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Topic: Covid has been good to motorcycle business  (Read 1834 times)

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rajflyboy
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« on: July 03, 2020, 07:32:50 am »

https://www.roadracingworld.com/news/u-s-motorcycle-sales-boom-despite-pandemic/
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« Reply #1 on: July 03, 2020, 09:22:18 am »

Sounds good but how does that square with many, many leftover new bikes in showrooms? I can buy new bikes for 1/3 off from list. I don't want to list them all but I keep track of the bikes I would have an interest in and there are several models for up to four years past current year.

I think that means Covid has been good to the buying business!
          
« Last Edit: July 04, 2020, 03:54:10 pm by Blue is Best » Logged

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« Reply #2 on: July 03, 2020, 06:12:09 pm »


Sounds good but how does that square with many, many leftover new bikes in showrooms? I can buy new bikes for 1/3 off from list. I don't want to list them all but I keep track of the bikes I would have an interest in and there are several models for up to four years past current year.

I think that means Covid has been good to the buying business!
          


I wonder the same.  Doesn’t feel like more motorcycles are being sold here.   Shops have actually been closing down.
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« Reply #3 on: July 04, 2020, 02:02:14 pm »

Up until recently, most dealers here have been closed or running a parts pickup business. I am pretty sure none of them sold much.

I work for a very large mining equipment manufacturer and we have seen a flight to preserve capital with most companies either cancelling or postponing large purchases world wide. The gold miners are about the only folks that seem happy in my industry.

Personally, I don't see a quick recovery happening at all with the world economy. All it takes to see a recession in the U.S. is consumer spending to drop 3%. Last statistic that Forbes published is that Covid-19 has caused job losses for 25% of Americans or about 40 million American's. They also caution that this official number is probably on the low side. https://www.forbes.com/sites/jackkelly/2020/05/21/40-million-americans-are-now-unemployed-we-desperately-need-a-plan-before-its-too-late/#755e179922fb

Now consider all the job losses world wide, and talk of cutting off of unemployment benefits (at least in the U.S.), it does not take Warren Buffet to predict that the next few years will be very lean. Leaner still if there is indeed a second wave. Right now Covid-19 in the U.S. is far from being over. Once the stimulus checks stop coming, I will not be surprised to see things get much worse.

I can tell you however that used motorcycle listings have gone up here substantially. In bad times the toys are the 1st to get sold off. If you want a used Harley, now is the time to buy.
 



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« Reply #4 on: July 04, 2020, 03:57:48 pm »


Up until recently, most dealers here have been closed or running a parts pickup business. I am pretty sure none of them sold much.

I work for a very large mining equipment manufacturer and we have seen a flight to preserve capital with most companies either cancelling or postponing large purchases world wide. The gold miners are about the only folks that seem happy in my industry.

Personally, I don't see a quick recovery happening at all with the world economy. All it takes to see a recession in the U.S. is consumer spending to drop 3%. Last statistic that Forbes published is that Covid-19 has caused job losses for 25% of Americans or about 40 million American's. They also caution that this official number is probably on the low side. https://www.forbes.com/sites/jackkelly/2020/05/21/40-million-americans-are-now-unemployed-we-desperately-need-a-plan-before-its-too-late/#755e179922fb

Now consider all the job losses world wide, and talk of cutting off of unemployment benefits (at least in the U.S.), it does not take Warren Buffet to predict that the next few years will be very lean. Leaner still if there is indeed a second wave. Right now Covid-19 in the U.S. is far from being over. Once the stimulus checks stop coming, I will not be surprised to see things get much worse.

I can tell you however that used motorcycle listings have gone up here substantially. In bad times the toys are the 1st to get sold off. If you want a used Harley, now is the time to buy.
 






I agree. I've read that if Coronavirus went away 100% here it would take up to a year or more for the economy to get back to where it was. As for selling a bike or car it is a buyers market for sure.
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« Reply #5 on: July 04, 2020, 05:40:03 pm »

Wanna buy a blue Triumph?
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« Reply #6 on: July 06, 2020, 12:40:35 pm »

Lot of people out there whose net went up during this time (essential workers, more income via stimulus/unemployment and less expenditures from staying home and even insurance rebates...). How many of these people offset those that lost job income without replacing it, I don't know? But a lot of the ones I am seeing have cash to spend right now.

My company, in the material handling industry, has lost a lot of orders initially but most have come back strong. Aerospace is staying down, but manufacturing applications are stable with transportation and warehousing/distribution actually way up. Sales and shipments looking at record territory. Color me bullish.
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« Reply #7 on: July 08, 2020, 04:57:08 pm »

I saw an article today that said BMW sold a record number of bikes this June. Now, I can't find the article.  Rolleyes
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« Reply #8 on: July 08, 2020, 06:14:28 pm »


I saw an article today that said BMW sold a record number of bikes this June. Now, I can't find the article.  Rolleyes


Could be but I don't see how? In a great economy they sold X number of bikes. This is not a great economy at this point. The BMW crowd are not beginner riders or lower income folks, generally. That may play into it some how. So how did BMW sell more in a particular month that at any other time now??
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« Reply #9 on: July 08, 2020, 06:15:01 pm »


Wanna buy a blue Triumph?



At least you have the right color!
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« Reply #10 on: August 17, 2020, 10:04:08 am »

Once the COVID-19 pandemic is brought under control, Counterpoint expects the two-wheeler segment of the country to continue to expand even faster than passenger vehicles, a cost-effective personal mobility option and common among commuters. https://askmeoffers.com/
Counterpoint assumes that while July sales growing represent the beginning of a turnaround route, business still needs to demonstrate a sustained demand pattern, at least in the medium term. While OEMs strive to overcome supply chain problems and struggle to replenish inventories, they would still need to acquire contingency supplies of content to defend themselves from any potential shortages related to re-introduction or expansion of lockdowns.
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« Reply #11 on: August 25, 2020, 06:02:40 pm »

I went to the local powersports dealer yesterday for a part for the Kawasaki. They said that they were extremely slow for the first couple months of covid, it was a ghost town in there was the tem used. But, the last four months it just took off and its been the best 4 month period that they've had in 3 years as far as new bike sales.
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« Reply #12 on: August 25, 2020, 07:56:07 pm »

I would think dirt bikes, side by sides and dual spirts would be big right now
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« Reply #13 on: August 25, 2020, 08:49:54 pm »

Yes, He said mostly dual sports, dirt bikes & jet ski's were about 70% of what they've sold.
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