Motorcycles Experiencing Unprecedented Demand

Polaris Experiencing Unprecedented Demand for bikes

Harley-Davidson (HOG, -2%) and Polaris (PII, +7.5%) issued contrasting earnings reports before the bell today. The maker of the iconic Harley missed earnings expectations by a wide margin, but Polaris, which makes off-road vehicles and snowmobiles as well as motorcycles, blew past forecasts and is experiencing unprecedented demand. The stocks are reacting accordingly. Both companies are navigating the same pandemic problems, with production facilities and dealership closed. But while Polaris is executing…

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U.S. Motorcycle Sales Boom during Pandemic

Motorcycle Sales Boom despite pandemic

COVID-19 has sickened hundreds of thousands of people in the U.S. and taken more than 100,000 lives. The virus and the efforts to combat its spread have forced many businesses to shutdown or reduce their operations, leading to millions of people being put out of work. But motorcycle sales, and those of other powersports, have gone through the roof recently, sparking what many hope is a renewed passion for the…

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NICB: National Motorcycle Thefts Increasing

National Motorcycle Thefts Increase according to the NICB

Motorcycle thefts rose slightly in 2016 compared to 2015, but the crime rate is still way down from where it was 10 years ago. So says the National Insurance Crime Bureau (NICB), which just released its annual report on motorcycle thefts in the United States. In 2016, 46,467 motorcycles were reported stolen, compared to 45,555 in 2015 – an increase of 2 percent. “Although 2016 delivered another slight increase in…

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