Vespa profit up 54% first 9 months of 2005
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Technical Moderator
Consume Less & Share More
Joined: 25 Oct 2005
Posts: 3130
Location: New Jersey, USA
Mon Nov 28, 2005 6:55 pm quote
PIAGGIO: TURNOVER FIRST 9 MONTHS 2005 +5.9 PCT
(AGI) - Rome, Italy, Nov.4 - Piaggio's net consolidated turnover increased by 5.9 pct in the first 9 months 2005 compared to the same period 2004, reaching 1,164.2 mln euro. The increase - reports the company - was driven by the recovery of Aprilia, whose proceeds increased by almost 8 pct, by a 46 pct increase in Moto Guzzi sales, by the Vespa models, +54 pct, and by Piaggio USA, +44.8 pct. (AGI) -
041851 NOV 05
Ossessionato
2005 Dragon Red Vespa ET4 Speedster
Joined: 07 Nov 2005
Posts: 2109
Location: Rappahannock Co., Virginia
Mon Nov 28, 2005 8:19 pm quote
I like to think I might have had a hand in that. I know my wife sure does We both ride, me: scooters, her: horses. In the long run scooters are a lot more economical.
Enthusiast
03 ET4 & 06 GTS
Joined: 08 Nov 2005
Posts: 90
Location: High Point, NC
Tue Nov 29, 2005 7:12 am quote
It is amazing how the price of fuel has somewhat increased this growth. Curious what the numbers will be for next year....with the new LX models rolling out this fall and the new GTS.....
Hooked
Joined: 11 Nov 2005
Posts: 447

Tue Nov 29, 2005 7:31 am quote
The months after the big gas price increases were WAY up. September 05 and October 05 sales were both ~100% higher than those months in 2004, according to Piaggio USA. They say that the scooter market is experiencing the highest growth rate of the last 5 years.
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