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
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