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Snowmobile sales in MN cold this winter
A lack of snow the last two winters has dulled a once revved up snowmobile industry, with many dealers reporting dozens of unsold inventories still this winter.
(FOX 9) - Snowmobile sales have nosedived this winter, with many dealerships in the Twin Cities metro struggling to unload their inventory - ultimately blaming the sales slump on limited snowfall this season.
Snowmobile sales decline
The backstory:
Snowmobile sales have declined sharply this winter, something dealerships blame on limited snowfall.
Randy Bedeaux, who co-owns Leo’s South in Lakeville, said he only sold 11 units this season, though he ordered 66.
At roughly $15,000 apiece, that comes out to about $1 million worth of inventory, most of which is in stacked crates in the back of his store.
"If it means discounting or throwing parts of accessories in – we do what we can to make sure that we move some units," said Bedeaux.
Polaris, Arctic Cat struggles
What we know:
In November, Arctic Cat announced layoffs and paused production, blaming lower consumer demand.
In October, Medina-based Polaris reported an 81% third-quarter earnings drop, citing similar factors.
The Source: Leo’s South; St. Boni Motor Sports; Polaris; Arctic Cat