It’s an ill wind that blows no goodâ€¦ or something, as they say. There are early indications this week that harsher economic times are boosting bike sales.
Car sales have slumped by 23 per cent, but trade body the Motor Cycle Industry Association (MCI) reports that registrations of powered two wheelers’ were up four per cent last month on the same month last year. 11,408 mopeds, scooters and motorcycles were registered in October, compared with 10,972 last time round. Bike Industry News quotes MCI acting chief executive Steve Kenward: “The motorcycle industry is not immune to the economic downturn, but the resilience of the market this year reinforces the fact that PTWs are more relevant than ever. As people look for ways to reduce the costs and hassles of travel, they are realising that motorcycles are an efficient, low cost option, and enable you to arrive with a smile on your face.”