The trend of middle-aged men spending large amounts of cash on fast cars and big bikes isn’t likely to end, Matt Levatich, the president and CEO of motorcycle manufacturer Harley-Davidson told CNBC.
Speaking to CNBC’s Squawk Box, Levatich disagreed with the suggestion that the market for luxury vehicles was drying up, but was instead just a sensible reaction to volatility in world markets.
„I think people are pulling back. There’s uncertainty in the global economy,“ Levatich told CNBC. „Fundamentally, people want to live. People want to discover the things they knew, when they were young, made them feel alive.
„They’ve got more money, they’ve got more time and they want to live.“
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