Polaris Industries is voluntary recalling nearly 55,000 vehicles. The recall includes certain model-year 2015 Ranger 900s due to faulty fasteners on a heat shield, which could cause the shield to fall of the vehicle, and certain model-year 2017 Sportsman ATVs due to a potentially faulty electronic power steering unit.
No injuries have been reported from any of the recalled units. Both recalls were prompted by data from the company’s enhanced post-sales surveillance capabilities, which gives Polaris the ability to rapidly identify product quality or safety issues in fielded vehicles.
The model-year 2015 Ranger recall covers 51,000 units and the model year 2017 Sportsman ATV recall covers 3,800 units (about 2,300 of which are in dealer inventory).
The repair costs for these recall repairs are not material and were contemplated in the company’s full-year 2017 earnings guidance issued in January. There have been fewer than 30 reported incidents involving the recalled vehicles. Parts are in stock and dealers are prepared to execute repairs, and Polaris expects downtime for owners to be minimal.