Polaris company has published the financial report for the year 2019, in which quite a few specific numbers. Good news. Sales of Indian subsidiaries increased despite the overall downturn in motorhomesdirect.
According to the report, the firm Indian Motorcycles worked well in comparison with competitors. The growth was single-digit number percentage – the manufacturer decided not to disclose the exact percentage sales growth. The report says that in October the release of the new Challenger has significantly increased sales growth.
The motorcycle division of Polaris, in General, reported a drop in sales by the end of 2019. Greatly subsided sales of sport-Slingshot trikes.
What is more interesting. In the 4th quarter of 2019 Polaris noted a 37-percent increase sales of motorcycles, parts, accessories and clothing. According to Scott vine, Chairman of the “Polaris Industries Inc.” there was a breakthrough at the expense of sales is parts and accessories.
Gross profit for the company Polaris has decreased due to the increased costs of promotions and warranty service.