Issue link: https://read.dmtmag.com/i/422004
26 • December 1, 2014 • Powersports Business MOTORCYCLE www.PowersportsBusiness.com five bikes. The remaining spots were shared by Kawasaki with two, Suzuki with two and Yamaha with one. Despite only being on KBB.com since May, the 2014 Honda CRF250L is making an appearance on the top 10 most researched off-road motorcycles under 400cc list. It is the only 2014 model-year vehicle in the top 10 in any segment. SCOOTERS The top 10 most researched scooters list showed the biggest variety of any segment, with 10 unique vehicles appearing. Interest in the top 10 scooters list also demon- strated a variety in engine size, with displace- ments ranging from 50cc to 400cc. The No. 1 scooter on the list, the 2013 Honda PCX150, had 43 percent more KBB.com web hits than the No. 2 scooter. PSB Lisa Pellisier is senior powersports analyst at Kelley Blue Book. KBB.COM CONTINUED FROM PAGE 25 Change from Q2 2014 KBB Suggested Retail Value KBB Trade-In Value 1 2013 Honda PCX150 up 7% $1,680 $2,500 2 2005 Yamaha Zuma 50 down 10% $660 $1,080 3 2007 Suzuki Burgman 400 up <1% $2,020 $2,975 4 2007 Vespa LX 150 down 3% $1,555 $2,320 5 2009 Honda NPS50 Ruckus down 15% $905 $1,410 6 2010 Honda NHX110 Elite down 10% $1,075 $1,650 7 2006 Yamaha Vino 125 up 5% $785 $1,250 8 2009 Yamaha Zuma 125 down 22% $1,210 $1,840 9 2009 Honda CHF50 Metropolitan down 2% $610 $1,015 10 2007 Yamaha Majesty down 7% $1,965 $2,900 Year Make Model SCOOTERS & MOPEDS Source: Kelley Blue Book Industry supplier will invest $7.8 million, add 16 jobs at Minnesota facility TEAM Industries, a Bagley, Minn-based com- pany that specializes in manufacturing drive- trains and other components for vehicles, is planning a $7.8 million expansion at its pro- duction facility in Detroit Lakes. The company said it will add 16 jobs and build a 22,500-square-foot addition at the factory, which specializes in high-pressure aluminum die castings. The $7.8 million expansion includes $2.3 million on the facil- ity, and the remaining $5.5 million will be for equipment. The jobs will pay an average sal- ary of $14 an hour. The Minnesota Department of Employ- ment and Economic Development (DEED) is assisting the company with the expansion with $174,900 from the Minnesota Job Creation Fund. The company will receive the funding after completing the addition. "TEAM Industries has been producing reliable drivetrain technology and other manu- factured components for nearly half a cen- tury," said DEED commissioner Katie Clark Sieben. "We're proud to call them a Minnesota company and thank them for creating jobs in Detroit Lakes." TEAM, which has been in business since 1967, specializes in making drivetrains, transmissions, axles and gears. The company employs more than 1,000 people in Minnesota at facilities in Audubon, Bagley, Cambridge, Detroit Lakes and Park Rapids. TEAM also has a manufacturing plant in Andrews, N.C. The company announced in July that it had entered into a partnership with Oregon-based Brammo Inc. to create systems that enable ATVs, snowmobiles, buses, boats, motor- cycles, and golf and utility vehicles to run on lithium-powered batteries. The Job Creation Fund, which was first proposed by Governor Mark Dayton to encourage job growth in Minnesota, is a new pay-for-performance program that provides expansion support funding to businesses after they meet certain criteria, including minimum requirements for job creation and private investments. Since the Job Creation Fund was launched in January, DEED has awarded $15.1 million to 26 companies in Minnesota. Those compa- nies have committed to creating nearly 1,600 new full-time jobs and plan to invest more than $314.1 million to expand. The Job Creation Fund has awarded $5.9 million to 13 companies in Greater Min- nesota that expect to create 461 full-time jobs and invest $86 million. DEED is the state's principal economic development agency, promoting business recruitment, expansion and retention, work- force development, international trade and community development. PSB TEAM Industries plans expansion Change from Q2 2014 KBB Suggested Retail Value KBB Trade-In Value 1 2009 Kawasaki KLX250S down 19% $2,045 $3,015 2 2007 Honda CRF250R down 16% $1,780 $2,640 3 2006 Honda CRF250R down 16% $1,590 $2,370 4 2013 Honda CRF250L down 8% $2,300 $3,375 5 2005 Honda CRF250R down 19% $1,420 $2,125 6 2009 Kawasaki KX250F down 23% $1,970 $2,910 7 2006 Suzuki DR-Z400S down 5% $2,055 $3,030 8 2007 Suzuki DR-Z400S down 9% $2,255 $3,310 9 2014 Honda CRF250L up 73%* $2,575 $3,765 10 2008 Yamaha YZ250F down 21% $1,880 $2,785 Year Make Model OFF-ROAD BIKES UNDER 400CC