The Latest Breaking News from Powersports

Honda says its latest sales restructuring will speed up product development and strengthen its North American motorcycle business, after its powersports business beat all of its sales goals.

RideNow Group (NASDAQ:RDNW) reported higher first-quarter revenue and adjusted EBITDA as the powersports retailer continued to cite improving same-store sales and benefits from operational changes that management described as part of an ongoing turnaround effort. Chairman, Chief Executive Officer a

With sales lagging, consumers not spending like they once did, and the market competitive, BRP has decided to put its marine brand up for sale. It won't include Sea-Doo.

The automotive industry's growth is propelled by the integration of advanced technologies, surging demand for electric vehicles, and the continuous evolution of smart cars. Thus, it seems wise to invest in robust auto stocks Li Auto (LI), The Goodyear Tire And Rubber (GT), and Sonic Automotive (SAH) for solid returns.…

RumbleON Inc (NASDAQ:RMBL) has entered into an exclusive sponsorship agreement with the City of Sturgis, South Dakota, for its annual motorcycle rally event. The sponsorship agreement consists of a 10-year exclusive Powersports category sponsorship for the rally and a prime downtown retail property lease through 2031. The City of Sturgis Motorcycle Rally was…

Omnichannel Powersports platform RumbleON Inc (NASDAQ:RMBL) reported fourth-quarter FY21 revenue of $440.9 million, beating the consensus of $375.2 million. The pro forma Used Retail Powersports revenue grew 164% Y/Y, Used Retail Unit Sales rose 87% Y/Y. EPS of $1.35 beat the consensus of $0.43. RumbleON held $51.97 million in cash and equivalents. CEO Marshall…