Cryptocurrency may be the biggest buzzword today when it comes to investing. Everywhere you look, stock market novices are jumping at the chance to invest in this mysterious blockchain technology.
That mystery has a lot to do with why it’s such a hot commodity. That, and the fact one Bitcoin is now worth more than $4,000.
If you’re not sold yet on cryptocurrency, there’s another investment option that may rev your engine: motorcycles.
Even if you’re a bike enthusiast, it’s possible you’ve never considered investing in the motorcycle brands you know and love.
We’re going to change that. Take a look at why investing in motorcycle brands may be a solid bet.
Why Are Motorcycle Brands Good Investments?
Let’s start off with the obvious: vintage motorcycles. In Jan. 2018, a Jack Ehret 1951 Vincent Black Lightning sold at a Las Vegas auction for $929,000. That’s an appreciation of 4,475.23%.
That’s not a one-off, either.
Also last year, a 1915 Cyclone Board Track Racer sold at auction for $852,500. In 2015, a 1907 Harley-Davidson Strap Tank sold for $715,000. The list goes on and on.
But, new bikes are holding their own as well. And the reason why makes perfect sense.
The average price of gas in the U.S. is $2.23. Of course, if you live on the West Coast or New York, you could pay up to $3.29. Conversely, if you live in the South, you could pay as little as $1.86.
But it wasn’t that long ago that the national average was well over $3.00. And, there are predictions from oil industry experts that it’s going to skyrocket again in the coming months.
This alone makes owning a bike more economical. At least, that’s the theory since they have smaller tanks and conserve more gas than cars.
But there’s another reason that investing in motorcycles may be a good bet. They’re going electric.
The Brands to Invest In
There are three major motorcycle brands worth taking a look at. One of these is a tried and true, while the others are up and comers.
When you hear “Harley,” you think big, burly biker dudes with their lady wearing a motorcycle jacket riding on the back of their big-engined hogs.
That’s about to change. The American motorcycle maker announced they’re building an electric bike.
The announcement came on the heels of the company reporting higher than expected third-quarter earnings. But, it also showed they lost market share.
So, what’s the Harley Davidson stock prediction? The short version is: Invest now.
If you’ve never heard of Arc Motorcycles, that’s OK. Jaguar Land Rover has.
It announced in November they invested in the electric bike manufacturer. Its signature bike, the Vector, is the first electric motorcycle with a Human Machine Interface (HMI).
The features of the HMI include a sensory riding suit and a helmet with a full heads-up display.
Zero started in California in 2006. Three years later, the brand built its first motorcycle.
Today, it has a full line of electric bikes. And one huge goal: To become the Tesla of motorcycles.
It’s backed by smart investors and hired a new CEO focused on remarketing the brand to appeal to consumers on a bigger scale.
Are Motorcycle Brands a Good Investment for You?
Investing in motorcycle brands may not be for everyone. It helps if you have knowledge of the bike industry and a passion for it as well.
If you don’t feel it’s a good investment for you, there are plenty of other options. Check out five of the fastest-growing industries to invest in today.