Dealer optimism has improved, buoyed by clarity following the election and the momentum of the holiday shopping season.
With new inventory levels significantly above that of 2019, expect OEM promotional activity to continue to increase.
Consumers aren’t delaying purchases because of the economy, but they’re still looking for deals.
Through all 46 presidencies to date, the U.S. economy has continued to grow.
We need to offset revenue headwinds driven by high interest rates, inflated vehicle pricing and margin pressures.
The market has cooled considerably.
Market strength and consumer confidence among industry concerns for a profitable second half of the year.
But does it really have to be a battle between these two types?
In the Q2 2021 Powersports Market Insights, analysts from J.D. Power Specialty Valuation Services (formerly NADAguides) forecast the market will continue to favor sellers as long as parts shortages limit production and consumers have money to spend. This dynamic is anticipated to last through the peak season and, at least, into the fourth quarter of 2021.
Two-wheeler sales across the globe are rapidly gaining momentum, even faster than passenger vehicles. The study examines the COVID-19 impact on production, sales and OEM strategies.
NPA released their used market insights video for the week of April 13 -19, focusing on how the industry is planning on moving forward after COVID-19.
According to reports from the International Snowmobile Manufacturer’s Association, the long-lasting cold and snowy weather of the 2019 season helped boost enthusiasm and interest in snowmobiling.
