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November, December retail sales slump for Polaris

Polaris Industries’ retail sales were up in October but slowed significantly the last two months of 2008, company officials said in outlining year-end results.

Polaris finished its fourth quarter down in sales by 3 percent and net income by 5 percent compared to the previous-year period. Part of those declines was due to negative impacts from foreign currency exchange rates.

Polaris officials also said its side-by-side sales slowed in its fourth quarter, although the sales still reflected gains over a year ago.

The company’s snowmobile sales also were up, finishing at $95 million, or 19 percent over a year ago.

For more on Polaris’ year-end report, see an upcoming edition of Powersports Business.

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