Category: Motorcycle Price

Lyft (NASDAQ:LYFT – Get a rating) saw its price target lowered by research analysts DA Davidson from $60.00 to $27.00 in a research report released on Thursday, Fly reports. DA Davidson’s price target indicates a potential upside of 22.01% from the stock’s previous close.

LYFT has been the subject of a number of other research reports. Wolfe Research lowered its price target on Lyft from $46.00 to $45.00 and set a “peer performance” rating on the stock in a Wednesday, Feb. 9 research report. Wedbush lowered its target price on Lyft from $50.00 to $32.00 in a research report Wednesday. Truist Financial cut its target price on Lyft from $58.00 to $50.00 in a research report on Wednesday. Canaccord Genuity Group cut its target price on Lyft from $58.00 to $52.00 in a research report Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut its target price on Lyft from $43.00 to $28.00 in a Wednesday research report. Eleven equity research analysts gave the stock a hold rating and seventeen gave the stock a buy rating. According to MarketBeat.com, the stock has a consensus buy rating and an average price target of $51.83.

Lyft stock traded down $0.57 during Thursday’s midday session, hitting $22.13. The company had a trading volume of 506,108 shares, compared to its average volume of 4,758,415. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt ratio of 0. .47. Lyft has a 12-month low of $20.02 and a 12-month high of $63.07. The company’s fifty-day moving average is $35.84 and its 200-day moving average is $40.68. The company has a market capitalization of $7.71 billion, a price-earnings ratio of -9.71 and a beta of 1.79.

(A d)

The powerful forces that accompany great progress and transform the way we live are how our analyst defines megatrends. In our latest report, we reveal 5 megatrends and the actions behind their skyrocketing popularity.

Lyft (NASDAQ:LYFT – Get a rating) last released its quarterly earnings data on Tuesday, May 3. The rideshare company reported EPS of $0.07 for the quarter, beating Thomson Reuters consensus estimate of $0.07 ($0.07) by $0.14. Lyft had a negative return on equity of 57.94% and a negative net margin of 31.46%. The company posted revenue of $875.60 million for the quarter, versus analyst estimates of $845.91 million. In the same quarter of the previous year, the company posted EPS of ($0.86). The company’s quarterly revenue increased by 43.8% compared to the same quarter last year. As a group, sell-side analysts expect Lyft to post -1.58 EPS for the current fiscal year.

In related news, insider Kristin Sverchek sold 3,938 shares of the company in a transaction dated Tuesday, March 29. The stock was sold at an average price of $40.00, for a total transaction of $157,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Insiders of the company own 5.77% of the shares of the company.

A number of institutional investors have recently changed their positions in the stock. Aubrey Capital Management Ltd bought a new position in Lyft during Q1 worth around $630,000. MCF Advisors LLC bought a new position in Lyft stock in Q1 worth about $25,000. Russell Investments Group Ltd. increased its stake in Lyft stock by 13.7% in Q1. Russell Investments Group Ltd. now owns 190,556 shares of the rideshare company valued at $7,316,000 after purchasing an additional 22,943 shares during the period. Summit X LLC bought a new position in Lyft stock in Q1 worth about $222,000. Finally, HCR Wealth Advisors increased its stake in Lyft shares by 18.8% in the 1st quarter. HCR Wealth Advisors now owns 28,371 shares of the rideshare company valued at $1,089,000 after purchasing an additional 4,497 shares during the period. Institutional investors hold 80.43% of the company’s shares.

About Lyft (Get a rating)

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that provide riders with personalized, on-demand access to a variety of mobility options. It supplies the carpooling market, which connects drivers with passengers; Express Drive, a flexible car rental program for drivers; Lyft Rentals, which provides vehicles for long-distance trips; and a network of shared bicycles and scooters in different cities to meet the needs of cyclists for short trips.

Featured articles

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Lyft right now?

Before you consider Lyft, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes viral…and Lyft wasn’t on the list.

Although Lyft currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Originally from Duluth, Minnesota, Gena Lee Nolin joined “The Price Is Right” as a model in 1994 (via PhoenixMag). Although her tenure on the show was brief compared to some of the other “Price Is Right” models, she appeared in more than 200 episodes between 1994 and 1995, happily modeling jet skis, hot tubs, and bicycles. exercise (via IMDb). However, by the time the final episode of the model’s game show aired in December 1995, she had already landed a coveted role on a decidedly different series.

For most of the world, “Baywatch” was already a cultural phenomenon by the time Nolin joined in September 1995. For more than a decade, the acclaimed lifeguard series has combined the most popular elements of soap operas, thrillers and procedural dramas with the beautiful scenery on the coasts of California and Hawaii. The series also brought fame to David Hasselhoff and Pamela Anderson.

Originally played by actress Heather Campbell, Neely Capshaw had a rocky start in “Baywatch,” immediately clashing with Matt (David Charvet) and CJ (Anderson). When Nolin took over the role at the start of Season 6, Neely still had a reputation as a bad girl on the show. However, over Nolin’s three seasons on “Baywatch,” his character grew into a kind-hearted lifeguard and love interest for Mitch (Hasselhoff). In 1998, Nolin left the show to star in her own show, “Sheena” (via IMDb).

Of course, Nolin isn’t the only notable actress to make her modeling debut on a game show. Long before taking on the title of Duchess of Sussex, former ‘Suits’ actress Meghan Markle appeared as a model in ‘Deal or No Deal’ (via Initiated).

KUALA LUMPUR: Only a few days ago, Volvo Malaysia announced its plan to review the prices of the modelsand now Ducati Malaysia released the updated price list for 2022. While most Ducati motorcycles in Malaysia are more expensive now, few are priced unchanged.

KEY POINTS TO REMEMBER

• Why have prices increased for most Ducati motorcycles?

  Prices for Ducati motorcycles have been rising globally over the past few months. The reason for this is an increase in material, logistics and production costs as well as an increase in expenses for other natural substances.

• Which Ducati Malaysia motorcycle saw the maximum price increase?

  The Ducati model with the biggest price increase (from RM146,900 to RM155,900) is the Multistrada V4S.

The Ducati Malaysia range includes nine models, each with several variants. The table below shows the price revision suffered by all –

Model	Old prices	New prices
Multistrada
Multistrada V4 Base	RM135,900	RM135,900
Multistrada V4 S	RM146,900	RM155,900
street fighter
Street Fighter V4	RM115,900	RM121,900
Street Fighter V4 S	RM145,900	RM149,900
Streetfighter V4 S Dark Stealth	RM148,900	RM152,900
Street Fighter V4 SP	RM239,900	RM239,900
Panigale
Panigale V2	RM109,900	RM116,900
Panigale V4 AM 2022	N / A	To be determined
Panigale V4 S AM 2022	N / A	To be determined
Panigale V4 SP	RM279,900	RM279,000
Hypermotard
Hypermotard 950	RM75,900	RM79,900
Hypermotard 950 RVE	RM80,900	RM84,900
Hypermotard 950 SP	RM120,900	RM122,900
Freak
Monster 937	RM69,900	RM72,900
Supersport

Pricing information courtesy of: MotoMalaya.net

The Ducati model with the biggest price increase (from RM146,900 to RM155,900) is the Multistrada V4S which earlier this year was made available in a striking Iceberg White shade with some suspension and software upgrades.

Then the Ducati Scrambler range also saw a significant change in the price game. While the desert sled model now costs RM7000 more than before, the Icon, night patroland Icon Dark have RM 5000, RM 5000 and RM 1000 more expensive.

Similarly, the Supersport, Monster and Hypermotard range has undergone a price review. However, a few select Ducati motorcycles have seen a price change. For example, the Panigale V4 SP (RM279,900), Multistrada V4 (RM 135,900) and Streetfighter V4 SP (RM 239,900).



Reason for the sudden price hike –

Not just in Malaysia, but prices for Ducati motorcycles have been rising around the world over the past few months. The reason for this is an increase in material, logistics and production costs as well as an increase in expenses for other natural substances.

Along the same lines, we would like to highlight the global ABS sensor storage due to inventory issues related to certain alloys and metals. May cause delivery delays for certain brands of mid-to-high end motorcycles.

Also Read: Ducati Buka Puasa Event Shows Passion of Malaysian Motorcycle Enthusiasts

Purva Jain

Today
For Ducati Multistrada V4

Ahead of the launch of the KTM RC 390 2022, the price of the motorcycle was listened to on the official website of KTM India.

KTM enthusiasts were eagerly waiting for the company to launch the 2022 RC 390 in India and we ourselves were anticipating its launch. While there is no word yet on when the bike will launch, pricing has been leaked. If the KTM India website is to be believed, the 2022 KTM RC 390 will have a starting price of Rs 2,77,635 (ex-showroom). This price is very similar to the outgoing model which is going to be appreciated by many.

The 2022 iteration of the RC 390 will be a generation change and will come with a new look. In the front, the dual projector lamps have been replaced by a single LED unit and a larger windscreen. The fairing is sharper and the graphics have also been redone. Needless to say, it will be very easy to tell the difference between the old and the new RC 390. At 13.7 litres, the fuel tank is larger and there is also a passenger seat. The finish of the seats is also different and looks like Alcantara. While the 17-inch alloy wheels are the same size, this time around they get a new 5-spoke design. The RC 390 will be available in two color options – Electronic Orange and Factory Racing Blue.

Engine	373.27cc, single cylinder, liquid-cooled, DOHC, FI
Able	42.9 hp at 9000 rpm
Couple	37Nm at 7000 rpm
Transmission	6-speed with slipper clutch and assist
Seat height	835mm
Ground clearance	153mm
Unloaded weight	172kg

Specifications KTM RC 390 2022

The KTM RC 390 2022 also benefits from numerous improvements in terms of technology. Gone is the basic-looking digital instrument cluster, you now get a color TFT display much like the Adventure 390. It will also offer smartphone pairing via Bluetooth. You still get 37mm WP Apex inverted forks up front and a monoshock in the rear. There’s a single 320mm disc up front and a 220mm disc out back. In addition to dual-channel ABS, you also get cornering ABS for added safety.

As far as the engine and gearbox are concerned, there are no major changes but this is not essentially a problem. The 373.27cc single-cylinder liquid-cooled engine still produces 42.9hp and 37Nm, which is better than any other bike in its class. The 6-speed gearbox comes with a slipper and assist clutch and this time around KTM has also introduced a quick shifter for clutchless gear changes. There is an option to disable rear ABS and a traction control system.

Chicken head insurance (NASDAQ: GSHD – Get a rating) saw its target price lowered by analysts at Truist Financial from $75.00 to $60.00 in a research report released Wednesday to clients and investors, Fly reports. Truist Financial’s target price indicates a potential upside of 13.83% from the company’s current price.

GSHD has been the subject of a number of other research reports. Piper Sandler cut her price target on Goosehead Insurance from $120.00 to $75.00 in a research report Wednesday. William Blair rephrased an “outperform” rating on Goosehead Insurance shares in a Monday, Jan. 24, research report. JMP Securities cut its price target on Goosehead Insurance from $170.00 to $160.00 and gave the stock a “market outperformance” rating in a Friday, Jan. 14 research note. Zacks Investment Research upgraded Goosehead Insurance from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Royal Bank of Canada reduced its price target on Goosehead Insurance from $150.00 to $140.00 in a Thursday, February 24 research note. Two investment analysts have assigned the stock a sell rating, two have issued a hold rating and five have assigned the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $129.29.

Shares of Hen’s head insurance action opened at $52.71 on Wednesday. The company has a market capitalization of $1.95 billion, a PE ratio of 210.84 and a beta of 0.67. The company has a 50-day simple moving average of $73.36 and a two-hundred-day simple moving average of $107.98. Goosehead Insurance has a one-year minimum of $52.01 and a one-year maximum of $181.30.

Chicken head insurance (NASDAQ: GSHD – Get a rating) last reported results on Tuesday, April 26. The company reported EPS of $0.04 for the quarter, beating the Zacks consensus estimate of ($0.02) by $0.06. Goosehead Insurance had a negative return on equity of 10.36% and a net margin of 3.57%. During the same period last year, the company achieved EPS of ($0.02). On average, equity research analysts expect Goosehead Insurance to post EPS of 0.54 for the current year.

In other news from Goosehead Insurance, major shareholder and Robyn Jones Descendants Mark sold 38,246 shares of the company in a trade on Thursday, March 31. The stock was sold at an average price of $82.95, for a total value of $3,172,505.70. Following the completion of the transaction, the insider now directly owns 132,349 shares of the company, valued at approximately $10,978,349.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Insiders hold 48.35% of the shares of the company.

Institutional investors have recently changed their positions in the stock. American Century Companies Inc. increased its position in Goosehead Insurance shares by 16.0% during the fourth quarter. American Century Companies Inc. now owns 262,643 shares of the company worth $34,164,000 after purchasing an additional 36,228 shares in the last quarter. Polen Capital Management LLC increased its stake in Goosehead Insurance by 8.5% during the third quarter. Polen Capital Management LLC now owns 158,994 shares of the company worth $24,213,000 after acquiring an additional 12,513 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Goosehead Insurance during the third quarter worth approximately $354,000. Oppenheimer Asset Management Inc. increased its stake in Goosehead Insurance by 53.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 23,350 shares of the company worth $3,037,000 after acquiring 8,174 additional shares during the period. Finally, Liontrust Investment Partners LLP acquired a new stake in Goosehead Insurance during the third quarter at a value of approximately $838,000. 99.18% of the shares are held by hedge funds and other institutional investors.

About Hen’s Head Insurance (Get a rating)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC which provides personal lines insurance agency services in the United States. The Company operates in two segments, Corporate Channel and Franchise Channel. It offers products and services in home insurance, auto insurance, home insurance, flood, wind, earthquake, excess or umbrella liability, motorcycle, recreational vehicle, general liability, property and life.

Recommended Stories

Get news and reviews for Goosehead Insurance Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Goosehead Insurance and related companies with MarketBeat.com’s free daily email newsletter.

LONDON, April 25, 2022 /PRNewswire Policy/ —

Controversial EU Vnuk car insurance law set to be removed from UK law as bill passes Parliament.

British motorists will be spared a possible £50 annual increase in insurance as the government continues to grapple with cost of living pressures and uses post-Brexit freedoms to end a controversy EU straight.

A bill to remove EUVnuk car insurance law passed Parliament today (April 25, 2022) and will then receive Royal Assent to confirm the changes to the law.

EU the law could have required a wider range of vehicles beyond cars and motorcycles to have auto insurance, such as golf carts, mobility scooters, and quads.

This would have extended to vehicles on private land, meaning even people with home lawn mowers would potentially need car insurance. However, other insurance options are already available for people who need coverage on their private land, such as farmers.

Failure to enforce the law will prevent a rise of almost £2 billion for the country’s insurance sector, which would have translated into a potential increase in individual insurance premiums of around £50 per motorist per year .

EUVnuk car insurance law was dropped

transport secretary Grant Shapp mentioned:

“Dismiss this nonsense EU rule will protect the pockets of hard-working Britons as we continue to help ease cost-of-living pressures.

“It’s another Brexit win and I’m delighted this bill has rightfully passed Parliamentsaving billions of pounds in extra insurance costs and protecting our global motorsport industry.”

The bill was presented to Parliament by Stone Bone MP, who said:

“I am delighted that Brexit has allowed me to push a bill which could save the average motorist £50 a year.

“I am grateful for the help that Bureau of automobile insurers and the government provided in drafting the bill. My motor vehicles (Compulsory insurance) Bill is just one small example of our Brexit dividend.”

Vnuk would also have covered motorsports collisions, potentially involving vehicles ranging from go-karts to Formula Onewhich would have been treated as ordinary traffic accidents requiring insurance.

This could have decimated the motorsports industry due to additional insurance costs of around £458m each year. Scrapping Vnuk will therefore save the world’s leading sector from potential collapse and secure hundreds of thousands of industrial jobs in the process.

The CEO of The Bureau of automobile insurers (MIB), Dominic Claydonmentioned:

“The MIB welcomes the passage of Motor Vehicles (Compulsory insurance) Invoice. We have campaigned on this issue for a number of years and are delighted that the legislation needed to remove the effects of Vnuk has now been passed.

“Motorists will no longer face the added costs of future accidents on private land and accidents involving a range of additional vehicles – including lawnmowers and golf carts. This will save everyone money. motorists and will bring us back to the common sense approach we had before the Vnuk shutdown in 2014.”

In addition to the likely financial burden for UK road users, the Vnuk rules are seen as unnecessary as there are already insurance packages available to Britons which cover certain risks on private land.

Motor insurance will always be required for all vehicles on the roads or other public places. However, the removal of Vnuk means that insurance for vehicles used on private land is not required.

THE SOURCE UK Department of Transport

src=”https://rt.prnewswire.com/rt.gif?NewsItemId=20220425100Transmission_Id=202204251451PR_NEWS_WN______20220425100DateId=20220425″ style=”border:0px; width:1px; height:1px;”/>

The electric mobility space is growing at a rapid pace in India. In the electric two-wheeler segment, while we have a plethora of scooters, motorcycles are quite limited. The Revolt RV400 was the first electric motorcycle to be launched in India in August 2019. It was followed by the Tork Kratos in January 2022 and recently we also got the Oben Rorr. So here we have a comparison based on the specs of Revolt RV400 vs Oben Rorr vs Tork Kratos electric motorcycles.

Revolt RV400 vs. Oben Rorr vs. Tork Kratos:

motor and battery

specification	RV400	Rrr	Kratos
electric motor	3kW	10kW	7.5kW
peak power	4.02 hp	13.41 hp	10.05 hp
Couple	50Nm	62Nm	28Nm
Top speed	85 km/h	100 km/h	100 km/h
Battery	3.23kWh Li-ion	4.4kWh Li-ion	4kWh Li-ion

The Revolt RV400 gets a 3 kW electric motor that develops 4.02 hp of peak power and 50 Nm of torque. It has a top speed of 85 km/h. The new Oben Rorr as well as the Tork Kratos are much more powerful on paper. Oben Rorr has a 10 kW electric motor with 13.42 hp and 62 Nm while the Tork Kratos gets a 7.5 kW motor with 10.05 hp of power and 28 Nm of torque. These two electric motorcycles have a top speed of 100 km/h.

Range and charging time

specification	RV400	Rrr	Kratos
IDC range (claimed)	150 kilometers	200 kilometers	180 kilometers
Charging time (claimed)	4-5 hours	2 hours	4.5 hours

Revolt Motors claims that the RV400 offers a range of 150 km per charge under ideal conditions. Tork Kratos are said to offer a range of 180km while Oben Electric claims that the Oben Rorr will offer a range of up to 200km on a full charge under ideal conditions. The charging time of all these electric motorcycles is mentioned in the table above.

Follow: Express Drives on instagram, Twitterand Facebook

Hardware and Features

The new Oben Rorr as well as the Tork Kratos receive telescopic forks at the front and a monoshock at the rear. However, the Revolt RV400 gets USD front forks and a rear monoshock. For braking duties, all of these electric motorcycles are equipped with disc brakes at each end with a combined braking system as standard. In terms of the equipment offered, these electric motorcycles are quite feature-rich and have a digital dashboard with connected technology, Bluetooth, etc.

Prices in India

Brand and model	Starting price (excluding showroom)
RV400 Revolt	Rs 1.24 lakh
Oben Ror	99,999 rupees
Tork Kratos	Rs 1.08 lakh

Revolt RV400 is currently priced in India at Rs 1.24 lakh. The Oben Rorr retails at Rs 99,999 while the Tork Kratos is priced at Rs 1.08 lakh, all ex-showroom Maharashtra prices. Which electric motorcycle will be your choice? Let us know in the comments section below!

Also Read: 2022 Maruti Suzuki XL6 vs. Ertiga vs. Kia Carens: Price, Specs, Mileage, Comparison

Stay tuned with Express Drives for more updates and also subscribe to our Youtube channel for the latest automotive news and reviews.

Trending

• What Are No Credit Check Loans?
• Price, pre-sale, specs and photos of the $3,195 machine
• Westmoreland events: scarecrow contests, spaghetti dinners, jumble sale
• Peterborough City Council to bid for brand new youth center to reduce crime and poor mental health
• Pensioners shape Kenya’s vintage car market
• Soft Robotics Market Size, Share, Trends, Growth, Price, Analysis, Access, Outlook, Report, Forecast 2022-2027
• How Mexican sauce brand I Love Chamoy went viral on TikTok
• These 10 motorcycles including Hero Splendor make an exceptional sale before the festival, the showroom is crowded
• China Motorcycle Price in Pakistan 2022

Investment

oi-Vipul Das

|
Posted: Friday April 22nd 2022, 04:33 PM [IST]

Minda Corporation Ltd (MCL) is a key player in the international automotive industry and a leading supplier of OEM auto parts. With operations in Indonesia, Vietnam, Uzbekistan, the United States of America and Japan, the company now caters to major passenger vehicles, commercial vehicles, motorcycles and scooters, off-road vehicles and Tier 1 companies in India. The company’s shares on the NSE fell from Rs 96 to the current market price of Rs 270 in one year, representing a multibagger yield of 180.81%. However, the stock is up 36.50% year-to-date (YTD), while the stock is up 110.86% in the previous six months. Over the previous month, the stock has gained 37.20% and over the past five days it has climbed 19.81%. ICICI Securities issued a call to buy the stock with a target price of Rs 315 over the next 12 months.

• Gradually stepping up the game in the EV space with new product development in-house. Potential value of 2-W electric kit seen at Rs 16,000-20,000/unit compared to current value of 2-W ICE kit at Rs 4,000-4,500/unit.
• Envisaged increase in kit value through increased content of existing products as well as new product offerings. On-board car manufacturers like Ola Electric (sole smart key supplier), Hero Electric, Ampere, among others.
• History of core OEM industry growth in the past with an additional commitment to grow 10-15% ahead of industry volumes in the future.

• Strong orders (~Rs 4,232 crore lifetime orders for 9MFY22; replacement and new business combined; VE order at Rs 843 crore) provide good revenue visibility. We are creating a CAGR of 23.8% of FY21-24E consolidated sales.
• Strong EV backlog with two new EV OEMs (Hero Electric and BMW) added to the list marking all the big names in the EV space as customers.
• The acquisition of JV’s stake in Stoneridge (for Rs 161 crore) will be accretive to margin and yield ratios. Consequent consolidated RoE, RoCE seen at 17-19% by FY24E. EBITDA margins are expected to improve to 12.2% by FY24E.

ICICI Securities said “MCL was one of our first finds with a share price nearly 3x since our launch in December 2020, significantly outperforming the Nifty Auto Index. We retain the Buy rating in healthy growth prospects, going forward. MCL value at a revised target price of Rs 315, i.e. 25x P/E on FY24E EPS of (previous TP Rs 220).”

A slower-than-expected recovery in industry volumes and a slower-than-expected improvement in margins are the main risks for the stock according to the brokerage.

The security was selected in the brokerage report of ICICI Securities. Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies, the author, and the brokerage are not responsible for any losses caused as a result of decisions based on the article.

For investment-related articles, business news and mutual fund tips

Article first published: Friday, April 22, 2022, 4:33 p.m. [IST]

Indian two-wheeler manufacturer Royal Enfield has finally released one of the new colors of its highly anticipated and feature-laden Meteor 350 bike for 2022. The entry-level trim of the vehicle comes in two new colors – matte green and blue, while the top supernova variant comes with a brand new red color option. The company has confirmed that these new color options in the bikes will be sold alongside the current color options.

The company not only introduced the new color options for all bike enthusiasts, but also increased the prices of the cruiser motorcycle. According to official reports from Royal Enfield, the three variants of the new RE Meteor 350 have now become more expensive, which means that customers have to pay the extra amount between Rs 4,000 and Rs 5,000. Apart from the Meteor 350, the company has also increased the price of one of the best-selling Himalayan Scram 411 and the Himalayan adventure motorcycle.

Take a look at the price list of the Meteor 350 variants

If you are planning to buy the basic Fireball variant of the Meteor 350, you have to play a part of Rs 2,05,844. While its second Stellar model is priced at Rs 2,11,924 and the top supernova variant at Rs 2,22,061.

2022 Meteor 350 Specifications

The company has launched the RE Meteor 350 on the all-new J platform identical to the new generation Classic 350. The bike features a 349cc single-cylinder air-oil-cooled engine, which generates 20.2 hp of power and 27 Nm of power. maximum torque. The bike comes with a 5-speed gearbox.

As for the features, the motorcycle is equipped with retro style circular headlights with LED DRL, teardrop fuel tank, large windshield, LED tail light, a USB charger and a digital speedometer, which displays general information such as fuel capacity, speed. , RPM among others. It also comes with RE’s Tripper navigation system for turn-by-turn navigation.

Following skyrocketing gasoline prices, the question arises as to when demand destruction will set in, where people will start to drive less, take more time to save gas when driving or begin to favor the most economical vehicle in their garage. If enough people do, demand begins to decline and gas stations have to compete for dwindling business. The destruction of demand is what would cause the price to drop further. Are we already there?

The Department of Energy’s EIA measures gasoline consumption in terms of barrels supplied to market by refiners, blenders, etc., not in terms of retail sales at gas stations. The volume of gasoline delivered fell for the third consecutive week. This is unusual at this time of year when gas mileage normally increases during the summer.

The EIA reported on Thursday that gasoline consumption fell to 8.61 million barrels per day in the week ended April 8 based on a four-week moving average (red line), the highest low since March 4, down 2.3% from the same period in 2021 (black line) and down 8.1% from the same period in 2019 (grey line).

Consumers began to react in January.

Note how the last 11 months (red line) followed very closely the pre-Covid period three years earlier (grey line) until they started to diverge sharply, not only in March, but already in mid -January, and have been solidly below the 2019 level ever since.

Gasoline prices began to soar from crashed levels in April 2020. In May 2021, the average price of gasoline across all grades exceeded $3.00 per gallon, a multi-year high, and continued. In November 2021, it reached $3.40 per gallon and paused. Then in early February, it started to skyrocket and hit $4.32 on March 14.

But since mid-March, the price has come down. Now at $4.09, it’s still a nosebleed high but is a bit lower than it was:

Gas stations don’t lower prices out of the goodness of their hearts. They lower prices because sales are affected and price competition has developed between service stations in an effort to maintain sales volume. And gas stations could lower their selling price without hurting their profit margins, because the costs of their product have also fallen.

The destruction of demand affecting gasoline would then be passed on to demand for crude oil. But crude oil has uses far wider than just gasoline, including the burgeoning petrochemical industry. And a slight drop in U.S. gasoline demand isn’t going to shake global crude oil markets too much.

The price of crude oil has already rebounded again.

WTI crude had climbed to $130 a barrel, then fell back into the $90 range. In recent days, it has changed course again and is now at $106. This is not a good sign for the price of gasoline.

Obviously, there has been some demand destruction, and that may have been enough to bring the price of gasoline down a bit.

But maybe not. Perhaps this destruction of demand was not the cause of the drop in gasoline prices. Maybe they fell for another reason, like the current volatility that has affected everything. The wild dynamics of the commodity markets ensure this.

My guess: gas prices will rise further.

I can see the demand destruction, but right now I doubt it’s large enough to cause a sustained drop in the price of gasoline. I wouldn’t be surprised if the price goes up again. Crude oil prices have already started to climb again. It could be a long process with very volatile and zigzagging prices higher and higher. That’s my guess.

What we know.

Annual gasoline consumption peaked in 2007 then declined over the next five years to 2012 by a total of 6.3%. It then rose again and reached that 2007 peak again in 2016, then again in 2017, and in 2018, and again in 2019, without exceeding it. And then in 2020, consumption collapsed. In 2021, consumption has recovered markedly, but total annual consumption still ends the year down 5.3% compared to 2007!

But the total number of kilometers traveled by vehicles hits a record every year from 2015 to 2019. And in 2021, despite the slump in 2020, miles driven increased 6.6% from 2007. People are driving more, but they’re using less gas to do so:

So there are many other factors that play into gas mileage, not just the price. This includes long-term technology trends, such as more fuel-efficient vehicles and the arrival of electric vehicles on a scale now large enough to reduce gas mileage.

Other changes are also impacting gas mileage, some dating back more than a decade, such as the boom in high-rise residential construction in urban centers that has reduced or eliminated fuel consumption. car travel for residents; or the tendency to work from home at least part of the time, which also reduces commuting miles.

The increase in driving holidays during the pandemic has pulled in the opposite direction, which may now have been replaced by flying (domestic leisure traffic is on the rise).

Gasoline consumption is also highly seasonal, making it even more difficult to spot where demand destruction has occurred due to price and where unusual seasonal patterns might be at play.

Do you like to read WOLF STREET and want to support it? You use ad blockers – I completely understand why – but you want to support the site? You can donate. I greatly appreciate it. Click on the mug of beer and iced tea to find out how:

Would you like to be notified by e-mail when WOLF STREET publishes a new article? Register here.