Motor Industry News
Seasonal adjustment to used values as new sales continue to grow
“Demand held up well during August and new plate should provide a boost” - Rob Hobson
My Car Check 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, moped and scooter markets.
My Car Check Trade’s motorcycle expert, Rob Hobson, commented: “Despite the rather wet summer, the new bike market continues to grow. It was up 72,238 to the end of July, a 13.1% increase on the same period last year. The general feeling is that demand held up well during August, and September’s new plate should provide a further boost.
“The naked and adventure sport sectors are both recording strong growth. Combined, they now account for around two-thirds of the entire new market. It is also worth noting that the sports style category is showing an 11% increase (equating to an additional 900 units registered), while the touring and sports tour sectors are both down.
“The PCX125 Honda Scooter tops the overall sales chart by model, with the Yamaha MT09 Tracer and MT07 ABS both significant in the market. Ducati has carved a good niche with its Scrambler variants.
“July’s statistics provide an interesting snapshot of how the market has changed. While it is no surprise that Honda and Yamaha still top the manufacturer sales table, surely few would have predicted five years ago that they would be followed by Lexmoto and BMW. With Suzuki and Kawasaki behind Triumph and just above KTM, Piaggio is in danger of falling out of the top ten.
“The success of the naked and adventure sport sectors is reflected in the used market, although traders report something of a lull in recent weeks. While there were deals to be done, particularly for top end examples, many noted a lack of good clean stock to replace it. There is a feeling that fewer bikes are being offered for sale and those that are tend to have a story behind them.
“We have reduced most used values slightly this month, which is normal for the time of year, and we don’t see any major changes in the short term. Have you seen the online adverts offering to ship bikes from Europe to the UK? The phrase ‘coals to Newcastle’ springs to mind after years of sending our best stock to the continent.”