As we completed the market study during October the powersports market is cooling down just like the weather in most parts of the country. Just about all of the segments we cover are declining this month, even a few of those which are normally showing a little positive strength at this time of year. Much
The changes in the powersports market this month are very similar to what we saw in September, so we are going to sound a bit like a broken record, for those of you old enough to remember a time before CDs and iPods.
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.
Even though prices are down versus last month, the percentage of units being sold has gone up. Sellers appear to be letting go of these units for less money, rather than trying to hold on to them as we head into the winter months. This could be a good time to stock up on inventory for next spring if you have the cash and storage space.
The only segment up this month is snowmobile, which is only increasing by an average of $11.46 per unit.
For September, prices in most segments we cover in the motorcycle and powersports market are down in a rather dramatic fashion.
As expected, the powersports market is currently undergoing a change in focus from selling street bikes and watercraft, which are warm weather units, to selling ATVs and utility vehicles as cooler fall weather approaches. Prices declined again during July, and the pace at which they are dropping for most segments has picked up compared to June.
What has been happening within the motorcycle and powersports market during the past month? Prices in the powersports market have peaked for the year. The normal high point for motorcycle and powersports pricing usually occurs around July 4 — before that, prices generally rise. After that, they begin to decline as dealers sell off their
The motorcycle and powersports market picks up right where we left off last month with numbers that look very similar to what we’ve seen in the previous couple of months. Values are up where they should be, but by very small amounts. Most segments (cruisers, off-road, on/off-road, scooter, street and utility bikes) are up between
Prices continue to inch upwards again this month. The surprising part is that the increases are by much smaller amounts than we have historically seen for this time of year. All of the bike segments are up by less than 1 percent. Cruisers and off-road bikes are up by .9 percent, on/off-road bikes are up
The powersports market is slowly but steadily inching its way upwards as spring finally arrives. The rate of increase is a little slower than normal, probably due to a still hesitant economy, but the overall seasonal trend is still upwards with one surprising exception. First for the bad news: snowmobile prices have dropped substantially, as