KTM to file for Bankruptcy/ Self Restructuring on Friday

j368
Posts
571
Joined
7/13/2014
Location
Tulsa, OK US
1/19/2025 12:37pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

Where did this info come from?

2
MONEY.
Posts
14
Joined
12/10/2024
Location
Tuscon , AZ US
1/19/2025 12:43pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

MxAddic wrote:

Are these bikes owned by KTM NA? Looking for short term funding to keep the doors open?

Yes bikes are owned by the company. It sounds like they are looking for any funding they can before another lay off wave hits NA.

MONEY.
Posts
14
Joined
12/10/2024
Location
Tuscon , AZ US
1/19/2025 12:44pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

j368 wrote:

Where did this info come from?

Inside source. One of the few employees left.

1
JazzyJJ
Posts
1775
Joined
12/1/2020
Location
Nunya, WY US
1/19/2025 12:54pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

How many bikes? Vital group buy?

3

The Shop

MxAddic
Posts
5308
Joined
11/24/2022
Location
NY US
1/19/2025 12:55pm Edited Date/Time 1/19/2025 12:55pm
MONEY. wrote:

Yes bikes are owned by the company. It sounds like they are looking for any funding they can before another lay off wave hits NA.

An ever bigger concern for me would be they are having a fire sale before D-day that is this week and have no confidence the court will allow them to continue operations.

2
2
wrc777
Posts
3133
Joined
5/21/2020
Location
Greenwood, IN US
Fantasy
1/19/2025 2:55pm

2024 or 2025?

1/19/2025 4:41pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

j368 wrote:

Where did this info come from?

MONEY. wrote:

Inside source. One of the few employees left.

Please post more info, when you have it. What auction co., date, inventory, ect. Thank you.

4
1/19/2025 4:44pm Edited Date/Time 1/19/2025 4:57pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

NSP139 wrote:

Can you buy individual bikes at auction or do you have to buy a certain quantity?

You need to be a dealer to buy new bikes at auction.

If you’re seriously looking for something, after they list the models that will be available, let your dealer know what you are willing to pay for the model you are looking for.  If he can find it for less than what you offered, he can buy it for you.  You’ll get the deal you wanted, and the dealer might still make a few bucks.  Win/win.  

3
Spoonguy
Posts
3409
Joined
2/28/2022
Location
Mc Kean, PA US
1/19/2025 5:51pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who is your source?

4
2
JazzyJJ
Posts
1775
Joined
12/1/2020
Location
Nunya, WY US
1/19/2025 5:56pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

Spoonguy wrote:
I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who...

I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who is your source?

Yamaha was a different deal. KTM is trying to raise all of the cash that it can as fast as it can to stay solvent. 

2
1/19/2025 5:57pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

Spoonguy wrote:
I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who...

I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who is your source?

It would be a better for the creditors to sell them, for whatever they can get.

2
1911
Posts
4953
Joined
4/2/2008
Location
LAS VEGAS, NV US
1/19/2025 6:09pm
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

Spoonguy wrote:
I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who...

I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who is your source?

You questioning a guy with the user name Money, 2 week old account? I am sure his info is legitimate. 🤣

4
1
MxAddic
Posts
5308
Joined
11/24/2022
Location
NY US
1/19/2025 6:19pm

Unfortunately for them Pierer is still calling the shots. Keep in mind he wants them to agree to a promise for him to pay.

2
Spoonguy
Posts
3409
Joined
2/28/2022
Location
Mc Kean, PA US
1/20/2025 3:37am
MONEY. wrote:
Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their...

Outside of San Diego SX things are continuing to go down hill for the PMG. They are sending all their in house motorcycles to auction. Their Virginia warehouse is at full capacity and they have no space in the Ohio or California warehouse. If your into auctions you will probably be able to find a smoking deal as they are selling all the bikes as a packaged deal. 

Spoonguy wrote:
I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who...

I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who is your source?

It would be a better for the creditors to sell them, for whatever they can get.

It would destroy not just the brand but the sport to auction or firesale off 100,000 new bikes. What would used bikes be worth for 5 years, let alone new ones? What would it do to the aftermarket? Track use?

1/20/2025 4:06am
Spoonguy wrote:
I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who...

I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who is your source?

It would be a better for the creditors to sell them, for whatever they can get.

Spoonguy wrote:
It would destroy not just the brand but the sport to auction or firesale off 100,000 new bikes. What would used bikes be worth for 5...

It would destroy not just the brand but the sport to auction or firesale off 100,000 new bikes. What would used bikes be worth for 5 years, let alone new ones? What would it do to the aftermarket? Track use?

It's 130,000 new bikes, and yes short term it would destroy the market, and the brand, but that decision is up to the creditors, we'll know more after the 24th January and 25h February creditor meetings.

2
Beagle
Posts
1765
Joined
8/3/2023
Location
Toulouse FR
1/20/2025 4:56am

To be clear, restructuring is not some kind of lunatic demand by Pierer, it is in fact a very common outcome in Austria insolvency proceedings. The court will assess if restructuring is more beneficial than liquidation for the creditors, and of course creditors get to vote.

5
1
MxAddic
Posts
5308
Joined
11/24/2022
Location
NY US
1/20/2025 5:41am
It's 130,000 new bikes, and yes short term it would destroy the market, and the brand, but that decision is up to the creditors, we'll know...

It's 130,000 new bikes, and yes short term it would destroy the market, and the brand, but that decision is up to the creditors, we'll know more after the 24th January and 25h February creditor meetings.

We don’t know the actual number held by KTM NA in their warehouses. The stated number may have been made  up by a global aggregate that includes bikes being floored by dealers or just bike held by KTM AG.

The auction appears to be just bikes held in KTM NA warehouses.

1
2
Spoonguy
Posts
3409
Joined
2/28/2022
Location
Mc Kean, PA US
1/20/2025 6:25am

They could maybe make a half billion on an auction that size? Considering they owe 3B?

soggy
Posts
8488
Joined
12/3/2018
Location
UT US
1/20/2025 6:39am

We don’t have any credible info that backs up what money said. 

2
1
JazzyJJ
Posts
1775
Joined
12/1/2020
Location
Nunya, WY US
1/20/2025 6:41am
Spoonguy wrote:
I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who...

I call bull shit on this. Be a better decision for brand value to crush or dismantle excess stock like Yamaha did in the 70s. Who is your source?

It would be a better for the creditors to sell them, for whatever they can get.

Spoonguy wrote:
It would destroy not just the brand but the sport to auction or firesale off 100,000 new bikes. What would used bikes be worth for 5...

It would destroy not just the brand but the sport to auction or firesale off 100,000 new bikes. What would used bikes be worth for 5 years, let alone new ones? What would it do to the aftermarket? Track use?

Destroy the sport? If anything it would grow the sport if an influx of cheap bikes hit the market. With the way things are right now, getting to the track/trails for less money would be great

MxAddic
Posts
5308
Joined
11/24/2022
Location
NY US
1/20/2025 6:52am
soggy wrote:

We don’t have any credible info that backs up what money said. 

Leave it to you to call out the only person on this board giving us actual insider info.

5
2
JazzyJJ
Posts
1775
Joined
12/1/2020
Location
Nunya, WY US
1/20/2025 6:57am
soggy wrote:

We don’t have any credible info that backs up what money said. 

He's pretty much batting 1.000 at this point in terms of KTM news

5
soggy
Posts
8488
Joined
12/3/2018
Location
UT US
1/20/2025 7:18am
soggy wrote:

We don’t have any credible info that backs up what money said. 

MxAddic wrote:

Leave it to you to call out the only person on this board giving us actual insider info.

dude I'm not calling anyone out.  I didn't say what he said wasn't true, just that he's the only source.  I haven't followed every page of this thread so if he's provided other info that turns out to be true maybe this will too.

Probably a very bad sign if it does turn out to be true.

2
ThreadKill
Posts
48
Joined
1/18/2022
Location
San Diego, CA US
1/20/2025 7:30am

Which auction house are they using,NPA?

GrapeApe
Posts
8761
Joined
6/7/2010
Location
Mc Kinney, TX US
1/20/2025 7:32am
soggy wrote:

We don’t have any credible info that backs up what money said. 

JazzyJJ wrote:

He's pretty much batting 1.000 at this point in terms of KTM news

Are you referring to Money or MONEY.? They both seem disgruntled but one is throwing around some unsubstantiated rumors and even contradicting himself a bit. Not a bad idea to get some validation before taking one's word as gospel on the internet.

2
alphado
Posts
4051
Joined
8/15/2006
Location
Erie, PA US
1/20/2025 8:04am Edited Date/Time 1/20/2025 8:08am

If they auction them all off, who can buy them?  Does it have to be a KTM dealer?  Can anybody buy them and sell them as new?  What do all the current KTM dealers do if all the inventory is sold off?

burn1986
Posts
12246
Joined
4/16/2010
Location
bossier city, LA US
1/20/2025 8:07am

The L A freeways would be over run with e'm.

They only ride bikes they stole…

3
NSP139
Posts
1203
Joined
5/6/2021
Location
Temecula, CA US
1/20/2025 8:18am
alphado wrote:
If they auction them all off, who can buy them?  Does it have to be a KTM dealer?  Can anybody buy them and sell them as...

If they auction them all off, who can buy them?  Does it have to be a KTM dealer?  Can anybody buy them and sell them as new?  What do all the current KTM dealers do if all the inventory is sold off?

Exactly what I was thinking if this is true this is a double whammy to the dealer no inventory to sell and what they do have won't be worth anything! If KTM destroys their dealer chain there's no chance!

3

Post a reply to: KTM to file for Bankruptcy/ Self Restructuring on Friday

The Latest