The powersports market typically reaches its peak in value in the summertime, and this year is no exception, said Ricky Beggs, editorial director at Black Book.
Beggs, in his monthly podcast, said auction prices have increased nominally throughout the month of June for used motorcycles, ATVs, scooters and personal watercraft.
“The small percentage changes from last month indicate the market is most likely headed for a smooth landing in the next few weeks, before prices begin to start heading lower as the summer selling season winds down,” Beggs said.
Leading the way are off-road bikes, which saw a price increase of 0.6 percent. ATVs, personal watercraft, dual sports, cruisers, street bikes and scooters are each up 0.4 percent. Cruisers saw the largest increase by dollar amount, of roughly $33.
Utility vehicles and domestic V-twins are up 0.3 percent.
“Activity at the auctions continues to be solid overall, and we expect to see the market start to turn towards the more popular and active fall units, the ATVs and utility vehicles, very soon,” Beggs said.
Unsurprisingly, auction prices have dropped 1.1 percent for snowmobiles.
“Not too much should be read into this, as most snowmobiles are in storage at the moment, and auction volume is extremely limited,” Beggs said.