USA Today weighs in on the controversial new CPSIA "lead law" and its devastating effect on the motorcycle/ATV industry in Tuesday's edition. The paper says the law is "killing off a multi-million dollar industry that was thriving despite the recession," knocking as much as 20% of the market out with the implementation of the law. According to the Motorcycle Industry Council, nearly 100,000 youth bikes were sold in the USA in 2008, while this year's inventory of bikes and parts was pulled on February 10, meaning that dealerships across the country are stuck with more than $100 million worth of product.
The report quotes Kawasaki spokeswoman Jan Plessner and the MIC's general counsel Paul Vitrano, along with several people affiliated with struggling dealerships across the country.
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