Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles. news, RideApart. com, Motor1. com, Cycle World, motorbikewriter. com

San Jose H-D( Cliff Chester) has been acquired by the owners of another SF Bay Area dealership- Oakland H-D( Mike Genthner and Jess Bettencourt).

The National Powersports Dealer Association( NPDA) has announced Sept. 21-23 as the date for its 2025 ' Dealer Connect ' education and networking conference at the Hilton Columbus Downtown in

Columbus, Ohio; www. npda. org Joe Teresi 1941-2025

Provisional figures from Pierer Mobility, KTM ' s Austrian parent company, say that it lost some € 1.2bn last year( approx. $ 1.35bn). PM ' s preliminary estimates stated that sales were down-29 % for FY2024 at € 1.9bn, from € 2.7bn in 2023. Net debt is estimated at € 1.643bn. The company cut 874 employees in 2024 and laid off another 750 in Q1 2025. Motorcycle sales in 2024 were 292,497 units, with 60,000 of those sold by Bajaj. It will exit the bicycle and e-bike business entirely, with the Husqvarna and GasGas e-bikes unit being sold-off. As a result of the haircut that KTM vendors had to accept( dumping some 70 percent of what was owed to them) PM says that it anticipates something in the region of a € 1.3bn ' Restructuring Profit ' in balance sheet terms for 2025 restoring it to a " high three-digit million range " positive equity figure. Meanwhile, there are reports that KTM will not in fact be able to make the required € 600m payment to cover the 30 % of vendor debt as required under the terms of its insolvency court deal and, as widely anticipated, the re-start of production ground to a halt after only a couple of weeks due to supply chain issues- reluctant vendors not shipping parts and other issues. Did someone say " smoke and mirrors?"

Citing the dire impact of California ' s intended ban of internal combustion engine vehicles, an April 2 SEMA news release said that a coalition of 335 small businesses urged U. S. House of Representatives and Senate leadership to put an immediate stop to the implementation of the Advanced Clean Cars II( ACC II) regulation; www. sema. org

In late April, Bloomberg reported that the Indian government is considering eliminating its tariffs on motorcycles with displacements over 750 cc. India is the world ' s largest motorcycle market, having overtaken China some years ago as China implemented motorcycle bans in many major cities as part of a range of congestion management initiatives(!). It is reported that 2024 Indian market sales topped 18 million units. s

The whole of the V-twin community has been greatly saddened by the passing of one of the true legends of the Biker Lifestyle- Joe Teresi. One of the three originals founders of ' Easyriders ' magazine in 1970( though the first edition was published in June 1971), Joe, Lou Kimzey and Mil Blair made the ultimate ' zeitgeist ' play a year after the iconic Easy Rider movie had the hippies pouring out of the movie theatres and headed for the salvage yards. It is arguable whether the socalled ' Biker Lifestyle ' gave birth to the magazine or whether the magazine gave birth to the lifestyle, but either way Joe, Mil and Lou quickly defined the custom motorcycle community ' s image of itself, and the rest was not just history, but genuinely historic. It was under Joe ' s passionate and assured guidance that ' Easyriders ' became a phenomenon. Topping out at something like 550,000 copies sold a month and spawning brand extensions from shows to shops, from books to beer and from art to craft- the craft of custom motorcycle design and engineering done a particular way, for a particular time and for a particular audience. From newspapers to magazines, when it is ' done right ' and ' timed right ' the power of publishing is something to behold, and Joe was one of the rarest of rare beasts. A magazine man who could be a steady, reliable and engaged hand on the tiller, as well as a shrewd brand steward and business manager. The two do not often go hand in glove

Often imitated but never bettered, the first edition of ' Easyriders ' hit the shelves in June 1971 and in terms of ' biker culture ' and custom bike design nothing was quite the same again.

where the publishing industry is concerned, but in Joe Teresi our world had a genius at the helm who ' got it '. Our world is so much the poorer for Joe ' s passing. Our best wishes go to his wife Ellen and the family. And best wishes too to the ' fellow travellers ' who, just this past year,

USA 2025 Q1 Units Sales

' Easyriders ' rides again- six times a year from January 2025

have managed to bring the ' Easyriders ' naming rights and Paisano publishing company back together again and into the hands of a team who ' get it '. Joe was the inspiration as ' eminence grise ' with Dave Nichols as Editor, Michael Lichter as lensman extraordinaire, Felicia Morgan as Roving Reporter and Penny Osiecki looking after the advertisers. It ' s great to see the pages of the old mill turning over again- that ' s the most fitting of legacies.

The MIC is reporting that among leading brands, sales of new motorcycles and scooters decreased by-10.2 % through the first quarter of 2025, compared to the same period the previous year. ATVs increased 0.1 % among leading brands. Motorcycles and scooters accounted for 74.4 % of total newunit sales through Q1 and ATVs represented 25.6 %.

www. mic. org

18 AMERICAN MOTORCYCLE DEALER- JUNE 2025 www. AMDmag. com