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.
- Baby Boomers who are aging and into the massive, more expensive, larger-cc recreational bikes, are now opting out of motorcycle ownership
- 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.
Content is originally posted at https://wickedstock.com/motorcycles-sales-in-the-united-states-for-2019/
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