Australian retailer and wholesale distributor of motorcycles, parts, and accessories, MotorCycle Holdings forecasts an underlying EBITDA of between $14 million and $16 million for the second half of 2023 ending Dec. 31.

The projection is less than the $18.1 million reported in the same period in 2022.

The firm attributes the decline to the slowdown in wholesale sales of farm vehicles and increased competition, forcing stock levels to normalise across distributors.

The company said the factors and unfavourable broader economic conditions are causing margin pressures impacting all areas of the business.