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Piaggio Reports Q3 2012 Results

The Piaggio Group reported a 9.1% decrease in net sales over the first nine months of 2012 compared to the same period in 2011, thanks in large part to a strong decline in the European market for two-wheelers. According to Piaggio‘s third quarter 2012 report, the Italian manufacturer recorded 706.3 million euros (US$913.8 million) in motorcycle and scooter sales, compared to 777.2 million in sales over the same period of 2011. The Piaggio Group, which also includes the brands Aprilia, Moto Guzzi, Vespa and other brands, sold 321,300 motorcycles and scooters in the first nine months of 2012, a year-on-year decrease of 3.5% from 2011.

Piaggio Reports 2012 Sales Results

The Piaggio Group reported a 7.3% decrease in net sales and a 9.0% decrease in net profit for 2012, thanks in large part to a sharp decline in demand in Europe including an all-time low for motorcycle sales in Italy. Piaggio reported net sales of 1.406 billion euros (US$1.842 billion) in 2012, down from 1.516 billion euros in 2011. Motorcycles and scooters accounted for net sales of 993.3 million euros  (US$1.301 billion), a 3.1% decrease from 1.025 billion euros reported for 2011.

Classic Japanese Bikes Highlight Bonhams’ Next Auction

Bonhams’ annual fall auction, the Classic Motorcycle Mechanics Show, at Stafford County Showground is scheduled for October 20, 2013. Included in the auction is the above pictured 1974 Kawasaki H1-RW 500cc triple. Expected to sell for approximately $96,000 to $112,000, the Japanese works Grand Prix racer is one of only two machines built by the factory for the French Kawasaki importer SIDEMM for use in the 500cc World Championship. The bikes were ridden during the 1974 season by the French endurance racing specialist Christian Léon and French-Canadian Formula 750 star Yvon Duhamel.