BRP Quarterly Results Strong

Posted on May 31, 2019 by Marc Cesare

2019 Can-Am Defender HD8 help drive BRP quarterly results — Models like the Can-Am Defender HD8 features which was upgraded for MY2019 helped drive BRP sales.

BRP Quarterly Results Overview

BRP reported another strong quarter with revenues increasing 17% year over year to $1,334 billion (CA). Year-Round Products segment sales drove the BRP quarterly results for the first quarter of their 2020 fiscal year. In addition, sales increased across US, Canadian and International markets. Management reported that the company’s retail growth outpaced or at least matched industry growth around the globe.

UTV Related Highlights

The following are some of the highlights from the BRP quarterly results as they relate to the UTV market.

Similar to other OEMs, BRP noted that snowbelt weather hindered retail sales early in the quarter but rebounded later
Weather delayed sales rather than being permanently lost
Side-by-side North American retail sales increased high single digits compared to mid-single digits for the industry
Retail sales could have been higher except for constrained Defender UTVs supply
Management reported strong promotional activity from competitors during the quarter but the environment is improving
Side-by-side retail sales for the season(~ 10 months) are up high teens %
Globally, BRP side-by-side average selling price is flat and up slightly for YTD and quarter respectively
Defender sales have been particularly strong and supply remains tight
Management reports taking the most side-by-side market share in the industry for the season in both utility and sport segments
Market share is up in Middle East and Asia-Pacific regions as well
Do to supplier locations, China related tariffs minimally affect costs
BRP is launching a new side-by-side platform in June
Increased production capacity will be online
Management increased their guidance for FY2020 results, predicting revenue to increase 9% to 13%
Guidance for Year-Round Products which includes side-by-sides is for a 14% to 19% increase

Learn more: Earnings call transcript (seekingalpha.com)

SVR’s Take

BRP continues to be the main challenger to Polaris in the side-by-side market. Between the two of them they control around 60% of the market. With both growing market share for the most part, many of the other manufacturers are likely suffering. The success of the Can-Am Defender line, particularly in agriculture markets, is likely hurting companies such as Kubota and John Deere.

Arctic Cat Recalls Havoc UTVs

Posted on May 29, 2019 by Marc Cesare

Arctic Cat Havoc — The Arctic Cat (previously Textron Off Road) Havoc is being recalled due to a front suspension arm issue.

Havoc Recall Overview

Arctic Cat is recalling approximately 1,700 Havoc UTVs. The upper front suspension arms can fail and create a crash hazard. The recall pertains to vehicles sold from January 2018 to April 2019. Owners should contact Arctic Cat to schedule a free repair. Previously, the vehicles were sold under the Textron Off Road brand. Subsequently, Textron brought back the Arctic Cat brand as the umbrella brand for their off-road products.

Havoc Recall Details

The following recall details are from the Consumer Products Safety Commission.

Hazard

The upper front suspension arms can fail, posing a crash hazard.

Remedy

Repair

Recall date

May 22, 2019

Units

About 1,700

Description

This recall involves all model year 2018 and 2019 Textron Havoc recreational off-highway vehicles manufactured by Arctic Cat. The two-seat vehicles come in four color combinations: charcoal metallic/bronze, green/black, red/black or white/black. The vehicles have Textron Off Road printed on each side of the hood and Havoc on each side of the rear cargo box. Remedy:

Consumer Contact

Consumers should immediately stop using the recalled vehicles and contact Arctic Cat to schedule a free repair. Arctic Cat is contacting all known purchasers directly.

Incidents/Injuries

Arctic Cat has received six reports of front suspension arm failures. No crashes or injuries have been reported.

Sold At

Textron Off Road and Arctic Cat dealers nationwide from January 2018 through April 2019 for between $13,800 and $17,000.

Manufacturer(s)

Arctic Cat Inc., of Thief River Falls, Minn., a subsidiary of Textron Specialized Vehicles, of Augusta, Ga.

Manufactured In

United States

Recall number

19-746

SVR’s Take

The recall size is relatively small but probably represents a relatively large portion of the Havoc sales for the time frame. This is one of the few times a recall related to suspension arms has been an issue. After trying to put the Arctic Brand under the Textron Off Road brand, Textron Specialized Vehicles has now moved to put everything off-road under the Arctic Cat brand. Probably the right move, Arctic Cat has a lot more brand equity and recognition in the off-road segment than the relatively new Textron Off Road. SVR maintains an ongoing list of recent STOV recalls.

Can-Am Earnings Strong For Q4 & FY19

Posted on April 2, 2019 by Marc Cesare

2019 Can Am Defender XT UTV — The 2019 Can Am Defender XT in Hyper Silver is one example of the companies constant parade of new models.

Can-Am Earnings Call Summary

Can-Am earnings were strong for the fourth quarter and fiscal year for 2019. Annual revenues increased 18% from $4.5 billion to $5.2 billion (CA$) and quarterly revenues jumped 23% to $1.5 billion. The following are highlights from the recent earnings call.

North American powersports retail sales excluding snowmobile sales grew 19% while the industry decreased low single digits in the fourth quarter
North American side-by-side sales increased high teens while the industry increased single digits
Can-Am grew market share in side-by-sides
Increased UTV production capacity by 30% at Mexico facilities with another 50% capacity increase planned for the coming year
Continued to introduce a new side-by-side model every six months following their long term plan
Side-by-side market remains competitive with promotions or “back end” money going to dealers to reduce net pricing

Can-Am Earnings Guidance for FY2020

Management is expecting continued growth for fiscal year 2020

Annual revenue is expected to increase 7-11%.
Year-Around Products revenue is expected to grow between 12% and 17% driven primarily by side-by-side models.

Learn more: Seeking alpha.com (Earnings call transcript)

SVR’s Take

Can-Am has grown into the main rival to Polaris in the North American side-by-side market. They have continued to gain market share for several years and have separated themselves from the rest of the pack chasing Polaris. They are the only company that has been able to match the market leader’s level of new model introductions. The development of their Defender product lines to pursue the utility vehicle segment has been a key to unlocking more growth. The complete Can-Am side-by-side lineup now comes close in size and segment coverage to the Polaris armada. Can-Am appears to be running on all cylinders and I would expect them to continue increasing revenue and market share.

Stampede & Rustler UTVs Recalled

Posted on March 8, 2019 by Marc Cesare

The Textron Off Road Stampede 4 is part of a recall due to a lower suspension arm issue.

Textron Off Road recently recalled approximately 700 model year 2018 Stampede and Rustler utility vehicles. The lower front suspension arm can fail and potentially cause a crash. The recall involves two-seat and four-seat models including the Stampede, Stampede 4, Rustler 850 and Rustler Crew 850. The following recall information is from the Consumer Products Safety Commission.

Stampede & Rustler Recall Information

Name of product: Stampede and Rustler off-highway utility vehicles (ROV’s)

Hazard: The lower front suspension arm can fail, posing a crash hazard.

Remedy: Repair

Recall date: March 5, 2019

Units: About 700 (In addition, about 70 were sold in Canada.)

Consumer Contact: Arctic Cat at 800-279-6851 from 8 a.m. to 5 p.m. CT Monday through Friday or online at www.textronoffroad.com and click on Recall Information located at the bottom of the page for more information.

Recall Details

Description: This recall involves all model year 2018 Stampede and Rustler model side by side Arctic Cat off-highway vehicles with VIN number 9003240 through 9004062. The recalled vehicles were sold in multiple colors, have four wheels and side-by-side seating for two or four people. The Stampede models have Textron Off Road on each side of the hood area and Stampede on each side of the box. The Rustler models have Rustler 850 on each side of the hood area and 4X4 on each side of the box. The Vin number is located under the front hood on all models.

Remedy: Consumers should immediately stop using the recalled ROVs and contact TSV/Arctic Cat to schedule a free repair. Arctic Cat is contacting all known purchasers directly. If you need assistance locating an authorized dealer to conduct this repair, contact Arctic Cat.

Incidents/Injuries: The firm has received four reports of front suspension arm failures. No injuries or crashes have been reported.

Sold At: Textron Off Road and Arctic Cat dealers nationwide from September 2017 through December 2018 for between $13,800 and $16,000.

Manufacturer(s): Arctic Cat Inc., of Thief River Falls, Minn., a subsidiary of Textron Specialized Vehicles, of Augusta, Ga

Manufactured In: United States

Recall number: 19-727

SVR’s Take

This is a small recall, but follows on the heels of another recent Textron Off Road recall. Textron produces the Rustler UTV for farm equipment manufacturer New Holland. The two companies partnered several years ago to produce utility vehicles. The partnership marries Textron’s vehicle manufacturing expertise with New Hollands farm oriented distribution network. SVR maintains an ongoing list of recent STOV recalls.

Havoc UTV Recall by Textron Off Road

Posted on March 8, 2019 by Marc Cesare

Some 2019 Textron Off Road Havoc UTVs are being recalled because of a fuel line issue.

Textron Off Road recently announced the recall of approximately 200 model year 2019 Havoc utility vehicles. Fuel can leak from the fuel line and pose a fire hazard. The two-seat UTVs were sold from October 2018 through January 2019. Consumers should stop using the vehicles and contact an Arctic Cat dealer to schedule a free repair. The following recall information is from the Consumer Products Safety Commission.

Havoc Recall Information

Name of product: Havoc off-highway utility vehicles (ROVs)

Hazard: Fuel can leak from the fuel line, posing a fire hazard.

Remedy: Repair

Recall date: March 5, 2019

Units: About 200

Consumer Contact: Arctic Cat at 800-279-6851 from 8 a.m. to 5 p.m. CT Monday through Friday or online and click on Recall Information located at the bottom of the page for more information.

Recall Details

Description: This recall involves Model Year 2019 Textron Havoc off-highway utility vehicles manufactured by Arctic Cat. The two-seat vehicles come in three color combinations: Charcoal metallic/black, red/black or white/black. The vehicles have Textron Off Road printed on each side of the hood and Havoc on each side of the rear cargo box. Vehicle identification numbers (VIN) ending in 9007497 through 9007717 are included in this recall. The VIN is stamped under the vehicle’s front hood.

Remedy: Consumers should immediately stop using the recalled vehicles and contact Arctic Cat to schedule a free repair. Arctic Cat is contacting all known purchasers directly.

Incidents/Injuries: None reported

Sold at: Textron Off Road and Arctic Cat dealers nationwide from October 2018 through January 2019 for between $14,000 and $18,000.

Manufacturer(s): Arctic Cat Inc., of Thief River Falls, Minn., a subsidiary of Textron Specialized Vehicles, of Augusta, Ga.

Manufactured In: United StatesRecall number:19-726

SVR’s Take

This is a minor recall, but does again involve an issue with the fuel lines or fuel system. There have been at least six recalls from across the industry since early 2015 that involve fuel system problems. SVR maintains an ongoing list of recent STOV recalls.

Kawasaki Mule Pro Recall

Posted on March 8, 2019 by Marc Cesare

In December, Kawasaki announced the recall of approximately 1,000 Mule Pro utility vehicles. The vehicle’s ROPS can fail to protect occupants. The recall involves model year 2018 and 2019 Mule Pro DXT, DX, FXT, FX and FXR vehicles sold from August to September of 2018. The following are recall details from the Consumer Products Safety Commission.

Recall Information

Hazard: The vehicle’s rollover protection structure (ROPS) can fail to protect consumers, posing an injury hazard.

Remedy: Repair

Recall date: December 6, 2018

Units: About 1,000

Remedy: Repair

Recall Date: December 6, 2018

Units: About 1,000

Consumer Contact: Kawasaki toll-free at 866-802-9381 from 8 a.m. to 5 p.m. PT Monday through Friday or online at www.Kawasaki.com and click on “Recalls” for more information.

Recall Details

Description: This recall involves 2018 and 2019 Mule Pro utility vehicles. The four-wheel, off-highway utility vehicles were sold in black, green, white, red, bronze, silver, camo and blue. They have side by side seating for three to six people and automotive style controls. Mule Pro is printed on the right and left front fender. Kawasaki is printed on the cargo box. The Vehicle Identification Number (VIN) is located on the steel frame between the right front lower A-arm mounts.

Models Affected

Year	Model	Model Code	Vin Range
2018	Mule Pro-DXT (EPS)	KAF1000AJF	JKAAFCA1XJB501117 through JKAAFCA11JB501152
2018	Mule Pro-DXT (EPS)	KAF1000BJF	JKAAFCB18JB503625 through JKAAFCB18JB503642
2018	Mule Pro-DX (EPS)	KAF1000EJF	JKAAFCE1XJB502410 through JKAAFCE18JB502437
2019	Mule Pro-FXT(EPS/LE/Camo/Ranch)	KAF820AKF	JKBAFSA13KB501645 through JKBAFSA14KB501671
2019	Mule Pro-FXT(EPS/LE/Camo/Ranch)	KAF820BKF	JKBAFSB15KB513858 through JKBAFSB18KB514230
2019	Mule Pro-FXT(EPS/LE/Camo/Ranch)	KAF820CKF	JKBAFSC19KB513036 through JKBAFSC19KB513361
2019	Mule Pro-FXT(EPS/LE/Camo/Ranch)	KAF820DKF	JKBAFSD18KB506741 through JKBAFSD1XKB506787
2019	Mule Pro-FX (EPS/LE)	KAF820FKF	JKBAFSF13KB506336 through JKBAFSF10KB506603
2019	Mule Pro-FX (EPS/LE)	KAF820GKF	JKBAFSG18KB504354 through JKBAFSG1XKB504355
2019	Mule Pro-FXT	KAF820JKF	JKBAFSJ19KB508972 through JKBAFSJ15KB509343
2019	Mule Pro-FXR	KAF820KKF	JKBAFSK14KB504620 through JKBAFSK17KB504630

Remedy: Consumers should immediately stop using the recalled utility vehicles and contact a Kawasaki dealer to schedule a free repair. Kawasaki is contacting all known purchasers directly.

Incidents/Injuries: None reported

Sold At: Kawasaki dealers nationwide from August 2018 through September 2018 for between $13,000 and $17,000.

Importer(s): Kawasaki Motors Corp., U.S.A. of Foothill Ranch, Calif.

Distributor(s): Kawasaki Motors Corp., U.S.A. of Foothill Ranch, Calif.

Manufactured In: U.S.

Recall number: 19-722

SVR’s Take

This is a pretty small recall. Although, it is one of the few that involves the ROPS. The only other ROPS recall SVR has tracked since early 2015 involved the https://www.smallvehicleresource.com/blog/2018/09/05/polaris-recalls-rzr-xp-turbo-s-utvs/2018 RZR XP Turbo S. SVR keeps an ongoing list of most STOV related recalls.

Marc Cesare, Smallvehicleresuource.com

Polaris Reports Another Strong Quarter

Posted on February 1, 2019 by Marc Cesare

The 2019 Polaris Ranger Crew XP 1000 EPS in Sunset Red Metallic is part of the Ranger product line that recently commemorated its 20th anniversary.

Polaris Q4 2018 Earnings Overview

Polaris reported another strong quarter and full year with 4th quarter sales of $1.6 billion, up 14% from last year. Full year sales topped $6.1 billion, up 12% from the prior year. The ORV/Snowmobile segment reported sales of $1.1 billion for the quarter, an increase of 7% year over year. The ORV portion declined 2% as the company had a tough comparable with the prior year’s quarter. On a negative note, management expects tariff and trade war costs to total between $110 to $120 million company wide for fiscal year 2019. They will hit the ORV and Motorcycle businesses the hardest. A significant portion of the Q&A on the call revolved around tariff and trade war costs. A summary of the earnings call highlights related to the STOV market follow.

Polaris Earnings Call Highlights

Polaris side-by-side retail sales increased mid single digits % while ATV retail sales decreased mid single digits %
Average selling price for the ORV segment increased by 7% but were partially offset by tariff, logistics, and commodity costs
Polaris gained market share in the side-by-side market for the quarter and the full year
Management believes they are gaining share from Japanese competitors and Arctic Cat, now owned by Textron
Global Adjacent Markets revenue increased 4% to $122 million on the strength of commercial, government and defense and Aixam businesses.
Polaris increased wholegood prices 3.5% for the ORV/Snowmobile segment at the start of 2019 to counter tariff and trade costs
Revenue for ORV/Snowmobile and Global Adjacent Markets segments are expected to increase mid-single digits % for fiscal year 2019
Management does not expect to enter into electric powered markets until there is large consumer demand. Their response pertained to motorcycles but appears to be their general philosophy.

Learn more: Earnings Call Transcript (seeking alpha.com)

Cub Cadet Recalls Challenger 400 4×4

Posted on November 29, 2018 by Marc Cesare

The Cub Cadet Challenger 400 4×4 is being recalled due to possible cracks in the fuel tank neck.

Challenger 400 4×4 Recall Overview

Cub Cadet is recalling their 2018 Challenger 400 4×4 utility vehicle because the fuel tank neck can crack, potentially leak fuel and create a fire hazard. The recall involves approximately 350 vehicles. Consumers should immediately stop using the recalled utility vehicles, store outside and contact an authorized Cub Cadet dealer or customer service representative to arrange for a free repair.

This is a very small recall but for a smaller manufacturer like Cub Cadet it represents a larger percentage of their overall vehicle sales. The Challenger 400 4×4 was launched earlier this year. SVR tracks recalls of golf cars, PTVs, LSVs and utility vehicles. The following detailed recall information is from the Consumer Product Safety Commission.

Challenger 400 4×4 Recall Details

Name of product: Cub Cadet Challenger 400 utility vehicles

Hazard: The fuel tank’s neck can crack and cause fuel to leak, posing a fire hazard.

Remedy: Repair

Recall date: October 24, 2018

Units: About 350

Consumer Contact: Cub Cadet toll-free at 888-848-6038 from 9 a.m. to 7 p.m. ET Monday through Friday, 9 a.m. to 6 p.m. ET Saturday and Sunday, or online www.cubcadet.com and click on “Product Recalls” for more information.

Recall Details

Description: This recall involves Cub Cadet model year 2018 Challenger 400 4×4 utility vehicles with model number 37BV3BHK010. The yellow utility vehicles have four-wheel drive with side-by-side seating for two people. “Challenger 400” and “4x4” is printed on both sides of the utility vehicle’s bed. “Cub Cadet” is printed on both sides of the front fender. The recalled vehicles were manufactured between May 2018 and August 2018. The model number and manufacture date in MM/YYYY format can be found on a label located on the seat frame under driver’s seat.

Remedy: Consumers should immediately stop using the recalled utility vehicles, store outside and contact an authorized Cub Cadet dealer or customer service representative to arrange for a free repair. Cub Cadet is contacting all known purchasers directly.

Incidents/Injuries: None

Sold At: Independent Cub Cadet dealers nationwide from May 2018 through August 2018 for about $7,500.

Manufacturer(s): Cub Cadet, of Cleveland, Ohio

Manufactured In: United States

Recall number: 19-707

Yamaha Golf Car Recalls 145,000 Vehicles

Posted on November 29, 2018 by Marc Cesare

Yamaha Golf Car’s model year 2016 to 2018 Adventurer vehicles are being recalled.

The Adventurer Sport 2+2 is also part of the recall.

Yamaha Drive 2 is being recalled.

Yamaha Golf Car Recall Overview

Last month Yamaha Golf Car announced the recall of approximately 145,000 golf cars, personal transportation vehicles (PTVs) and utility vehicles. The accelerator pedal return spring can break on the vehicles, posing a crash hazard. The recall involves model year 2016 through 2018 gas and electric-powered golf cars, personal transportation and specialty vehicles. Model names include the Drive, Drive2, Adventurer and Adventurer Sport 2+2. Owners should immediately stop using the recalled vehicles and contact a Yamaha golf car dealer to schedule a free repair. There have been no reports of injuries related to the recall but 417 spring failures have been reported.

This is an extremely large recall and rivals those of Polaris from the past several years. Yamaha had a slightly larger recall earlier in the year involving many of the same models for a brake cable issue. SVR tracks recalls of golf cars, PTVs, PSVs and UTVs. In general, the small, task-oriented vehicle industry appears to have a recall problem. A significant number of vehicles are being recalled every year. The following detailed information on this recall is from the Consumer Product Safety Commission.

Yamaha Golf Car Recall Information from CPSC

Name of product: Yamaha golf cars, personal transportation and specialty vehicles

Hazard: The accelerator pedal return spring can break, posing a crash hazard.

Remedy: Repair

Recall date: October 3, 2018

Units: 145,000

Consumer Contact: Yamaha toll-free at 866-747-4027 anytime or online at www.yamahagolfcar.com and click on the CPSC Recall Alerts tab for more information.

Recall Details

Description: This recall involves the following model year 2016 through 2018 gas and electric-powered golf cars, personal transportation and specialty vehicles. The vehicles were sold in various colors including blue, green, red, white, tan and silver. The model and serial number can be found on a label under the seat on the left or right side.

Model Year	Model Name	Model Prefix	Serial Number Range
Model Year	Model Name	Model Prefix	Serial Number Range
2016	Drive Models YDRA (Gas)	JW8	600101	614300
		JC2	300101	312000
		JC0	700101	706600
	Drive Models YDRE (Electric)	JW9	600101	618100
		JC3	000101	004700
		JC1	700101	703500
	Adventurer Model YTF1A (Gas)	JW6	800101	800600
	Adventurer Model YTF2A (Gas)	JW7	700101	701250
	Adventurer Model YTF2E (Electric)	JW3	100101	100300
2017	Drive² Models DR2A (Gas)	J0A	000101	010100
		J0B	000101	016900
		J0D	000101	007200
	Drive² Models DR2E (Electric)	J0C	000101	011400
		J0E	000101	002900
		J0J	000101	002000
	Adventurer Model YTF1A (Gas)	JW6	900101	900400
	Adventurer Model YTF2A (Gas)	JW7	800101	800750
	Adventurer Model YTF2E (Electric)	JW3	200101	200250
2018	Drive² Models DR2A (Gas)	J0A	100101	110400
		J0B	100101	119200
		J0D	100101	110600
	Drive² Models DR2E (Electric)	J0C	100101	111700
		J0E	100101	102600
		J0J	100101	102700
	Adventurer Model YTF1A (Gas)	JW6	910101	910500
	Adventurer Model YTF2A (Gas)	JW7	900101	900800
	Adventurer Model YTF2E (Electric)	JW3	300101	300250

Remedy: Consumers should immediately stop using the recalled vehicles and contact a Yamaha golf car dealer to schedule a free repair. Yamaha is contacting all registered owners directly.

Incidents/Injuries: Yamaha has received 417 reports of incidents involving spring failures. No injuries have been reported.

Sold Exclusively At: Yamaha golf car dealers nationwide from June 2015 through August 2018 for between $5,500 and $12,300.

Manufacturer(s): Yamaha Motor Manufacturing Corporation of America, of Newnan, Ga.

Distributor(s): Yamaha Golf-Car Company, of Kennesaw, Ga.

Assembled in: U.S.

Recall number: 19-701

Honda Recalls 56,000 Pioneer 1000 UTVs

Posted on November 29, 2018 by Marc Cesare

2016 – 2018 Honda Pioneer 1000 three passenger model being recalled.

The 2016-2018 five passenger model is being recalled as well.

Location of the VIN on the Honda Pioneer models.

Pioneer 1000 Recall Overview

Honda has announced a massive recall of their Pioneer 1000 utility vehicles because an incorrectly installed throttle body poses a fire and burn hazard. The recall involves all model year 2016 and 2017 vehicles, as well as some 2018 vehicles. The three passenger and five passenger models are included in this action. Owners should stop using the recalled vehicles immediately and contact their local Honda Powersports dealer to schedule a free inspection and repair. No injuries have been reported related to this recall.

This is a very large recall. Earlier this year Honda issued a recall for most of these same vehicles because of a muffler issue. SVR tracks ongoing vehicle recalls for UTVs, golf cars and LSVs.

Detailed Recall Information

The following information is from the Consumer Products Safety Commission.

Name of product: Recreational off-highway vehicles (ROVs)

Hazard: An incorrectly installed throttle body can ignite, posing fire and burn hazards to consumers.

Remedy: Repair

Recall date: November 8, 2018

Units: About 56,000

Consumer Contact: American Honda toll-free at 866-784-1870 from 8:30 a.m. to 4:30 p.m. PT Monday through Friday or online at http://powersports.honda.com/and click on “Recall Information” at the bottom of the page for more information.

Recall Details

Description: This recall involves all model year 2016 through 2017, and some model year 2018 Honda Pioneer 1000 side-by-side vehicles. The recalled vehicles were sold in various colors including: red, blue, green, gray and yellow. The name “HONDA” is on the front, sides and the rear of the vehicle. The model name Pioneer 1000 is printed on a label located on both sides of the vehicle, near the rear. The serial number (VIN #) is stamped in the frame at the left rear, below the tilt-up bed/seat. The following model numbers and serial number ranges are being recalled:

MY	Model	VIN Start
2016	Pioneer 1000 3P (SXS10M3*)	1HFVE04G4000001 — 1HFVE04G4008403
2016	Pioneer 1000 5P (SXS10M5*)	1HFVE04G4000001 — 1HFVE04G4010507
2017	Pioneer 1000 3P (SXS10M3*)	1HFVE04H4100001 — 1HFVE04H4102101
2017	Pioneer 1000 5P (SXS10M5*)	1HFVE04H4100001 — 1HFVE04H4103000
2018	Pioneer 1000 3P (SXS10M3*)	1HFVE04J4200001 — 1HFVE04J4200720
2018	Pioneer 1000 5P (SXS10M5*)	1HFVE04J4200001 — 1HFVE04J4200780

* Variable character

Remedy: Consumers should immediately stop using the recalled ROVs and contact an authorized Honda Powersports dealer to schedule an appointment for a free inspection and repair. Honda is contacting all known purchasers directly.

Incidents/Injuries: The firm has received 5 reports of throttle body igniting. No injuries have been reported.

Sold At: Authorized Honda Powersports dealers nationwide from August 2015 through August 2018 for between $14,000 and $22,000.

Manufacturer(s): Honda of South Carolina Mfg. Inc. (HSC), of Timmonsville, S.C.

Distributor(s): American Honda Motor Company Inc., of Torrance, Calif.

Manufactured In: United States

Recall number: 19-714