Fast Motorcycle Industry News

cyril-Huze-fast-newsProgressive International Motorcycle Shows Now Offering A Business To Business Program. The International Motorcycle Shows are consumer motorcycle shows. The organization is launching a B2B (Business To Business) platform to help powersports retailers meet with parts, accessory and gear/apparel brands without having to travel too far from their stores to do so. “The Progressive International Motorcycle Shows’ business-to-business initiative is a unique opportunity for dealers who are strapped for time and personnel, as well as aftermarket manufacturers looking to leverage their presence at IMS,” said Tracy Harris, senior vice president of UBM Advanstar’s Powersports Group, which produces the IMS tour.  The program is open to all powersports dealers nationwide, not just those in the 10 major markets where the tour will stop this upcoming season. Simply put, if you can get to an IMS venue, you can participate. The program will include business and new product presentations, training and the opportunity to visit the show floor to schedule meetings with desired brands. Vance & Hines and Performance Machine are two brands participating in all 10 markets. For more More info & registration at Motorcycle Shows B2B Program.

Leading Lessor Of Pre-Owned Harley-Davidson Motorcycles Chrome Capital To Rev Up Its Program After Receiving Cash Infusion. The Naples, Florida based company had some financial hiccups but is now ready to rev up its used Harleys leasing program thanks to raising the first $40 million of an $80 million senior credit line with co-lenders Allstar Bank of Commerce and Comvest Capital. Chrome Capital offers financing for used motorcycles through Harley-Davidson and independent dealers, and recently struck a deal with Polaris Industries Inc. to finance new motorcycle purchases at a limited number of its dealerships. The latest round of credit will help the company pay off some of its older debt, further expand its lease platform for its dealer partners and reach more dealers. “Two years ago, we had 250 to 300 dealers. We have almost 700 now,” said Patrick Pearson, Chrome’s marketing director. “We are now the exclusive leasing partner with Polaris for their Indian motorcycles,” said Peter Wasmer, Chrome’s CEO.

AMA Pro Racing Names Michael Lock CEO. AMA Pro Racing Board of Managers has named longtime motorcycle and automotive executive Michael Lock as the company’s Chief Executive Officer, effective November 1. Lock has served as AMA Pro Racing’s strategic business consultant throughout the 2015 season, and brings to the company more than 30 years of corporate leadership and business development experience in the motorcycle and automobile industries. Michael Gentry continues in his role as COO to coordinate the efforts of the team in achieving the goals of the company’s strategic plan. In addition to expanding the executive leadership, AMA Pro Racing will integrate the marketing and communications functions, effective immediately. Gene Crouch will serve as Marketing & Communications Director in order for the company to capitalize and build upon the current momentum of professional flat track racing. AMA Pro Flat Track is the world’s premier dirt track motorcycle racing series and one of the longest-running championships in the history of motorsports.

Cyril Huze