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December 31, 2008
Filed Under (Lead Story) by John Davis
May you live in interesting times. As we greet the new year we can expect to continue to feel the effects of the recently-officially-designated economic recession and credit crisis. Motorcycling, largely driven by discretionary spending, is being hit hard. Major manufacturers are looking to cut costs and/or boost sales to keep the cash flowing in 2009. A number of companies are already scaling back and offering incentives to buyers. A few examples:
Major motorcycle events are not immune from cost-cutting:
Given this climate one wonders what will become of other major events in 2009 like Daytona and Sturgis. And what of smaller companies and custom builders? Surely they will feel the pinch as credit remains tight. Perhaps some will be unable to continue operations.
Comments:
1 Comment posted on "Sputtering Into 2009"
Jeff Henshaw on December 31st, 2008 at 9:27 pm #
It's a really tough time for every industry. Post a comment
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