Motor Industry News
MyMotorCycleCheck.com top tips for used buyers March 2014:
Explorer, YZF-R125 & V7 Racer praised as main season approaches
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: Triumph Explorer 1215
- Safe bet: Yamaha YZF-R 125
- Used star: Moto Guzzi V7 Racer
MyMotorCycleCheck.com’s Rob Hobson, commented: “The Triumph Explorer 1215 has fitted nicely into the important Adventurer sector. It has sold well new and examples with all the extras fitted are a brilliant used choice. 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 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 Yamaha YZF-R 125. A top performer in its sector, there are always a fair number about in the used market. Be warned though, many have collateral damage in terms of rider neglect or crash damage. It’s always worth checking the history, particularly when buying privately, but a well looked after YZF-R125 should retain its value when you come to sell it on.
“For our ‘used star’ this month we’ve chosen the Moto Guzzi V7 Racer. The sweet Italian V twin engine should attract more people. In particular, the Racer version with classic styling is a great used option. Haggle a bit and you should be okay on resale value once you’ve had some summer fun. When it comes to negotiating, 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: “March means the introduction of another new registration plate. 14-plate bikes are rolling out of showrooms and it will be interesting to see how the final month end numbers look. Early reports are mixed as usual, but generally sales levels are said to be good.
“The MCN Show at London’s Excel attracted strong attendances throughout its three days – the perfect way to kickstart the season. Early sales figures for January showed an increase of more than 10 per cent for the new bike market compared with last year. Accepting that we did have snow across the country at this time last year, this must still be seen as a positive sign.
“With the main season now approaching, trade bids have naturally increased. Demand is strong across the whole range of bikes, from scooter to superbike, and condition and mileage continue to be the biggest factors. You have to pay slightly more for most things, and much more for the cream of the crop.
“Adventure style and touring may well be the driving force in the new market, but there is still strength in the sports bike market, especially the £3,000-£6,000 retail sector. Their relative scarcity (with significant numbers exported or crash-damaged) means that proper clean bikes with FSH and average mileage are very much in demand. Sports 600s are a case in point. Demand has definitely changed from previous years, but used examples still command strong money in showrooms.
“The first round of the new race season coincides with the start of the prime selling season. We can only see values remaining strong for the immediate future. There are signs that owners have been hanging on to their bikes that bit longer and this is reflected in higher average mileage. However, there does come a time when the need to change becomes overwhelming. Sunshine and dry roads are what’s needed, so let’s hope for a prolonged spell of good weather over the next few months.”
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 into: MyMotorcycleCheck.com