Companies are seeing their 4th Quarter results & are acting accordingly. A recession in 2025 to start Trump's 2nd term. 👍 Add in the upcoming tariffs, retaliatory tariffs & mass deportations (seen estimate costs of about $80bil/1mil) & Make America Broke (Again) will be the new Trump's slogan. 👍
Happy Harris lost because with Republicans with the Washington DC trifecta they will have to finally goven & deal with a recession & Trump's trade war (where I have seen estimates of his 1st trade war costing about 200k jobs). 👍 Harris with a Republican Congress would have been a lame duck President. Republicans love to obstruct when having 1 chamber of Congress (Senate during Obama's last 2 years & House under Biden's last 2 years).
When the little Union in my town got busted, or dissolved the big Union factory cheered it on, they said it could never happen to them. Within 10 years the big Union factory was shut down, they were left without jobs, or pensions. There were a lot of Harleys and boats for sale that summer.
Dand, thats why my 3 vehicles all together are worth 2 grand. I OWN them, and the newest is 21 yrs old. I dont own a lot, but I owe zero to banks or to elsewhere. And I skipped eating out a long time ago....just saying.
Why doesn't anybody bring up the fact that Powersports across the board are outrageously priced. 20,000++ for a snowmobile? I haven't even priced new boats and watercraft but imagine they are expensive as well.
The fact is people are just out of money. Between inflation for housing, vehicles and food, what is left for playing around. There are other options for entertainment. I used to own snowmobiles but it doesn't pay to buy the newer ones for the money it takes. It was one thing people really cut back on. Only the very diehards are buying new and paying the money for them.
Boats have always been expensive 😫 used seems to be the best bet if you can diagnose repair and maintain them.just like your car its cheaper to repair it yourself if you can😊gave up snowmobiles in 2006 just don't get the snow anymore one month of good riding just isn't worth it to me anymore. But if I hit the number then it will be worth it😂😂😂
Have you seen the prices of these things??? Why would anyone pay 20k for a stupid side by side 4 wheeler?? Let alone a snowmobile that can only be used on snow. I had a new Honda ATC in the 80's I paid $1,500 and it still runs to this day.
I paid 24 grand for my polaris ranger...thought I needed my head examined. They have only gone up from there...I hate how expensive they are but now I'm in that market....damnit
@@kskeel1124 There is a big difference in cost of a vehicle with large model variation in 10's of thousands versus millions. What if that sled were made mostly of steel and it weighed 900 lbs? Would you still buy it? If you can engineer and profitably manufacture a sled for $6K then by all means do it. Otherwise you are just talking nonsense crap.
@@kannermwThats funny, they used to make them from stamped steel and they never weighed 900 lbs! Guess the engineers back then knew something they don’t now.
I sold our Ski-Doo Grand Touring 10 years ago do to to many people drinking in Wisconsin. The wife and I got hit twice by drunk drivers. We walked away with just some sore muscles. LUCKILY we didn’t get seriously hurt. I ask my wife can you make the ride 32 miles back to the trailer. She said yes. I said get all you can out of those 32 miles, because once I have it on the trailer, I’m never taking it off again. I’m selling it. Best decision I ever made.
@@Travis12861someone doesn’t understand that not everyone lives on top of a trail or wants to travel every weekend to trailer a sled to where they can ride. This is free market capitalism, hobbies and interests change over time
I would agree with you the fact that these machines are way too expensive however you can ride them for more than four weeks a year although I’m a little too old to ride anymore I used to ride as often as I could, and there was times where I could ride for seven months out of the year Great days great times the last new snowmobile I bought was in 2004 and I paid $12,000 for it and now it was the top of the line 800 Summit skidoo
@@tristenklein5940 He did. I came to the same conclusion. Quarterly profits incentivize greed over anything else. Labor is the biggest cost. Less revenue? Cut jobs. Give more money to the shareholders.
@@godzilladestroyscities1757 cost of these items have exploded all due to government economic policies and their war on energy which affects every aspect of the economy from manufacturing a number two pencil to million dollar machinery and that includes snowmobiles, motorcycles, automobiles, medicine, medical equipment, food and food supplies etc., etc. Government caused inflation, tax hikes, 1.2 trillion in overburdened regulations all these expenses have to be passed down to the end product a.k.a. the consumer it’s basic economics. This is why you see millions of manufacturing companies leave the United States and Canada.
Minnesota has the two largest recreational vehicle manufacturers in Minnesota and have some of the tightest regulations against use of them. The economy is a big part of this, However Minnesota does not make it easy to survive due bad economic conditions.
I don’t think it’s the economy as much as last year, there wasn’t enough snow in parts of the country to sell them. I live in wi, and last year was historically bad for snowfall and winter sports. They can sell a snowmobile if there is no snow. That just means they have least years still in stock.
@@jd5997 snowmobiles and ATVs are sold on allocation. Dealerships have minimum buys with both arctic cat and Polaris. The snowmobile sales numbers would not be impacted by lack of snow until December as initial stock orders have depleted. So lack of snow in late August and early September would not have been a known. Financial issues for younger buyers also have huge impact based on interest rate and the ability to qualify for financing.
Overpriced????? Is that analysis the same for Housing, Transportation, Food, Healthcare, Childcare????? The only ones who aren't getting crushed are the very ones who are causing the inflation...CORPORATE GREED. But what the heck do I know. smfh
Arctic Cat is producing far less desirable products compared to its competitors, both in the snow and ATV/UTV divisions. Combine that with sky high prices and this doesn’t surprise me.
Give it time, Skidoo and Polaris are charging a lot more, and yes they are more favourable but people aren’t going to keep paying or want to pay 20k plus for any snowmobile that you can’t use year round, and depending on snowfall, mabey get out a few times a year on the thing. The young generation definitely isn’t as interested in the sport either as prior decades
Textron seems to be the nail in the coffin. They took my locals dealers sled and atv business because it was too small. They did this same thing to many other local dealerships. Guess what? Nobody wants their product when you have to travel long distances for service. People like local representation. How can it be so costly to have more smaller dealerships over fewer mega stores. A complete disconnect from the fan base.
Here’s a thought, people spent ridiculous amounts of money to get outside during Covid, now people can’t afford food and the basics of life. Also, an $8,000 snowmobile now costs $16-18,000.00. Enough said!
Very wise of you to limit screen time. It most definitely affects the attention span of both adults and children. If parents don’t say no, the kid is most definitely not going to just take it upon themselves to limit ipad use. My granddaughter was an avid reader but got to the point she didn’t want to read; she wanted to play games on iPad at night. My daughter started rule ipad could not be in her room at bedtime and only used an hour a day. Otherwise there would be no communication between kids and parents. Some of her friends have unlimited iPad time and would be texting at 2am. When my daughter mentioned to their parents that daughter (she’s 10) not allowed on iPad after 7 on school nights they didn’t realize their kids were still up at 2am. If we think our kids aren’t getting a good education now, I fear what technology will do for the current generation. It’s up to parents to be vigilant regarding their children’s access to the outside world.
Same problem with boats and boat motors. $18k for the one i wanted 4 years ago. $26k now. Plus gas and insurance which is ridiculously high in California.
I live in upstate NY and we used to have solid snow on ground from Dec through March. We are lucky to have snow on the ground here a few weeks a year now. Tough to justify buying a sled now if you only can ride it a few times a year.
November 17th, mid- Northern Ontario, no snow here yet, grass green, rose beds still blooming. Dec 1st is deadline for trial pass discounts. Last winter most were not even open for safe use. Justify the expense for a new sled, for maybe 3 months of a season? My friend just bought a new 2023 Arctic Cat ATV discounted. I see more ATVs on trailers and truck beds in this part of country, 4 seasonal uses than a sled.
Like racing and many other activities, this will slowly die off as young adults would rather sit in their parents basement, stare at their phones like zombies and play video games.
Where I'm at in ND, last winter was the warmest on record, going back to 1881. Only 16 total inches of snow that winter (average is 50). Last time I road a snowmobile was in 2000 at Yellowstone!
Then you have to deal with greedy dealerships that try and overcharge and leave you feeling you were just rapid after a purchase. Not to mention the treatment you receive once they have your money
Not only are they outrageously overpriced, the price to fill one of these in upper Michigan can be as much as $7 per gallon during sled season ! By the time you fill the truck, sleds, pay for hotel it’s well over $700 ! Sorry, but, if I pay that much it’s coming with a margarita and sand under my feet !!
The replacement population just isn't into winter sports, replacement population is an end to most things that we Americans are into, our country is going to look radically different in a few years
The biggest factor in low sales is AC hasn’t come out with any new technology in there sleds so nobody’s upgrading.. Polaris is still feeling the pain of not delivering sleds that could be sold because of recalls.. ski-doo is selling every sled the can deliver in the PNW and their side by side sales are still breaking records here..
The reason Polaris is junk is because they make ‘new’ stuff every year or 2, with minimal R&D invested. iMHO, Arctic Cat stepped up in the last 5 years and now makes the funnest, best sled, hands down. Vs. Ski Doo which basically does everything for you, when its not broken that is. Not fun to me. What I dont understand is why Cat make stellar sleds, but the rest of their offerings are just junk…
I live in western Canada, we have had a couple years of low snow causing people not to upgrade their sleds, but the biggest complaint on not up grading or buying one to get into the sport, is sleds are way to expensive. The hemelts, suits, boots, fuel, trailers, permits, insurance etc all put sledding out of reach. People are struggling to exist on paychecks now with all the carbon taxing and government waste. When it comes to people feeding families or going sledding, its obvious which one wins. The recreational business will not recover until economies improve and costs come back down to reality. I feel for the workers let go and hope they can get new jobs soon.
No mention of the obvious?! PRICES! The "toy" industry is experiencing the same issues the car market is experiencing. They are becoming victims of their own greed. People are waking up and saying no to these outrageous prices. I quit riding snowmobiles years ago when the price of a new snowmobile went over $4000.00. Now, many are over $10,000!! Thats ridiculous! Same thing with side by sides. Not only are they expensive to buy, but they are way too expensive to maintain. They are designed to break down and wear out (just like automobiles) causing you thousands more in repair and parts. I don't miss it at all! And I sit back now and smile as I see these corporate giants go belly up in their own greed.
If they were 2000 dollars would you buy one only to have it sit in the shed 51 weekends a year because you had no snow ?? Don't you think that has as much do if not more than anything else ??
When I can go out and buy a small pickup truck for the same price, it doesn’t make sense that I would buy a toy that can only be used for part of the year.
Many do not grasp yet whats going to happen...those of us over 40 are in anxiety and panic attacks because we know what is about to happen when the buble pops before christmas....god save us all this is about to get ugly...
Philosopher Eric Hoffer said something relevant: “In a time of drastic change it is the learners who inherit the future. The learned usually find themselves equipped to live in a world that no longer exists.” Skyrocketing prices, reduced snowfall, and demographic changes created a perfect storm that is gutting the snowmobile industry. Manufacturers want to continue making what they’ve been making instead of looking for novel ways to provide snow recreation at markedly lower cost. I made a motorized toboggan in 1996 that was very inexpensive yet more fun than any snowmobile I’ve had. It could be easily adapted to operate A-OK with little or no snow. This is one of several alternatives that manufacturers should consider to supplement snowmobile sales that very likely will continue to plummet.
@@gregorymalchuk272: No (I didn’t have a video camera in those days), but I posted a picture of it on one of my websites. I don’t know if it is acceptable to include a link (please let me know if it is), but you could easily find it by Googling this exact phrase: 1996 Sno-Skimmer, a.k.a. Moto-Boggan. I can’t wait to find the time to build an updated version (that one was stolen decades ago); I learned a lot in the meantime.
Snowmobile manufacturers should explain why their prices have increased substantially more than the overall rate of inflation. For example, I purchased my last new snowmobile for $7000 in 1997. A comparable model is now almost $19,000, which is 37% greater than what one would expect from the general rate of inflation since then. Everyone knows inflation is high, but snowmobile inflation is very high. Why? One guess is that as sales have plummeted, manufacturers had to charge more per unit to pay their fixed costs.
Demographics! My kids love to snowmobile, we don’t get the snow anymore and the snow we get melts in about 24 hours. Not paying $18k to buy something and use it twice a year. My current snowmobiles will last a long time at the amount of use they are getting.
That sucks for those workers….hopefully they’ll find a better job close by. Haven’t rode a sled in soo many years I can’t even remember….probably from my younger years riding through drifted ditches and across frozen lakes and getting bucked off an old Artic Cat Panther….then chasing it down and pulling the recoil starter til my arms went numb and changing spark plugs in -20 degree weather….yep that’s why I don’t ever want one! lol….the good old days though! I’ll stick to riding my Harley. 😎
Same thing happened in 1984 to Arctic Cat. No snow in 1982 - 1983, high interest rates, inflation....... back then they came back strong, but I don't know about this time........
It's hard to ride a snowmobile when there is no snow. I live in Upstate NY and winters have changed drastically since I was growing up. Back in the 60's and 70's and even the early 80's it was normal to have a snowy winter with temps consistently below freezing. In mid to late January the low temps could drop as low as -25 degrees. For the past few years the lowest temps of the season would be no more than 10 degrees above zero. Last year I never even used my snowblower once. The snow storms tend to be more mixed precipitation (slush) rather than actual snow storms.This has affected our ski industry as well. It's hard to make snow in January when the high temps are in the 40s and 50's.
I can say that in canada. The pressures are rising cost. Fuel cost, the purchase prices have doubled for a machine over the last 10 years. Clothing costs, trail pass, insurance, hotel, the list go's on. Yamaha canada is closing shop as sleds are $30k and not selling. $30k is unattainable for the majority of sled riders. We all got into this when stuff was under $10k new. My 2012 atv was $9k new. Now its $15k. Wages have not increased like that. The atv purchase is not a im going to try atving out. Its now im a serious atv rider so im spending almost $20k on a machine. Dont even want to start on boating costs...😢
So you are in favor of price controls? Corporations with Monopoly control of their markets. Corporate Greed. Individual Greed. I remember the cheaper beer price wars of about 20 years ago in Florida. Corporations wanted to sell things for cheaper.
No, that's Corporations & many have monopoly control over their segments of the economy. There hasn't been any new liberal policies since LBJ. Republicans like to obstruct. Senate last 2 years under Obama. House last 2 years under Biden. While we were experiencing inflation Republicans in the House decided not to give Biden any new legislation.
It didn’t snow in Minnesota last year. Impossible to ride a snowmobile without any snow. If you are struggling with understanding that, blame it on interest rates and kids these days lol.
I think an ATV is way more practical. ATVs are nearly 4 season vehicles. I love Arctic Cat...owned several sleds way back when. Now that i am older, i avkid the snow and cold. Too difficult.
Only so much money to go around and a changing age demographic. Milder winters definitely not helping. Hard to justify buying a new sled for something your lucky to get a couple of weekends of riding. Arctic Cat is the first to feel the pain. I’m sure others will follow.
The majority of individuals that buy these toys rely on credit and they had a great time when credit was provided at near zero through the Covid years. These individuals are now tapped. This goes in cycles, things will get better again. A hangover stage if you will, Industries that rely on “Beer Income Champagne Taste”, “The hell with tomorrow, I’m going to live today”, “I deserve to treat myself” buyers will always be vulnerable to these up and downs. I certainly will never invest in these types of businesses myself.
It's incredible how poor this country has gotten in 25 years. I remember the early 2000s. Cheap gas, corporate giveaways, complementary freebies, even working people could afford to eat out a few times per week, zero interest Sears financing terms for all home appliances including air conditioners, water heaters, and central air conditioners. The rich got richer and the working and middle classs got MUCH poorer.
I rode smowmobile for years and paid more than $2.94 for gasoline so that’s not it. Less prople are doing outdoor things. Hunting and fishing have become less and less and less popular in the last thirty/forty years too. With phones/devices/video games being what younger people do, there will be less and less outdoor recreation.
@@billsoderholm3125 I’m 63 and have always closely monitored the financial/investment markets. The fact is at present the typical US consumer that purchases these expensive toys has too much debt due to overly easy credit, lack of financial acumen, and the personality traits I mentioned in my first post. Of course there are contributing factors like you mention above along with the climate change impacts that are changing our winters. However all that said the primary reason is the large consumer base that would easily support Arctic Cat just doesn’t have the money to pay that 10 year loan at present. They will again in a few years.
@@gregorymalchuk272 The period you mention would ultimately lead to the largest credit crisis since the Great Depression. This was due to a basically unregulated US financial market that didn’t care if the loan could be paid back or not. The good ole US taxpayer came to rescue. I consider it the largest socialist bailout in history. It’s ironic is it?
No snow. Prices too high. I’ll stick to my vintage sleds. Cats engineering department was cut to nothing a few years ago. The last developments were the single rail skid and the 858 engine. The Catalyst chassis came out a few years ago to good reviews and underwhelming sales. I bleed green, but this is just sad. Hope the workers can find a job quick.
What is goin on here in the last 3 months ive heard of atleast 20 big companies laying off closing 😳 they need better management, and people might try new powersports machines if they made some affordable my first new sled was 1986 about 4 grand you could get a decent machine now you need 15 grand for a decent machine that you won't get bored of from it being to underpowered 😂😂😂i gave it up in 2007 we just don't get the snow anymore in new England at one time in its peak you could ride from October till April, now your lucky to get a couple good weeks of riding 😉 it just isn't worth it to me to spend 20 grand on a machine trailer and riding gear for a handful of really good rides ,but motorcycles and boating is still enjoyable. The boating hobby being the best because the whole family can enjoy it😊
Amen, quit trying to squeeze every dollar out of the buyers. Boat sales have finally peaked and some people are finding out how expensive a boat is. Start producing buyable side by sides because winter is no longer consistent anymore up here in the Northwoods, no snow last season and warmer and drier Fall going into winter. Gotta freeze the lakes. Don’t need a 1200 cc turbo charged sled.
Live in the black hills of South Dakota, we have been nearly snow free for the last 6-8 years. Climate warming has impacted snowfall and snowmobile sales have to suffer because of it, people always find enough $$ when hobbies are involved, this clip does not address the weather effect on sales. So blaming sales decline on cost of machines is only partially true.I have friends here who have not run their sleds for 5 years, why buy a new one?
I grew up in WI in the 70's so I know what I am talking about on this Lets no lose the fact that we are talking about SNOWMOBILES That need SNOW These things could be practically free exempt from all regulations and you could ride them everywhere and it would not matter Now it is often December before you get enough snow to use these things and what little snow you got is gone by the end of February That has as much to do with it as anything
Maybe stop charging outrageous prices for motorsport vehicles!
100%
@@joef.2908 true ☝️
Companies are seeing their 4th Quarter results & are acting accordingly. A recession in 2025 to start Trump's 2nd term. 👍
Add in the upcoming tariffs, retaliatory tariffs & mass deportations (seen estimate costs of about $80bil/1mil) & Make America Broke (Again) will be the new Trump's slogan. 👍
Happy Harris lost because with Republicans with the Washington DC trifecta they will have to finally goven & deal with a recession & Trump's trade war (where I have seen estimates of his 1st trade war costing about 200k jobs). 👍
Harris with a Republican Congress would have been a lame duck President. Republicans love to obstruct when having 1 chamber of Congress (Senate during Obama's last 2 years & House under Biden's last 2 years).
Yup, don't get me started... 100% party is over.
$10,000 - $25,000 for a seasonal toy! They have priced themselves out of the market.
It’s because of the Biden administration.
Literally not 😂 that’s how much any Honda is
20k for a sno go, next year it’s worth half. Lol
The majority of Americans have less than $400 in savings
Debt is all they have.
As long as those payments are easy, they keep borrowing.
@@popawheelie488
I’m still on a 09 MXZ 600. Paid $8800 brand new. I’ll be on it until I wear it out. Phuck them outrageous prices.
these are industries based on disposable income....and that's becoming rare these days...
This is the simple answer.
@@marktwaine9344 Unfortunately true the working people’s income is eroded the recreational activities first expense which is gone
Thanks to Biden
Car sales are down too. People don't buy new cars for the new car smell anymore
Polaris did that in Osceola ,Wi over a year ago . Mercury did the same in Fon Du Lac wisc
Toys are the first thing to go in tough times!
hard to drive these on dry ground though
More rent, more interests, more for groceries, more everything.....
find thr reason why folks dont order new toys
In the greatest economy on the planet? Poor life decisions...
When the little Union in my town got busted, or dissolved the big Union factory cheered it on, they said it could never happen to them. Within 10 years the big Union factory was shut down, they were left without jobs, or pensions. There were a lot of Harleys and boats for sale that summer.
Thanks Biden
Dand, thats why my 3 vehicles all together are worth 2 grand. I OWN them, and the newest is 21 yrs old. I dont own a lot, but I owe zero to banks or to elsewhere. And I skipped eating out a long time ago....just saying.
The whole country is on its way to the sheet .😢
Why doesn't anybody bring up the fact that Powersports across the board are outrageously priced. 20,000++ for a snowmobile?
I haven't even priced new boats and watercraft but imagine they are expensive as well.
The fact is people are just out of money. Between inflation for housing, vehicles and food, what is left for playing around. There are other options for entertainment.
I used to own snowmobiles but it doesn't pay to buy the newer ones for the money it takes. It was one thing people really cut back on. Only the very diehards are buying new and paying the money for them.
Boats have always been expensive 😫 used seems to be the best bet if you can diagnose repair and maintain them.just like your car its cheaper to repair it yourself if you can😊gave up snowmobiles in 2006 just don't get the snow anymore one month of good riding just isn't worth it to me anymore. But if I hit the number then it will be worth it😂😂😂
@@jasons2054 Other companies that make those products are making profits Honda Suzuki Yamaha
It doesn't help either with all of the different states' laws, regulations, taxes, insurances, etc..... as if it's not already costly enough
Look at the Razor it costs as much as a car
Have you seen the prices of these things??? Why would anyone pay 20k for a stupid side by side 4 wheeler?? Let alone a snowmobile that can only be used on snow. I had a new Honda ATC in the 80's I paid $1,500 and it still runs to this day.
I paid 24 grand for my polaris ranger...thought I needed my head examined. They have only gone up from there...I hate how expensive they are but now I'm in that market....damnit
People don’t have the disposable income for Toys
Barely enough for rent/gas/food THANKS DEMOCRATS - THANKS WALZ
Thank a Democrat 😢
@@blane5119you struggling huh?
@@a.p9633 They're in for a real surprise over the next 4 years, suckers...
Median incomes are declining.
Its hard to afford when they cost almost the price of a small car! If they would make an affordable model for like $6000 they would sell like crazy
No on3 would want a sled that cost $6K or it would be absolute piece of junk.
@kannermw you mean it wouldn't be 12 feet long with 150hp???
@@kskeel1124 There is a big difference in cost of a vehicle with large model variation in 10's of thousands versus millions. What if that sled were made mostly of steel and it weighed 900 lbs? Would you still buy it? If you can engineer and profitably manufacture a sled for $6K then by all means do it. Otherwise you are just talking nonsense crap.
@@kannermwobviously you’ve never heard of Harbor Freight lol
@@kannermwThats funny, they used to make them from stamped steel and they never weighed 900 lbs! Guess the engineers back then knew something they don’t now.
I sold our Ski-Doo Grand Touring 10 years ago do to to many people drinking in Wisconsin. The wife and I got hit twice by drunk drivers. We walked away with just some sore muscles. LUCKILY we didn’t get seriously hurt. I ask my wife can you make the ride 32 miles back to the trailer. She said yes. I said get all you can out of those 32 miles, because once I have it on the trailer, I’m never taking it off again. I’m selling it. Best decision I ever made.
well that sucks.
@@666dynomax He's right!
yea but look into spellcheck ok?
Younger people don't do activities like this. They play video games,.
Because they cant afford to
i got 2 that do. friggin love it.
that's the implied notion, but it's not true
@@MK44950 I've got two apex a nytro and is ace600. I begbto differ
Just like the number of hunters in down. Same idea.
Maybe if they didnt cost as much as a small home It wouldn't have happened.
Do you think the price of these machines have anything to do with it? I bought my first side by side for 12k now they are 30k
More than I paid for a brand new Honda Civic
There is no such thing as "side by side" SNOWMOBILE
That is what they have stopped making
Snowmobiling is the biggest con, people layout 20-30k for a machine you might get 4 weeks use of a year, and maybe none at all
@@Travis12861someone doesn’t understand that not everyone lives on top of a trail or wants to travel every weekend to trailer a sled to where they can ride. This is free market capitalism, hobbies and interests change over time
Well said 👏 an I totally agree.
But it's the best four weeks of the year.
@@ernieferguson9513 not even close , the 25 weeks in the boat and Side /side are the best.
I would agree with you the fact that these machines are way too expensive however you can ride them for more than four weeks a year although I’m a little too old to ride anymore I used to ride as often as I could, and there was times where I could ride for seven months out of the year Great days great times the last new snowmobile I bought was in 2004 and I paid $12,000 for it and now it was the top of the line 800 Summit skidoo
PROFITS down a bit for the first time in 15 years, big corporate immediately decides to screw over its workers, classic move
Try government greed fools! Learn basic economics!
@@tristenklein5940 He did. I came to the same conclusion. Quarterly profits incentivize greed over anything else. Labor is the biggest cost. Less revenue? Cut jobs. Give more money to the shareholders.
@@godzilladestroyscities1757 cost of these items have exploded all due to government economic policies and their war on energy which affects every aspect of the economy from manufacturing a number two pencil to million dollar machinery and that includes snowmobiles, motorcycles, automobiles, medicine, medical equipment, food and food supplies etc., etc. Government caused inflation, tax hikes, 1.2 trillion in overburdened regulations all these expenses have to be passed down to the end product a.k.a. the consumer it’s basic economics. This is why you see millions of manufacturing companies leave the United States and Canada.
Minnesota has the two largest recreational vehicle manufacturers in Minnesota and have some of the tightest regulations against use of them. The economy is a big part of this, However Minnesota does not make it easy to survive due bad economic conditions.
I don’t think it’s the economy as much as last year, there wasn’t enough snow in parts of the country to sell them.
I live in wi, and last year was historically bad for snowfall and winter sports. They can sell a snowmobile if there is no snow.
That just means they have least years still in stock.
@@jd5997 snowmobiles and ATVs are sold on allocation. Dealerships have minimum buys with both arctic cat and Polaris. The snowmobile sales numbers would not be impacted by lack of snow until December as initial stock orders have depleted. So lack of snow in late August and early September would not have been a known. Financial issues for younger buyers also have huge impact based on interest rate and the ability to qualify for financing.
@@jd5997Declining median incomes. Snow mobiles are almost purely a discretionary expense.
lack of snow MIGHT be a factor
Yep. High pricing will put you out of business
Maybe like allways overlouded CEO pay and stock buybacks 🤔
Overpriced????? Is that analysis the same for Housing, Transportation, Food, Healthcare, Childcare????? The only ones who aren't getting crushed are the very ones who are causing the inflation...CORPORATE GREED. But what the heck do I know. smfh
Arctic Cat is producing far less desirable products compared to its competitors, both in the snow and ATV/UTV divisions. Combine that with sky high prices and this doesn’t surprise me.
Give it time, Skidoo and Polaris are charging a lot more, and yes they are more favourable but people aren’t going to keep paying or want to pay 20k plus for any snowmobile that you can’t use year round, and depending on snowfall, mabey get out a few times a year on the thing. The young generation definitely isn’t as interested in the sport either as prior decades
And Yamaha quit
First sleds are way over priced second you don’t see the world through a phone you see pictures
There are tons of used low priced sleds to be had...our issue has been no snow. I have 3 sleds, have not been able to ride in 3 years. No snow....
It's greed, pre covid 12k machine is 20k plus now why? Textron ruined them it's sad
Textron seems to be the nail in the coffin. They took my locals dealers sled and atv business because it was too small. They did this same thing to many other local dealerships. Guess what? Nobody wants their product when you have to travel long distances for service. People like local representation. How can it be so costly to have more smaller dealerships over fewer mega stores. A complete disconnect from the fan base.
Here’s a thought, people spent ridiculous amounts of money to get outside during Covid, now people can’t afford food and the basics of life. Also, an $8,000 snowmobile now costs $16-18,000.00. Enough said!
here is a thought you need SNOW to use it
Enough said
The price outweighs the fun.
The resorts in The Northwoods, are going to have a rash of fires.
My dad bought his first snowmobile in the 60's for $500. Everyone who made any small engine powered item was making snowmobiles.
Inflation has hit consumers disposal income. Toys are not attainable when you're scraping to pay the mortgage and feed the family.
YEAH
Venezuela here we come.
My son is 8. He has a brand new kfx50. He would rather be on his IPad than riding the new quad. Needles to say. Im now limited his time on the Ipad
Just bought the kfx 50 for my grandson yesterday for Christmas. Really hoping this doesn't happen to him.
Look into blue light and mind control.
Very wise of you to limit screen time. It most definitely affects the attention span of both adults and children. If parents don’t say no, the kid is most definitely not going to just take it upon themselves to limit ipad use. My granddaughter was an avid reader but got to the point she didn’t want to read; she wanted to play games on iPad at night. My daughter started rule ipad could not be in her room at bedtime and only used an hour a day. Otherwise there would be no communication between kids and parents.
Some of her friends have unlimited iPad time and would be texting at 2am. When my daughter mentioned to their parents that daughter (she’s 10) not allowed on iPad after 7 on school nights they didn’t realize their kids were still up at 2am. If we think our kids aren’t getting a good education now, I fear what technology will do for the current generation. It’s up to parents to be vigilant regarding their children’s access to the outside world.
Same problem with boats and boat motors. $18k for the one i wanted 4 years ago. $26k now. Plus gas and insurance which is ridiculously high in California.
I live in upstate NY and we used to have solid snow on ground from Dec through March. We are lucky to have snow on the ground here a few weeks a year now. Tough to justify buying a sled now if you only can ride it a few times a year.
November 17th, mid- Northern Ontario, no snow here yet, grass green, rose beds still blooming.
Dec 1st is deadline for trial pass discounts. Last winter most were not even open for safe use.
Justify the expense for a new sled, for maybe 3 months of a season?
My friend just bought a new 2023 Arctic Cat ATV discounted. I see more ATVs on trailers and truck beds in this part of country, 4 seasonal uses than a sled.
oh I just couldn't imagine why the industry is failing, only $15000 for a snowmobile, what's the issue?
@@Travis12861 very nice lie
Like racing and many other activities, this will slowly die off as young adults would rather sit in their parents basement, stare at their phones like zombies and play video games.
Where I'm at in ND, last winter was the warmest on record, going back to 1881. Only 16 total inches of snow that winter (average is 50). Last time I road a snowmobile was in 2000 at Yellowstone!
Then you have to deal with greedy dealerships that try and overcharge and leave you feeling you were just rapid after a purchase. Not to mention the treatment you receive once they have your money
Not only are they outrageously overpriced, the price to fill one of these in upper Michigan can be as much as $7 per gallon during sled season ! By the time you fill the truck, sleds, pay for hotel it’s well over $700 ! Sorry, but, if I pay that much it’s coming with a margarita and sand under my feet !!
Yeah gas is over priced in Mi
In a nutshell, younger generations are on their phones instead of sleds.
Can't afford them... Or they buy used instead of new...
@@kskeel1124right. Nobody has money for toys anymore
The replacement population just isn't into winter sports, replacement population is an end to most things that we Americans are into, our country is going to look radically different in a few years
Eventually the bigots will be gone and that’s a good thing, by the way I’m a 54 year old white male, veteran and lover of the outdoors.
The biggest factor in low sales is AC hasn’t come out with any new technology in there sleds so nobody’s upgrading.. Polaris is still feeling the pain of not delivering sleds that could be sold because of recalls.. ski-doo is selling every sled the can deliver in the PNW and their side by side sales are still breaking records here..
The reason Polaris is junk is because they make ‘new’ stuff every year or 2, with minimal R&D invested. iMHO, Arctic Cat stepped up in the last 5 years and now makes the funnest, best sled, hands down. Vs. Ski Doo which basically does everything for you, when its not broken that is. Not fun to me. What I dont understand is why Cat make stellar sleds, but the rest of their offerings are just junk…
Everyone is broke. We are in collapse.
I live in western Canada, we have had a couple years of low snow causing people not to upgrade their sleds, but the biggest complaint on not up grading or buying one to get into the sport, is sleds are way to expensive. The hemelts, suits, boots, fuel, trailers, permits, insurance etc all put sledding out of reach. People are struggling to exist on paychecks now with all the carbon taxing and government waste. When it comes to people feeding families or going sledding, its obvious which one wins. The recreational business will not recover until economies improve and costs come back down to reality. I feel for the workers let go and hope they can get new jobs soon.
No mention of the obvious?! PRICES! The "toy" industry is experiencing the same issues the car market is experiencing. They are becoming victims of their own greed. People are waking up and saying no to these outrageous prices. I quit riding snowmobiles years ago when the price of a new snowmobile went over $4000.00. Now, many are over $10,000!! Thats ridiculous! Same thing with side by sides. Not only are they expensive to buy, but they are way too expensive to maintain. They are designed to break down and wear out (just like automobiles) causing you thousands more in repair and parts. I don't miss it at all! And I sit back now and smile as I see these corporate giants go belly up in their own greed.
Being a cat rider since 69 lf don't have snow it very hard to an yes they all are pricey
If the snowmobile’s didn’t cost $20,000, we might be able to afford it
YEAH
If they were 2000 dollars would you buy one only to have it sit in the shed 51 weekends a year because you had no snow ??
Don't you think that has as much do if not more than anything else ??
No snow?
I live in Ontario Canada, we had practically no snow last winter. I suspect this year will be the same.
Here in MI we haven’t had good snow in years. I live where people come to ride. The dealerships have switched over to selling sxs in the winter.
Wow sign of the times. So sad.
There's no snow !
CEOs getting insane compensation and when the company runs into trouble the CEO isn't talking a paycut
Credit finally ran out. Go for a hike or snowshoe
When I can go out and buy a small pickup truck for the same price, it doesn’t make sense that I would buy a toy that can only be used for part of the year.
And it begins. May God grant us peace and refuge in these difficult times. Amen.
Many do not grasp yet whats going to happen...those of us over 40 are in anxiety and panic attacks because we know what is about to happen when the buble pops before christmas....god save us all this is about to get ugly...
@GhostRider-dp2tc President Donald Trump's prescription is free up domestic energy production. That's good. Don't panic, yet, and maybe not at all.
@@GhostRider-dp2tc Another republican recession around the corner, it's what they do best...
Btw.... I can't think of any good AC dealership near me. That's another reason. Remember the lawsuit between AC and skidoo? Look it up people.
Prices on all of these motorized toys have gotten obscene. All of these companies have only themselves to blame.
Way to expensive
Toys got to high prices just like hunting has and we can’t afford eather 😢😢😢
First thing to go when recession hits are toys and hobby. Golf, motorcycle, Atv , etc.
Philosopher Eric Hoffer said something relevant: “In a time of drastic change it is the learners who inherit the future. The learned usually find themselves equipped to live in a world that no longer exists.”
Skyrocketing prices, reduced snowfall, and demographic changes created a perfect storm that is gutting the snowmobile industry. Manufacturers want to continue making what they’ve been making instead of looking for novel ways to provide snow recreation at markedly lower cost. I made a motorized toboggan in 1996 that was very inexpensive yet more fun than any snowmobile I’ve had. It could be easily adapted to operate A-OK with little or no snow. This is one of several alternatives that manufacturers should consider to supplement snowmobile sales that very likely will continue to plummet.
Do you have any video of the motorized toboggan?
@@gregorymalchuk272: No (I didn’t have a video camera in those days), but I posted a picture of it on one of my websites. I don’t know if it is acceptable to include a link (please let me know if it is), but you could easily find it by Googling this exact phrase: 1996 Sno-Skimmer, a.k.a. Moto-Boggan. I can’t wait to find the time to build an updated version (that one was stolen decades ago); I learned a lot in the meantime.
Snowmobile manufacturers should explain why their prices have increased substantially more than the overall rate of inflation. For example, I purchased my last new snowmobile for $7000 in 1997. A comparable model is now almost $19,000, which is 37% greater than what one would expect from the general rate of inflation since then. Everyone knows inflation is high, but snowmobile inflation is very high. Why?
One guess is that as sales have plummeted, manufacturers had to charge more per unit to pay their fixed costs.
About two snows a year in Ohio.
Demographics! My kids love to snowmobile, we don’t get the snow anymore and the snow we get melts in about 24 hours. Not paying $18k to buy something and use it twice a year. My current snowmobiles will last a long time at the amount of use they are getting.
That sucks for those workers….hopefully they’ll find a better job close by. Haven’t rode a sled in soo many years I can’t even remember….probably from my younger years riding through drifted ditches and across frozen lakes and getting bucked off an old Artic Cat Panther….then chasing it down and pulling the recoil starter til my arms went numb and changing spark plugs in -20 degree weather….yep that’s why I don’t ever want one! lol….the good old days though! I’ll stick to riding my Harley. 😎
Lets be real, less snow and less disposable income along with higher prices!
Didn't Minnesota just vote for Kamala?😂😂😂
The twin cities did. The rest of us didn’t
I can't imagine why people aren't spending what was considered "new car money" only a few years back on toys they can only use maybe 12 weeks a year.
You can thank the epa for these layoffs
No need to buy a snowmobile when we hardly get snow anymore
Same thing happened in 1984 to Arctic Cat. No snow in 1982 - 1983, high interest rates, inflation....... back then they came back strong, but I don't know about this time........
It's hard to ride a snowmobile when there is no snow. I live in Upstate NY and winters have changed drastically since I was growing up. Back in the 60's and 70's and even the early 80's it was normal to have a snowy winter with temps consistently below freezing. In mid to late January the low temps could drop as low as -25 degrees. For the past few years the lowest temps of the season would be no more than 10 degrees above zero. Last year I never even used my snowblower once. The snow storms tend to be more mixed precipitation (slush) rather than actual snow storms.This has affected our ski industry as well. It's hard to make snow in January when the high temps are in the 40s and 50's.
Yepper , lived Finger Lakes for sometime , winters are like southern Pennsylvania now .
I can say that in canada. The pressures are rising cost. Fuel cost, the purchase prices have doubled for a machine over the last 10 years. Clothing costs, trail pass, insurance, hotel, the list go's on. Yamaha canada is closing shop as sleds are $30k and not selling. $30k is unattainable for the majority of sled riders. We all got into this when stuff was under $10k new. My 2012 atv was $9k new. Now its $15k. Wages have not increased like that. The atv purchase is not a im going to try atving out. Its now im a serious atv rider so im spending almost $20k on a machine. Dont even want to start on boating costs...😢
Cut the prices shit is too much money
This isn’t happening Tim Walz tells us the economy is happy and strong you just don’t realize it .
So you are in favor of price controls? Corporations with Monopoly control of their markets. Corporate Greed. Individual Greed. I remember the cheaper beer price wars of about 20 years ago in Florida. Corporations wanted to sell things for cheaper.
It’s part of Democrat build back better plan. Bankrupt everyone and start over.
No, that's Corporations & many have monopoly control over their segments of the economy. There hasn't been any new liberal policies since LBJ. Republicans like to obstruct. Senate last 2 years under Obama. House last 2 years under Biden. While we were experiencing inflation Republicans in the House decided not to give Biden any new legislation.
Dumbass Trump is the king of bankruptcy. He filed for it six times. What a deadbeat!
I remember when we had Ohio Arctic Cat Dealers everywhere...now no snow here.
It didn’t snow in Minnesota last year. Impossible to ride a snowmobile without any snow. If you are struggling with understanding that, blame it on interest rates and kids these days lol.
I remember fixing pressure transducers for AC and deliberately screwing them up.
To much money now.
Vehicles, homes, rents.
$$$$
Maybe the Democrats could raise our gas taxes and tax our amazon deliveries for another George Floyd memorial or a new state flag- would that help?
You do realize the cops involved with Floyd are in jail.
Even Red states tax online orders now.
They should, cry some more...
People don’t have money to eat so there is definitely no money for expensive toys. Thanx Biden.
Yup, Trump will turn this all around, right ??
Over charging
Live in ny it doesn’t snow anymore just rain
The prices are a total joke. I could buy a nice car for what a new sled costs.
Serves them right for the price increases they rammed down our throats
Good riddance of overpriced junk 😂
I think an ATV is way more practical. ATVs are nearly 4 season vehicles. I love Arctic Cat...owned several sleds way back when. Now that i am older, i avkid the snow and cold. Too difficult.
The professor is so out of touch…. People can’t afford a $19,000 snow mobile!!!!!!! *it’s because people have been sent to the poor house 🏠
Young people nowadays just do virtual motorsports is the main reason. Junk food and drink sales are way up.
Only so much money to go around and a changing age demographic. Milder winters definitely not helping. Hard to justify buying a new sled for something your lucky to get a couple of weekends of riding. Arctic Cat is the first to feel the pain. I’m sure others will follow.
The majority of individuals that buy these toys rely on credit and they had a great time when credit was provided at near zero through the Covid years. These individuals are now tapped. This goes in cycles, things will get better again. A hangover stage if you will, Industries that rely on “Beer Income Champagne Taste”, “The hell with tomorrow, I’m going to live today”, “I deserve to treat myself” buyers will always be vulnerable to these up and downs. I certainly will never invest in these types of businesses myself.
It's incredible how poor this country has gotten in 25 years. I remember the early 2000s. Cheap gas, corporate giveaways, complementary freebies, even working people could afford to eat out a few times per week, zero interest Sears financing terms for all home appliances including air conditioners, water heaters, and central air conditioners. The rich got richer and the working and middle classs got MUCH poorer.
I rode smowmobile for years and paid more than $2.94 for gasoline so that’s not it.
Less prople are doing outdoor things. Hunting and fishing have become less and less and less popular in the last thirty/forty years too. With phones/devices/video games being what younger people do, there will be less and less outdoor recreation.
@@billsoderholm3125 I’m 63 and have always closely monitored the financial/investment markets. The fact is at present the typical US consumer that purchases these expensive toys has too much debt due to overly easy credit, lack of financial acumen, and the personality traits I mentioned in my first post. Of course there are contributing factors like you mention above along with the climate change impacts that are changing our winters. However all that said the primary reason is the large consumer base that would easily support Arctic Cat just doesn’t have the money to pay that 10 year loan at present. They will again in a few years.
@@gregorymalchuk272 The period you mention would ultimately lead to the largest credit crisis since the Great Depression. This was due to a basically unregulated US financial market that didn’t care if the loan could be paid back or not. The good ole US taxpayer came to rescue. I consider it the largest socialist bailout in history. It’s ironic is it?
Cat has had major QC issues and fallen behind the competition in recent years with some bad chassis. Especially their mountain machines.
Crazy how many corporations are laying off. America gonna be hurting.
No snow. Prices too high. I’ll stick to my vintage sleds. Cats engineering department was cut to nothing a few years ago. The last developments were the single rail skid and the 858 engine. The Catalyst chassis came out a few years ago to good reviews and underwhelming sales. I bleed green, but this is just sad. Hope the workers can find a job quick.
We snow and money to play in the winter. We do t have enough of both.
What is goin on here in the last 3 months ive heard of atleast 20 big companies laying off closing 😳 they need better management, and people might try new powersports machines if they made some affordable my first new sled was 1986 about 4 grand you could get a decent machine now you need 15 grand for a decent machine that you won't get bored of from it being to underpowered 😂😂😂i gave it up in 2007 we just don't get the snow anymore in new England at one time in its peak you could ride from October till April, now your lucky to get a couple good weeks of riding 😉 it just isn't worth it to me to spend 20 grand on a machine trailer and riding gear for a handful of really good rides ,but motorcycles and boating is still enjoyable. The boating hobby being the best because the whole family can enjoy it😊
The recreation sports is not cheap.😮
our winter’s aren’t like they use to be and there for no one is buying 15-20k sleds for maybe one month of use
Amen, quit trying to squeeze every dollar out of the buyers. Boat sales have finally peaked and some people are finding out how expensive a boat is. Start producing buyable side by sides because winter is no longer consistent anymore up here in the Northwoods, no snow last season and warmer and drier Fall going into winter. Gotta freeze the lakes. Don’t need a 1200 cc turbo charged sled.
Live in the black hills of South Dakota, we have been nearly snow free for the last 6-8 years. Climate warming has impacted snowfall and snowmobile sales have to suffer because of it, people always find enough $$ when hobbies are involved, this clip does not address the weather effect on sales. So blaming sales decline on cost of machines is only partially true.I have friends here who have not run their sleds for 5 years, why buy a new one?
Just like new cars.... Overpriced and over engineered. The difference being people don't have that kind of money for Toys.
I grew up in WI in the 70's so I know what I am talking about on this
Lets no lose the fact that we are talking about SNOWMOBILES
That need SNOW
These things could be practically free exempt from all regulations and you could ride them everywhere and it would not matter
Now it is often December before you get enough snow to use these things and what little snow you got is gone by the end of February
That has as much to do with it as anything
Nobody has extra money anymore 😢