Polaris industries driver#

Given the current supply chain issues, we don't expect the dealer inventory situation to improve materially until sometime in 2022. Given the competitive advantage we have seen with this process, the team has made some changes, which I'll provide more detail on shortly. Presold vehicles continue to be a very effective sales lever for our dealers to maintain consumer interest and is a way for consumers to stay engaged with the - while their vehicle is being built. We currently have, on average, less than one month of inventory in the channel. Dealer inventory levels ended the quarter down 46% on a year-over-year basis and down 75% when compared to pre-COVID levels in Q3 of 2019.

And lastly, Boats market share continues to remain up year to date. Snowmobiles retail was down 30% in the quarter.Дespite that, our snowmobile business gained share during the quarter as we performed better than the market. Indian market share is now flat year to date, with the midsized bikes being the most supplier-constrained category. Motorcycles retail sales were also down for the quarter. We continue to gain market share in ORV despite the supply constrained retail sales, getting almost a point and a half of market share with gains in both ATVs and side by sides. Our retail results were lower than originally anticipated, driven entirely by supply chain issues. This resulted in retail being down 13% on a two-year basis. Our third-quarter North American retail sales were down 24% from the positive 15% reported in the third quarter of 2020. Moving on to retail sales for the quarter. I also want to recognize our dealers for their understanding and dedication to Polaris in these challenging times, as well as our suppliers who continue to work with us to improve upon availability of components. While I'm disappointed that we're lowering our full-year guidance as a result of the continued supply chain challenges, I couldn't be more impressed with the Polaris team for their ongoing dedication and exhaustive effort to keep the flow of our products moving to our customers. Thus, we're revising our full-year 2021 guidance down slightly. We are taking aggressive steps to combat these headwinds, but given we are 10 months into the year, the impact of any additional countermeasures may not be realized until sometime next year.

Polaris industries driver#

We continue to manage through very challenging supply chain constraints, issues stemming from port backups, escalating commodity prices, truck and driver shortages and labor shortages, the list goes on and on. And while I'll cover more details in a few slides, our new product introductions for ORV have generated a lot of excitement and energy for dealers and customers. We also continue to drive market share gains in ORV and other segments of the business are in line with or are up yea to date in market share versus last year.ДЄdditionally, our PG&A and International businesses performed well, with PG&A sales growing 8% and our International business delivering strong sales growth of 21% in Q3. The good news is that Polaris continues to outperform as evidenced by our record year-to-date sales and earnings performance, with sales and earnings up 24% and 59%, respectively, versus 2020. The entire powersports industry is being deeply impacted by the much reported on supply chain challenges. Industries have joined DSPIN with the objective of 'Business in India Made Easy', the release said.This is not unique to Polaris. The venture will also support all startup companies in a way that ensures success right from the beginning and gives them the apt tools to overcome the challenges that they face, resulting in substantial opportunities for the country, he added.ДЄ team of successful leaders from diverse teams, including Gen (retd) A K Singh, ex-governor of Andaman & Nicobar, D K Bakshi, a well-known HR leader and trainer of international repute, G P Dubey, lifetime professor at Benaras Hindu University, along with other professionals from across

Services include market assessment, business development, client management and execution of these strategies to successfully set up the business in India,' said Dubey. 'DSPIN will provide end-to-end solutions to facilitate entry into the Indian industry. DSPIN is offering a one-stop solution for all aspects of business and partnering for delivering success, he said, adding it also supports investors for various international and Indian companies who are eager to enter the South Asian market, focusing primarily on India.