Sources : AMD , IDN , FT , Reuters , PSB , MPN , BDN , MCN , AP , Bloomberg , MSNW , Electrek , electricmotorcycles . news , RideApart . com , Motor1 . com , Cycle World , motorbikewriter . com
BRIEFS
The MIC reports Q2 new-model motorcycle sales among leading brands were + 15.2 % in USA . Compared to the year-ago period , YTD sales of on-highway models were + 25.2 %; dual sport models + 16.7 %; scooters + 8.3 %. Only offhighway sales dipped slightly through Q2 , by -3.2 %.
Polaris has announced a regular quarterly cash dividend of $ 0.63 per share payable on September 15 , 2021 to shareholders of record at the close of business on September 1 , 2021 .
The eight AMA Hall of Fame inductees for 2021 are Dave Arnold , Nancy Davidson , Gary Denton , Tommy Hays , Loretta Lynn , Scott Plessinger , Kenny Tolbert and Ryan Villopoto . " The AMA Motorcycle Hall of Fame Class of 2021 includes men and women who have excelled in competition , promotion and advocacy of the sport we all love ," said AMA President and CEO Rob Dingman . " They have advanced motorcycling in areas as diverse as amateur motocross to American V- twin culture ." They will be recognized at the annual Hall of Fame dinner ( October ) located on the AMA campus in Pickerington , Ohio .
In addition to acknowledging that it will eventually adopt common-platform swappable batteries with rivals Honda , Kawasaki and Suzuki , Yamaha has stated that while it only expects 2.6 % of bikes to be electric by 2030 , it projects a rapid increase after that , reaching 20 % by 2035 and 90 % adoption by 2050 , with lowcarbon technologies like synthetic fuel accounting for much of the remaining combustion-engined market at that stage .
LeMans Appoints Paul Langley as New Chairman
Fred Fox founded LeMans in the basement of his house in 1967 and since then has dedicated his life to building LeMans into a leading global powersports distribution company with 1,100 + employees and eight warehouses . Indeed , Fred ' s drive and determination has done much to shape the parts and accessory aftermarket we have today , and his leadership and the team he has built have made major contributions to the businesses his company buys from and sells to .
Polaris Reports Record Second Quarter Sales
Polaris Inc . has reported Q2 sales increased + 40 % to $ 2,117m - reported gross profit margin was 26.0 %, up by 403 basis points over the prior year . The company states that the increase was primarily due to lower promotional costs and increased pricing , partially offset by increased input costs including supply chain constraints , logistic , labor and commodity prices . North American retail sales decreased -28% for the quarter compared to uncharacteristically strong retail sales in the year-ago period , driven largely by low product availability due to supply chain constraints limiting production . On a two-year basis , retail sales were up + 14 % over second quarter 2019 pre-COVID levels and
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However , on reaching 85 years of age , Fred has decided to slow down a little in the new role of Chairman Emeritus . Paul Langley has been named Chairman of LeMans . " I have enjoyed a strong partnership with LeMans for the past twenty plus years and know that LeMans is one of the most successful and well managed companies in our industry ," said Paul . " I am honored to serve as Chairman , which is a privilege I must earn each day forward . " There will be a steep learning curve , new problems to solve ,
and I look forward to working with familiar and new faces in our electrifying industry . Having Fred close by affords me the benefit of tapping into his wisdom on a regular basis ." LeMans is the parent company of Parts Unlimited , Drag Specialties , Parts Canada and Parts Europe . Paul is no stranger to senior powersports industry management roles , having successfully served in leadership roles with S & S Cycle , Vance & Hines and Dynojet .
CONSOLIDATED STATEMENTS OF INCOME ( LOSS ) ( in thousands US $) |
Three months ended June 30 |
Six months ended June 30 |
|
2021 |
2020 |
2021 |
2020 |
Sales |
2,117.2 |
1,511.8 |
4,068.3 |
2,917.0 |
Cost of sales |
1,565.8 |
1,179.1 |
3,036.4 |
2,291.4 |
Gross profit |
551.4 |
332.7 |
1,031.9 |
625.6 |
Operating expenses : Selling and marketing |
154.2 |
119.6 |
300.1 |
269.8 |
Research and development |
88.8 |
66.8 |
168.3 |
145.2 |
General and administrative |
107.5 |
87.9 |
194.6 |
166.4 |
Goodwill and other intangible asset impairments |
-- |
379.2 |
-- |
379.2 |
Total operating expenses |
350.5 |
653.5 |
663.0 |
960.6 |
Income from financial services |
13.7 |
25.4 |
29.9 |
45.1 |
Operating income |
214.6 |
( 295.4 ) |
398.8 |
( 289.9 ) |
Net income |
158.4 |
( 235.4 ) |
292.5 |
( 240.8 ) |
Diluted Net income per share : $ 2.52 $( 3.82 ) $ 4.63 $( 3.90 )
64 AFTERMARKET MOTO DESIGN - SEPTEMBER 2021 www . AMDchampionship . com