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Suzuki Forecasts 9% Increase in North American Sales in 2011-2012 Fiscal Year

Suzuki Motor Corporation released its forecast for the fiscal year ending March 2012, predicting a 9.4% increase in worldwide motorcycle unit sales including a 9.0% increase in the North American market. The fiscal forecast, delayed from Suzuki’s previous quarterly report in May because of the uncertainty caused by the March 11 earthquake, paints a positive picture for the current fiscal year. Suzuki forecasts sales of about 55,000 units in North America, an increase from about 50,000 units sold the previous fiscal year.

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.

Piaggio, Suzuki Hit with Fines by CARB

The California Air Resources Board has agreed to settlements with Suzuki and Piaggio for selling motorcycles that the companies did not disclose could be modified to exceed the state’s strict emission standards. Suzuki was hit with the larger of the two penalties, agreeing to a fine of $3,020,000, though the amount could be reduced by $1,812,000 if Suzuki follows certain provisions. The penalty is in addition to the previous fine of $885,000 levied by the Environmental Protection Agency for selling 25,396 LT-R450 ATVs and 62 RMX450Z dirtbikes with a racing map programmed into their ECUs that was not certified or tested. This racing map is not initially accessible to customers, unless they buy aftermarket devices to unlock the higher-performance engine mapping.