Cycle Trader is your go-to when it comes to finding resources to sell your inventory and keep up-to-date with best powersports business practices - so why not come to us as your ultimate resource on all other things motorcycle news-related? To help keep you informed with moto industry news, new product launches and upcoming model reviews, here's a recap of some of the most viral cycle news stories from the month of June. Check them out and see which story you think was the highlight of this month.
Ducati released a teaser for the ‘end’ edition of the legendary 1299 Panigale before the model’s formal unveiling at Laguna Seca on July 7th. The ad reads: “When The End Tells the Whole Story”, hinting that this may be the last edition of the renowned model.
Following suit with a number of other states over the past year, New Mexico, Oregon and Oklahoma have reclassified licensing requirements for the Polaris unit, requiring drivers to only carry a valid automotive driver’s license, rather than requiring an additional motorcycle license or endorsement. That’s one less barrier to sale, folks.
The go-to industry news source for powersports dealers held a webinar on July 21st, discussing current conditions of the motorcycle and powersports industries as well as trends we can expect in the coming years. Using the link above, you can read one viewer’s key takeaways from the session or you can view a recording of the webinar by clicking on this link to Powersports Business’ website.
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| Image: Powersports Business |
The company released their lineup of 2018 Motocross and Cross-Country units toward the middle of the month, including the new YZ450F motocross bike, TW200 and XT250 dual-sport motorcycles and the V-Star 250 Cruiser. Yamaha also expanded their off-road lineup to include new editions of the Kodiak 450, Kodiak 700 and an all-new Grizzly.
Powersports Business recently announced their appointed industry leaders of 2017, naming Cliff Clifford (Co-founder and CEO of National Powersports Auctions) as Executive of the Year. Click the link above to read who else made it to this year’s list of influential figures.
Kawasaki presented the newest, updated edition of the Jet Ski SX-R earlier in June, scoring high marks from a number of enthusiast media sources. The stand-up hasn’t been updated since 2011 and the re-launch seems to have been received extremely well by the public.
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| Image: RideApart |
Harley-Davidson has announced that they will be instructing an entire town in North Dakota on how to ride a motorcycle. The town, appropriately named ‘Ryder,’ only has a little over 80 residents - 50 of which are qualified to actually begin riding. The course is associated with a local Harley dealership and you can follow the story using the link above.
Kawasaki fined $5.2m for neglecting to report defects
The U.S. Consumer Product Safety Commision (CPSC) has confirmed that Kawasaki will be paying a penalty fine of over $5 million to resolve ‘failure to report’ charges. According to the Commission - retailers, manufacturers and distributors are all required by federal law to report potential defects on their units within 24 hours of discovering evidence or receiving related information. More than 30,000 Teryx models from 2012-2016 were involved, potentially initiating unreasonable risk for riders, ranging from serious injury to death.
At the beginning of the month, thousands of Can-Am Spyder owners came together in Canada to celebrate the 10th anniversary of the revolutionary three-wheeler. Three special edition models were unveiled for the anniversary, all marked by jet black coloration and liquid gold accents. Check out more details on both the event and special anniversary models by clicking the link above.
Numerous reports have pointed out that Harley is preparing a bid to purchase Italian rival Ducati - and if the purchase goes through, the acquisitional value for the two companies could be worth up to $1.5 billion, as reported by Reuters in a recent article.
We'll be back next month with more highlights, but in the meantime, you can stay up-to-date here.
We'll be back next month with more highlights, but in the meantime, you can stay up-to-date here.
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