XDA’s sixth season was a success, with fourteen champions crowned at the 31st annual DME Racing Fall Nationals at Maryland International Raceway. This season showcased an electrifying display of speed and power with unmatched on-track action. XDA racers competed for over $450,000 in total payout, including a staggering $121,600 contingency offerings over the 2023 season. XDA has released its 2024 motorcycle drag racing schedule featuring six events. The 2024 XDA season begins at the world-renowned Maryland International Raceway on April 19-21 for the Platinum General Services Spring Nationals. Mark your 2024 calendars now for the six events featuring the quickest and fastest sanction in the country! #RacewithXDA April 19-21 / PFR Spring Nationals / MDIR May 17-19 / MTC Engineering Summer Nationals / VMP June 28-30 / Superbike Showdown / MDIR July 26-28 / WPGC Bike Fest / MDIR August 23-25 / FuelTech Bike Bash / VMP October 4-6 / DME Racing Fall Nationals / MDIR The Orient Express Pro Street class is the most exciting class to watch in motorcycle drag racing. With no wheelie bars, these 6-second, 230+mph motorcycles launch like missiles as their riders fight to keep them straight through the quarter mile. This past weekend delivered two winners and numerous personal improvements in the class. Orient Express Racing Pro Street – FuelTech Bike Bash Event Everyone waited a month to see reigning Champion Rodney Williford and Jason Dunigan slug it out again this season. Since 2021, these two have met in three final rounds. And Williford has taken wins in two of those rounds. Everyone in the Pro Street class will attest that beating Rodney is no small feat. And if you manage to accomplish it, you won’t soon forget it. During round two of qualifying Saturday afternoon, Dunigan and Williford lined up to complete the […]
Noise Cycles & Zach Hines take a cruiser model to racing design by by Jeff Millard Barber Vintage Motorcycle Festival, Indian Motorcycle debuted a custom Indian Chief like never before utilizing the power of Indian’s Stock 111ci. Have a glimpse of the photos of the completed build, along with a series of videos filmed and directed by Scott Toepfer. CLICK Here to View this Incredible Piece of Machinery and its Customization. * * * * * * * * * * * * * * * * * * * * STAY UPDATED With All Motorcycling Events, News, Updates, Products, Reviews and More. Grab the Bikernet Blog FREE Weekly Newsletter. CLICK HERE To Sign-up. Free, No Spam Ever, Never any non-motorcycling stuff. Unsubscribe Anytime.
Two-wheeler sales crash to 10-year-low in FY22; motorcycles fall below 9 mn India is the largest manufacturer of two-wheelers and also the largest market for it. (China being second) One of the primary reasons for this downfall is the spiraling cost of fuel prices. by John from https://www.newswwc.com/ New Delhi: Rural distress impacted the Indian two-wheeler segment, one of the largest in the world, in a big way that their sales in 2021-22 fell sharply, for the first time in ten years, to 13,466,000 units, as per the latest data from the Society of Indian Automobile Manufacturers (SIAM). It was in 2011-2012 that the two-wheeler sales were close to this number at 13,409,00. ( India’s Financial Year is calculated as from 01-April-2021 to 31-March-2022 ) Throughout the year, demand for motorcycles and scooters was impacted by rural distress and higher ownership cost amidst soaring fuel prices. Sales of two-wheelers, particularly motorcycles failed to gather momentum even during the festive months, leaving the companies burdened with a pile of unsold stocks. As a result, the overall sales of motorcycles fell below the 9-lakh mark for the first time since 2016-2017, SIAM report said. One of the primary reasons for this downfall is the spiraling cost of fuel prices. Barring two months, petrol prices escalated in almost all months of FY22, sometimes even thrice a month that severely impacted the demand of entry-level motorcycles which is the primary choice of the budget-conscious low-income consumers. New motorcycle sales are directly correlated with fuel prices, as 62% of the country’s fuel sales are consumed by the two-wheeler segment. According to market experts, spike in auto fuel prices has triggered the rate of deferment majorly among the consumers of below 125cc two-wheelers that hold about 80% of the total market. Besides, shortage of semiconductors and
Vance & Hines Reveals New Look for NHRA Pro Stock Motorcycles in Conjunction with Launch of VO2 Military Power Series Program Following yesterday’s launch of the Vance & Hines VO2 Military Power Series, the Vance & Hines NHRA race team revealed new livery on all three of their NHRA Pro Stock Motorcycles for Veteran’s Day weekend. The VO2 Military Power Series is a line of air intake products recognizing five branches of the US Military and supporting the Children of Fallen Patriots, an organization that provides educational resources to military children who have lost a parent in the line of duty. The logos of the military branches are “officially licensed” to Vance & Hines for use in this program. Today, in the first round of qualifying at the NHRA Auto Club Nationals in Pomona, California, Vance & Hines riders Angelle Sampey, Andrew Hines and Eddie Kraweic rolled out a new paint scheme honoring veterans and those serving in the US Military. The design features a dramatic take on the stars and stripes of the American flag along with the logos of the US Army, Navy, Air Force, Marines and Coast Guard. The Auto Club Nationals are the finale of the NHRA drag racing season. The results will determine the championship in the Pro Stock Motorcycle class for 2021.
The XL commonly known as the Sportster. The original XL Sportster used a lot of parts from the previous K Model, but the real revelation was its new OHV engine. Harley-Davidson was aware of the interest of buyers in customizing. While the humble XL Sportster had made an impact of sorts upon its initial release in 1957, it was the continual evolution of this lighter-weight V-twin engine that cemented it as a staple in the Harley-Davidson range. It has truly helped instill the Harley-Davidson name in motorcycle history. Click Here to Read this Feature Article on Bikernet.com Join the Cantina for more – Subscribe Today. https://www.bikernet.com/pages/custom/subscription.aspx
Vance & Hines Launches NHRA Motorcycle Race Team – Three-Time Champion Angelle Sampey to Campaign New Four-Valve Suzuki-Powered Bike Vance & Hines Signs on Mission Foods as Partner for NHRA Pro Stock Team February 8, 2021 – Santa Fe Springs CA – Vance & Hines announced today that the NHRA’s winningest female, Angelle Sampey, will ride the company’s new four-valve Suzuki-powered race bike in the 2021 NHRA Camping World series. The team’s quest for the championship in 2021 is a partnership between Vance & Hines and global food producer Mission Foods. A three-time NHRA Pro Stock Motorcycle (PSM) champion, Sampey’s 43 NHRA Pro Stock Motorcycle wins make her the NHRA’s top female athlete. She has the fourth most wins in NHRA PSM history. In 2019 and 2020 Sampey was a member of Vance & Hines’ Harley-Davidson-sponsored team. Sampey will be among the first to ride the recently announced Vance & Hines four-valve Suzuki-powered machine. The new engine features a modernized top-end which provides increased valve lift and reduced mass in the valve train. The 1850cc motor delivers nearly 400 horsepower and will be paired with a custom chassis developed using data from thousands of runs in NHRA competition. “I’m so excited to be part of the Vance & Hines team again this year,” said Sampey. “This is a first-class company that gives me the best bikes I’ve ever ridden. I’m feeling really good about what we can accomplish together this year. “ “We’re happy to be working with Angelle once again,” said Vance & Hines President & CEO, Mike Kennedy. “Vance & Hines is in a wonderful position right now. We’ve got one of the top riders in the sport aboard our outstanding new equipment and we have Mission Foods as our new Team Partner. I couldn’t have hoped for
from https://seekingalpha.com Summary Harley-Davidson has the power of a strong brand name that resonates well with consumers. While it’s had its fair share of recent challenges, I’m encouraged by the company’s turnaround efforts being led by its new CEO. I expect the company to benefit from an increased need for outdoor recreation, and see the shares as undervalued. During the current COVID-19 environment, technology stocks seem to get all of the glory. However, I believe that by looking beyond the headlines, one can find value in stocks that are positioned to benefit from the current environment. One such stock that I see is Harley-Davidson (HOG), which is a well-recognized, classic American company. In this article, I evaluate what makes this an attractive investment at the current valuation; so let’s get started. Looking Into Harley-Davidson There are perhaps few companies that spell Americana more than Harley-Davidson. Its iconic brand is synonymous with motorcycles and is loved by enthusiasts in the U.S. and around the world. Its loyal customer base like the fact that the bikes are highly customizable, therefore making each bike their own personal expression. What I like about the company is that its brand transcends beyond just the product, and into a feeling. Emotions play a huge role behind consumers’ large discretionary purchases, and this is exemplified by the following quote from the company:’ The current environment, however, has not been kind to Harley. Revenue was down by 47% YoY in the latest quarter due to lower shipments, and the company posted a net loss of -$1.83 per share. This was due to a combination of restructuring charges and the fact that nearly 60% of its global dealer network was closed back in April. In addition, Harley had lingering issues with a bloated cost structure and an inefficient supply
by Christiana Sciaudone from https://www.investing.com Harley-Davidson (NYSE:HOG) shares rose 5% after an upgrade by BMO Capital. HOG was raised to outperform from market perform by analyst Gerrick Johnson, who also boosted his price target to $33 from $23, MarketWatch reported. The average price target is $26.75, while the highest is $34, according to data compiled by Investing.com. The stock was trading around $27.28 on Tuesday. Johnson is more positive on the motorcycle maker thanks to management changes and the “high level of credibility” that Chief Executive Officer Jochen Zeitz has brought to the company. While retail sales may not recover quickly, key metrics like used bike prices and dealer inventory levels should improve, showing proof of a turnaround, MarketWatch quoted Johnson as saying. Last week, Harley-Davidson said it would cut 700 positions across global operations, with about 500 expected to exit in 2020. The company said it is overhauling its global operating model to become a “leaner, more nimble” organization. HOG has seven buy ratings, 10 holds and one sell, according to data compiled by Investing.com. Harley-Davidson’s stock surges after BMO Capital upgrades, raises price target to highest in the Street by Tomi Kilgore from https://www.marketwatch.com Shares of Harley-Davidson Inc. HOG, +5.55% hiked up 3.4% in premarket trading Tuesday, after BMO Capital’s Gerrick Johnson became the most bullish analyst covering the motorcycle maker following an upgrade and price target boost. Johnson raised his rating to outperform from market perform and lifted his stock price target to $33, which is 27% above Monday’s closing price of $25.92, from $23. His target is now the highest of the 19 analysts surveyed by FactSet. Johnson said he’s more positive on the company after recent management changes, as new Chief Executive Jochen Zeitz has brought in “a high level of credibility” that investors have
by Bill Roberson from https://www.forbes.com/ Iconic American motorcycle maker Harley-Davidson [HOG] continues to struggle. The company will move off the S&P 500 in the next week and will land on Standard and Poor’s MidCap 400 list of stocks instead, according to the Milwaukee Journal Sentinel. Clothier Nordstrom Inc. and Alliance Data Systems Corp. will also fall off the S&P 500. With a two-month work stoppage (since resumed) due to the pandemic coupled with an expected deep dive in sales due to the general halt in economic activity, the near future could be a rough ride. The most recent report on sales from the company show the numbers were down close to 18% year over year as of late April. The S&P 500 delisting, set for June 22, comes while Harley-Davidson continues to navigate rough waters, including a personnel shuffle that included the CEO and a stock price that has hung in the $25 range during the pandemic but was as high as $73 in 2014 and over $40 per share in the last year. In the depths of virus-fueled market turmoil in April of this year, the share price dipped to nearly $15 but has since rebounded, almost reaching $30 just about a week ago. The drop from the index could hurt the stock price since many investors include companies in the S&P 500 as part of their portfolios. Before the coronavirus and COVID-19 outbreak, the Milwaukee,Wisconsin-based maker of heavyweight cruisers – and a fully electric model – had been on a sales and stock price slide for several years as the company searched for new buyers. Their core – and highly loyal – customer base has slowly eroded due to age and competition, notably from a resurgent Indian, which was once Harley’s main sales and racing competitor before shuttering
from https://www.livemint.com The company’s shares climbed after the motorcycle maker’s new acting chief executive officer laid out plans to cut costs The stock had plunged 49% this year through Monday’s close Harley-Davidson Inc. shares climbed after the struggling motorcycle maker’s new acting chief executive officer laid out plans to cut costs and complexity and focus on the company’s strengths. The stock rose as much as 17% after the unveiling of a strategy dubbed “The Rewire,” which Morgan Stanley analyst Adam Jonas said could make Harley one of few manufacturers to grow profits in the coming years. “It is clear to us that HOG will be less adventurous in terms of trying its hand at segments and markets where the brand faces extremely low chances of success with high up-front costs and high risks of brand atrophy that could threaten the company’s long-term survival,” Jonas, who rates the stock the equivalent of a buy, wrote in a report Tuesday. Jochen Zeitz, a board member and former CEO of sporting-goods maker Puma SE, took over as acting CEO at the end of February. He’s dialing back his predecessor’s turnaround plan to focus on expanding U.S. ridership, iconic profitable bikes such as the Adventure Touring and Streetfighter models, and electric motorcycles. Those goals echo the demands of an activist investor, Impala Asset Management, that reached an agreement calling for Harley to add an independent director to its board later this year. ‘Achievable Plans’ Harley “has become accustomed to over-committing and under-delivering; we need to set achievable plans and realistic goals,” Zeitz said during the earnings call. “It is clear that our strategy needs to be refocused to better align with our capacity and capabilities and also updated given our new reality.” Harley shares were up about 12% as of 11:53 a.m. in New