American Motorcycle Dealer AMD 237 April 2019 | Page 14

NEWS Terry Vance Donates $1 Million
BRIEFS to Teen Driver Safety Charity
Fuel Capital Group has added pre-
owned Indian motorcycles to the
range of brands it provides
dealerships with lease finance for.
Fuel is also the company behind the
Chrome Capital pre-owned lease
program that Harley launched last
year.
Polaris Industries has increased
its regular quarterly cash
dividend (Q1 2019) by +2%,
raising the pay-out to $0.61 per
share. This increase represents
the 24th consecutive year of
Polaris increasing its dividend.
AMD was saddened to read that
another motorcycle market magazine
has ceased appearing in print. Parent
company Bonnier AB has stopped
printing Hot Bike (launched in 1994).
It follows a series of cancellation or
cut-backs to most of its other titles in
recent years, including Street
Chopper, Baggers, Dirt Rider, Sport
Rider, ATV Rider and UTV Driver
magazines. Motorcyclist and hugely
respected one-time market leader
Cycle World were cut from 12 to 4
issues each some time ago. Hot
Bike's Hot Rod Harleys and Hot Rod
Bikes had already been closed.
AMD was also saddened to hear
that Dave Withrow has closed
his Spearfish, South Dakota
based Maverick Media L.L.C
publishing operation. Originally
launched as Maverick
Publishing (with backing from
Force Capital Partners),
magazines had included
American Bagger, Urban Bagger
and Baddest Bagger.
Mentor, Ohio based Race Winning
Brands, Inc., the subsidiary of Fort
Lee, NJ based Kinderhook, has
acquired the assets of CV4 – a
supplier of thermal management
products such as high-temp
precision-fit silicone radiator hose
kits, high pressure radiator caps, and
fuel tank heat shields to race teams
globally. CV4 will become a part of
RWB's Wiseco Performance Products
division.
Polaris Industries has completed
its acquisition of the Larson
Boat Group from the Marquis-
Larson Group. The move follows
up on its May 2018 acquisition
of Boat Holdings from the Vogel
family, whose Jake Vogel now
heads up Polaris' burgeoning
boats division as president.
Polaris rival BRP also moved to
strengthen its position in the
boat market last year, adding
Triton's Manitou pontoon boats
brand as a second acquisition to
solidify its own new Marine
Group's market position.
14
Two of drag racing's legendary
champions – one on two wheels
and one on four – led a special
ceremony at the National Hot
Rod Association's (NHRA) Lucas
Oil Winternationals in February
to announce a $1 million
donation to B.R.A.K.E.S. (Be
Responsible and Keep Everyone
Safe), a national non-profit
organization dedicated to
preventing injuries and saving
lives by training teens and their
parents to be safer on the road.
Terry Vance, 14-time national
champion motorcycle drag
racer, title-winning team owner,
and co-founder of aftermarket
motorcycle performance parts
manufacturer Vance & Hines,
made the presentation to Doug
Herbert, the multi-time Top Fuel
drag racing champion who
founded B.R.A.K.E.S. in 2008
after the tragic loss of his sons
Jon and James in a car crash.
"Terry and I have been friends
for years, and we have a lot in
common," said Herbert.
"Besides loving racing, driving
and riding, we're also parents,
and we both recognize that
protecting our kids and setting
them up for success in life is
the single greatest
accomplishment you can ever
aspire to. Thanks to Terry's
generosity, the charity that I
founded to honor my sons is
going to help a lot more teens
and parents nationwide."
Vance, who recently attended
B.R.A.K.E.S.' intensive half-day
defensive driver training
program with both of his own
sons, said: "As a parent, every
time your kid goes out the door,
especially if they're getting into
a car, you want to know that
you've done everything in your
power to help them get back
home safe. B.R.A.K.E.S. training
does that. It gives teens the
skills and knowledge that we all
know they'll need on the street,
and it stresses the importance
of making good decisions to
avoid trouble in the first place.
"I think every teen should go
through B.R.A.K.E.S. That's why
my wife and I are making this
donation to help Doug's
program keep expanding and
saving lives, and we hope to
inspire others to do the same."
Over 34,000 teenagers and their
parents have attended the
B.R.A.K.E.S. program from 45
states and five countries.
www.putonthebrakes.org
ProBEAM is Title Sponsor of
Black Hills H-D AFT Race Team
Youngsville, North Carolina based
Custom Dynamics' award winning,
premium LED lights ProBEAM brand
has been announced as the title
sponsor of the Black Hills H-D AFT
Singles Race Team and number 33
rider Dawson Schieffer for the 2019
season.
"We are excited to be a part of the
Black Hills AFT race team," said David
Pribula, owner of Custom Dynamics.
"We are looking forward to an exciting
year of racing and wish Dawson and
the entire Black Hills race team the
best of luck."
Terry Rymer, co-owner of Black Hills
Harley commented, "we are extremely
excited and proud to have ProBEAM
by Custom Dynamics coming aboard
as title sponsor for the 2019 racing
AMERICAN MOTORCYCLE DEALER - APRIL 2019
season. It's partnerships with great
motorcycle related companies like this
that help make us a force to be
reckoned with at all 18 events around
the country."
www.customdynamics.com
www.AMDchampionship.com