Motor Industry News
It always seems like a frustrating time of year for the Two Wheel market that as the weather changes and darker nights draw in, then manufacturers begin to unveil their latest new models to the world. Many were revealed at the Cologne Show in the middle of last month but will be on display again at the EICMA show in Milan, followed by their UK debut at the NEC later this month. Not surprisingly, the pick of the new models fall into the Adventure Sport categories rather than the previously all important Sports sector. This echoes the shift in market dynamics. BMW have their all important re-designed R1200 GS which is already under serious pressure from other manufacturers in a sector they created and is now pitched against the highly successful Triumph Explorer and a real contender in the new 1190 KTM.
Kawasaki has two new models of note with the Z800 which will come in two guises, one of which will be an E version built to 35kw output and suitable for the A2 licence regulation. The other is a new Ninja 300cc, another category in which many are pinning their hopes on growth. One other bike which has real significance for the future is one from the Chinese firm Loncin. This uses an engine which they already produce for BMW and is fitted in the G650 GS. It heralds the arrival of bigger capacity motorcycles from Chinese manufacturers following phenomenal growth and acceptance in the lightweight sector in this country.
As we approach the back end of a rain soaked year which started with hose pipe bans, then the New market continues to track almost flat compared to last year. The last few weeks have in truth not been all that bad, with dealers reporting fairly decent levels of business, obviously this is by no means sufficient to have any major effect on the year as a whole, but it has helped to keep the market moving.
Whilst there are of course more people looking to sell their bike as the season ends, there are buyers in the market and as such values have held up better than expected. Everyone is looking to keep a keen eye on their stock levels and this creates an individual decision basis on any used stock bought in. The real focus is on the £2000 to £4000 retail sector as this is where most interest stands. Late plate and pre-registered stock is of concern in the trade as these need to be retailed quickly to ensure that they are not carried over the winter period.
This month sees our value database extended, now covering bikes back to 1995 model year. This also gives a far greater spread of model coverage. Values have been eased back slightly overall this month to reflect a general weakening of demand over the next few weeks although a few individual models have seen bigger drops based on greater availability and less demand. No one underestimates the pressures that the next few months will bring and whilst it may be clutching at straws, then a mild period of weather must be hoped for to at least keep things ticking over.