Motor Industry News
MyCarCheck.com/Trade Motorcycle Market Overview Oct 2014:
Good steady showroom activity across both new and used bikes
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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: “The bike market has continued to perform well over the past few weeks with good steady showroom activity across both new and used bikes. However, as is often the case, we’ve had dramatically different reports from both dealers and aftermarket suppliers. Some say footfall is non-existent, while others say they’re flying.
“We’ve eased back most values this month to reflect the expected reduced level of buyer demand and more stock becoming available as owners look to sell over the winter period. Above average examples are likely to hold their value well as dealers know that if they’ve got it, they can sell it, whatever time of year it is. A mild winter would be a massive boost to the market, allowing for a full year of strong trading.
“New bike sales to the end of August, immediately prior to the new letter introduction, were running at around 11% up on the previous year, with a total of 70,860 new bikes registered. While it is clear that Naked and Adventure Sport are the strong market sectors now, it should also be noted that all style categories are up on the same time last year.
“At the time of writing, month-end figures for September are not yet available, but we expect that the uplift seen throughout the year will have been maintained. Overall, the tone has been altogether more positive, but we’re at that point where the thought of getting out on the bike becomes less attractive for some.
“We therefore expect trade bids on used bikes to dip over the coming weeks, although dealers will continue to offer strong money to secure above average examples. The bottom end of the used market remains particularly strong, with most bikes in the £4000-£4500 retail range still good news for dealers. Anything used above that mark is more difficult.
“We are fast approaching that exciting time of year when new models are launched. Shiny new 2015 bikes will be promoted both in the press and at national and international shows. This will put a greater emphasis upon individual dealer stock levels and we can expect manufacturers to ramp up their activities to chase the all-important market share. Both of these are factors will have a bearing upon the used marketplace.
“Late plate used stock will be affected by increased incentives on new machines, while concerns over cash flow will temper dealers’ thoughts when considering incoming used stock. We operate in a flatter and less seasonally driven market now though, so we expect used demand to remain strong.”
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.
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.