statistics

The IIHS: When a New Study is Not New and Not a Study

By Gary Biller, NMA President Every two or three years, the Insurance Institute for Highway Safety (IIHS) splashes the media with a recycled report of how many deaths have occurred due to raised speed limits. And reporters dutifully echo it as gospel because sensational headlines like, “Speed limit increases are tied to 37,000 deaths over 25 years,” grab attention and generate views. That is the current press release title from IIHS for a just-issued report that is a rehash of a similar effort from 2016. The claim from the insurance industry advocacy group made back then, with uncanny precision for a methodology based almost entirely on assumption and extrapolation, was that 32,894 people died from higher speed limits since the 55 mph National Maximum Speed Limit (NMSL) was repealed. This skeptical review of that IIHS claim three years ago could serve just as well in critiquing the 2019 IIHS repeat of the “speed kills” mantra. Perhaps my favorite quote in the current reporting of the IIHS release is this from Axiom’s “Slow the hell down:” “ ’Every time you raise speed limits, you see more deaths,’ said IIHS vice president for research and statistical services Charles Farmer.” It isn’t necessary to stretch our advocacy muscles even a tiny bit to show this as provably false. The National Highway Traffic Safety Administration’s Fatality Analysis Reporting System Encyclopedia publishes annual highway fatalities rates. Speed limits have climbed steadily since the full repeal of the NMSL in 1995, commonly reaching 75, 80 and even 85 mph, and yet fatalities per 100 million vehicle miles traveled have plummeted: 1995                1.73 2000                1.53 2005                1.46 2010                1.11 2015                1.15 The 2017 fatality rate of 1.16 marks a 33 percent reduction over the past 22 years. Mr. Farmer sees statistics differently than most, but then again, […]

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U.S.A. Now Has More Millionaires Than Sweden Has People

FROM: www.FunTagger.com Tag – Good news USA continues to prove that it is indeed the “Land of Opportunity” – “The Promised Land” – a place where anyone with true enterprise can achieve “The American Dream”. The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s an increase of 2.5 percent from 2017. READ News Story at: FunTagger.com by Clicking here

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No silver bullet in sight for Enfield hit by sliding volume

The Eicher Motors stock fell 30 per cent in the past year. The Bullet, it appears, is just not firing on all cylinders at the moment. Royal Enfield (RE) sales are rather soft, and state-wise volume statistics furnished by industry body SIAM show that the bike that defines panache for motorcycle enthusiasts in India is riding through a rather rough patch. Eight states that make up three of every five RE bikes sold locally have reported deceleration. Maharashtra and Karnataka together account for 13 per cent of RE volumes, and these two states have seen a drop in 6-7 quarters of the past nine. Kerala, the largest market of RE, has witnessed volume drops of 13 per cent and 23 per cent in the September and December quarters, respectively. The September decline is attributed to floods. But declines in the December quarter have put the lens on underlying demand. Industry volume growth of twowheelers in south India was 9.5 per cent in the first nine months, up from 5.6 per cent in the previous year. However, RE’s sales volume growth in the Southern states has been underwhelming. The RE management has given production guidance of 8.7-8.8 lakh units for the current fiscal year. However, it is unlikely to be met. Average monthly run-rate of RE in the first 11months of FY19 stood at 69,569 units. To achieve the stated guidance, the company needs to produce 1.04 lakh vehicles in March. This appears to be quite a daunting task given the weak demand cycle. The Street is factoring in volume growth of 10 per cent for FY20, which could be trimmed due to about 3 per cent growth in FY19. The Eicher Motors stock fell 30 per cent in the past year following constant negative surprises on the volume front. The

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Threesome Report: Make Some Room, Trike Riders Don’t Ride Alone

TRIKE NEWS Adventures on a Ural, Autocycle madness, 2019 Freewheeler, Deals, Offers, Discounts. Tracy Getty, a World War 2 historian shares the chair, lighting up sparks of love with a Ural sidecar motorcycle. Tracy and her ride named “Wildcat” bring joy to people who never knew what three-wheels and a smile could do. We bring you a basic background on the craziness of Autocycles and how it is affecting motorcycle industry, riders, insurance and legislation. While there are companies that want a motorcycle classification to avoid car crash testing expenses, there are others who want true innovation and a new understanding of where Autocycles stand in State and Federal law – and it is all really unsteady despite having more than two-wheels. Harley-Davidson Freewheeler has a 2019 model that rocks. You can own a Ural or a Slinghsot for incredible deals on 2018 models. If you are an actual Trike lover with custom trike business or a custom trike, you would want to know what the financial and legal implications (pronounced as complications) are going to be. READ IT AT Trikes.Bikernet.com NOW

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