Go figure. Sales of light vehicles are lagging, yet the latest figures from an index of motorcycle and recreational and marine vehicle stocks are on the rise.
The Recreational Vehicle Stocks Index, which includes Winnebago [ticker: WGO], Harley Davidson [ticker: HOG], and Marine Products [ticker: MPX], among others, climbed 20% last month, according to investing web site Tickerspy.com. The index outpaced the S&P 500 by 12%, and Tickerspy’s Trucks and Auto Stocks Index by 25%.
According to Tickerspy, the strong showing stems from new product lineups at a handful of recreational vehicle companies.
Unless people are going to start driving their ATVs to work, maybe this is a sign that light-vehicle sales will be on the mend soon.
