Posted in Brand, Brand Loyalty, Dealer News, Harley-Davidson, Latest News, Motorcycle, Motorcycle Sales, Products, tagged Announcement, Brand, CEO of Polaris, Harley, HD, Indian Motorcycle, Iowa, Layoffs, Manufacturing, Market Share, Motorcycle, Motorcycle Market, Polaris, Polaris Industries Chairman, Profitability, Scott Wine, Shutdown, Slingshot Brand, Spirit Lake, Victory on January 9, 2017|
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Polaris, the MN-based maker of motorcycles and all-terrain vehicles announced today that it’s winding down the Victory brand effective immediately to concentrate on its better-performing Indian Motorcycles business.
Polaris said it will assist dealerships in liquidating inventory and will supply parts for another 10 years and honor warranties in place. Victory motorcycles are primarily manufactured in Spirit Lake, Iowa.
The first Victory motorcycles rolled out in 1998, yet never took much market share from Harley-Davidson Inc., in the cruiser-bike category. Indian Motorcycles, which Polaris relaunched after a 2011 acquisition, has performed better, however Harley’s market share remains at 48 percent to Indian’s 3 percent.
Polaris Industries Chairman and CEO Scott Wine stated, “This decision will improve the profitability of Polaris and our global motorcycle business, and will materially improve our competitive stance in the industry. Our focus is on profitable growth, and in an environment of finite resources, this move allows us to optimize and align our resources behind both our premium, high performing Indian Motorcycle brand and our innovative Slingshot brand, enhancing our focus on accelerating the success of those brands. Ultimately this decision will propel the industry-leading product innovation that is core to our strategy while fostering long-term growth and increased shareholder value.”
Photo courtesy of Victory/Polaris.
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Posted in Advertising, Age, Brand, Brand Loyalty, Events, Latest News, Motorcycle, Motorcycle Sales, Old School, Products, Vintage, tagged $18999, 111 cubic inch, 2014 Indian Chief, Chief, Daytona Bike Week, HD, Indian, Indian Chief, Indian Motorcycle, Iowa, Lighting Bolt, Motorcycle, Osceola, Polaris Industries, Reveal, Rolling Thunder, Spirit Lake, Spirit of Munro, Thunder Stroke 111™, Victory, WI on May 18, 2013|
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Traditional product launches often act as a big corporate “Lighting Bolt.”
Meaning the company plans a big event, creates loads of new sales tools and collateral and places those important ad campaigns in the trade rags. All the while keeping everything in hush, hush secrecy ‘til they near the big day. Then comes the big ‘Ta Da’. The press release hits the wire, they hold some big chest-thumping events and then start selling, having trained the sales force in the weeks prior.
Spirit of Munro — Named in honor of Burt Munro’s “Munro Special,”
The Indian Motorcycle (Polaris Industries) launch plan is different.
Their launch process is a more gradual, momentum-building approach that is often called “Rolling Thunder.” Not to be confused with the Rolling Thunder® Inc., and POW/MIA topic, the rolling product launch approach dribbles out information, builds credibility over time, creating anticipation, and leverages social media to feed the various channels and momentum.
Case in point is the dribbling out of key information from Indian Motorcycle. First up at Daytona Bike Week was the reveal — a release of information about the new 111 cubic inch engine, called Thunder Stroke 111™ made in Osceola, WI and assembled at the Polaris plant in Spirit Lake, Iowa. Next up was the back story of the custom-built streamliner named “Spirit of Munro” and then last weeks announcement of their intent to unveil the new 2014 Indian Chief motorcycle at the 73rd Sturgis Motorcycle Rally followed with a sneak-peek video and the subtle announcement (HERE at 0:43) of the $18,999 price. The previous Indian Chief sold in the $26-$37K range and the previous owners may stare at that in slacked-jaw envy!
Thunder Stroke 111™
Clearly the supply-chain scale and negotiation mojo that Polaris brings to the Indian table brought better component pricing and improved labor rates.
The Indian brand dates back to the early 1900s. Polaris acquired it in 2011 and 27 months later will release a new classic motorcycle line. Polaris continues forward with their Victory 15-year old brand of motorcycles. They each draw on different customers.
I’m not sure how many more “dribbles” they have planned, but the press buzz and excitement of the launch in social media circles is clearly throttling up.
Photo’s courtesy of Indian Motorcycles.
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