Motor Industry News
MyMotorCycleCheck.com top tips for used buyers February 2014:
HP4, Bonneville & Shiver 750 praised as planners assess bike benefits
MyMotorCycleCheck.com - the UK’s No.1 motorbike and scooter provenance website - has saved thousands of bikers 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 HP4
- Safe bet: Triumph Bonneville
- Used star: Aprilia Shiver 750
MyMotorCycleCheck.com’s Rob Hobson, commented: “Due to the relatively small number sold new, it is incredibly rare to find a BMW HP4 in the used market. If you do find one, it is a great bike to own. 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 bikes that hold their value, safe bets don’t come much safer than the Triumph Bonneville. Pick your favourite variation – they can all make a great used option. Any clean, low mileage example, which has had its initial depreciation, is likely to be a decent 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 Aprilia Shiver 750. This is a bike which for some reason just doesn’t sell in the numbers it deserves to. Have a proper test ride, think about how good it looks, and suddenly the Shiver 750 is up there alongside much more expensive options. 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: “This is going to be another interesting year for the motorcycle market. There are without doubt positive vibes around the trade. Some dealers are even reporting light at the end of the tunnel! 2013 new bike registrations finished the year just under 2% down on the previous year, with a total 91,910 registrations. This gives credence to the belief that the new market has stabilised and is set for a period of growth.
“There are a number of great initiatives around which can only benefit the trade. Wheels To Work has financial backing and real impetus, and this is not the only sign that decision makers might finally be accepting that motorbikes and scooters deserve a place in future transport planning.
“A recent conference, including representatives from the Motorcycle Industry Association (MCIA), the police and various government bodies, set out an agenda with the working title: ‘More motorcycles on the road would increase driver awareness and therefore reduce accident statistics rather than increase them’. This kind of significant development should ultimately see many more people switching to powered two wheels.
“The used market doesn’t seem to have had the usual sharp dip for the time of year, and both values and demand are fairly strong. Most dealers agree that their stock levels are lower than they would ideally like, partly due to the difficulty in buying sufficient stock at the desired price.
“There is concern, even expectation, that used stock will again be thin on the ground later in the year. While dealers would like to be in a position to buy wherever possible, too much of what is currently available is of high mileage and in non-retail condition. The weather will undoubtedly have a bearing upon how the market fares over the next few weeks.”
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.
Know what you’re getting onto: MyMotorCycleCheck.com