R1200RS + R1250RS Forum
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Sat Sep 09, 2023 7:16 pm
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I've read, earlier this summer, that major manufacturers (i.e., Ducati, BMW) reported strong sales of motorcycles. That's the manufacturers. I check inventory at a couple of dealers here, periodically, and what I'm seeing is bikes remaining on the sales floors. Recent analyses of the economy reveal that consumers' "excess savings" are now depleted and that "61% of Americans are living paycheck-to-paycheck". Housing prices at record highs, mortgage rates over 7% and oil prices hitting new highs. These are headwinds for the economy, not tailwinds, so something doesn't quite add up. |
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I can only speak for myself......
D.I.L.L.I.G.A.F
Refreshingly un P C in a fucked up woke world. 2016 Lupin R1200RS The Gentlemans Express. (The original and bestest) |
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Zitat von Ali-bear im Beitrag #3 True. I inquired of two dealers, out of curiosity, if they were taking bikes on consignment (they were doing so early in the year). The response was the same for both: "We can't take any bikes, because the ones we have aren't selling." |
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Zitat von BEARR im Beitrag #4Zitat von Ali-bear im Beitrag #3 We have PCP finance in the UK. A form of hire purchase treated by buyers as a lease. Most buyers sign up to a 3 year PCP and they are guaranteed a trade in value (or can pay this to own the vehicle). The GFV pays off the finance. Few people pay the GFV to own the 3 year old bike, just refinance for a new one. The used market is awash with 3 year old bikes taken back in by the finance company. It's a ponzi scheme that inflates new sales and the bubble has to burst at some point. It's lasted longer as people accrued savings during covid, so changed the car/bike as they could not go to Las Vegas. As Bearr says, these savings have been used up by inflation so we will soon so the downturn in sales. The other variable is the phasing out of petrol vehicles, so this might aid sales in the short term as people buy a new petrol bike to last them a decade after sales of new petrol bikes ceases. Certainly on my mind as mentioned in the F900 thread.
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Are these the same dealerships that told you BMW was going to cut production 40% in 2024?
Old Forum Orphan
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Zitat von Mr. 36654 im Beitrag #6 I think the dealer told me it was 2023, but if you have the post, let me know. He was referring to certain models, I think, and due to "supply chain" issues, as opposed to economy in general. If that's wrong, it won't be the first time my memory failed to serve. Good point on oil versus 2010-21014...however, it is spiking now (up better than 50% since January 2021/WTI oil) and the main producers are cutting production (https://finance.yahoo.com/news/oil-price...-080000815.html). West Texas Intermediate crude at $87 and rising is going to have an impact on inflation. Add to that a depleted Strategic Petroleum Reserve and you have a true economic headwind with the Saudi/Russia production cuts. My dealer won't budge on MSRP, but I expect that'll change as the economic environment becomes less "friendly". Maybe I'm just a lousy negotiator...lol! https://www.motorcyclenews.com/news/motorbike-sales-figures/ |
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I sold my daily driver car in 2021 and have been looking, off and on, for a replacement ever since. My wife and I work from home so can share hers, and our daughter has my wife's 2008 Toyota, so that's available if needed.
2020 R1250RS
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Zitat von Paul911 im Beitrag #8 I drove by the dealership where we bought the wife's Prius in 2010. She kinda likes the looks of new model. Anyhow, only one Prius, two or three Corollas and a similar number of Camrys and Tacomas. But, probably, 12 Tundras, at least. There was no indication of cars/trucks sitting on the lot. Old Forum Orphan |
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Same around here. Cars and trucks are selling. If I ride up-canyon on the weekend, the number of trucks towing boats, RV's and pickups with jet skis is unreal. Air travel is bonkers, too. Not seeing the same with motorcycles, though. |
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