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A brief history of the Kawasaki's 500 cc Vulcans.
In 1990 the first Vulcan 500 (EN500A) evolved from the Kawasaki 454 LTD. The 454 LTD also gave rise to the Ninja 500 (EX500). In 1996 the current Vulcan 500 LTD (EN500C) was introduced. During this year both models were available. The camshafts and pistons were changed for more lower end torque. Think "more cruiser like characteristics." Also Kawasaki opted to replace the belt drive for a less expensive chain drive.
Is 2009 the end of the EN500C? There was no 2010 model although there is still plenty of 2009 models in the warehouses. Current speculation is that they had too much inventory and are skipping the '10 model and will release an updated model for 2011. Also Kawasaki may introduce a Vulcan 650 based off the ninja 650 as the new 650 engine is physically smaller than the old 500 cc engine. Either way it will be interesting to see what 2011 brings as there is no "current" Vulcan model less than 900 cc.