Motor Industry News
MyMotorCycleCheck.com top tips for used buyers April 2014:
Chief Vintage, Z1000 SX & B-KING praised with IOM TT on the horizon
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: Indian Chief Vintage
- Safe bet: Kawasaki Z1000 SX
- Used star: Suzuki GSX1300 B-KING
MyMotorCycleCheck.com’s Rob Hobson commented: “For our highly desirable model this month we’ve chosen the Indian Chief Vintage. It’s early days for the rebirth of the legendary Indian marque but any used example is likely to command a relatively high residual value simply due to the scarcity. The Vintage is the standout model with its leather saddlebags and seat. 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 big cruiser 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 Kawasaki Z1000 SX. Any variant of this great versatile bike makes a lot of sense as a second-hand buy. It’s always worth checking the history, particularly when buying privately, but a well looked after Z1000 SX should retain its value following the initial depreciation.
“For our ‘used star’ this month we’ve chosen the Suzuki GSX1300 B-KING. This uniquely styled bike using the superb Hayabusa engine may not have sold in vast quantities new, but it retails well in the used market. 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: “Despite the incredibly wet start to the year, there have been bright patches. In fact, the weather has been kinder than the last two years in terms of ice and snow. This has certainly helped the two-wheel market.
“New bike sales were up nearly 4% by the end of February and, with good reports from the March new plate introduction, we expect to see continued growth once the final month end figures are published.
“We are of course heading into the prime buying season, with the start of the new race season and thoughts of holidays ahead. The IOM TT is just two months away! This event always prompts a clamour to either get an existing bike ready – fit new tyres, get a service and MOT etc. – or upgrade to something a bit tastier.
“There is a feeling that positive economic messages will filter through to buyers, although this may still take some time. Over the last few weeks, traders have noted that it is getting increasingly difficult to buy good used stock. Many dealers have a reasonable number of part exchange bikes, which have come in against March new plate machines, but once these sell replacing them looks like being more difficult than ever.
“With strong demand in the short term and a relative shortage of stock, values have increased again this month, although retail pricing is still fairly sensitive, which squeezes trading margins.
“Cruisers and big tourers always become more desirable at this time of year, although it’s pretty much across the board in terms of individual model mix. We have seen strong trade bids on Sports 600s in particular. The traditional buyer of these fits into the ‘seasonal’ category, so it will be interesting to see how these sales hold up later in the year.
“In general, it feels like the market is ticking over well. Most seem to think that used stock will remain tough to buy throughout the year. We don’t see any major market fluctuations in the immediate future.”
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