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The latest reports concerning stage one bids received by Volkswagen by the appointed July date for Ducati did not , after all , include Harley . Yay , hurrah for our side ! It is thought that by the time the reports emerged connecting Harley with seeking bid advice from Goldman Sachs , the executive suite at Juneau Avenue had already cooled on the idea , as the full gravitas of their way worse than expected second quarter results dawned on them .
Polaris says “ Indian motorcycle unit sales increased significantly ” in the second quarter
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On the other hand , several bids were received by VAG advisor Evercore – motorcycle related and investor-led bids . As a second stage of bidding is set to get underway , the Italian Benetton family and India ’ s giant ( and KTM partner ) Bajaj Auto are thought to be in the holeshot .
However , their 47.96 % ownership stake in KTM , recently announced plans to work with KTM brand Husqvarna to take the venerable off-roaders global and their Ducati ambitions haven ’ t stopped Bajaj Auto CEO Rajiv Bajaj from continuing to get creative where finding ways to spending the conglomerate ’ s $ 13 bn cash reserve are concerned . On August 8 , they announced a non-equity tieup with British manufacturer Triumph to offer a range of midcapacity motorcycles in emerging markets .
AMD is pleased to note that former World Championship competitor Athena “ Chickie ” Ransom has re-opened her Vagabond Choppers emporium at Pompano Beach , Florida , after a torrid few years .
Polaris Industries has reported second quarter 2017 sales of $ 1,364.9 million , up + 21 percent from $ 1,130.8 million for the second quarter of 2016 . Adjusted sales , which excludes the impact from Victory Motorcycles net sales for the second quarter of 2017 , were $ 1,358.8 million compared to $ 1,130.8 million in the prior year period . Motorcycle segment sales , including its PG & A related sales in the second quarter of 2017 , was $ 198.0 million , a decrease of -13 percent compared to $ 228.4 million reported in the second quarter of 2016 , which included $ 6.2 million of Victory motorcycle unit , accessory and apparel sales versus $ 54.0 million of Victory sales reported in the second quarter of 2016 - driven by new product introductions and increased awareness of the brand . This increase was more than offset by significantly lower Slingshot sales . Motorcycle gross profit for the second quarter of 2017 was $ 21.1 million compared to $ 38.9 million in the second quarter of 2016 . Adjusted for
SECOND QUARTER PERFORMANCE SUMMARY ( in thousands US $) |
THREE MONTHS ENDED JUNE 30 |
|
2017 |
2016 |
Change |
ORV / Snowmobiles |
845,508 |
799,332 |
+ 6 % |
Motorcycles |
197,997 |
228,392 |
-13% |
Global Adjacent Markets |
97,022 |
90,959 |
+ 7 % |
Aftermarket |
224,393 |
|
|
Total sales |
1,364,920 |
1,130,777 |
+ 21 |
Gross profit by segment ORV / Snowmobiles |
266,150 |
228,494 |
+ 16 % |
% of sales |
31.5 |
28.6 |
+ 289 bps |
Motorcycles |
21,116 |
38,915 |
-46% |
% of sales |
10.7 |
17 |
-637 bps |
Global Adjacent Markets |
21,216 |
23,952 |
-11% |
% of sales |
21.9 |
26.3 |
-447 bps |
Aftermarket |
59,918 |
|
|
% of sales |
26.7 |
|
|
Corporate |
-18,014 |
-9,840 |
|
Total gross profit |
350,386 |
284,503 |
+ 23 % |
the Victory wind-down costs of $ 8.9 million , motorcycle gross profit was $ 30.0 million , down from the second quarter last year due primarily to lower
Slingshot volume . North American consumer retail demand for the Polaris motorcycle
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