In the ever-grueling economic climate that motorsports companies face it can be tough to achieve goals. It can be equally challenging to even stay in business. Along those lines, Karl Performance, who has been a major player in the racing market over the past five years, has announced their decision to permanently cease operations at the end of 2018.
“It is with the upmost regret and heartfelt sadness that I am informing you today that we will be closing Karl Performance permanently on December 31, 2018,” company owner Carl Moyer revealed in a recent statement.
He went on to say, “Karl Performance has been the leader in all things performance related, from the track to the street and everything in between since our inception in 2013. We have boasted some of the best circle track racers in the country, and turned out some of the best custom builds ever to hit the asphalt over the past number of years. We are proud for all that we have accomplished and all of the great people that we have employed along the way. Unfortunately, due to changing economic times in our business and circumstances out of our control the company today is not positioned for the future of the racing and custom car community.”
Since its founding in 2013 Karl Performance has boasted hundreds of thousands of performance parts on hand at their Des Moines, Iowa warehouse. In addition, the company has offered a wide array of services at their state-of-the-art machine shop that also included dyno services.
Multiple drivers also enjoyed considerable success with Karl Performance’s signature Billy Moyer Victory Race Cars, which offered both Dirt Modified and Dirt Late Model chassis under the direction of Dirt Late Model Hall of Famer, Billy Moyer.
There spectrum wasn’t limited to just dirt racing as they also did work with pavement racing, drag racing, and more.
In his heartfelt statement, Moyer concluded by noting that the company will work diligently to complete all projects and commitments to their customers. He also issued the following heartfelt thanks to everyone who has supported Karl Performance.
“I wanted to personally thank each and every one of our customers over the years for your patronage, but most importantly I want to thank all of our employees! You have embodied my passion and love for all things hot rod and racing related, and I couldn’t have run this place without you.”