It’s hard to know where the powersports market is headed. Just a year ago, Polaris laid off a large number of employees, and it looks like there may be more layoffs this year, but BRP’s revenue increased an incredible 150% year-over-year in the third quarter of this year.
Now, to make things even more confusing, a well-known Florida-based powersports dealer has filed for Chapter 11 bankruptcy.
The company, Cycle Sport Center, Inc., an Orlando-based powersports dealership, recently filed for Chapter 11 bankruptcy in the hope of restructuring its debt while continuing normal operations. American electric bicycle company Rad Power Bikes recently filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code, a voluntary move, with records showing the petition was filed in the U.S. Bankruptcy Court for the Middle District of Florida on December 29.
Come back every business day Subscribe to our newsletter Learn more and read our Privacy Policy and Terms of Use.
Cycle Sport Center carries a variety of powersports brands including Slingshot, Kawasaki, Polaris, KTM and Yamaha. As for specific vehicle and service types, well, it’s pretty much everything you can think of: motorcycles, personal watercraft, scooters, and utility vehicles. Accessories, apparel and repair services. The Cycling Center has clients in Kissimmee, Lake Mary, Windermere, Oviedo and Longwood.
After attorney Justin M Luna filed a voluntary Chapter 11 filing under Chapter 5 for Cycle Sport Center, Inc., the court ordered the dealer to submit all due documents. Required documents include schedules and statements, compensation disclosures, and financial statements. The deadline for Chapter 11 plans is March 30, 2026.
The Cycling Center will continue to operate as normal while working to submit required documentation and submit a Chapter 11 plan by the required deadlines. The hope is that the brand will be able to reorganize and/or find a buyer before March 26 to emerge from its financial troubles.