This recession could be a surprisingly good one for bike and motorbike producers—with the doubtless exception of Harley-Davidson.
There may be early proof from China and European international locations which have introduced the pandemic below management that buyers are shopping for bikes. In Might, two-wheeler gross sales in Germany, Austria and the Netherlands have been forward of the identical month’s tally final yr, although on the European degree, they have been nonetheless down 10% attributable to lingering issues within the United Kingdom. and Spain. Market-intelligence supplier MotorCycles Information expects the restoration to assemble tempo in June, with forecast gross sales in Italy up 20% on the yr.
The reason being a shift from public to personal transport as folks attempt to keep away from the coronavirus.
“It isn’t simply bikes and scooters but additionally e-bikes and electric skateboards and bicycles. They’re all nice for folks attempting to keep away from one another,” says MotorCycles Information Chief Government Carlo Simongini.