 %. Scooter sales were down by -5.6 %; after strong recent growth , ADV models ( aka ' Dual Sport ) were down by -6.0 % ( -1,117 units ); Off-Highway motorcycles were down by a massive -18.3 % as the explosive dirt bike and MX pandemic era growth appears to be continuing to unwind ( -7,047
Their machines are called " Lap Record " and " Plan B " - project bikes based on the Sportster S and Pan

Q1 2024 USA On-Highway Unit Sales + 2.1 %

units ). Motorcycles and scooters accounted for 76.4 % of total new unit sales through Q1 and ATVs represented 23.6 %; total powersports industry
America 1250 models - as well as " Lil Baggy " and " From Road to Race ", two race bikes based on the Road Glide ST that have been endurance race-prepared by Harley-Davidson Rhein-Neckar , Harley-Davidson Düsseldorf and Dr . Jekill & Mr . Hyde . In addition to the Dutch exhaust specialist , Wilbers Suspension Products , Metzeler , Don Performance and Thunderbike Harley-Davidson Niederrhein are committed to the teams . Parts Europe supported with the supply of spare parts . www . harley-davidson . com
vehicle unit sales as monitored by the MIC were down by -5.4 % for a total Q1 loss of -8,848 units compared to the year-ago period . www . mic . org
Quarterly Retail Sales Flash Report - March 2024
Vehicle Type
General
Q1
Q1
Unit
%
Type
2024
2023
Change
Change
Motorcycle
SCOOTER
3,312
3,508
-199
-5.6
Motorcycle
ON-HWY
66,290
64,940
1,350
2.1
Motorcycle
DUAL
17,586
18,703
-1,117
-6.0
Motorcycle
OFF-HWY
31,514
38,561
-7,047
-18.3
Motorcycle
TOTAL
118,702
125,712
-7,010
-5.6
ATV
ATV
36,649
38,487
-1,838
-4.8
GRAND
GRAND TOTAL
155,351
164,199
-8,848
-5.4
20 AFTERMARKET MOTO DESIGN - JUNE 2024 www . AMDmag . com