Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

PTW industry holding on during the downturn



Numbers in from the Motorcycle Industry Association (MCIA) show that motorbike sales in the UK throughout 2008 remained healthy despite the economic downturn, as a wider range of people turned to bikes as an effective solution to rising transport costs.

A total of 139,715 motorbikes were registered in 2008, which is merely 4,866 or 3.4% less compared to 2007. The car market plunged by 11.3% in 2008.

The MCI's Sheila Rainger said: "With a robust performance very close to 2007, the motorcycle market and industry is providing further evidence that powered two-wheelers offer a credible and very affordable transport option. We will all continue to face financial pressures in 2009, and with rail fares increasing by as much as 11% and incentives such as bikes being able to use bus lanes, motorcycle use is more relevant and practical than ever."

"There was a big increase in motorcycle tests in 2008, and dealers selling new and used bikes to people taking to two wheels for the first time. The industry is well-placed to offer people a cost and congestion-busting alternative for everyday transport and this year, we will be campaigning hard to urge people to join in, as well as working to increase safety and transport provisions for motorcyclists."


Last year's top-selling model was the Honda CBR 1000RR (pictured above).
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MotoGP 09: Kawasaki set to pull out


John Hopkins

Over the New Year it was revealed that Kawasaki were to pull out of the 2009 MotoGP season, leaving riders John 'Hopper' Hopkins and Marco Melandri without a team, and only four factory teams remaining on the track.

As of Tuesday afternoon, Kawasaki are yet to make a formal announcement, but the BBC reports that the economic climate and poor returns on the circuit are likely to be the main factors of the pull-out. Since joining the MotoGP tour in 2003, the team has failed to win a race.

Despite speculation linking Melandri with an immediate switch to the Gresini team, the plans of both riders are very much unknown. It has also been rumoured that the Aspar team are looking to keep the Kawasaki MotoGP profile alive for the forthcoming season.

Kawasaki are the latest in a line of Japanese manufacturers to pull out of motorsport in recent months; Honda announced that they were leaving Formula 1 back in December, while Suzuki and Subaru have withdrawn from this year's World Rallying championship.
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Buy a Harley, get a stake in the company for free!



A Harley-Davidson dealership in Milwaukee, US of A is offering shares in the iconic bike manufacturer with any purchase of a 2008 or 2009 model HD.

The stock offer is the latest move from the bike industry to spark publicity amidst the tough global economic conditions which have hit sales, production and ultimately jobs.

Harley-Davidson has been listed on the NYSE since 1987, and by the close of trading on Friday the share price was USD$16.31. Considering that the share price was USD$48.14 in December 2007, it is clear that Harley have suffered in the downturn, but many analysts feel that the share price is undervalued, making this offer in Milwaukee pretty enticing...
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Honda's future UK plans in doubt following F1 pull-out



Last week's announcement that Honda have pulled out of Formula 1 racing has led to speculation about the Japanese giant's future plans, both in terms of sporting involvement and vehicle production.

Despite figures from the Motorcycle Industry Association (MCIA) showing that bike sales have steadily increased since August, the economic downturn has put jobs at risk across the motoring industry.

Honda recently revealed that workers at their Swindon production plant have had their hours reduced in an effort to avoid redundancies, while staff at the Brackley, Northamptonshire plant (closely linked with the F1 team) have been hit harder, as they have been told to expect some lay-offs towards Christmas.

Neil Tuxworth, head of Honda Racing, told the BBC on Friday that Honda will continue to be involved in the 2009 British Superbike season, with Glen Richards and Josh Brookes lined up to race for the team.
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