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2013 Honda CB500F, CB500X and CBR500R Recalled in Australia

Honda has recalled its 2013 CB500F, CB500X and CBR500R models in Australia because of a defect that could cause an oil leak. At the moment, no recall has been announced for the U.S., though there is a good possibility one will be announced shortly, as all 500-series models are manufactured in the same Honda factory in Thailand. There is a similar recall for the Japanese market for the CB400F, CB400X and CBR400R, which are mechanically identical to Honda’s 500-series models, but with a smaller engine to meet the country’s tiered licensing requirements.  According to the Australian and Japanese recall notices, the rocker arm shaft sealing bolt may come loose, causing oil to leak from the engine.

45,367 Motorcycle Thefts Reported in US in 2013

Americans reported 45,367 stolen motorcycles in 2013, down 1.5% from 2012, reports the National Insurance Crime Bureau‘s latest Motorcycle Theft and Recovery Report. According to the NICB motorcycle thefts have been on the decline every year since 2007 when 65,678 motorcycles were reported stolen, though the overall trend appears to be leveling off. Japanese motorcycles continue to be the most popular target for thieves.

Honda Reports Q1 2013-2014 Results

Honda reported sales of 4.05 million motorcycles over its first quarter ended June 30, 2013, a 3.7% increase from the 3.91 million motorcycles sold in the same period last year. The increase in motorcycle sales resulted in 396.8 billion yen (US$4.04 billion) in sales revenue, a 14.4% increase on 346.6 billion yen in revenue reported in the same quarter the previous fiscal year. Overall, Honda‘s reported a combined revenue of 2.83 trillion yen from all its operations, a 398.1 billion yen improvement from last year.