Sedona AZ (February 5, 2010) – Bill McArthur, General Manager of Sedona’s EagleRider in the Village of Oak Creek closed the doors of his motorcycle rental and sales business, January 31, 2010. Citing uncooperative immigration officials coupled with punitive banks that refused to extend and renegotiate credit, McArthur is headed back home to Canada.
A recent attempt in December by EagleRider to eBay a pre-owned mint condition Harley-Davidson motorcycle failed to attract any bids. The one-of-a-kind Harley bought for a mid-$30,000 price tag a few years ago was offered at auction for the reserve price of $13,000. It sits unwanted behind locked EagleRider doors.
Nationwide overstock and increased overseas competition, along with decreased consumer demand, continue to impact manufacturing and sales.
EagleRider USA is but the most recent business in Sedona and the Village of Oak Creek to fall victim to the global economic downturn and its impact on discretionary spending, dollars that Bill McArthur’s business and many others in Sedona and the Verde Valley must have to keep doors open, staffs employed and loans paid.
This article written and submitted by Sedona Times Publishing and SedonaEye.com staff reporter, C. Bentley Hill.
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