Motor Industry News
MyCarCheck.com/Trade Motorcycle Market Overview July 2013:
Bike sales rally as moped sales plummet – prices ‘more negotiable’
- Unlimited car, van & motorcycle valuations for £99.99+VAT a year
- Accessible via smartphones and desktop
- For further details visit: www.mycarcheck.com/trade
MyCarCheck.com/Trade is the trade valuations arm of CDL Vehicle Information Services. Based on cutting-edge industry data and feedback from independent and franchised dealers, these monthly bulletins highlight the most significant trends in the UK motorbike and scooter market.
MyCarCheck.com/Trade’s motorcycle expert, Rob Hobson, commented: “As we move into the second half of the year the overall picture is fairly confused. New bike sales have rallied a little over the past few weeks, running about 6% down on the same point last year. Perhaps more concerning is the slowdown in the scooter market. Although the 125-650cc sector has recorded growth in the region of 10%, moped sales are really struggling, down almost 22% on the year to date.
“The weather has been kinder recently and this has certainly helped sales. However, there are signs that we are at the critical point in the year when demand begins to slow; bikes tend to have been bought and readied for holiday trips by now, and the magnificent sun-drenched TT has passed for another year.
“While retail sales are expected to remain buoyant for the immediate future, particularly if the weather holds, some dealers have already started to look closely at their stock holding – thinning things out in terms of duplicates and over-age stock. With this in mind, July could be an ideal time to buy for retail customers. However, just about any standard clean bike with full history is likely to be in demand due to the limited numbers available, protecting values.
“Many used bikes being made available have noticeably higher mileage, partially due to owners keeping them slightly longer than in the past, but perhaps more due to the number of top end ‘cream of the crop’ used bikes being exported. These provide much needed and often substantial revenue for the trade, but the black hole in terms of the UK used bike pool is increasingly concerning.
“As always, we remind buyers to take care in qualifying a bike before handing over any cash, especially if buying online. A picture can tell a thousand lies – that mint bike with standard can could have been taken at any time, perhaps before a big spill or a track day. Asking the right questions and checking the history and value before travelling could save you a lot of time, money and hassle.
“For July we have made selected reductions to values. As mentioned, the gap between the sought after top-notch retail stock and the somewhat less desirable high-mileage options is likely to widen as the year progresses. Ticket prices are clearly going to be more negotiable and it could be a very good time to buy.”
MyCarCheck.com/Trade provides buyers and sellers with all the vehicle price data they need: ready to retail, trade, average, retail and Cat D. As a free bonus, it also provides the annual road tax cost and key DVLA information, including the make, model, colour, engine size, body style, fuel type and date of registration.
Simply enter a car, van or motorcycle registration and the vehicle’s mileage to get an accurate valuation and additional information in an instant. Once signed up you can check as many vehicles as you like at no extra cost.
The MyCarCheck.com/Trade team includes:
Gavin Amos has 15 years’ experience in the used vehicle sector. After starting out at CAP he worked in several dealerships, progressing into management. He has hands-on experience of sourcing and disposing of stock, both to trade and retail customers.
Alan Senior has spent 34 years in used vehicle valuations. In 17 years at CAP he was Senior Editor for both the Black and Red books.
David Hill specialises in LCVs. He worked with Renault, LDV and Isuzu Trucks before spending 10 years as CAP’s Light Commercial Vehicle Editor then 5 years as national used vehicle sales manager for Iveco. He joined CDL in 2011.
Rob Hobson specialises in motorbikes and scooters. After leaving a dealer role to launch CAP’s Green Book, he worked in business development for Piaggio.
Gerry Clancy specialises in motor auctions. He has been selling trade valuation products since 1997 with both CAP and Glass’s.