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US Motorcycle Thefts Down 6% in 2011

Americans reported 46,667 motorcycle thefts in 2011, a 6% decrease from 49,791 stolen motorcycles in 2010, reports the National Insurance Crime Bureau. Despite the drop in reported thefts, the non-profit organization representing nearly 1100 property and casualty insurance companies says the theft rate still averages out to one motorcycle stolen every 11 minutes in the U.S. The numbers were published in the NICB’s 2011 ForeCAST Report which examined theft reports as well as recoveries.

Yamaha to Cut Motorcycle Production in 2009

With mounting inventories coupled with a drop in demand, Yamaha will be cutting its motorcycle production in Japan by 24 percent this year or to about 260,000 total units; one newspaper reported this would be a 40-year low for the manufacture. Yamaha plans to cut production for motorcycles and other products by 30 percent in the Americas, 20 percent in Europe but will maintain production levels in Asia where demand has not dropped off. The company is forecasting its group sales to fall 22 percent with an operating loss of about $300 million.

2011 Isle of Man TT Recap

The Isle of Man TT usually provides a lot of drama, and this year’s event was no different. John McGuinness, second on the all-time TT wins list, added two more wins to his resume to win the Joey Dunlop Trophy while MotoCzysz once again fell just short of taking the bounty for being the first electric motorcycle team to record a 100 mph lap on the Mountain Course. The 2011 Isle of Man TT also had its share of tragedy with three racing fatalities.