fbpx

MIC Forecasts Modest New Unit Sales Decline in 2012

The Motorcycle Industry Council forecasts modest declines in new motorcycle sales through 2012. That estimate comes from the MIC's new Business Advisory & Forecast, marking the first time that the industry association has projected future sales.

The Motorcycle Industry Council forecasts modest declines in new motorcycle sales through 2012. That estimate comes from the MIC’s new Business Advisory & Forecast, marking the first time that the industry association has projected future sales.

This MIC forecast, compiled in conjunction with the Institute for Trend Research, follows an initial estimate for 2011 sales showing some growth last year.

Collectively, the dozen leading brands included in the MIC’s Retail Sales Report were up 0.3 percent in 2011, compared to the year before. Fuel-efficient models did especially well. Among these brands, scooter sales rose 11.8 percent and dual-purpose bike sales were up 14.2 percent. The MIC will announce first-quarter 2012 sales for these particular brands, which represent most of the market, on April 20.

"While our market stayed essentially flat last year, unemployment numbers and stagnant incomes are making consumers more cautious about large purchases," said MIC President Tim Buche. "Even with low interest rates making this a great time to buy for many people, overall economic uncertainty is leading us to predict we’ll have fewer sales in 2012."

However, Buche said, the MIC forecast assumes the same amount of sales and marketing efforts on the part of manufacturers and distributors. They can influence and increase sales through production increases, through price changes, and things such as special promotions and captive financing programs.

The MIC Business Advisory & Forecast also projects that ATV sales will decline this year. But this trend is being offset by a market shift to recreational off-highway vehicles (ROVs) that eclipsed 220,000 new unit sales in 2010, by some industry estimates. The MIC does not currently track ROV sales.

While new bike sales remained virtually flat last year, there was positive news within other aspects of the industry. Spending on maintenance and repairs has been rising since April 2010, according to the business advisory, suggesting that the market for consumers taking care of bikes they’ve long owned, or improving used bikes they’ve recently purchased, could continue to improve.

Recent tire sales also reflect this trend, as well as data confirming that owners are putting more miles on their motorcycles. The MIC’s Motorcycle Tire Sales Report shows that replacement tire purchases, among eight leading brands, rose 9.6 percent in 2011. Even off-highway tire sales increased by 11.7 percent last year, during the same time that sales of new off-highway motorcycles declined by more than 13 percent.

"We’re seeing strong indications that riders are continuing to maintain their current motorcycles or upgrading ones they bought used, and we’ve recorded an increasing number of miles being ridden on American roads over the past decade," Buche said. "The interest in motorcycling is healthier than ever. That’s good news for our industry over the long term and this bodes well for retailers."

You May Also Like

Turn 14 Distribution Adds Gaerne to the Line Card

Gaerne is an Italian motorcycle footwear brand.

Turn 14 Distribution, Gaerne boots

Turn 14 Distribution has announced the addition of Gaerne, a motorcycle footwear company, to its extensive line card.

“We are thrilled to welcome Gaerne to our product lineup. The company’s reputation for producing top-tier motorcycle footwear aligns with our mission to provide our customers with the best products the industry has to offer. Gaerne’s dedication to innovation, quality and performance makes them a perfect fit for our portfolio,” said James Kramer, divisional purchasing manager, Turn 14 Distribution.

Royal Enfield Introduces Global Rentals and Tours

The rental program extends to 60-plus destinations.

Segway Powersports and Octane Shift Gears With Strategic Financing Partnership

Effective, April 1, 2024, prime and non-prime consumers are eligible for financing on Segway’s entire range.

Octane, Segway Powersports
2024 Harley-Davidson Homecoming Festival Kicks Off in 100 Days

Tickets are on sale for Veterans Park headliners Red Hot Chili Peppers, Jelly Roll and HARDY.

Nitro Circus, Harley-Davidson Homecoming

Other Posts

MIC Statistical Annual Now Available

Get ahead of the motorcycle sales season.

Motorcycle Industry Council
REV’IT! TAILORTECH Design Challenge Offers U.S. Riders Chance to Win Custom Race Suit

Submissions will be accepted through April 21, 2024.

racing suit
Vespa World Days 2024 Set to Run April 18-21

The National Vespa Clubs from 55 countries come together, uniting thousands of Vespas from five continents.

Vespa World Days 2024
Mips Becomes Official Safety Partner of the FIM Motocross World Championship

This exclusive collaboration promotes enhanced safety awareness across the MXGP series.

MXGP/Mips partnership