Bike Insurance - Bike prices set to increase in 2009

Motorbike prices, are expected to increase in 2009, according to manufacturers. With the cost of materials such as aluminium and steel, along with shipping fees all on the increase, the price of a bike will be set to rise drastically. The increased prices is also expected to remain at a higher level in 2010, according to a spokesperson from the Retail Motor Industry Federation. This is due to the fact that, the materials, used for the production of motorbikes, will be those that have increased in price.

Moreover, the weakening pound against the euro and the present credit crunch, have also played a part towards the increase in the price of motorbikes. A spokesman from Ducati, the Italian motorbike manufacturer, said: "The main selling season has been and gone and obviously the credit crunch is going to now have an impact. Just look at the retail shops announcing drops in sales." Motorists, who are considering whether to buy a bike, have been advised to do so sooner, rather than later, before the price increase sets in. Also they should ensure that they have adequate motorcycle insurance to cover their bikes.

news source : http://www.onlyfinance.com/