Polaris Industries has initiated a recall campaign for the 2011 Victory Cross Country due to a defect in the handlebar riser and clamp assembly. According to documents filed with the National Highway Traffic Safety Administration, some handlebar clamps and risers may have been machined to deep by the part supplier. As a result, the handlebars […]
Polaris Reports Q2 2011 Results – Victory Sales Revenue Up 99%!
Polaris Industries reported a 99% increase in on-road vehicle (i.e. Victory Motorcycles) sales, and a 90% increase in overall net income over the second quarter of 2011.
For the quarter ended June 20, 2011, Polaris reported $30.9 million in product sales from its on-road division which consists primarily of Victory Motorcycles. That is nearly double the $15.5 million reported in the same quarter of 2010.
Victory’s North American unit sales were up 40% over the second quarter, while the rest of the heavyweight cruiser and touring industry saw only a single-digit increase in U.S. sales. Sales outside of North America increased by 34%.
Overall, Polaris reported all-time record second quarters in both sales ($607.9 million) and net income ($48.7 million).
Polaris Reports Q1 2011 Results