Jay Ridley, son of Ridley Motorcycle Co. founder Clay Ridley, announces that a newly formed company named Ridley Genuine Parts has acquired the stock of parts/fixtures/equipment from Ridley Motorcycle Company’s creditors after its bankruptcy filing at the end of 2009. The new company is headquartered in Oklahoma City, a few blocks from the original company, and has for 1st objective to help all Ridley motorcycle owners keep their bikes running by providing support, original parts, protecting their value. If successful at recreating a strong owners community, Jay Ridley, President of the new company, doesn’t exclude the opportunity of restarting the building of new models.
Ridley was founded in 1995 by Clay Ridley and launched an innovative motorcycle with CVT transmission design. In 1999, the company introduced the first fully automatic street/cruiser motorcycle known as the Ridley Speedster. The 3/4 scale motorcycle featured a nearly 600cc Ridley V-Twin engine, fully automatic CVT transmission, low 24 inch seat height, and weighed less than 270 pounds. The next innovation for Ridley was announced in 2003, when the company introduced its first “full size” automatic motorcycle, the Auto-Glide. Sales boomed with the arrival of new riders, men and women looking for a motorcycle easy to handle. in 2009, exhausted by poor sales due to the recession and by defending during 6 years a very costly lawsuit filed by Harley-Davidson and settled with Ridley losing the right to use the Auto-Glide name, Ridley Motorcycle Company filed on December 29, 09 a voluntarily petition under Chapter 11 of the US Bankruptcy Code.
At the same time, another company called “2 Wheel Ventures” in which Clay Ridley’s son Jay was President, launched a program to sell CPO Ridleys (Certified Pre-Owned) and to market custom parts available for its models. As it always happens in this situation, the question that many Ridley owners and former dealers were asking in my Blog was if the new company headed by Jay Ridley would honor their warranty. I guess that Jay Ridley’s plan has changed somewhat with the new company (or new name) Ridley Genuine Parts. Many Ridley owners are going to be very happy to be able to source new parts, but others are probably going to continue to ask for free original parts that were never replaced under the Ridley Motorcycle Company original warranty. Ridley Genuine Parts.