CFMOTO Australia will be running a host of demo ride days over the next few months, across quite a few states, in partnership with TeamMoto and their dealership network, spanning February to April.
2024 CFMOTO Papio XO Racer
Whether a TeamMoto regular or a rider less familiar with CFMOTO, all are welcome to, with the Demo Ride Days presenting an excellent opportunity to sample some of the latest offerings from the world’s fastest-growing powersports brand, which now offers an extensive range of motorcycles.
You can join by registering your spot at one of the selected dealerships, with a full list of dates listed below:
(Note: Only February dates are currently accepting entries)
3rd February 2024 – 10:00 am to 2:00 pm
2nd March, 2024 – 10:00 am to 2:00 pm
20th APRIL – 10:00 am to 2:00 pm
CFMOTO models available for test rides include the XO Papio Racer, 150NK, 300NK, 300SR, 450SR, 650NK, 800MT Explore. However not all bikes are available at all dealerships, and ensure you book for your preferred dealership.
If your desired bike is not available at your preferred dealership, please contact them, and they may be able to arrange a private test ride for you.
CFMOTO 650NK
The CFMOTO Demo Rides offer a great opportunity to take the latest and greatest motorcycles from the range for a spin, with staff on hand to answer questions or offer additional insights.
There will also be an In-Store Sale, with special promotions and discounts on parts and accessories, available only to attendees of the test ride event, as well as exclusive spot prizes to be won on the day by just registering and attending an event.
Plus you can meet your local riding community, and connect with fellow motorcycle enthusiasts and share your passion. So don’t miss out on this exciting opportunity.
Indian Motorcycle Australia has announced two new dealerships in Queensland to replace the company dealership in Brisbane.
The opulent two-storey Fortitude Valley dealership will close on 24 July 2020.
Brisbane Indian Motorcycle dealership is in a mainstream motor vehicle retail area
Existing dealerships
It will be replaced by joining two existing multi-brand dealerships.
One will be a TeamMoto dealership in Moss St, Springwood, south of Brisbane, and the other an Ultimate Motorbikes dealership on Lawrence Drive, Nerang, on the Gold Coast.
Sources told us it was part of a long-term plan to move from company-owned dealerships to independent dealerships.
In February, they signed an agreement with TeamMoto, the biggest dealership network in Australia. Its owner, MotorCycle Holdings has 48 franchises operated from 31 dealerships and eight retail accessory locations in Queensland, New South Wales, Victoria and The Australian Capital Territory.
The deal did not preclude the company from signing on more dealers as this latest announcement shows.
Ultimate Motorbikes also has dealerships in Springwood and Ipswich.
TeamMoto will also sell Indian motorcycles at Penrith and Auburn in western Sydney, and Keilor East and Dandenong in Melbourne.
A statement on a dealer for Perth is yet to be made.
Perth store opened in 2016
An official Indian Motorcycle Australia statement says the new dealerships will include:
Indian Motorcycle trained sales staff;
Full model lineup of Indian Motorcycles;
Demo fleet for test rides;
Indian Motorcycle trained technicians for all service and warranty work;
Large range of accessories and apparel on display; and
Shop rides and events (when possible).
“The expansion of our dealership network and moving out of the central city locations will give our customers greater and easier access to our dealerships nationwide and provide more than one location in each of the state capitals, providing more options for our customers,” they saids back in February.
“We have very high standards when it comes to how and where the Indian Motorcycle brand is represented and the level of service our dealerships offer our customers.”
Their statement said parent company Polaris was working with MCH to keep current staff employed at the new dealerships.
No other market around the world had experienced the luxury of palatial company-owned Indian dealerships which offered a heightened customer service for the revived brand.
Many in the industry and in the company, as well as customers, acknowledged that it was an excessive and unsustainable business model.
Shares in Australia’s biggest motorcycle dealership conglomerate, MotorCycle Holdings, reports increase revenue and bike sales, yet shares have dropped 13.7% to a six-month low.
MotorCycle Holdingsalso bought two dealerships in late 2019 which are claimed to be “outperforming expectations”.
The company now has 48 franchises operated from 31 dealerships and eight retail accessory locations in Queensland, New South Wales, Victoria and The Australian Capital Territory.
No interim dividend has been declared so the company can “take advantage of any acquisition opportunities that may arise”.
Shares slump
Motorcycle Holdings share price history
MotorCycle Holdingswent public in 2016 at about $2.50 a share, reached a peak of $5.22 at the end of 2017 and hit a record low of around $1.25 in May last year.
The Indian announcement bumped the share price about 5c to $1.80.
However, it is now down to $1.50, despite a 31% increase in revenue to $178.2m.
Apart from the impact of bushfires and coronavirus, the problem seems to be that net profit after tax is now $4.8m for the half year compared with $5.2m for the 2019 comparative six months.
Ahmet says the overall new motorcycle market is beginning to stabilise.
Indian appoints Motorcycle Holdings retail network
Earlier this year, Polaris Inc. announced its intention to move to a solely independent network of Indian Motorcycle dealers in Australia during 2020, a change from the current network structure of both company-owned and independent dealers.
The transition away from company-owned dealerships in Melbourne, Sydney, Brisbane and Perth in favor of a fully-independent network will provide Indian Motorcycle with the opportunity to significantly expand its dealer network to provide customers with greater access to Indian Motorcycle across Australia.
Polaris Inc. have announced that they have entered into an agreement with MotorCycle Holdings Limited (ASX: MTO) to retail the Indian Motorcycle brand through six of their existing dealerships in Queensland, New South Wales and Victoria, vastly increasing the network coverage and support offered by the Indian Motorcycle brand.
MotorCycle Holdings will represent the Indian Motorcycle brand in Brisbane, Gold Coast, two locations in Melbourne and two locations in Sydney. All locations are anticipated to be operational by mid-2020, a transition that will see a smooth supply and service for existing and new Indian Motorcycle customers as each company-owned Indian Motorcycle dealership closes.
Alan Collins Managing Director of Polaris Australia & New Zealand
“We are very excited to be partnering with Australia’s premier retailer of motorcycles, Motorcycle Holdings, as we write the next exciting chapter for Indian Motorcycle in Australia,” said Alan Collins, Managing Director of Polaris Australia & New Zealand. Both Indian Motorcycle and MotorCycle Holdings share the same vision for the premium experience and service expected by Indian Motorcycle customers, with a commitment to continue the brand experience which has been cultivated so beautifully through our company-owned dealerships over the past years.
“Whilst the partnership with MotorCycle Holdings is a very significant step in our transition to a fully independent network, we will have further network announcements to make over the course of this year to ensure we can provide greater coverage, accessibility and service for Indian Motorcycle customers nationwide, including those in regional Australia.
“We’d also like to reiterate that we anticipate no interruption to sales or customer service during this transition.”
Indian Motorcycle
Indian Motorcycle will also be making an announcement in the near future regarding the plans for its dealer network in Perth.
There will be plenty of familiar faces for customers in the MotorCycle Holdings Indian dealerships, with Polaris and MotorCycle Holdings working together in an effort to keep staff from the current company-owned dealerships working with the Indian Motorcycle brand under the new network structure.
Indian Motorcycle will be represented by MotorCycle Holdings dealerships in the following locations:
In a bold move to get more riders on motorcycles, TeamMoto has offered free motorcycle licence training if you buy a motorcycle from them this month (May 2019).
While all dealers are feeling the pinch, the most public example is TeamMoto whose parent company MotorCycle Holdings went public in 2016 at about $2.50 a share.
They reached a peak of $5.22 at the end of 2017 and the company is now down to a record low of around $1.25.
MotorCycle Holdings share price
Free licence deal
Other dealers who also do licensed motorcycle training have previously bundled in the cost of getting a licence with the purchase of a bike.
Some have offered refunds on training if you then buy from them. This TeamMoto deal also includes that option.
But we haven’t seen it advertised this way before that you buy the bike and they throw in a free training course.
While it seems a clever idea and a welcome enticement to start riding, buyers should be aware that it’s just another discount on the whole package price.
TeamMoto is a big dealership group with a lot of buying power and has been heavily discounting bikes for some time.
“The MotorCycle Holdings business model revolves around sales volume, finance and discounts,” James told us in February.
“Customers are now able to buy a new bike at a really good price but it has no value on resale.
“So there is now a stack of cheap second-hand bikes on the market. Used bike sales are doing well, but at the expense of new bike sales.
“Customers now expect discounts on all new bikes which is a bubble that will eventually burst.”
The discounting is not just on cheap bikes, but also prestige brands.
James says the depreciation in the value of new prestige bikes is eroding the loyalty of riders to these brands and causing long-term damage to brand image.
Legal offer
Despite claims of this deal being morally and financially dubious, some might see the free licence offer as a conflict of interest when the seller is also the trainer.
This was brought up and dismissed in the review of Q-Ride training a few years ago.
However, it is not illegal.
Transport and Main Roads (TMR) says it does not regulate the price of Q-Ride courses.
“Q-Ride Registered Service Providers (RSP) may also be motorcycle dealers or affiliated with motorcycle dealers,” a spokesperson told us.
“We are aware dealers may sell motorcycles and offer packages where a licence course is included in the price.
“All Q-Ride RSPs must deliver the standardised training curriculum as per the Q-Ride scheme requirements.
“There is no proven link between the price or commercial packaging of a Q-Ride course and the quality of training provided.”
TeamMoto deal
Part of the TeamMoto promotion
The TeamMoto deal is only valid for this month when a learner buys a new or used motorcycle from TeamMoto stores.
If you already have your licence, you can transfer the free training offer to “get your mates riding too”, their advertising says.
“Sometimes just having friends to ride with can double the experience of riding a motorcycle,” it says.
The free certified licence training for this promotion is only available Tuesday to Friday at “Motorcycle Riding Schools” at 59 Moss St, Slacks Creek, and subject to availability.
It is limited to Q-Ride sanctioned courses for pre-learners and RE licence and valid for up to 90 days.
Weekend courses are also available but are not redeemable as part of this offer.
If you complete one of these courses during the promotional period, you can get a refund for the course if you purchase a new or used bike from TeamMoto within 60 days.
Santa has traded his sleigh in for two wheels; and with Christmas fast approaching – it’s time to go shopping! Whether you’ve got that impossible-to-shop-for rider in the family, or someone who knows exactly what they want, TeamMoto have 50 pages of great deals.
There’s great deals on gear and apparel
This is TeamMoto’s biggest Christmas sale ever, with savings of up to 85% on your favourite brands this festive season!
There’s 50 pages of gift ideas including gear, accessories and practically everything motorcycling you can think of. Plus if you still can’t decide, there’s always the gift voucher…
Check out the Team Moto Christmas deals
TeamMoto also offer Zip Pay in-store to make gift buying easy as well, so check out the full catalogue packed with great deals at the TeamMoto website (link)!
Motorcycle Holdings share price history
