Polaris Industries reported a 110% increase in sales from its On-Road division over the second quarter of 2012. The On-Road division consists primarily of Victory Motorcycles but also includes Indian Motorcycles, electric vehicle brands Global Electric Motorcars and Goupil. The acquisitions of the latter three brands contributed to nearly a third of the overall growth.
According to Polaris’ second quarter 2012 report, the On-Road division generated $64.7 million in sales, more than double the $30.9 million reported over the same quarter of 2011. First half sales totaled $129.4 million, a 71% increase from the $75.8 million in sales reported over Q2 2011.
Victory Motorcycles saw a 10% gain in North American retail sales over the second quarter. By contrast, the overall heavyweight cruiser and touring market in North America saw only a low single-digit percent increase over the quarter. Continue Reading »