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Report: Motorcycle sales rev up
Industry sales reportedly up nearly 5% in '04 as cheaper models, more sales to women spur growth.
January 20, 2005: 11:26 AM EST
NEW YORK (CNN/Money) - Motorcycle sales jumped to their highest level in 25 years in 2004, according to a published report.
USA Today, citing the Motorcycle Industry Council, reported that an increase in female riders and the rise in popularity of motor scooters and other small two-wheelers pushed sales up nearly 5 percent for the year.
The sales total topped 1 million for the second straight year, according to the paper. But sales could slow if prices rise due to increased costs for steel and other raw materials, as well as a weaker dollar, which could raise the price of imported motorcycles that account for a majority of U.S. sales.
Industry sales reportedly up nearly 5% in '04 as cheaper models, more sales to women spur growth.
January 20, 2005: 11:26 AM EST
NEW YORK (CNN/Money) - Motorcycle sales jumped to their highest level in 25 years in 2004, according to a published report.
USA Today, citing the Motorcycle Industry Council, reported that an increase in female riders and the rise in popularity of motor scooters and other small two-wheelers pushed sales up nearly 5 percent for the year.
The sales total topped 1 million for the second straight year, according to the paper. But sales could slow if prices rise due to increased costs for steel and other raw materials, as well as a weaker dollar, which could raise the price of imported motorcycles that account for a majority of U.S. sales.
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