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Yamaha reports rising PWC, UTV sales in its first quarter
Yamaha Motor Corp. showed a mixed first-quarter report for its powersports offerings.
The Japanese manufacturer said its PWC and UTV sales were up, but its motorcycle retail sales in the United States and ATV sales in North America lagged behind last year’s first-quarter numbers.
However, Yamaha reported its overall net sales increased to $3.7 billion — nearly a 14 percent increase for its first quarter, which ended March 31. The earnings increase was attributed to increased motorcycle sales in large parts of Asia and Latin America as well as a positive impact from the weaker yen.
For more on Yamaha’s first-quarter report, see the May 14 edition of Powersports Business.
