Fast Motorcycle Industry News

Viper Motorcycle Company to Provide GE Capital Floorplan to Dealers. Inventory financing, also known as floorplan financing, allows dealers to stock, market and sell motorcycles and related products. It’s an important element of a successful manufacturer-dealer business model. Viper Motorcycle Company, a wholly-owned subsidiary of Viper Powersports, Inc. (OTCQB: VPWI), has entered into an agreement with GE Capital’s Commercial Distribution Finance (CDF) business to provide financing to approved dealers that want to purchase Viper inventory.  Under this agreement, the Company has a contingently liability to repurchase the inventory from the funder should the dealer experience a business failure.  The floor plan funder does independent credit evaluations of all approved dealers.

Ducati North America Reported A 24% Retail Sales Increase During 3rd Quarter compared to the same three-month period a year ago, earning the company its ninth-straight quarter of retail sales growth. Ducati dealers collectively posted a 40 percent sales increase in September, the OEM reported. Growth is attributed to strong customer demand for several of its products including the 1199 Panigale and the Diave which became the company’s highest growing product in September, sporting a 66 percent increase compared to September 2011.

Suzuki To Stop U.S. Auto sales, Exit Market. To emerge as a company focused on selling ATVs, motorcycles and outboard marine engines. Japan-based Suzuki is closing its American auto distributor and exiting the U.S. car market. The company’s U.S. arm, American Suzuki Motor Corp., will file for Chapter 11 bankruptcy protection in California. The company said it would wind down auto sales, but did not provide a timetable. American Suzuki said it plans to emerge from bankruptcy. The company said it remains “firmly committed” to those product lines.

4 Responses to “Fast Motorcycle Industry News”

  1. 1 Rodent Nov 9th, 2012 at 12:34 pm

    Ducati is on a roll! Great bikes!

  2. 2 Maddog Nov 9th, 2012 at 7:13 pm

    Ducati, under new owners VW group / Audi / Lamborghini shall continue grow & innovate, exciting times.

  3. 3 Blackmax Nov 10th, 2012 at 12:18 pm

    Nice news for Viper
    Great news for Ducati
    Suzuki is pulling out fo the car market , Ok…..
    Considering that they have not come out with a brand new cycle model in awhile,
    (since to M-109) sounds like it’s time to focus on the core buisness,
    If they can ??
    H-D, Victory & every other metric and brit cycle co. has passed them by ….

  4. 4 Mike Corbin Nov 18th, 2012 at 11:00 am

    I miss Suzuki, I remember those times in the desert @ 180 mph + on my Hyabusa Bagger..

    Now that was ” a fast Bagger “

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Cyril Huze