KYMCO Signs Exclusive Agreement with SHAD USA
By · CommentsSpartanburg, SC — KYMCO USA has announced an agreement with SHAD USA that will expand the accessories options available for KYMCO scooters. This exclusive partnership gives KYMCO USA dealers the ability to sell SHAD’s industry-leading line of top cases. It also calls for the two companies to develop a line of items branded exclusive by KYMCO.
Under the agreement, SHAD will develop a full line of cases with built-in backrests that will cover every KYMCO model, from the People 50 to the Xciting 500Ri and everything in between. Read More→
Parts Unlimited Dealer Showcases
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Honda Powersports Reorganization
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Shakeup a response to challenging business climate; no layoffs - yet
American Honda Motor Co. has announced it has recently completed a reorganization of its North American powersports division. The reorganization process began with the offer of a voluntary separation program, which was accepted by 60 Honda associates. There were no layoffs, according to Honda. Read More→
‘Cash For Clunkers’ Bill Should Boost Motorcycle Sales
By · CommentsCongress passes revolutionary incentive program
Congress overwhelmingly passed a new “cash for clunkers” program last week, which provides government incentives of $3,500-$4,500 to people who trade in used vehicles for new, more fuel-efficient ones – including motorcycles. Similar laws in Europe have increased new vehicle sales and proved beneficial to the environment - as well as consumers’ gasoline costs.
The House approved the program last week, and Senate Democrats attached it to a war-funding bill aimed to ensure military efforts in Iraq and Afghanistan won’t run out of money in the coming months. The overall bill now goes to the White House, and President Obama has indicated he will sign it.
Scenes like this packed showroom floor should become less frequent thanks to the new "Cash for Clunkers" bill.
“Cash for clunkers” came about in the restructuring of General Motors and Chrysler Group. The program will receive $1 billion from July-November, which should allow about 250,000 people to participate.
Once signed into law, the National Highway Traffic Safety Administration is allowed 30 days to create the rules to implement the program, as well as establish an informational website for dealers and consumers.
Schwinn Scooters Sold
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The makers of Schwinn scooters have sold the rights to its powersports brand to a privately held manufacturer and distributor.
The Tomberlin Group, a supplier of on-road and off-road vehicles, recently purchased the scooter brand, said Mike Tomberlin, owner of the Augusta, Ga., company.
Original owner Pacific Cycle sold the rights to Schwinn Motor Sports after deciding to concentrate on its core business, bicycles, said George Simone, former vice president of Schwinn Motor Sports.
“We’re excited about this relationship with Schwinn,” Tomberlin said. “As great as a brand that this is, we’re just as excited about the quality of the people that came with it.”
Simone and four other former Schwinn employees will join Tomberlin as part of the acquisition.
Motorcycle Shop Cleared in Lawsuit
By · Comments“This lawsuit was against the wrong defendants and was just another attack on the Motorcycle retail Industry. This victory is monumental in protecting the small business dealer!”
LifeStyle Cycles cleared by Jury in Wrongful Death lawsuit.
The justice system does work. In April of 2006, a lawsuit was filed against LifeStyle Cycles claiming that LifeStyle Cycles and its owner, Mark “Junior” Skolnick who was added later on, were liable for the wrongful death and personal injuries arising out of a fatal motorcycle accident, involving a DUI driver on Ortega Highway in June 2005. As many motorcycle riders know, Ortega highway is a very dangerous stretch of road in Southern California.
Eric Dubin (from the infamous Robert Blake civil trial) represented Read More→
Top 10 Survival Tips for Tough Times
By · CommentsTake Steps to Make Your Business Recession-Ready
The unemployment rate is ticking up, consumer sentiment is falling toward bottom dead center, and economists are talking more often adding the word inflation when they talk about the current recession.
You can’t control the economy, but you can fine-tune your business to increase your odds of survival. Are you prepared to weather an economic slowdown? Here are 10 steps you can take to make sure your business is recession-ready:
1. Get your finances in order — Are you on good terms Read More→
SEMA Targets Tire, Wheel Buyers for ’09
By · CommentsDIAMOND BAR, Calif. (June 12, 2009) — The Specialty Equipment Market Association (SEMA) is making a special effort to attract tire and wheel buyers to this year’s SEMA Show, Nov. 3-5 in Las Vegas.
By targeting this segment, SEMA hopes to build on the 11,000-plus attendees at last year’s SEMA Show identified as tire, wheel and equipment buyers. Read More→
