Harley-Davidson Program To Reduce The Number Of Its U.S. Dealers. Over the past several years, the economic recession has resulted in slow new bikes sales and in pushing many now unprofitable US dealers in or close to bankruptcy. The traditional option is of course to sell and to reopen with a new owner, which is not necessarily what the Milwaukee company wishes in many areas of the country.
As a matter of fact, Harley-Davidson’s President openly declared his intention to continue to shrink the US dealers network, a way to protect the value of the brand and models, keeping a representation only through very profitable dealers. Practically, if your dealership is somewhat in trouble and H-D Milwaukee doesn’t want it anymore in your locale, the company prefers to “help” you to close it definitively via its “Harley-Davidson Motor Company’s U.S. Dealer Consolidation Program.
I don’t have details about the financial arrangement and how it works, but some dealers seem to prefer this option than looking for a buyer. Most recent example is Harley-Davidson of St Augustine, Florida where co-owners Clark Vitulli and Allen Good have decided that the Harley Program help in closing was a better financial option than accepting offers made to buy their dealership. Part of the package offered by Harley seems to be to let you sell and liquidate your stock of Harley parts and merchandise (not motorcycles) during a couple of months after the dealership closure. Maybe a way for business owners to recover and prevent them to end their business while in deep red.
Man awarded 7.5 Million After Motorcycle Accident Left Him With Penis 1.5″ Shorter. Matthew Wall, a Navy Vet was riding a Harley-Davidson to his Naval Base in San Diego, CA when a van from a company named Rancho Auto Group cut him off with for result of him crashing, fracturing his pubic ramus bone and crushing his penis with severe artery and nerve dammage. Reconstructive surgery was performed but Matthew Wall lost 1.5″ to his penis. After suing the shuttle company, a trial jury awarded him 7.5 million for his medical bills, pain and suffering, loss of income…and embarrassment for the rest of his life. So, a full penis is worth? I know… it depends of the person.
Ural Motorcycles Sales Up 39% in 2011. Ural Motorcycles experienced dramatic growth in 2011, logging a 39% increase in unit sales for the second consecutive year and welcoming 22 new dealers in the US to its existing network. The company hopes to add 30 more in 2012. Ural’s North American operation, located in Redmond, Washington, is moving to a larger facility to accommodate offices, parts and logistics departments. Ural rang in the New Year by releasing the M70 anniversary-edition selling out in less than two weeks! Ural has experienced an increased demand from all age groups. Mature riders are interested in sidecars because of the added stability, and the unique opportunity to share the ride with their family members. The younger urban crowd is also getting into sidecars in their search for practical transportation and their desire for something unique — an experience and identity — they can associate with their own lifestyle.” Recently, even Brad Pitt and Ewan McGregor have added Urals to their garages.
Sturgis Motorcycle Rally Inc. (SMRI) Financial Statements. During a meeting with the Sturgis City Council, SMRI board member Dean Kinney disclosed some numbers regarding income and expenses of the group in charge of protecting the rally trademarks acquired in June 2010. In 2011 Sturgis Motorcycle Rally Inc. received an income of $435,000 from trademarks licensing fees and had about 209,000 in legal fees to protect its intellectual property and defend them against lawsuits by the group Concerned Citizens For Sturgis. SMRI also made $201,000 in loan payments on a debt of about 2.1 million and also paid fees of $10,500 to a public relation person. In December, SMRI donated $50,000 to Sturgis Charities but Dean Kinney believes that his group could in the future return million of dollars to the community. In 2011, 20 vendors would have accepted to pay for an official Sturgis license.
Ducati North America Reports 43 % Growth in 2011. Its the company 6th consecutive quarter of growth with sales increases in every North American Region, US, Canada and Mexico. This result established North America as Ducati’s number one market for the first time ever. Ducati’s growth was fueled by an expanding product line-up, including the award-winning Diavel and Multistrada. Voted “Best Cruiser of 2011” by several motorcycle magazines. In 2012, Ducati will refocus its efforts in the sportbike category with the first customer deliveries of the brand’s newest flagship Superbike, the Ducati 1199 Panigale and the 848 EVO Corse Special Edition. New additions to the Ducati line-up also include the Diavel AMG, the recently announced Diavel Cromo, as well as the highly anticipated Streetfighter 848.