Take a take a look at what’s clicking on foxbusiness.com.
Daytona Beach, Florida, is in the course of a energetic week of Daytona bike regardless of financial uncertainty.
Bike Week, described as “The largest bike occasion on the planet”, began on February 28 and can final Sunday.
The Daytona seaside and the biggest county of Volusia ought to see an inflow of $ 100 million due to the lots of of 1000’s of bike lovers who attend the celebrations, Spectrum News 13 reported.
The weekly occasion presents “races, reside leisure, panoramic rides, bikes, sellers and meals”, in keeping with a press launch from the Daytona Office Beach Area Convention & Visitors.
Get Fox Business touring by clicking right here
This yr’s iteration marks the 84th anniversary of the occasion. Bike Week attracts lots of of 1000’s of individuals yearly.
Fox Business Ashley Webster reported Thursday from Daytona Beach that the bikes accessible throughout Bike Week price anyplace from $ 12,000 to over $ 50,000 or $ 60,000.
Fox Business Ashley Webster studies from Ormond Beach, Fla. During the Bike Daytona week to debate the bike sector.
He additionally spoke with Teddy Morse, CEO of and Morse Automotive Group. Morse informed Webster that enterprise in his Harley-Davidson vendor had been “very, superb”.
“We all the time need it to be higher. I’m very, very pleased, by no means glad, however I’m pleased,” he mentioned.
“The pleasure of getting on a motorbike is freedom,” Morse additionally mentioned to Webster. “They are these few moments – we’re so linked these days by the whole lot, by our telephones, by work, individuals – is that second once you may be alone and you may solely be along with your ideas.”
In the United States, the bike market reached a price of $ 10.48 billion in 2024, in keeping with Grand View Research.
Harley-Davidson, one of the well-known bike producers, mentioned in early February that its 2024 monetary efficiency had been “considerably influenced by the continual twenty cyclical for discretionary merchandise, together with the excessive rate of interest surroundings that impacts shopper belief”.
The firm emblem for Harley-Davidson Motorcycles is exhibited in a Disney Springs retailer in Walt Disney World on June 1, 2024, in Orlando, Florida. (Photo of Gary Hershorn / Getty Images / Getty Images)
“The business has confronted many challenges within the final two years, affecting all ranges, however we imagine we’re higher positioned to make the most of any enhance in consumption,” mentioned CEO Jochen Zeitz at that second.
In the previous couple of days, a collection of industries has had uncertainty hanging on them within the midst of the fluid tariff scenario between the United States, Canada and Mexico and the way it might affect the American financial system. President Donald Trump on Thursday declared that he had put in place exemptions for Mexico and Canada on items pursuant to the United States-Mexico-Canada settlement till the start of April.
President Donald Trump talks to the media members on the South garden earlier than boarding Marine One at Washington’s White House, DC, February twenty eighth. Tuesday, the Trump administration has imposed charges on Canada and Mexico. (Reuters / Nathan Howard / Reuters)
Trump indicated that “mutual charges” arrive initially of April.
Click right here to learn extra on Fox Business
