Victory Motorcycle Dealers Ranked Highest

MONTEREY, CALIFORNIAMay 2, 2011 – The Victory Motorcycle brand from Polaris Industries, Inc. maintained its top ranking in the newly released 2011 Pied Piper Prospect Satisfaction Index® (PSI®) U.S. Motorcycle Industry Benchmarking Study. Harley-Davidson finished second, while Ducati and Triumph tied for third, followed by BMW and Yamaha, all of which scored above the industry average.

2011 marked the fifth year for the independent Pied Piper PSI benchmarking study, which sent 1,967 hired anonymous “mystery shoppers” into motorcycle dealerships nationwide. The study measured how effectively each brand’s dealerships helped motorcycle shoppers become motorcycle buyers.

Victory defended its top ranking despite a lower PSI score compared to the previous year. Overall motorcycle industry performance also declined across a majority of the sales process activities tracked by the study, which led to lower PSI scores for thirteen of the fourteen major motorcycle brands.

Victory dealerships led the industry overall in multiple sales activities such as providing a product walk-around demonstration, mentioning the availability of financing options, mentioning the availability of accessories, and pointing out features unique from the competition. Eleven different brands led at least one sales process category. For example, Harley-Davidson salespeople were most likely to mention specific features and benefits tied to the shopper’s wants and needs. Ducati salespeople were most likely to offer a test ride. Triumph salespeople were most likely to ask for the sale. BMW and Yamaha salespeople were most likely to make an effort to write-up a transaction.

The past two years have been challenging for the U.S. motorcycle industry, with retail sales stuck at roughly one-half of the pre-recession level. The effectiveness of dealership selling actually increased from 2009 to 2010 despite the challenging sales environment, but from 2010 to 2011 the industry gave back most of the sales process improvements as dealership profitability and employment dropped. Notable sales process areas declining over the past year include the salesperson asking for the sale, providing compelling reasons to buy now, and offering a test ride. Sales process areas bucking the trend and improving over the past year include encouraging shoppers to sit on a motorcycle, salespeople introducing themselves to shoppers, and explaining service and maintenance programs.

“A strong dealership sales process is needed today more than ever,” said Fran O’Hagan, President and CEO of Pied Piper Management Co., LLC. “The days of ‘order-taking’ are over, and a helpful and effective salesperson can make the difference by turning a shopper into a buyer.”

The PSI study results also show that top-ranked brands are less likely to suffer from salespeople taking a prospect interested in one brand, and encouraging them to consider another brand instead. Less than one in ten Harley-Davidson, Victory and BMW shoppers encountered salespeople trying to promote another brand instead. In contrast, more than one in four Aprilia, Husqvarna, Kawasaki and Moto Guzzi shoppers experienced salespeople encouraging the shopper to consider another brand instead.

The 2011 Pied Piper Prospect Satisfaction Index U.S. Motorcycle Industry Study was conducted between July 2010 and April 2011 using 1,967 hired anonymous “mystery shoppers” at dealerships located throughout the U.S. Examples of other recent Pied Piper PSI studies are the 2010 Pied Piper PSI U.S. Auto Industry Study, in which Mercedes-Benz was ranked first, and the 2008 Pied Piper PSI U.S. RV Industry Study (Class A), in which Winnebago’s Itasca brand was ranked first. For more information about the Pied Piper Prospect Satisfaction Index, and the patent-pending Pied Piper PSI process, go to www.piedpiperpsi.com.

About Pied Piper Management Company, LLC
Pacific Grove, California-based Pied Piper Management Company, LLC develops and runs sales & marketing programs to maximize the performance of dealer networks. Go to www.piedpipermc.com.

JJ Handfield, long-time Sales Manager of the Consumer Division of Bel-Ray Company, Inc, is joining Spectro Oils as Director of International Sales and Marketing, effective 7.7.2010, Dave Miller, Spectro President announced today.Handfield said, “I am extremely excited to be joining this successful, honest, family-run business. Spectro’s been my great competitor for many years. That has helped me in making this decision.”JJ joined Bel-Ray shortly after leaving the U.S. Marine Corps, starting his career there in manufacturing. He left to create an independent distributorship in New Jersey in 1971, but was then urged in 1972 to rejoin the Company.

In addition to his sales and marketing responsibilities, JJ soon added the role of test rider as the company worked to develop a deeper line of motorcycle products. Handfield’s racing experience parallels his 38 years in the oil business, and, among many honors received, he was named by the AMA as Team Manager of the 1981 Motocross and Trophy des Nations team. His work with that team resulted in the first win for the United States in the history of that competition.

http://www.aimag.com/1981/

Holley Performance Emerges From Chapter 11

Holley Performance Products Inc. announced that it has significantly improved its capital structure and liquidity through a successful voluntary bankruptcy reorganization that became effective on June 22, 2010.  As a result of the reorganization, the Company reduced its debt by over $59 million and obtained new credit arrangements, including a revolving credit facility which provides the Company with substantial flexibility to pursue its growth initiatives.

Holley was originally founded in 1903 by brothers George and Earl Holley and has continuously provided iconic automotive aftermarket products that enhance vehicle performance through increased horsepower, torque, and drivability.  Holley products have provided the flow of fuel and air to notable vehicles including the original Model T, World War II fighter aircraft, the hottest factory performance cars of the muscle car era, every NASCAR Cup Series race car, and the majority of winning NHRA Pro Stock race cars.

More information about Holley and its products may be found at www.holley.com.

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