market share improved during the quarter for its ORV and boat sector operations . Motorcycles segment sales , including PG & A , totaled $ 212m , up + 50 percent compared to the second quarter of 2020 , driven by increased sales of Slingshot , Indian Motorcycles and related PG & A . Gross profit for the second quarter of 2021 was $ 24m compared to $ 4m in the second quarter of 2020 . As with the overall corporate performance , the increase in gross profit margin was driven by increased volume and lower promotional costs , partially offset by increased input costs from supply chain constraints . North American consumer retail sales for Indian Motorcycles increased high-twenties percent during the second quarter of 2021 in a mid-to-heavyweight twowheel motorcycle industry that was up mid-thirties percent . North American consumer retail sales for Polaris ' motorcycle segment , including both Indian Motorcycle and Slingshot , increased low-twenties percent during the second quarter of 2021 . North American consumer retail sales for the motorcycle industry , including both twowheel and three- wheel ,
North American consumer retail sales for Indian Motorcycles increased hightwenties percent during the second quarter of 2021 in a mid-to-heavyweight two-wheel motorcycle industry that was up mid-thirties percent .
More OEMs Confirm for EICMA
As the motorcycle industry worldwide continues to watch the COVID situation in Italy ( especially ), hoping that nothing will derail this year ' s EICMA ( Milan , November 23 - 28 ), a slew of good news about preparations for the show includes confirmation by Yamaha , MV Agusta , Kymco , Motori Minarelli and Fantic that they are among the OEMs that they will exhibit . The background to this , of course , being the 2020 announcements by both BMW and KTM that they were going to abandon the major international shows , and the pandemic-driven decision to cancel EICMA last year . Yamaha Motor Europe says it made this decision " thanks to the positive progression of the international and national vaccination programs and the steady easing of the restrictive measures against COVID-19 in Europe , and Italy in particular . " The expectation is that by the end of November visiting large exhibitions will be possible again . Preventive safety measures to contain COVID-19 will still be implemented , in cooperation with the EICMA organization , to secure a pleasant and safe visit to the show . In that respect , the size of the Yamaha stand will be enlarged in comparison to 2019 to allow visitors more personal space ." Eric de Seynes , President and CEO of Yamaha Motor Europe N . V ., is quoted as saying : " The
Polaris Inc . CEO Mike Speetzen : " We delivered double digit sales and earnings increases compared to our pre-Covid results from the second quarter and first half of 2019 ."
increased mid-thirties percent during the second quarter of 2021 . Indian and Slingshot market share losses were driven by a lack of product availability during the quarter driven by supply chain challenges . Polaris Inc . CEO Mike Speetzen is quoted as saying : "' Think Outside ' is resonating with new and current customers alike , with continued strong demand and second quarter results that beat last year ' s COVID-impacted quarter , as anticipated . " Even more notable , we
decision to attend EICMA was not an easy one to make for obvious reasons . However , after having observed the trend related to the evolution of COVID-19 and being reassured by the EICMA organization that we can provide a safe environment for all visitors , we believe it is the right decision to support the return of such an event . " With arguably the largest international reach , EICMA has
delivered double digit sales and earnings increases compared to our pre-COVID results from the second quarter and first half of 2019 . All of our segments performed extremely well , posting strong increases in both sales and profitability in the face of a challenging supply chain and increasing input cost environment . " While supply chain-related headwinds and higher input costs will continue into the second half of the year , the Polaris team ' s operational dexterity and nimble approach has been nothing short of spectacular . I remain confident in our ability to meet the product demands of our dealers and consumers and deliver value for our shareholders ." 2021 Business Outlook - Given the 2021 first half results , and the expected continued solid retail demand and current dealer pre-order sales from consumers , the Company is increasing its full year earnings guidance and now expects adjusted net income to be in the range of $ 9.35 to $ 9.60 per diluted share , compared with adjusted net income of $ 7.74 per diluted share for 2020 . Full year 2021 sales guidance was narrowed and is now expected to be in the range of $ 8,375 to $ 8,500m , up 19 to 21 %.
great significance for our industry , being a unique moment and place where the motorcycle community can come together to feel the reaction from media and customers to the new products , keeping the connection with them alive and providing inspiration towards future trends . While we have yet to return to what most of us consider normality , this year ' s event provides the first opportunity for enthusiasts to come together and be connected again physically , rather than virtually ."
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