bigjohnsd
'21 R1250 GS Adv
If you feel like you're getting mixed signals about the health of the U.S. motorcycle market, you're not wrong.
https://www.revzilla.com/common-tread/motorcycle-sales-weakened-in-march#:~:text=The%20MIC%20reported%20that%20U.S.,were%20down%202.1%25%20from%202022.
https://www.sdstandardnow.com/home/last-tango-in-sturgis-not-yet-but-the-biker-culture-and-industry-are-in-a-stall-and-maybe-an-outright-decline?fbclid=IwAR2euhzIiVpn2c7EMLEG8urlmqeB_rvYMO7ya4o57nhSExf3mZ4tBdQVi8Y
The MIC reported that U.S. sales of new motorcycles and scooters in the first quarter of 2023 were down 2.1% from 2022. No big deal, right? But broken down by month, that was the result of increases of about 6% in January and February, followed by a 10.3% decrease in March, just when the selling season usually starts picking up. That matches other data and anecdotal evidence that consumers are starting to be more cautious and shift their spending to other categories as the pressures of inflation wear on. Major retailers Walmart and Target reported quarterly earnings last week and also noted that consumers cut back on spending in March, especially larger discretionary purchases, more than in the first two months of the quarter. So the trend appears to be much broader than the motorcycle industry.
https://www.revzilla.com/common-tread/motorcycle-sales-weakened-in-march#:~:text=The%20MIC%20reported%20that%20U.S.,were%20down%202.1%25%20from%202022.
"Last tango in Sturgis?"
The Motorcycle Industry Council reports that overall bike sales were down 2.1% for the quarter, which is not so bad, but, more notably, were down 10.3% during March, when the selling season usually starts picking up.
Why the dropoff? I think the answer comes as much from the sociologists as it does the market analysts, and it probably has to do with the aging demographics of the biker culture. The Mitchell Daily Republic did a piece on this last year at the conclusion of the ‘22 rally. MDR noted that the aging crowd was a factor in the “relative stagnation” of the event since it peaked in 2015, when the doors were blown off by attendance at the rally’s 75th anniversary.
A broader view from a popular industry website, Motorbiscuit, lists 10 reasons why motorcycle sales are declining, putting “Aging customers and industry” at the top of the list. The site says “the motorcycle industry has spent most of its time marketing to the boomer generation. While you can certainly still hop on a motorcycle at any age, many buyers have since moved on to other passions. Additionally, the industry deprives itself of new sales thanks to its lack of marketing for younger customers.”
No doubt public relations officers from Harley and other bike manufacturers would probably refute that observation and claim that they’re marketing like crazy to a younger generation of buyers. And no doubt they are.
https://www.sdstandardnow.com/home/last-tango-in-sturgis-not-yet-but-the-biker-culture-and-industry-are-in-a-stall-and-maybe-an-outright-decline?fbclid=IwAR2euhzIiVpn2c7EMLEG8urlmqeB_rvYMO7ya4o57nhSExf3mZ4tBdQVi8Y