Motorcycle Industry Analysis

The Motorcycle Industry Definition Motorcycles fall into the category called Recreational Vehicle, Motorcycle and boat Retail Industry. These are companies that retail recreational vehicles, boats, repelcycles, jet skis, and/or related accessories. In Hoovers classification, based on the North American Industry Classifications System (NAICS) and the older U.S. meter Industrial Classification (SIC) system, motorcycles fall under a small subcategory called Motorcycle, ATV, and Personal Watercraft Dealers Industry. This U.S. industry comprises establishments primarily engaged in retailing new and/or used motorcycles, motor scooters, motorbikes, mopeds, off-road all-terrain vehicles, and personal vessel, or retailing these new vehicles in combination with refuge services and selling replacement parts or accessories. Statistics In terms of looking at the whole industry, motorcycle dealers even out up a majority of the industry when compared with ATVs and personal watercraft dealers. The chart below shows statistics from 2002 comparing the motorcycle dealers with all roughly other motor vehicle dealers in the industry. As the charts illustrates, motorcycle dealers do up 91.5% of sales in this industry, while ATVs and personal watercraft dealers yet contributed to 8.5% of sales.

Year 2002 Motorcycle DealersAll other motor vehicle dealers (ATV & personal watercraft dealers) Total Establishments4,3845144,898 Sales ($1,000)14,636,299 (91.5%)1,353,829 (8.5%)15,990,128 (100%) Annual payroll1,429,316106,6811,535,997 Paid Employees46,0374,18850,225 www.industries.hoovers.com Analyzing data for motorcycle dealers between the years of 1997 and 2002 reveals some important information. The results show the growth and percent changes in authorized categories pertaining specifically to the motorcycle dealer industry. While the number of establishments only change magnitude approximately 21 percent, the amount of sales increased almost 99... If you want to get a full essay, evidence it on our website: Orderessay

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