Industry Analysis & Industry Trends
Motorcycles are generally viewed as a cheaper and more practical alternative to car ownership. However, when the recession hit, all bets were off. Motorcycle sales plummeted due to lower incomes and dismal consumer confidence. One of the reasons for this is that motorcycles, particularly trail and supersport bikes, are used for leisure rather than commuting purposes. These leisure-oriented bikes can be quite expensive and not that fuel efficient. The crash of the pound's value did not help matters either, as it led to a rise in the price of imported motorcycles, which further affected demand. Revenue of the Motorcycle Sales and Repair industry is forecast to drop by 1.2% per annum over the five years through 2012-13 to reach £2.66 billion... purchase to read more
Industry Report - Starting a New Business Chapter
Motorcycle dealers must acquire licences from manufacturers in order to become authorised dealers and to carry popular brands such as Yamaha and Honda. These contracts may be difficult to obtain and retain for a new entrant, particularly during the first few years of operation. New entrants may also find it difficult to obtain financing to purchase motorcycles for resale. Since the global financial crisis, companies have found it more difficult to obtain credit lines, which could limit the amount of new entrants into this industry. New motorcycle dealers will also need to find a good location for their store, which could prove costly... purchase to read more