Fast Motorcycle Industry News

cyril-Huze-fast-newsSecond Quarter Harley-Davidson Dealer Sales Predicted To Be Somewhat Slow Because Of Late Spring Weather. But Sales Now Picking Up Sharply. Baird & Co surveyed 51 dealers in the US and after a 1st quarter flat predicts that 2nd quarter should be slightly better due to bad weather until now, but picking up sharply in June thanks to strong interest in the Russhmore tourers and in new Street model bikes. These Harley dealers feel confident that they will have a sales growth of about 5% at the end of the year.

Due To Violence South Carolina Governor Asks For The End Of The Atlantic Beach Bikefest Rally. The event, following the Myrtle Beach Rally, was held during Memorial Day weekend and was marked by 8 shootings with 3 persons being killed. Governor Nikki Haley plans to talk to Atlantic Beach Mayor Jake Evans about ending this event. Evans says that the violence happened outside the three-block city, 14 miles away from where the Atlantic Beach Bikefest is held, seems to be gang related and consequently has no intention of canceling it. The rally provides about $60,000 in revenue to the city annual budget believed to be around $500,000. .

Triumph Motorcycles Offer The Industry First Free 24/7 Customer Support via Phone, Chat And Email. Since taking in November 2019 the job of Triumph Motorcycles America CEO, Greg Heichelbech has implemented dynamic new initiatives: an e-commerce platform, investments in independently owned and operated Triumph retailers, a first in the indystry 24/7/365 live customer support. Due to a new attractive lineup it is considered a great time to become a Triumph dealer in the US.

Harley-Davidson Finance Services Agree to pay $228,000 In refunds To Massachusetts Customers. Harley-Davidson Finance Services Inc (HDFS) allegedly did not always provide correct refunds of finance contract enrollment fees. Borrowers typically pay these optional enrollment fees in exchange for additional special loan terms. When borrowers pay their loans off early, they are often entitled to obtain pro-rated refunds of these fees. The refunds are customarily remitted to borrowers through the dealership that helped arrange their loan. In some cases, when a dealership has gone out of business, borrowers can have difficulties getting the refunds.Harley-Davidson Financial Services has agreed to pay $228,000 to more than 600 Massachusetts consumers to resolve concerns that it failed to pay proper refunds under the terms of its motorcycle finance agreements. HDFS will also pay $25,000 to the Commonwealth for the cost of the investigation.

U.S. Bankruptcy Court Approves Auction of Electric Motorcycle Maker Vectrix, LLC Assets. Introduced in 2006, the Vectrix was the first commercially available high performance electric scooter. Following financial problems, the Gold Peak battery group purchased the company in 2009. Under new control, Vectrix expanded its product lines. However, sales failed to generate sufficient revenue. On March 31, 2014, Vectrix, LLC filed a chapter 7 bankruptcy petition in the United States Bankruptcy Court for the District of Massachusetts. The U.S. Bankruptcy Court approved on Friday the planned June 18, 2014 auction. The assets being sold will include 75 complete Vectrix all electric VX2 motorcycles, about 100 new Lithium Ion batteries suitable for use in Vectrix cycles, and more than 1.6 million dollars’ worth of replacement parts. The sale will also include the company’s intellectual property and other information assets.


2 Responses to “Fast Motorcycle Industry News”

  1. 1 Ronnie Jun 10th, 2014 at 11:07 am

    All rallies in and around Myrtle Beach are dead.

  2. 2 Rob Jun 11th, 2014 at 1:02 am

    How come the msm never reported this…..??

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