Posts
3660
Joined
9/20/2018
Location
Sandy, UT
US
Edited Date/Time
7/9/2020 10:34am
I know Rocky Mountain have been telling customers to plan for up to two weeks for delivery of parts and accessories. It seems like used bike market prices are up. I've heard bicycle sales are brisk to the point of shortages. My mountain bike trails have been packed with bikers, joggers, hikers. And it seems like I'm seeing more moto's on my usual motorcycle singletrack trails and at trailheads.
Beyond my anecdotal evidence(RM might just have problems with shipping), does anyone have any info on how the industry is doing, anecdotal or hard numbers? Are tracks more crowded? Is inventory low at your local shop?
Beyond my anecdotal evidence(RM might just have problems with shipping), does anyone have any info on how the industry is doing, anecdotal or hard numbers? Are tracks more crowded? Is inventory low at your local shop?
I’d say it’s a sellers market right now
The Shop
https://powersportsbusiness.com/top-stories/2020/06/30/you-wont-believe-mays-average-dealership-retail-growth/
The growth would be even more dramatic if you pulled out the Harley numbers, which are still dropping like a stone despite the industry growth.
Also, they are slammed on the service side. One dealer told me they were 2 weeks behind, another dealer is 6 weeks behind, and won’t take in any new inventory.
Take a look at Alpinestars website and look how many gear sets they are out of, I’d imagine they aren’t the only ones with limited supplies left.
I can also see the sport is booming here because the sign ups for the tracks are full after less then a day. insane. (because of covid we have to sign up beforehand because of limited amount of drivers allowed)
i'm really glad i bought my bike in the winter before covid (i'm a beginner since winter)
Everything outdoor related is booming.
Why is it booming now? The typical excuse is it's expensive and need money to get into the sport. Not much has changed there, and I would think most are worse off due to COVID.
Is it just people have time to actually go outside and enjoy activities?
So much so that June had pretty good incentives like $1500 customer cash etc. all that got slashed for July. Yamaha knows they don’t gotta incentivize anyone to buy rifgt bow.
I also noticed way more new riders at tracks.
Those we have spoken to are also very busy.
Here is our theory...
There's no baseball
There's no football
There's no basketball
Can't go to the club
Can't go to bars
What are you going to do?
Hunt
Fish
Boating
Bicycle
Motorcycle
This whole mess has been good in one way, it's getting people outside more..
What else is there to do?
Sit and watch Jerry Springer?
I race XC mtb and right now in the UK you can't get any kind of bicycle anywhere under £5k and even those are thin on the ground now. Dealers are literally scratching around for any stock they can find, and old tat is getting nearly-new money on ebay.
Hope it lasts, but it does have a bit of a last-days-of-Rome feeling about it all...
Pit Row
I went into Champions in Cocoa other day, they have a few bikes, didn't see any SxS or ski's...did see 2020's CRF250, CRF450 and KXF250
Was surprised at that
But, with LL's being different, probably messed with their pre-orders and anticipated sale of those
This is the big spend, before the big fall........
Only bright spot for his staff has been that people are tipping at a greater percentage, so his servers are doing well with half the tables.
Hotels are being crushed
Car rentals are being crushed
Pretty much anything in the tourism business (I live in the Orlando/Space Coast area) is being crushed....the tshirt/souvenir shops, just so many....
As far as Rocky Mountain's delivery delays, things we used to get in 2 days from the warehouses is taking up to 7 days now. As a result of the Covid, all the warehouses are operating on reduced and limited staffing. What used to be handled by 7-10 people is now being done by 2 people on rotating shifts. We are still being told to allow up to 48hrs for the orders to get processed through the warehouse.
I would say they are back to “normal” for the moment!
Second point, how many people have put their mortgages or other bills in forbearance and are out spending that money on things like bicycles, motorcycles, etc. I would hope that isn't the case, but I wouldn't doubt it.
Y’all better not go drain their inventory before I do!
Post a reply to: Are moto sales booming?