PowerSports Business

Sept 4, 2017

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NEWS www.PowersportsBusiness.com Powersports Business • September 4, 2017 • 3 According to a report by Reuters in August, Zhejiang-China based CFMOTO Motor Co. Ltd planned "to raise up to 454.3 million yuan ($67.53 million) in initial Shanghai share offering at 13.63 yuan per share." By Day 2, it was trading at 21.52 yuan per share. Company chairman Mr. Lai frequently visits the company's wholly owned subsid- iary in Plymouth, Minnesota and has been eying the day the company became publicly traded for years. POWER 50 DEALER EXPANDS SHOWROOM 2016 Power 50 dealer Maddie's Motor Sports in Dansville, New York, has more than tripled its showroom space after adding an expansion on to the store. "We added 8,000 square feet, primarily all showroom. We did add some office space as well and a service bay that includes prep and detailing for sold units, but out of the 8,000 square feet, about 7,000 is all toward showroom, which holds Indian, used prod- uct and Polaris off-road," owner Graham Marcus told Powersports Business. "We redid our existing showroom to hold our BRP product line and KTM." Before adding on, Maddie's showroom was only 1,900 square feet. After bringing on Indian, under Mad Max Indian Motorcycle, in spring 2016, Marcus realized the dealer- ship needed more space, so construction began on the 8,000-square-foot expansion. The new space allows each OEM to have 800-2,500 square feet of space year-round. Previously, Maddie's had to switch out prod- uct seasonally. The new space, which opened in early May, also includes the Polaris Retail Experi- ence display, and the old Victory area is being used to house more pre-owned vehicles than Maddie's could previously display. Customers have been impressed with the change, Marcus said. "They come in, and their jaws just drop at how the finished prod- uct looks like." In addition to the extra indoor space, Maddie's also added a gravel area outdoors that holds about 100 ATVs and side-by-sides. FIRE DESTROYS TEXAS DEALERSHIP'S SHOWROOM A fire destroyed the new vehicle showroom at Tejas Motorsports in Highlands, Texas. Firefighters responded to a call at 7 a.m. Sat- urday, Aug. 12, at the dealership located in the Houston area, according to a report on Click2Houston.com. No injuries were reported in the fire. The dealership owners released a statement in a e-newsletter to its followers: "Tejas Motor- sports will be closed for a few days due to a fire in our new vehicle showroom last night. No customer vehicles were damaged. That being said, due to insurance requirements we cannot release any vehicles until the insur- ance inspectors have assessed the damage. We apologize for any inconvenience this may cause, however we must abide by the insur- ance company's stipulations." Principal Steve Ertl told Powersports Business in an email that he hopes that "no dealer ever has to go through a fire. It is total devastation. Luckily the back of the house is OK. Thanks to everyone for the thoughts and prayers." The store was closed for a week, but was back in action the following Saturday with a "Sale-A-Bration" and "Hot Deals." "We appreciate the outpouring of con- cern for us and our staff, and we are thank- ful to the Lord that no one was harmed physically. The damage can and will be repaired, and we'll get back to regular busi- ness as quickly as possible," Ertl said. The dealership is keeping its followers updated via its Facebook page. Tejas Motors- ports sells Yamaha, KTM, Suzuki, KYMCO and CFMOTO vehicles. KAWASAKI RECALLS 15,000 YOUTH ATVS Kawasaki issued a recall for approximately 15,000 ATV units when it was found that on affected models, the fuel tap can leak and pose a fire hazard. This recall involves 2013- 17 KFX50 and 2012-17 KFX90 ATVs. The recalled ATVs have four wheels and seating for one person. The model name is printed on the right and left front fender. The VIN is located on the front of the steel frame behind the bumper. PSB NEWS 4 DAA Northwest's Rock & Roll Sale 5 Dealer group adds 15th location 6 Power 50 sponsors announced 10 Meet this year's AIMExpo speakers 12 Inside look: Dealer training seminars OPINION 14 From the Editor 14 Online at PowersportsBusiness.com FINANCE 16 Yamaha reports first half results 18 BMW breaks records in Q2 PSBFOCUS UTV ACCESSORIES 20 CDK Global UTV accessories study 29 Rockford Fosgate unveils audio kits 32 Product Showcase 33 Yamaha adds accessories to lineup ATV/UTV 42 UTV University returns to GIE+Expo 43 Nikola releases electric UTV MOTORCYCLE 44 Harley-Davidson Q2 survey results 48 Bintelli expands offerings with e-bike SNOWMOBILE 50 Team 68 raises $20K for foundation 50 Ski-Doo veteran retires SOLUTIONS 54 Paula Crosbie 55 Steve Jones AFTERMARKET 56 Hot Products 57 MAG names VP of Sales Content CFMOTO NOW PUBLICLY TRADED ON SHANGHAI STOCK EXCHANGE KEVIN STRAWBRIDGE New Company: Clickbank New Position: Chief Executive Officer Previous Company: Motorsport Aftermarket Group's Retail Group Previous Position: President To feature your recent hire, send a email to Dave McMahon at dmcmahon@powersportsbusiness.com ON THE MOVE GRAEME JONES New Company: Yamaha Motor Canada New Position: Marketing Coordinator Previous Company: Inside Motorcycles Previous Position Editor MAGNUS JUREEN New Company: EVS Sports New Position: Brand Manager Previous Company: FOX Racing, Nordic Territory Previous Position: Direct Business Manager Polaris, Harley-Davidson CEOs to share keynote AIMExpo to get started with message from Wine, Levatich The future of the powersports industry lies with new riders, and how to develop these new riders is a tough yet intriguing challenge the industry must face together. To help address that challenge, AIMExpo presented by Nation- wide invites dealers, media and all industry attendees to the show's opening program, where leaders of iconic American manufac- turers Harley-Davidson Motor Company and Polaris Industries will share their ideas. The Motorcycle Industry Council (MIC) also will reveal a key initiative toward this goal. AIMExpo presented by Nationwide will kickstart four days of industry business with "The Future Starts Here" on Sept. 21 at 8:30 a.m. in the Greater Columbus Convention Center in Columbus, Ohio. Opening cere- monies will feature keynote speeches from Scott Wine, CEO of Polaris, and Matt Levatich, president and CEO of Harley-Davidson. The two industry leaders will explore the challenges and opportunities for motorcycling and pow- ersports' future as we approach the millenni- um's third decade. "The work must begin now to present a powers- ports riding opportunity that captures the emo- tion and imagination of the first ride experience to the next generations in America," said Tim Buche, CEO of the MIC, which produces AIM- Expo. "The moment has arrived for everyone in this great industry to have a role in building the road to our future, and we're excited to welcome the leaders of legacy American brands Harley-Davidson and Polaris to America's pre- mier show as we define the way forward." AIMExpo presented by Nationwide is where all the industry's stakeholders — deal- ers, manufacturers, aftermarket and media — converge to share not only what products and services will be part of the business in 2018, but also to address shaping the state of the business beyond 2018 and into the future. "Plotting the path ahead and addressing the real challenges of our collective business starts with coming together," said MIC Events VP and general manager Larry Little. "There will not be a better opportunity for the industry to meet face-to-face and discuss these issues than AIMExpo presented by Nationwide this Sep- tember in Columbus." The opening program begins at 8:30 a.m. and is open to all exhibitors and trade visitors with a trade credential. Doors to the showfloor will open to trade visitors at 10 a.m. following the program. PSB HOTNEWS MATT LEVATICH SCOTT WINE Maddie's Motor Sports expanded its footprint from 1,900 square feet to 8,000. Photo courtesy of Mad- die's Motor Sports MR. LAI

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