Latest Powersports News

MotorCycle Holdings has set out a five-year plan targeting more than $1.2 billion of combined wholesale and retail revenue by FY31, with growth expected from broader powersports, CFMOTO expansion and a leaner retail footprint. The strategy also carries an upfront cost, including about $2 million of anticipated non-underlying FY27 spending on HRIS and data initiatives.

CAR Group Limited reported a 14% increase in net profit after tax to AUD 332.4 million for FY26, driven by strong revenue growth and AI innovation across its global vehicle marketplaces.