A snapshot of motorcycle and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 8 November 2024. BDN financial editor Roger Willis reports.
USA —WELL AND TRULY TRUMPED
Donald Trump’s thumping victory in the US presidential election saw Wall Street rally to record highs after a fortnight of nervous negativity. Market indices went through the roof. Blue-chip S&P 500 stocks and the Dow Jones Industrial Average respectively closed the week 4.7% and and 4.6% up. S&P’s MidCap 400 stacked on 6.3% and the tech-heavy NASDAQ Composite added 5.7%. Tesla supremo and fervent Trump supporter Elon Musk enjoyed the NASDAQ-quoted share price of his electric car enterprise briefly surging by more than 30%. The odd thing about that is an undertaking from dedicated petrolhead Trump to dramatically ramp up US domestic oil-drilling and extraction.
| Currency: dollar | Price | Week | Month |
| Harley-Davidson | 32.92 | +3.5% | -5.3% |
| Polaris Industries | 68.93 | -2.1% | -14.8% |
| Textron | 87.56 | +7.5% | -0.5% |
| Niu Technologies | 2.14 | -7.4% | -19.2% |
| LiveWire | 6.66 | +15.6% | +7.4% |
EUROPE — SLOW TO SINK IN
The certainty of a US tariff assault on European exports to the US from a Trump presidency hardly boosted the eurozone mood, particularly among Europe’s already struggling automotive manufacturers. However, Frankfurt’s key Xetra Dax market index was slow to respond, only turning negative by 0.2% as the weekend approached — although BMW and VW shares fell much faster.
Italian gloom was quicker off the mark and and the FTSE MIB in Milan finished 2.5% down. Scooter giant Piaggio Group, due to release weak nine-monthly results on Friday, got off lightly by its usual expedient of revealing inconvenient facts once the Borsa Italiana had ceased trading in the afternoon.
| Currency: euro | Price | Week | Month |
| BMW | 67.58 | -7.6% | -10.8% |
| Volkswagen | 87.40 | -4% | -9.7% |
| Pierer Mobility | 12.40 | -0.8% | -52.3% |
| Piaggio Group | 2.13 | -2.3% | -15.8% |
JAPAN — MIXED RESULTS
A plethora of quarterly corporate results energised Japanese investors. Tokyo and Osaka’s Nikkei 225 index flagged up their enthusiasm, putting on 3.8%. Among biker-related stocks bashing out mainly half-year numbers, Honda’s strong motorcycle business boost was spoilt by falling sales in Asian car markets, severely knocking its share price. Yamaha, Suzuki and Kawasaki did much better — although the latter’s muscular share price gain didn’t come from cunning stunts in the KHI powersports division.
| Currency: yen | Price | Week | Month |
| Honda | 1381.5 | -9.4% | -11.3% |
| Yamaha | 1400 | +5.7% | +4.5% |
| Suzuki | 1573.5 | +6.6% | -1.2% |
| Kawasaki | 7028 | +22.7% | +8% |
INDIA — DIWALI DISAPPOINTMENT REMAINS
Post-Diwali reckonings continued and Mumbai market indices were hardly made of stern stuff. S&P’s BSE Sensex 30 rose by a mere 0.3% and the NSE Nifty 50 added 0.6%. Among biker stocks, only Bajaj and Mahindra stayed shiny side up — and for the latter that was probably more to do with agricultural tractor sales than its motorcycle brands.
| Currency: rupee | Price | Week | Month |
| Hero MotoCorp | 4768.90 | -5% | -12.9% |
| Bajaj Auto | 9910.40 | +0.3% | -16.6% |
| TVS Motor | 2467.90 | -1.7% | -11.7% |
| Eicher Motors | 4785.25 | -3.4% | +1.2% |
| Mahindra | 2974.90 | +5.6% | -5.1% |
CHINA — COUNTING BUCKS IN TRILLIONS
The National People’s Congress, China’s rubber-stamp parliament, stunned observers by unveiling a huge fiscal stimulus package worth $1.4 trillion, to further shore up its faltering economy as Beijing prepares for increased trade tensions with the US now Donald Trump has been unleashed once more.
This was officially well-received by investors. Shanghai’s SSE Composite index and the Shanghai/Shenzhen blue-chip CSI 300 both rose by suspiciously identical 5.5% weekly gains. Quite how much of this investment will cascade down into China’s active business enterprises will be a moot point.
| Currency: yuan | Price | Week | Month |
| Qianjiang | 17.72 | +5.7% | -1% |
| Zongshen | 26.51 | -12.5% | +91.7% |
| Sundiro | 3.86 | -0.3% | +9% |
| CETC (Jialing) | 15.55 | +9% | +22.5% |
| Lifan | 8.86 | +20% | +84.2% |
| Loncin | 8.17 | +2.3% | +7.6% |
| Linhai | 9.86 | +7.2% | +9.2% |
| Guangzhou Auto Group | 8.55 | +8.4% | +4.1% |
| CFMoto | 154.53 | -5.2% | -2% |
| Xinri E-Vehicle | 10.85 | +7% | +1.4% |