Yamaha is looking at rising inventories of unsold motorcycles and has decided to cut 2009 production by 24 percent. This year’s production will be only about 260,000 units to adjust for the current backlog. Motorcycle stockpiles bound for Europe are twice normal levels while motorcycle inventories for the U.S. are up 50 percent.
Yamaha has already decided to shut its main assembly plant in Shizuoka Prefecture and the parts plants that feed it for 10 days in February and March to reduce output by 13,000 motorcycles, and it plans to negotiate with labor unions for more work stoppages in the second calendar quarter of 2009.
If you’re looking for a new Yamaha, this is an opportunity to get a great deal. Stop by your local dealer and make an offer. You might be very pleasantly surprised.