The National Motorcycle Dealers Association estimates that the North American motorcycle rental market in 2005 could reach 4,000 to 5,000 rental units. This week, organization officials said they have signed a nationwide agreement to provide fleet motorcycle rental insurance for their association dealer members.
A division of MBA Holdings Inc. (MBAH) of Scottsdale, Ariz., NMDA was formed to assist motorcycle dealers in the U.S. and Canada in being professional, successful, and profitable through the offering of special services, products and programs. U.S. dealers willing to pay a $500 annual membership fee ($650 Canada) will be provided education and training; a voice at local, state and federal levels; and purchase power gained as a combined dealer association.
The new insurance program will provide dealerships with a rental fleet with liability and collision coverage and the rental software to run a motorcycle rental fleet business of selected rental V-twin cruisers and touring motorcycles. NMDA officials say the coverage will be underwritten by a noted international insurance company, with a United States A++ Best rating.
To contact the National Motorcycle Dealers Association (NMDA) for membership or rental insurance, go to www.nmda.us. The NMDA is located in Scottsdale, Ariz., phone number 480-391-9959 or e-mail us at Info@nmda.us.
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