GAINESVILLE, Ga. - The editors at Black Book/National Auto Research continue to see decreasing values for almost all motorcycle/powersports segments, but the declines are less dramatic this time around, according to managing editor Rickey Beggs.
According to Black Book's Specialty Market Report, decreases in October "are more in line with normal seasonal trends, though we are still seeing a very weak market overall, continuing the pattern we have seen for most of 2013," Beggs reported.
Compared to the previous month:
- Street motorcycle values are down 2.5 percent;
- Dual-sport models dropped 2.3 percent; and
- Scooters are down 2.6 percent.
"This translates into about $188 for the street bikes, $118 for the dual sports, and only about $50 for the scooters," Beggs stated.
Cruisers were down 3.3 percent vs. September, with domestic V-twins "dragging down the overall segment average," Beggs reported. "Even though they are not broken out separately, they are down around 4 to 4.5 percent."
In the off-road market:
- Dirtbikes are down 3 percent;
- ATV values dropped 2.6 percent; and
- Utility vehicles are down 2.2 percent.
"These last two segments are where we see the overall weakness in the market the most, as these units were up slightly last month," Beggs said. "The ATVs and the other utilities should both still be increasing in value based on the time of year, but are not."
Snowmobile values should be increasing as much of the country approaches winter, but they're not increasing much: 0.26 percent or $11.46 per unit, he said.
"One particularly important item we would like to point out this month is that the variability in pricing from one auction to another has increased recently. This is primarily a result of volume and mix consignment along with having the right number of sincere buyers for the inventory being offered. Specifically, the reduced volumes of new units sold from the 2009-2011 model years has led to reduced numbers of units available at all the auctions," he noted.
Posted by Mary Slepicka