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Motorcycle Prices Set to Rise
Because of rising costs and an unfavorable exchange rate for the dollar, new-bike prices are likely to climb when 2005 motorcycle models are announced starting in June, and some manufacturers may be forced to raise prices before then. By Art Friedman.
Expect to pay at least a few hundred dollars more for the 2005 version of that cruiser you have been eyeing.
Prices of new motorcycles appear likely to climb for the 2005 model year, and one manufacturer, faced with steep cost increases, have recently boosted their prices on 2004 models.
Motorcycle manufacturers are seeing sharply increased costs for steel, transportation, energy, and other commodities, which they are likely to be forced to pass along on their 2005 models. In addition, the devalued dollar means that it isn't worth as much overseas, so the price to produce a motorcycle, in dollars, has climbed even before the higher costs of components are considered. The profits at home on motorcycles imported to the U.S. have reportedly eroded this year since importers have not raised prices for the American market, instead sticking with the prices announced last year. This has been cited as one of the factors in Aprilia's current financial problems, and other manufacturers' U.S. units are reportedly sending less money home.