When to buy a motorcycle: The best time to buy
Reuters – 9 Nov 2018 14:30:53Buyers will find it easier to decide which brand to buy when looking at their budget.
In a report on Monday, the Consumer Finance Research Center said that a motorcycle can be a good investment if it offers value for money and can be used in emergencies.
The research firm says a budget of $1,000 or less should be able to afford a good-looking bike.
“A good motorcycle is one with great value for the money and it should offer a wide range of features for the rider,” said Dr. Mark Crampton, president and chief research officer of Cramton & Loeffler, the research firm that produced the report.
Dr. Cramptons report said that the average cost for a new motorcycle can range from $5,000 to $10,000.
It adds that motorcycles are becoming more common as more Americans live in urban areas.
If you can afford a budget, you should buy a quality motorcycle, he said.
A study by the consulting firm Gartner found that the majority of consumers have never owned a motorcycle and would rather own a car or a pickup truck.
Gartner, however, found that there is a growing demand for luxury motorcycles.
As a result, there is increasing interest in luxury motorcycle sales in the U.S.
The number of luxury motorcycles sold in the last 12 months increased by 14 percent from the same period in 2017, the firm reported.
Among the more popular brands that are popular with consumers is Ducati, which was the top-selling motorcycle brand in 2017 with 3.3 million units sold, according to the company’s website.
Bike Brands also has a huge market share.
Fiat Chrysler Automobiles was No. 2 with 2.3 percent, followed by Harley Davidson, with 1.4 percent, Suzuki Motor Corporation with 1 percent and Kawasaki Motor Corporation and Kawata Motor Corporation, each with 0.9 percent.
BMW and Ford Motor Company also have large market share with over 5 million and 1.9 million vehicles sold respectively.
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