Sources: AMD, IDN, FT, Reuters, PSB, MPN, BDN, MCN, AP, Bloomberg, MSNW, Electrek, electricmotorcycles. news, RideApart. com, Motor1. com, Cycle World, motorbikewriter. com
NEWS
BRIEFS
V-Twin parts and accessory manufacturers and distributors exhibiting at AIMExpo( Anaheim, January 7-9 2026), or vendors with significant V-twin industry product options available to dealers include( but are not limited to) Allen Alvarez Consulting, Andrews Products, Antigravity Lithium Batteries, ARC Levers, Cometic Gaskets, Custom Chrome USA, Drag Specialties, Energy One Clutches, Galfer USA, GB Brakes, GPR North America Exhausts, Hogworkz, Motion Pro, ODI, Racing Bros Suspension, S & S Cycle, SBS, Spectro Performance Oils, Turn 14 Distribution; www. aimexpousa. com
There are two reports in this edition that point to newly minted H-D CEO Artie Starr ' s immediate primary focus on the dealer network. By way of a ' Dec the Hall ' and ' Be of Good Cheer ' moment, recent ' Starr-studded ' quotes include " a healthy Motor Company depends on a healthy dealer network;", " we ' re introducing market-responsive promotions to drive traffic to dealers, accelerating improvements in inventory management " and, of special importance to a friend of AMD in Germany, Artie says they are " reviewing facility guidelines ". Gluhwein all-round!
Suburban Motors H-D ' s Hayes Powersports backed saw its 2025 Road Racing Team take podium finishes across all three Bagger Racing Classes at the season ending Las Vegas Motorspeedway in September. Jake Masters, Cody Gilmore and Brendan Foley were running Haye ' s Alpha brake calipers in the Pro Stock Bagger, Bagger GP and Super Street Bagger classes; www. suburbanharley. com
Indian Q3 Unit Sales Tracking Market, Down Mid Single Digits
Polaris Third Quarter results saw sales of $ 1,842m, up 7 % compared to last year; adjusted sales were $ 1,838m; Q3 reported diluted loss per share was $ 0.28; adjusted diluted net income per share was $ 0.41. Primary factors affecting Q3 sales were higher than expected shipments and ORV mix; Q3 year-to-date operating cash flow was $ 562m; Q3 market share gains in off-road vehicles( ORV) and motorcycles. Powersports retail sales for the quarter were up 9 % versus last year. ORV retail sales were up 9 %. Polaris CEO Mike Speetzen commented that " I ' m incredibly proud of the Polaris team- their efforts are reflected in this quarter ' s performance. Polaris delivered strong third quarter results with $ 1.8bn in sales. " In addition to the On Road and Marine businesses outpacing their respective industries, we achieved meaningful market share gains in Off
Road in the quarter. Our operational discipline, dealer inventory alignment, and innovation pipeline have us positioned to deliver for dealers and customers, drive profitable growth and create greater value for our shareholders. " Building on our current momentum, we remain committed to executing our long-term strategy and I am confident in the Polaris team ' s ability to finish the year strong." In remarks to analysts when these fiscals were released, Speetzen added clarity to the remarks that accompanied the announcement of the sale of a majority position in Indian Motorcycle by further emphasising that the benefits of the deal were increasing capital availability for ORV operations availability and increasing the return they feel they can achieve on that capital. Rather than suggesting the decision was driven by negativity about Indian
CONSOLIDATED STATEMENTS OF INCOME( LOSS)( in millions US $) |
Three months ended September 30 |
Nine months ended September 30 |
|
2025 |
2024 |
2025 |
2024 |
Sales |
1,841.6 |
1,722.4 |
5,230.1 |
5,420.0 |
Cost of sales |
1,461.3 |
1,367.8 |
4,245.6 |
4,311.1 |
Gross profit |
380.3 |
354.6 |
984.5 |
1,108.9 |
Operating expenses: Selling and marketing |
126.7 |
127.6 |
368.9 |
386.6 |
Research and development |
92.8 |
84.1 |
266.0 |
258.7 |
General and administrative |
117.8 |
100.9 |
347.9 |
310.3 |
Long-lived asset impairment |
42.3 |
— |
42.3 |
— |
Goodwill impairment |
— |
— |
52.6 |
— |
Total operating expenses |
379.6 |
312.6 |
1,077.7 |
955.6 |
Income from financial services |
19.7 |
24.1 |
64.6 |
71.5 |
Operating income( loss) |
20.4 |
66.1 |
( 28.6) |
224.8 |
Net( loss) income |
( 15.8) |
27.7 |
( 161.9) |
100.2 |
Diluted Net income per share: |
$( 0.28) |
$ 0.49 |
$( 2.84) |
$ 1.76 |
CEO Mike Speetzen
Motorcycle as such, he confirmed that it was more a question of the challenges facing the motorcycle industry in general. He stated that the deal " allows us to focus on our most promising, high margin higher growth opportunities." Reporting worldwide sales were $ 1,842m, up 7 % versus Q3 of 2024. North America sales of $ 1,586m represented 86 % of total Company sales and increased 8 % from $ 1,473m in 2024. International sales of $ 256m represented 14 % of total Company sales and increased 2 % versus Q3 of 2024. Total Company Q3 sales of 2025 were positively impacted by product mix. Gross profit margin increased six basis points to 20.6 % for Q3, as compared to the third quarter of 2024. Adjusted gross profit margin of 20.7 % decreased eight basis points primarily driven by tariffs and incentive compensation headwinds, partially offset by mix
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