NPA shares 2009-2011 sportbike value data

Publish Date: 
Jun 24, 2012
By Arlo Redwine

NATIONAL POWERSPORT AUCTIONS, in conjunction with the sportbike focus of our June issue, opens its books to share how values of sportbikes have changed in the past three years.

The charts below are based on more than 40,000 wholesale sportbike unit sales through NPA’s live auction and eSales channels from January 2009 to December 2011. The statistics include all repossessed and dealer consignment pre-owned units. They exclude all OEM noncurrent units as well as insurance-company-provided units and other low-quality units.

Regarding unit volumes, NPA notes that wholesale volumes are driven by supply, not demand. Everything supplied to NPA is sold regardless of market conditions. Conversely, wholesale prices tend to reflect market conditions and are driven by demand, not supply.

Based on the data below, NPA draws the following conclusions:

  • As one would expect, value retention for all sportbikes declined with model year as the units depreciated. More specialized, less common models tend to retain their values better.
  • Wholesale volumes were impacted by drastic declines in new-unit retail sales, as well as reduced financing in the wake of the financial crisis. Wholesale supply has tightened as a result. Overall sportbike volumes declined 30 percent from 2009 to 2011, with repossessed unit sales down 55 percent.
  • The ratio of dealer consignments to repos has increased due to both declining repos and the fact that more dealers have learned the auction process. Organic growth in dealer consignment units has helped offset other economy-driven reductions in product supply.
  • Sportbike models with 600cc engines are the most commonly sold at wholesale, followed by 1000cc models.
  • From 2009 to 2011, 600cc model sales declined slightly, and 1000cc sales increased slightly. Sales of 750cc models were relatively flat.
  • 2007 model year units were the most common from 2009 to 2011, largely due to high retail volumes sold and credit quality that year.
  • Average model age for wholesale units has grown from about 2 years to about 4 years at time of sale.
  • Sportbike wholesale prices tend to be highest in mid-spring and lowest in the summer and winter.
  • Sportbike wholesale prices fell through 2009. Sportbike wholesale prices increased year-over-year and were more stable in 2010 and 2011.