Prices continued to fall throughout the month of August across most of the segments we cover in the motorcycle and powersports market. The amounts are not quite as large as last month though, due to the unusually steep declines in value we reported in July.
Our published used values for September are bringing the typical seasonal strength within the ATV and utility vehicle prices as they are beginning to appreciate as we near the fall season, when hunter and farmer demand drives up interest within the retail market and ultimately the whole market as well. The amounts are not great just yet, only a few dollars on average for the ATVs, and about .2% for the Utility Vehicles.
Snowmobiles are also starting to increase in value as cooler weather gradually inches its way toward us. They are up by $18 on average, or .4%, typical levels of change during August and heading into September.
The segments seeing the biggest declines are not surprisingly the street bikes, cruisers, and scooters. They are all down by roughly 3 to 4 percent, with scooters leading the way at -4.3%. Street bikes are down 2.9 percent, while the cruisers dropped a bit more at 3.3%.
The dual sport and off-road bikes are also down, but by lesser amounts of 1.2 percent for the dual sport bikes and 1.7 percent for the off-road bikes. One bright spot is the domestic V-Twin segment, where average pricing is down less than the overall cruiser market, and some of the smaller displacement units are actually up a little bit.
Activity at the auctions continues to be good, but values are taking a fairly predictable, if slightly larger than usual, drop as we head into fall. With the weather beginning to cool off a little bit, so have prices in the personal watercraft and jet boat segments. They are each down .9 percent on average. Overall we expect the majority of the units in the motorcycle and powersports market to show even greater levels of depreciation when we report back to you the first of October.
Watch the video: http://www.blackbookauto.com/video/beggs-on-the-specialty-markets-09-01-2014
