After massive restructurings in the auto industry, things seem to be looking up. After ten consecutive money losing quarters, GM said that they have made an unexpected profit of $865 million in the first quarter. Even Toyota, still recovering from their biggest recall ever for unintended acceleration, said Tuesday that the January-March profit totaled $1.2 billion compared to a loss the year before. But when it comes to motorcycles and scooters, things are still looking grim.
Even though motorcycles and scooters are more economical to operate, their sales are down 4.6% in the first quarter compared to last year. Hard hit by a down economy that has tightened credit and by stable gasoline prices, motorcycle dealers are scrambling to find customers any way they can. With so few buyers in the market for new bikes dealers are focusing on parts, accessories and pre-owned motorcycles to survive. Many dealerships have also cut hours and staff.