Hmmm. That must be what happened on my kids' ATV. The tail light is a bunch of LED bulbs. This is a chinese ATV, so quality is lacking in every respect. Some of the LEDs quit working, after a few weeks, and now a few are starting to flicker, as well. At first, I thought perhaps the rubber seal had leaked, but maybe not. The ATV is about 4 months old, now.
I'm wondering about the LED's on my Fiero, because the source may dry up, so I was considering getting spares. At one point, I was getting stuff in anticipation of having a second Fiero, but that probably won't actually happen.