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Piaggio Reports Q1 2012 Results

Increased scooter sales offset a drop in motorcycle sales, but both segments reported increases in net sales for the Piaggio Group in the first quarter of 2012. According to Piaggio‘s first quarter report, the Group sold 9,400 motorcycles worldwide, down 8.2% from the 10,300 units sold in the same quarter last year. Scooter sales however saw a 7.9% increase to 79,200 units from 73,400 units.

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.

2015 Moto Guzzi V7 II Lineup to Debut at Intermot

Piaggio will present an update Moto Guzzi V7 lineup at next week’s Intermot show in Cologne. Dubbed the V7 II, the new model family will again be available in three versions, the V7 II Stone, V7 II Racer and V7 II Special. Guzzi’s signature longitudinally-mounted engine returns, but mounted 10mm lower and tilted 4° forward, addressing rider complaints about a lack of knee space.