Wheels Of Grace Magazine

Volume 9, Issue 3

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22 WheelsOfGrace.com Issue 37 NEWS speeds (Possibly a more realis c picture of actual riding? Ed.), and as a result, the claimed range drops to roughly 105 miles (170 km) on a charge. SCOOTINAMERICA - EIGHT VETERANS TO RECEIVE FREE HARLEYS By Papa Wealy Harley-Davidson has joined Adam Sandoval, founder of Scoo n-America, an ini a ve that focuses on giving back to our military members, to launch MISSION: "THANK YOU". The project began on May 19, at San Diego Harley- Davidson, in conjunc on with the Wounded Warrior Project, to honor veteran Shane Kruchten with a new Harley-Davidson. Kruchten is the first of eight honorees who will get bikes this year. Sandoval is asking every American to nominate a military member - past or present - who has dedicated his or her life to protec ng our freedom by submi ng their story of sacrifice, strength and courage of service. His cross-country MISSION: "THANK YOU" aims to thank those who have served, and are serving, to protect our freedom by giving away eight Harley-Davidson motorcycles. Based on America's nomina ons, Sandoval will make seven stops along his cross-country journey to give away the new motorcycles. Follow the mission on AdamSandovalRides.com or follow Adam's journey on Facebook or Twi er. WHY POLARIS INDUSTRIES INC. SHAREHOLDERS MIGHT HAVE SOMETHING TO WORRY ABOUT It's still the leading powersports vehicle maker and should remain so if it can stop tripping over itself. By Rich Duprey As the dominant player in the powersports vehicle market, Polaris Industries (NYSE:PII) enjoys a comfortable compe ve advantage that should allow it to weather the series of quality-control setbacks it is currently suffering through. From off-road vehicles and snowmobiles to motorcycles and u lity vehicles, Polaris has maintained the No. 1 or 2 posi on in each. Yet industry trends in several of those markets could significantly erode its margin of leadership, and though it's not likely to be displaced any me soon, Polaris Industries could s ll find itself coming under greater pressure that could narrow profits. Running off the road Three-quarters of Polaris' revenue comes from off-road vehicles (ORVs). Its RZR side-by-side is far and away the top dog in the industry, but persistent recalls for manufacturing defects that have caused injury and even death to some riders could jeopardize its preeminence. Polaris generated over $3 billion in ORV segment sales in 2016, down 9% from the year-ago period as industry weakness and the recalls took their toll. Even though the company reported 2% higher revenue in the first quarter, the situa on didn't improve, because the gains were mostly driven by parts, garments, and accessories. Retail sales of ATVs were down by low-double-digit percentage rates and side-by-sides were off by low single digits. Snowmobile sales were also down. As much as Polaris has been dragged lower by the repeated recalls and their growing cost, it also is contending with a depressed market for its off-road vehicles. It is highly reliant upon oil and agriculture-dependent states, and those two regions have been hit hard by a collapse in commodity pricing. With the protracted slump, Polaris may be in for a long wait for sales to perk up again. That could give rivals an opportunity to make up ground on the leader. Textron (NYSE:TXT), for example, recently purchased Arc c Cat, and both it and Can-Am have been amping up the power and features of their compe ng vehicles, which, coupled with the hit Polaris' reputa on is taking on its quality, could give them a chance to narrow the gap between them. RZR, a er all, has twice the market share of all its compe tors combined, but that could quickly change. A muscular performance Conversely, although Polaris owns the No. 2 posi on in motorcycles, it trails Harley-Davidson (NYSE:HOG) by a wide margin. While its Indian Motorcycle brand con nues to rack up sales in a down market -- retail sales were up by

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