Motor Industry News
MyCarCheck.com/Trade Motorcycle Market Overview August 2014:
Values dip but sales activity still strong. Will it continue in Q3/Q4?
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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 the schools close for the summer break not only do commuter routes become that bit quieter, showroom traffic tends to slow as well. Sales activity often remains good, but just a little more patchy.
“Retail values have dipped slightly of late and we have reflected this in this month’s data. Trade bids are more conservative now and operating margins continue to be squeezed.
“With 54,000 machines registered by the end of June, the new bike market is currently 11% up compared to last year. Expectations are that this level of increase will now be maintained to the end of the year. If so, this will be hugely positive for the industry as it will mark the end of the post-summer slumps that have blighted recent years. All style sectors continue to show sales increases over last year, with the Naked style achieving a massive 37% increase.
“The used bike market continues to be strong. While dealers are still eager to buy, they are being a little more selective on both model and condition, keeping a keen eye upon their own model mix and stock holding.
“With stock moving quickly earlier in the year, there was a short period when the trade was willing to pay a bit more for models such as the Suzuki Bandit and CBF Honda in order to fill showroom spaces. We can now see that there is less demand for these bikes and trade bids have weakened.
“There is strength in the Sports market. Most straight and honest 600-1000cc Sports bikes with all the right mods and full service history are changing hands quickly, be it privately or through the dealer network. The likes of Suzuki GSX-R1000 K5 and K6, and to a certain extent early straight R1 and 929/954 Fireblades, are making surprisingly strong money.
“We’ve had some good news from the Motorcycle Industry Association (MCIA) with regards to the tagging scheme and its potential to reduce two wheel vehicle theft. Unfortunately, we’ve also had some sobering new statistics surrounding the decline in the number of younger riders taking the Motorcycle Test.
“The latest change to the licensing regulations, which sees younger riders restricted to A1 category machines, is obviously having a detrimental effect upon training. This trend needs to be highlighted to the relevant authorities before it has a negative effect upon rider safety.”
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 motorcycle, car or van 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 35 years’ experience in used car valuations. After a decade running a franchised dealership he spent 20 years at CAP where he was Senior Editor of the Black and Red books and co-founder of the Green book, then two years as editor of Parkers Guide before co-founding VIP Data valuation services.
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.