1992 - 97 Industry averaged 12% annual growth1998 -99 Industry averaged 23% annual growth2000 Industry growth 19% 2001+ Average annual growth rate 10% +

Buyer Profile

• 40% first time buyers

• Male, married, age 41

• Average Income $51,000

• Utility-oriented:

Farm/Ranch/Hobby 1/3

Outdoorsman/Hunting 1/3 Recreation 1/3

Worldwide ATV Industry Growth

ATV Overview

Competitors

• Honda • Yamaha • Kawasaki • Suzuki • Arctic Cat • Bombardier

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