Part of a new series for our A&R Pro readers, we will be providing regular digests of motorcycle news, topics, and issues from key regions around the world, in an effort to make sure our readers have a firm grasp on the pulse of the entire industry.
Our first edition looks to our friends to the north, where our colleague Zak Kurylyk tell us how the Canadian motorcycle industry is handling the coronavirus outbreak. Look for more installments, from other regions, in the weeks to come. -JB
The ongoing COVID-19 pandemic is hurting the bike industry as a whole, but for the Canadian motorcycle scene, it is potentially disastrous. Think 2008 financial crisis, but on steroids. If the 2008 recession was King Gong, then COVID-19 is going to be Godzilla.
The timing couldn’t be worse, due to the seasonal structure of the riding season in Canada, and due to the massive drop in oil prices. As a result, most of the problems faced by the American industry are intensified in Canada.
Very few Canadian motorcyclists are actually riding this time of year, but March-April is when deals get done, and money changes hands, Without this, all the major players are going to take a big hit. Retailers, rally organizers, race teams - everybody's looking at having 2020 essentially wiped out.
As a result, most of the problems faced by the American industry are intensified in Canada. With all the questions surrounding the economy, it's likely some major players are never coming back.