R1200RS + R1250RS Forum
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Fri Dec 01, 2023 3:27 pm
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Reading this morning that RV/boat sales, after the COVID boom, are set to tumble. Wonder if motorcycle sales will follow suit and deals might start appearing as inventory builds up. I watch our local dealers and inventory there is not moving, so there's probably something to this. Anyone have "anecdotal" evidence in your area that suggests recessionary forces are starting to develop? |
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I wouldn't be surprised. Isn't that what the U.S. Federal Reserve policy of raising borrowing rates is supposed to accomplish? Cutting inflation is taking a chance of creating a recession and resulting in products, especially expensive ones like vehicles, decline in sales. That makes things tough not only on factories, but even more so on mom-and-pop dealerships that have rising expenses due to the cost of labor, parts, rent, taxes, overhead costs and all of the other things that keep going up, while their sales and service income continues to decline.
Current motorcycle collection: 2002 Yamaha FZ1; 2020 KTM 390 Duke; 2009 BMW F650GS; 2018 Zero S 16.6 kWh
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interest rates will certainly be having an impact in the UK. An acquaintance has recently bought a Yamaha Tracer GT+ and I was looking at the impressive spec. I noticed that Yamaha is offering finance at 10.9-12.9%. Ouch. Said acquaintance is a senior pilot with British Airways so motorcycles purchases are pocket change for him, with 2 or 3 each year coming and going.
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Zitat von Richard230 im Beitrag #2 yes, we have seen a lot of consolidation of dealers. My former home county had 3 small family owned Yamaha dealers until around 2016. All gone to be replaced with a corporate one with a shiny showroom in the major population centre.
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Zitat von wessie im Beitrag #3 https://www.yamahamotorsports.com/models...ion=productPage $2000 rebate and 5.99% financing here in the US
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Zitat von Mr. 36654 im Beitrag #5Zitat von wessie im Beitrag #3 we have a promo with a £1500 credit against accessories on the GT+ I imagine you also have a price that matches our price, except with a dollar sign not pound, so 21% cheaper
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Marginal dealers around here are gone, gone...gone. All consolidated under a big corporate entity, as also noted by wessie. To me, there is no upside for the consumer in this consolidation...it's essentially monopolistic. Gone also is good service, attentive sales/service personnel and so, too, is the friendly motorcycle-shop ambience, unless you enjoy looking at new bikes, surrounded by boats, jet skis, RV's and 4-wheel ATV's, sold by hard-charging commission salesmen who see you as a minnow in an ocean of sharks. |
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Dealerships selling everything at MSRP or higher, especially on discretionary/luxury goods indicate excess demand, which means inflation. If we don't like inflation, and some have made posts hand-ringing about it, then we need to limit the amount of money in circulation, which means higher interest rates.
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Zitat von BEARR im Beitrag #9 Little sign of interest rates dropping over here so those who had disposable income are seeing this eaten up by a rise in housing costs, whether they have a mortgage or rent a property (as the landlord has to service a more expensive mortgage). Domestic energy costs dropped in October but are going up 5% next month. Whilst overall inflation has dropped to under 5% (mostly as the massive rise in road fuel costs from last year dropped out of the annual index), food costs are rising at double that as retailers are maintaining their margin by shrinkflation (your 2 dollar pack of cookies now weighs 20% less etc). With a dead duck executive clinging to the illusion of power for maybe another 13 months, 2024 is looking bleak for the next year as the UK bobs about the isolationist cesspool it created for itself, with few friends on the global stage to inject a bit of vigour.
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Don't question it...just appreciate the deals to be had. |
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I've been watching my dealer's BMW inventory. It has been the same bikes since spring...they are not selling. Two dealers I know of, who used to buy "nearly new" bikes for resale, or on consignment, will not take them now...they compete with their existing inventory, which is not moving as it used to. |
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