Yamaha Motor Group continues to adjust its marine and motorcycle wholesale inventories, which was reflected in the company’s recent earnings report.
Yamaha reported a significant decrease in wholesale motorcycle sales but an increase in outboard marine motors in its first-quarter earnings. The company’s overall North American sales fell 23 percent to $419 million for its first quarter, which ended March 31.
Yamaha’s North American motorcycle sales fell 57.5 percent to 17,000 units, reflecting its ongoing inventories adjustments in the United States, according to a company earnings report.
However, Yamaha’s outboard marine engine sales in North America rose nearly 30 percent following the completion of the company’s inventory adjustments.
Overall, Yamaha’s net sales rose 16 percent thanks in part to increased sales of motorcycles in Asia.