Uploaded on Nov 7, 2019
A stat that will cause some concern for motorcyclists, the number of running motorcycles has dipped a bit to 93% for 2018.
Motorcycles Sales in the United States For 2019
WICKED STOCK
Motorcycles Sales in the United States For
2019
How many motorcycles are owned
in the U.S.?
In a 2018 survey, the Motorcycle Industry Council
(MIC) revealed 13,158,100 households own bikes.
Up 1,453,600 from the 2009 survey. In 2018, 8.02%
of U.S. Households owned motorcycles for a total of
10,124,400. Up 1.08% from 6.94% in 2014 when
8,624,400 US households owned motorcycles. As
Tim Buche, President and CEO of MIC said:
A stat that will cause some concern for motorcyclists, the
number of running motorcycles has dipped a bit to 93% for
2018.
In 2014 this number was at 96% for bikes that were running.
The decline is to blame on the large number of used bikes
that sit in storage or garages. You want to add a motorcycle to
your household to read our blog
on the three best off-road bikes.
You are still riding and show your loyalty by wearing
Men Leather Motorcycle Pants every time you ride.
Aging Baby Boomers
About eight years ago, a recession sideswiped motorcycles
sales, a knockdown for the industry, but not out. After-
sales began to recover; another hit has slowed sales that is
aging baby boomers are leaving motorcycling behind.
The younger potential buyer is not filling the gap. Some
motorcycle insiders have sat down and held discussions on
what can be done to bring the industry out of the slump.
Many agree they need to make motorcycling more
affordable as the cost is still holding sales at bay.
Some manufacturers believe they can attract
young buyers by marketing bikes in the 300 cc
range at lower prices even with ABS. Having that
first ride a secure purchase for those getting into
riding will entice them to spend more on a
second bike once hooked.
As industry spokesman Matt King put it
Even if you are a baby boomer, you are still
into motorcycling and look great wearing
Leather Motorcycle Pants for Men. Don’t let
all this hype about the declining motorcycle
market get you down check out our blog
on buying exotic motorcycles.
What Are The 2019 Stats?
• The global two-wheeler market is on the decline a
4.3% for the first half of 2019, with 30.2 million
units sold. Motorcycle sales are down for the first
six months of 2019.
• Compare that to the first 1Q for 2018, and that is a
14.6% drop. Not all of the stats are in for 2019;
let's look at stats from previous years to get a
better picture of the sales decline.
• The U.S. manufacturers lean toward the larger, more
expensive recreational motorcycle 601+cc. Third world
countries, China, India, and Indonesia, sell more entry-
level less-expensive bikes that are smaller in cc-
displacement.
• The number of U.S. registered new motorcycles
declined in 2017 to 352,000 down 17,000 from 2013,
which came in at 364,000.
The U.S. import sales fell from $2.1 billion in 2013 to $1.8 billion
in 2017, a 14% loss in revenue.
• The motorcycle market is not your worry as you have your
ride and wear Men Textile Motorcycle Pants when you ride.
• To Sum It Up
• Two factors are partially to blame for the U.S. declining
motorcycle market.
1. Baby Boomers who are aging and into the massive, more
expensive, larger-cc recreational bikes, are now opting out of
motorcycle ownership
2. Millennials, a population base much smaller than Baby
Boomers, who are not large bike oriented, are buying the entry-
level smaller models of motorcycles.
• Industry insiders are considering marketing smaller, more
affordable bikes to entice the younger buyer to get into
motorcycling. Time will tell, think positive motorcycles will
recover, and sales will improve in the coming years ahead.
• Log onto Wicked Stock and find all the gear and accessories
for your motorcycle habit and check out
Motorcycle Leather Gloves for Men.
• Go to our Facebook page and like us, and don't forget to
check us out on Instagram.
• Content is originally posted at
https://wickedstock.com/motorcycles-sales-in-the-united-stat
es-for-2019
/
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