Harley-Davidson Inc. (HOG) shares lost about a quarter of their value in June, victim again of waning consumer confidence. The Milwaukee motorcycle company’s stock has slid 25% to $21.49 over the past month, hurt by poor demand for high-end leisure items and a shaky economic climate, making it one of the worst performers on the Standard & Poor’s 500 index during that period.
The U.S. Environmental Protection Agency (EPA) may impose huge fines on four of China’s biggest ATV’s makers and withdrew its approval of the import and sale of 200,000 gas-powered off-road motorcycles and all-terrain vehicles. This is the first time EPA has voided certificates of conformity for off-road or all-terrain vehicles. The agency alleges that tailpipe emissions information was either incomplete or falsified entirely. It is just the latest action that casts doubt on the quality or safety of Chinese products or the integrity of the firms that produce them. Back in May, EPA fined Pep Boys $5 million for importing non-compliant motorcycles, recreational vehicles and generators manufactured in China.
The Indianapolis Dealer Expo moves to a Friday-Sunday schedule starting in 2011 (Feb. 18-20). Previously, the show had been held on a Saturday-Monday schedule. For dealers whose stores are traditionally closed on the Monday President’s Day holiday, the new schedule affords them three full days to see product lines and network with manufacturers, distributors and other dealers at the show, plus an extra day to travel home before business opens on Tuesday. Many motorcycle dealers have expressed the desire that the Cincinnati V-Twin Expo change its schedule to a Friday-Sunday schedule. For now, it remains on a Saturday-Monday schedule (Feb. 5 to 7)