Production of Unique Three-Wheeled Motorcycle Set To Ramp Up
It's half motorcycle and half car, and is made right here in East Texas. Sales of the new Stallion are poised to skyrocket. A few years ago we introduced you to Motor Trike and their three-wheeled motorcycle.
But now, their facility near Troup is about to double in size -- their workforce, too.
"We've been blessed beyond our wildest dreams. For the past five years, we've averaged 35 percent a year growth," says Motor Trike owner Jeff Vey.
That growth could get a real kick, with the Stallion.
"It's kind of like driving an exotic car," explains Motor Trike General Manager Wayne Tompkins.
It has a steering wheel, heat, air conditioning, and cruise control. And for its size, has the power of a Corvette.
"Where you get the most excitement is when you're talking to people in the industry who really understand what we're doing," says Tompkins, adding those people wish they were in on the act.
Owner Jeff Vey went after comfort, style, and fuel economy -- as much as 55 miles-per-gallon on the highway.
"About five-and-a-half years ago, I could see where our growth pattern was going, and I didn't want to be in a position to be like a minor league ballplayer and grow and grow and grow and then someone like a New York Yankee come in and say 'let's get started,'" Vey says.
Now there's expansion. Nearly 70,000 square feet of space is under construction. The current 81 employees will perhaps double in two years. The growth is not going to be without some pressure.
"We are going to have to do some things down the road where we increase the size of the roads and power and water, because when you start to talk about this many people and finished goods, we are going to have to expand the infrastructure to handle it," Vey says.
The Tyler Economic Development Council says that all the works, since other communities have sought to steal the company away. But Vey says the plans are to stay right here, where the dream began.
"We've got something really special here," he says.
The Stallion is being produced by the Thoroughbred Motorsports division of Motor Trike, and will list at just shy of $30,000.
Production's expected to be from 5,000 to 7,000 units in 2007.
Reported by Morgan Palmer.
Click on the link at the top of this story to visit the website featuring the Stallion.