Establishments primarily engaged in the retail sale of new and used motorcycles, including motor scooters and mopeds, and all-terrain vehicles.
The motorcycle dealership industry, classified under NAICS 5571, has seen significant qualitative trends driven by evolving consumer preferences and technological advancements. One prominent trend is the increasing demand for electric motorcycles, fueled by rising environmental consciousness and advancements in battery technology. Dealerships are expanding their electric bike offerings to cater to this growing market segment.
Another trend is the shift towards digitalization, with dealerships investing in online sales platforms, virtual showrooms, and augmented reality experiences to enhance the customer purchasing journey. This change is particularly important as younger, tech-savvy consumers enter the market.
Customization and personalization are also on the rise, with customers seeking unique, tailor-made motorcycles. Dealerships are responding by offering a wider range of customization options and accessories, allowing buyers to personalize their rides.
Looking ahead, the near future is expected to see continued growth in electric motorcycle sales as technology improves and prices become more competitive. Additionally, the integration of advanced safety features and smart technologies, such as IoT connectivity and autonomous riding capabilities, will likely become more prevalent. Dealerships that adapt to these trends by offering innovative products and embracing digital transformation are expected to thrive.
All-terrain vehicles-retail
Bicycles, motorized-retail
Mopeds-retail
Motor scooters-retail
Motorcycle dealers-retail
Motorcycle parts-retail
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.