Dealer Down Load

DEALER DOWN LOAD

ATTN: DEALERS

Dealers, are you considering the sale of your dealership but scrambling to make year-end decisions to reduce your tax burden? Unsure what tax and financial planning considerations are available to you and how to plan ahead? Worried that you’ll lose your hard-earned profits due to poor tax planning? If you answered yes to any of these questions, join Performance Brokerage Services and Morgan Stanley for a webinar on November 1 to learn more!

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POLARIS POSTS PROFITS

Although retail sales were down 8% compared to 2021, Polaris still posted a profit in Q3. Sales were $2,341 million, up 32% over last year, driven by higher volume, as well strong performances in the motorcycle and the marine markets. Gross profit margin increased 26 basis points to 23.9. Adjusted gross profit margin of 23.9% increased 15 basis points driven by higher pricing.

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ZERO TEAMS UP WITH ROLLICK

Claiming a better buying experience as the result, Rollick and Zero Motorcycles have rolled out Aimbase, Rollick’s industry-centric lead management platform. Zero is also said to be adding RollickDR, the digital retailing solution in the near future. The platform will provide dealers with a more tailored experience when handling leads across systems and primarily in their preferred CRM provider.

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BIG NEWS FROM INTERMOT

Bihr, one of the biggest distribution groups in Europe, used the recent Intermot show in Köln to confirm that Arrowhead Engineered Products (Arrowhead) had completed its acquisition (Dealernews had outlined the deal back in July, but there were plenty of moving pieces required to finalize matters)... Just how big a deal is this? Headquartered in Kontich, Belgium, Bihr is in 20 countries and wholesales 350 brands and 200,000+ SKUs to a network of more than 15,000 retail dealers.

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DEALER NEWS: MADDIE’S & MOM’S TEAM UP TO TAKE OVER INGLES

Better together!! In a unique three-way deal, Maddie’s Motor Sports has entered into a partnership with Motorcycles Of Manchester (MOMS), to acquire the assets of Ingles Performance of Phoenix, N.Y., one of Central New York’s oldest and most recognized powersports dealerships. In 1981, Mike Ingles opened a motorcycle repair shop in his parents’ garage.

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WHY YOU NEED TO ATTEND AIMEXPO…

See new products from hundreds of the biggest and best brands in the powersports industry and discover the next trends your customers will be asking for.

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MADE IN THE SHADE!

Long at the forefront of the fairing and windscreen market, Memphis Shades has announced they are returning to an exclusive distribution deal with LeMans, effective immediately. “Memphis Shades has dissolved its distribution agreement with Tucker Powersports as of October 10,” confirms Marketing Manager Mike Curry.

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