Sturgis Rally Tax Revenue: Overall tax revenue from this 71th Sturgis Motorcycle Rally is down nearly 6 percent compared to 2010. The South Dakota Department of Revenue reports revenue collected so far during the rally period is $1,127,552 compared to $1,197,344 a year ago. This is a 5.8 percent decrease. Sales and tourism tax revenues collected from temporary vendors at this year’s rally totaled $907,954 in the Northern Hills, which includes Sturgis and all other communities in Meade and Lawrence counties. That is an 8 percent decrease from last year. The number of vendors displaying and selling products continued a downward decline. There were 976 vendors at this year’s rally compared to 1,040 in 2010 and 1,149 in 2009.
Harley-Davidson Inventories Too Low? During the last 3 years, because of the economy, many Harley dealers have closed because of too many unsold bikes on the floor with bikes losing their value. One of Harley priorities was to keep its brand value by limiting production to not overwhelm its dealers with models difficult to sell. A survey by Robert W. Baird & Co. re;eased last week seems to show that Harley is again in better control of its production now better adapted to demand. As a matter of fact nearly 60 percent of Harley dealerships said inventories are now too low. A lot of trades are going on between dealers to fin the right model in the right color to satisfy clients. On average, dealers report 10% more unit sales during these last 8 weeks than for the same period last year.
MSF Launches Motorcycling Naturalistic Study. The year-long research project includes 100 bikes, routinely being ridden in real-world traffic, and equipped with an array of data acquisition systems to provide comprehensive, real-time, near-crash, pre-crash and actual-crash information that is unprecedented in motorcycle research. Each motorcycle is equipped with five color cameras, a GPS, accelerometers, gyro, forward radar, machine vision lane tracker, brake lever and pedal input, and more. The study will track two age groups each – one in the 21-to-34 age group and one in the 45-to-64 age group – on seven motorcycle models from five brands. Motorcycle types include sport bikes, cruisers and touring bikes. The MSF is a not-for-profit organization sponsored by BMW, BRP, Ducati, Harley-Davidson, Honda, Kawasaki, KTM, Piaggio, Suzuki, Triumph, Victory and Yamaha.