Last weekend Big Bear Choppers (BBC) hosted an industry Meeting with their dealers and invited press members for the annual SUMMIT Meeting. The objective was to demonstrate that the company has a big future of Premium American Motorcycles with their industry driving designs, solid financial status, strategic dealer/customer incentive programs and brand equity. This was the weekend to introduce the highly anticipated Fairing component for the G.T.X. bagger, and yet other variable additions such as 2-Up configured Venom and Devil’s Advocate ProStreet designs, now totaling 18 models and variations in BBC’s expanding fleet. The BBC dealers and press members had a chance to ride the new ‘09 models and the best sellers around the scenic and twisty route of Big Bear Lake where BBC is located. Owner Kevin Alsop stated to the press and dealers that “He expects the economy to start picking up between now and spring of 2009. By that time, our strong momentum through the winter will sling shot Big Bear Choppers into next summer by our incentive programs and distinct brand marketing.” Big Bear Choppers.
12 Responses to “Big Bear Choppers Summit Meeting”
Comments are currently closed.
Looking Good..!
-nicker-
with all due respect to Kevin..what quantitative data is he using to fuel his assumption that the economy will begin picking up during that time frame? All the economic indicators run contrary to that belief…unfort.
Personally, having been through this before and learning a bit, I am tucking in for a bear season and being frugal with how i spend my cake…
steveb
steveb,
RE:
“…All the economic indicators run contrary to that belief…”
Heard on the radio last week the number for the last quarter GDP show 2.9% growth.
Isn’t a resession supposed to be 2 consecutive quarters 0 or negative growth???
-nicker-
Nicker. There are several definitions of a recessiom. not only the one you give. For the rest, read below.
“The White House cut its forecast for U.S. economic growth this year and indicated President George W. Bush’s successor will face the dual headwinds of rising unemployment and faster inflation.
U.S. gross domestic product will grow 1.6% this year and expand 2.2% in 2009, the White House’s Council of Economic Advisers said in a mid-year review today. The forecasts were slashed from an outlook in February for 2.7% growth this year and 3% for 2009.
The effects of the economic slump have worsened the job market, and the White House forecast the jobless rate will average 5.3% this year and 5.6% in 2009. The unemployment rate averaged 5.1% in the first six months of 2008 and was at 5.5% in June, unchanged from the 3 1/2-year high reached in May.
The U.S. economy has continued to expand, but growth has slowed as a result of the sharp housing decline, disruptions in financial markets, and high energy prices,” the report said. “Because of the recent slower economic growth, the labor market is likely to remain sluggish for a period of time before returning to better performance.”
The consumer price index will rise 3.8% this year, compared with a February forecast for 2.7%, the White House said. Next year, the cost of living will increase 2.3%, faster than the 2.1% gain predicted five months ago.
The nation’s unemployment rate, as an annual average of monthly figures, hasn’t exceeded 5.3% since 2004, when it reached 5.5%.
The White House’s latest forecast for GDP growth was similar to private economists for this year and more optimistic for 2009.
The economy will expand 1.6% in 2008 and grow 1.7% in 2009, according to the median estimate of economists surveyed by Blue Chip Economic Indicators this month”
Mike,
RE:
“… several definitions of a recession…”
What are they…….????
Compare the stats. above with the Carter Administration Figures.
Gas lines and all, no one called that a recession.
I can still get gas any time i want.
-nicker-
Nicker:
“In the USA, the National Bureau of Economic Research (NBER) definesrecession more broadly as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales”
After inflation, real GDP, real income, industrial production and wholesale-retail sales are all negative.
The historical average US unemployment rate from 1960 to 2000 was 5.7%. Current unemployment is still tracking slightly below average. GDP did improve 2.9% last quarter as Nicker says – mainly due to the lower US Dollar and improved manufactures exports. With the exception of specific markets, (most notably FL, NV and CA) house prices show signs of bottoming out, with some markets showing slight growth in median prices. Inflation remains the potential problem. But this whole circumstance always was, and remains, predominantly a financial market problem. That creates issues for the rest of the economy but the current situation bears little structural relationship to previous recessions. Wall Street has a vested interest in talking the problems up in the hope the Fed will throw it some more money. The real issue is one of uncertainty. The economy itself, outside of the financial sector, has been very resilient. Spring ’09? Probably not too far away from accurate.
Thanks Paul….
RE:
“…The real issue is one of uncertainty….”
That’s been my point.
-nicker-
To all of you, the economy sucks currently because of stupidity. I hope it gets better by spring but perception is reality and that is the problem. You with all of the statistics sound like you are in control of your finances and more power to you. Things will probably jump forward if Obama gets elected because people will perceive things are better until he starts making ridiculous tax increases then the long term effects will be much worse. The point is that if people perceived the economy was getting better it would. Congress screwed it up by stating that the criteria for getting a home loan was to strict and deemed it discrimination seven years ago. They then ordered lenders to ease up on the restrictions and created the sub prime market. This screwed the country by giving people homes that were not responsible enough to have one and here we are. Everyone’s most expensive perceived asset, their home, loses value like never before killing the economy. I say perceived value because a home you live in is not an asset, it is a liability. I hope people blindly perceive the change of the guard as positive and then the economy will turn. The idiotic thing is that if they perceive its getting better now, it will.
Jason. If I agree with the fact that psychology is important (let’s all vote Obama for a change and hope), all your other statements are incorrect. 1- It’s not Congress nor the President who decide rates. It’s the Chief of the Fed. At the time it was Alan Greenspan who lowered and lowered the rates to stimulate the economy. Way too much. Greenspan was even stating publicly that he was happy with the creation by lenders of new exotic mortgages to help the largest number of Americans buy a home. The lenders were so dishonest and greedy that they didn’t think that real estate prices would stop climbing. And boom. 2- A home is an asset !!! Of course not if your equity is 0 or negative. Asset minus liabilities = net worth or equity for a house. Did you ever go to school?
Since I live in Big Bear and drive by Big Bear Choppers daily, I can tell you that things aren’t good there. They just laid off 90% of their workforce and are going to be relocating back into their previous location which is about 75% the size their in now. So to answer your anyones recession doubts, things in the chopper business aren’t looking so good!!