Black Book: Powersports Values Decline Across the Board
This month’s downturn comes amidst otherwise positive news of late, as several powersports lenders have reported early loan payoffs and higher originations in the trade publications, usually signaling a strong market.
Increasing Recreational Facilities, Participants Lead to Increase in Global Off-Road Vehicles Sales
Growing off-road activities and increasing preference for off-road motorcycling and dirt bike events are amongst the major aspects subsidizing to the regional growth.
Powersports Market Heats Up Across The Board
According to Black Book, the powersports market is seeing increases heading into the spring months. The one really big increase this month is the off-road segment, up nearly 4%. The off-road segments as a whole (off-road, ATV and utility vehicles) have been under-performers of late, and the dirt bikes are the last of these units
Market Survey Analysis Shows Improvement in UTV Sector
Despite the uncertainties that continue to loom over the industry as a whole — namely, tariffs in 2019 and rising interest rates, among other macroeconomic concerns — dealer sentiment remained positive.
Youth ATV, UTV Market Expected to Hit $380M by 2024
Increased participation in events for off-road riding, including racing, has influenced and diversified the range of models offered in the segment, also allowing for a varied price range to support business growth.
Electric Motorcycles: The Search for New Markets
While the western motorcycle industry as a whole is stagnant, electric motorcycle sales are growing.
Motorcycle Registrations in EU up by 8.2%
The latest quarterly EU new registrations data released by the ACEM put EU new motorcycle registrations at 830,694 units for the first nine months of the year, a +8.2 percent increase.
Polaris Reports 2nd Quarter Results of 2018
“With solid retail growth and market share gains in both our off-road and Indian Motorcycles, we are reaping the benefits of our safety and quality investments, new product innovations and improved delivery performance.”
Harley-Davidson Announces Second Quarter Results
“With the focus of every employee and dealer, we are making progress building the next generation of Harley-Davidson riders in line with our long-term objectives.”
Powersports Market Projected to Grow, Forecast to 2023
The Global Powersports market sales value was $11,334 million in 2017, and it is projected to reach $13,596 million in 2023.
Pied Piper: How UTV Dealers Turn Shoppers into Buyers
Pied Piper’s President and CEO, Fran O’Hagan demystifies the “mystery shopper” to help dealerships identify customer satisfaction in the UTV market.
Side-By-Side Sales Expected to Climb
While predictions for the forthcoming riding season are not as upbeat for motorcycle dealers as many were hoping at this point in the year, there is one positive segment, however, and that has been SxS/UTVs.
