About 100,000 of the bikes popular for trails, zipping around backyards and racing on motocross tracks sold last year for $1,500 or more, according to industry estimates. Dealerships where sales already were sputtering due to the recession received notices over the last month that they must pull the bikes off showroom floors.
Industry leaders say some 13,000 dealers are now stuck with $100 million worth of inventory that may end up worthless.
Congress is getting an earful. U.S. Rep. Danny Rehberg, R-Mont., fielding angry phone calls over the issue, blamed "government bureaucrats" for bungling implementation of the original law.
Washington Post
Monday, February 16, 2009
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