Also in 1949, started selling push and riding mowers. During the 1930s, Huffman participated in the revival of the American cycling industry, during which Horace Huffman commented on a “change of attitude”. Although Huffman dabbled in the high-end of the market, they never overcame their entry-level reputation. Drive belt for newer year model versions of the Buzz® electric scooters. Drive belt for older year model versions of the Buzz® electric scooters. In 1964 Huffman expanded its Outdoor Power Equipment division with the acquisition of Diele & McGuire Manufacturing.
Until then, half of Huffman’s bicycles were sold under private labels. By the end of the 1970s, however, the company decided to devote more energy to promoting its own brand name. Part of this effort included the decision, in 1977, to change the company name to Huffy Corporation. During this period, Huffy’s management also opted not to enter the moped manufacturing field because of doubts about the motorized bike’s potential in the United States. Instead, $5 million was spent to expand existing production facilities. Although Huffman was still the leading producer of gasoline cans, oil can spouts, oil filters, and jack stands, the Automotive Equipment Division was only accounting for ten percent of the company’s sales.
In 1980 Huffy posted its fifth straight year of record earnings and announced plans to open a third plant in Ponca City, Oklahoma. However, despite its strong financial position, Huffy was not immune to the problems that most U.S. businesses experienced in the 1980s. In 1982 Harry A. Shaw III was named CEO and immediately embarked on the unpopular road to plant closings and layoffs. Shaw spearheaded the consolidation of all bike manufacturing operations into the Celina plant and sold the Automotive Products Division for cash. Huffy then invested more than $15 million in advanced robotics and new production equipment.
Huffman purchased YLCE and converted that Southern California company to a national service company, assembling bicycles and other products for mass merchants such as KMart, Target, Sears, and Walmart. Other divisions were purchased and added to the Huffman stable of companies, including Gerry Baby Products , Washington Inventory Service , Raleigh Bicycle USA , and True Temper Garden Products . Pair of two Magura® brand handlebar grips with waffle grip texture for Buzz® electric scooter.
At the time of Huffy’s entry into the market segment, BMX models represented the only segment in the bike industry recording sales growth. By the end of 1997, the company’s financial results revealed the influence of the changes implemented during the previous two years. After posting a $10.5 million loss in 1995, Huffy recorded $10.4 million in net income in 1997.
bikes also feature two-toned dual-density grips and cruiser pedals to add to your comfort when on the bike. The design of the frame fits your natural bike-riding position to keep you relaxed and having fun when cycling. While the overall market for bicycles has been flat for a decade–about 16 million sold a year–sales of more expensive mountain bikes with four-figure price tags have been robust.
Here are additional features of the huffy mountain bike Cranbrook Cruiser bike you might like to know. The U.S. economy has been adding jobs overall, he said, though factory sector payrolls have been sliding on and off for decades. Over the first two-thirds of 1999, manufacturing payrolls dropped by an average of 28,500 a month. The No. 1 maker of bicycles in the United States, unable to compete against cheaper models made in China, has decided not to try any longer.