Despite a weak economy that is impacting sales in its powersports business, Polaris Industries (NYSE: PII) is still smoking the tires in motorcycles, giving it the horsepower to take on the industry behemoth, Harley-Davidson (NYSE: HOG).
In its just-completed first-quarter earnings report, Polaris said motorcycle sales were going full throttle at 18% year-over-year growth while the overall large-bike industry — the 900 cubic-centimeters-and-up market — was relatively flat. Moreover, since Harley-Davidson continues to report falling motorcycle sales, it means Polaris is stealing more market share from its rival. Harley may still own half the U.S. market, but Polaris is quickly gaining, and it soon may be a … More
Indian Motorcycle is growing at a faster rate than its motorcycle rivals, a welcome sign for Polaris (NYSE:PII) as it seeks growth in the U.S. and beyond.
Polaris is competing for a bigger piece of a market long dominated by Harley-Davidson (NYSE:HOG), which controlled about 51% of U.S. motorcycle sales in the first quarter. Globally, Harley-Davidson’s quarterly motorcycle revenue increased 5% to $1.3 billion, far exceeding Polaris’ sales total of $188 million including parts and accessories.
Still, Polaris says … More
Shares of Harley-Davidson went into a skid after an analyst said he expected the bike maker to report a steep drop in sales.
Harley-Davidson’s stock tumbled 13% last week after Wall Street said it could no longer buy into the bike maker’s rosy outlook and that its main rival was stealing market share from it.
Harley-Davidson’s fourth-quarter earnings report gave the company a boost as it seemed to suggest that the company had managed to just make its numbers while providing investors with an outlook that perhaps the … More
In the US motorcycle market, Harley-Davidson has long been the choice of bikers who want a big, loud, comfortable cruiser, or a bike with some deep, made-in-the-USA credibility.
Sure, there are some big bikes and cruisers from other manufacturers, but this particular style of motorcycle has long been associated with a roaring Harley V-Twin-engined hog.
At least until … More