Motor Industry News
MyMotorCycleCheck.com top tips for used buyers Dec 2013:
Vespa GTS ‘great second-hand’ as nostalgia reigns at Motorcycle Live
MyMotorCycleCheck.com - the UK’s No.1 motorbike and scooter provenance website - has saved many thousands of people from making an expensive two-wheeled mistake. In these monthly bulletins its Valuation Team’s expert reveals significant trends in the UK market and suggests three wise buys.
- Highly desirable: BMW S1000 RR Sport
- Safe bet: Vespa GTS 300 Super
- Used star: Honda XL125 Varadero
MyMotorCycleCheck.com’s Rob Hobson, commented: “The BMW S1000 RR Sport is a joy to ride either on the track or on the road. If it had been launched as a very limited edition it would probably have got more attention, but it suffered slightly on launch due to oversupply in the dealer network. Any high spec late models hitting the used market now get snapped up very quickly. So long as you carry out a history check to ensure the one you’re looking at is what it claims to be – for instance, that it hasn’t been clocked and isn’t still on finance – then this is certainly a bike worth paying a premium for.
“In terms of scooters that hold their value, safe bets don’t come much safer than the Vespa GTS 300 Super. As ‘the name’ in the industry, a Vespa is an expensive outlay new, but they make a great second-hand buy. Any clean, low mileage example, which has had its initial depreciation, is a rock solid investment. It’s always worth checking to make sure it hasn’t been stolen or written off though, particularly when buying privately.
“For our ‘used star’ this month I’ve chosen the Honda XL125 Varadero. It is an expensive bike new, in the ultra-competitive 125cc learner-legal market, but you can’t argue with the finish or reliability. Used examples can be a fantastic buy, especially for taller riders. When it comes to negotiating on price, remember, as well as revealing a bike’s history, MyMotorCycleCheck.com also provides valuations – a great tool for haggling with dealers or private sellers.”
As to market trends, Hobson commented: “As the dust settles on another Motorcycle Live, the UK’s main bike show, it is interesting to reflect upon the overall feel of this year’s event. There was a cautiously optimistic atmosphere, with encouraging noises being made by a number of manufacturers.
“Virtually all the manufacturers represented featured heavily on nostalgia and their individual heritages – most had historical examples on display. Many have launched new models which draw on the past while offering more flexibility in terms of both usage and individual input. There is certainly a growing ‘back to the future’ movement.
“Some feel that the classic market may be at its peak, but the current trend, with bikes such as the Royal Enfield Continental GT and the return of the Yamaha SR400 single, offer opportunities to buy into the past with modern reliability.
“We know that this country has an ageing customer profile and, while more has to be done to generate new blood, this existing base has to be retained. There is a growing range of products which should do the trick: Honda continues to expand its footprint while Yamaha has the MT-09 and the surprise recent addition, the MT-07.
“One of the busiest stands belonged to Ducati. With the launch of the 899 Panigale it is clearly targeting Sports riders with what is said to be a more forgiving road bike. An aggressive promotion is apparently helping sales and, while its arrival may affect residuals of the 848, sales of its large engine stable mate, the 1199, are holding up.
“In general, any clean examples with FSH and low mileage are still in demand, although trade bids might often be low initially based on the time of year. That’s not to say there aren’t some real opportunities out there. We’ve seen some good bikes going pretty cheap.
“It has to be noted that there are some very strong retail campaigns and attractive finance packages out there, along with a significant amount of pre-registered new dealer stock in the market. As well as the obvious impact on late plate trade bids, the implications of mass pre-registering are felt well beyond the nearly new market.
“As this is the last bike editorial of the year, we would like to wish everyone an enjoyable time over the festive period and we look forward to an exciting New Year.”
Over the last couple of years, MyMotorCycleCheck.com, MyCarCheck.com and MyTextCheck delivered around delivered around 4.5m consumer checks including those via AutoExpress and WhatCar?.
We use up-to-the-minute data from the Police National Computer (PNC), the Driver and Vehicle Licensing Agency (DVLA), the Association of British Insurers (ABI) and major finance houses including Lloyds TSB and Santander.
Our information is trusted by the UK's leading brands. MyMotorCycleCheck.com’s parent company, CDL Vehicle Information Services, performs around two million look-ups a week for companies including CompareTheMarket, Confused.com, Go-Compare, Moneysupermarket, Swiftcover and Tesco Compare.
To help UK consumers make the right choice, MyMotorCycleCheck.com provides an instant snapshot of all the key vehicle information. For only £4.95 you can confirm whether your potential pride and joy has ever been scrapped, stolen or written-off, has any money owing on it, has had a plate or colour change and much more.
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