A suspension system for a handlebar-steered vehicle includes an upper tube, a lower tube reciprocally slidable relative to the upper tube. A positive spring assembly biases the upper and lower tubes away from each other. A piston assembly is attached to the lower tube. The suspension includes a travel adjustment mechanism including a locking mechanism and an actuator. The locking mechanism is connected to the positive spring assembly and selectively maintains a first portion of the positive spring assembly in a compressed state with the upper and lower tubes drawn toward each other. The actuator is operatively connected to the locking mechanism to releasably engage the locking mechanism to maintain the first portion of the positive spring assembly in the compressed state.