Powersports Business - June 6, 2023

VIPs test drive Volcon Stag at demo day event

Guests were able to test drive a prototype of the Stag at Rally Ready, a driving school and off-road track in Bastrop, Texas where Volcon had three different routes for drivers to push the SxS through its paces.

NEWS

BRP reports first quarter results for FY24

North American powersports retail sales grew by 3% compared to the same period last year, according to BRP, outperforming the industry with market share gains in SxS and PWC.

NEWS

Octane completes $400M asset-backed securitization

The company says it continues to diversify its investor base by attracting several new investors while also maintaining the support of existing institutional investors.

NEWS

Managing the things you can’t control

This month’s survey of dealers goes more in-depth about Q1 sentiment and where dealers feel things are headed. By and large, dealers are split on their outlook, but it is leaning towards “somewhat worse” to “significantly worse” for the first three months than at the end of last year.

NEWS

LiveWire names industry veteran as CEO

LiveWire has hired industry veteran and former president of BRP's Marine Group Karim Donnez as CEO of the company.

NEWS

MOTOREX celebrates KTM partnership with limited-edition product

To celebrate it's partnership with KTM, MOTOREX's limited-edition POWER SYNT 4T SAE 10W/50 and CROSS POWER 2T products will be available exclusively at KTM dealers.

BLOG SPOTLIGHT

Dealership credit card fees explained

In building a system that involves a multitude of parties and layers within the system, it’s easy to find areas where costs and fees can be added in, ones that are easy to overlook.