Net sales for motorcycles in North America declined 10.7%, while the number of units sold fell 8.5% through midyear, the company reported today. Meanwhile, receivables from financial services in North America increased 12.5% to $2.1 billion.

Yamaha sold 32,000 units in North America, down from 35,000 units in the first half of 2018. Additionally, motorcycle net sales in North America declined to $2.1 billion from $2.3 billion year over year.

Global motorcycle sales were $46.9 billion, a decline of 1.5%. Yamaha blamed the decline on yen appreciation, noting that “operating income remained unchanged thanks to increased sales in Europe,” according to a press release.

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However, Yamaha experienced sales growth in its marine segment, which includes personal watercraft, boats and outboard motors. Marine sales in North America increased 11% to $1.1 billion year over year. That growth, along with higher sales in Europe, contributed to a 6.4% rise in marine sales globally, according to the release.

Yamaha forecast that net sales will drop 1.8% by yearend, to $15.7 billion. Operating income is expected to fall 6.0% to $1.1 billion, according to the release.

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