ChopperExchange Releases 2017 V-twin Industry Pricing Report
The report shows a softening in demand within the American V-twin market within the past year. Asking prices have fallen by 1.5% and 1.2% for used and new bikes, respectively.
Summer Wholesale Pricing Has Arrived
Summer Slide It’s official – summer wholesale pricing has arrived. Average Wholesale Prices (AWP) declined for most major powersport product categories in June, right in line with typical seasonal behavior. Compared to the prior three months, domestic cruiser AWP declined 7%, metric cruisers declined 12%, sportbikes declined 2% and off-road was roughly flat except for
Trevor Nicely Joins National Powersport Auctions’ Sales Team
NPA has added experienced professional Trevor Nicely to the team as regional sales manager. Most recently with Clem’s in Enumclaw Powersports, Nicely is now serving the needs of all dealers in the Pacific Northwest.
Passing the Spring Peak
While pre-owned powersports unit sales continue to be a shining star for dealers, the wholesale market has crested its peak. Dealers are still in their selling season and need good inventory from the auction, but they are maintaining their inventory levels rather than building up in anticipation. This is typical for May as the market
Copart Acquires National Powersport Auctions (NPA)
Copart, Inc. (www.copart.com) announced that it has acquired Cycle Express, LLC, which conducts business primarily as National Powersport Auctions (NPA). NPA currently operates facilities in Atlanta, Cincinnati, Dallas, Philadelphia, and San Diego.
Pre-Owned is Heating Up
Average Wholesale Prices (AWP) rose again in April, in many cases outpacing average prices from the same time last year. Dealer appetite for comparable product rose again in April for all categories as consumer demand continues to rise as we near the peak of the selling season. Many dealers report that they can’t get enough
Southwest Superbikes: Wins The Auction Game
When playing Texas Hold ‘Em poker, a player is dealt two “hole” cards face down, then there is a round of betting where you can check, bet or fold. When all the betting has finished, three shared cards are dealt face up in the middle of the table. More betting, bluffing and BS take place
Auction Action: Pre-Owned Heats Up
As Bob Dylan noted, the times they are a changin’ – and if you aren’t tuned into the pre-owned market, you could be left singing the blues! According to the Motorcycle Industry Council (MIC), new unit sales were off -2.7% for motorcycles and -4.7% for ATVs in 2016. As a direct consequence, the pre-owned space
Stronger Demand Drives AWP Up In March
Pre-Owned Is Heating Up Dealers around the country are reporting strong consumer demand for pre-owned vehicles. Average Wholesale Pricing (AWP) for March is up as a result, with notable price increases in almost every product category. Domestic Cruisers saw the biggest increase, up 11% over the prior three-month average, reversing last year’s softness as dealers
Average Wholesale Prices Pick Up Steam in Feb.
It seems 2017 is off to a good start. The wholesale powersports market picked up steam in February with Average Wholesale Prices (AWP) trending further up from the prior three month average. The western U.S. markets caught up with the eastern U.S. markets, and dealer participation grew as everyone prepares for spring. Although prices were
December AWP Remains In Sync With Prior Year Norms
As 2016 crosses the finish line, Average Wholesale Pricing (AWP) remains in sync with prior years’ norms. Slight upticks occurred in Domestic Cruisers and Side-by-Sides, and slight declines occurred in Metric and Off-Road products. Dealers’ wholesale appetite for product varied across the U.S. in December, but overall these trends are typical for the end of
Wholesale Prices Up In Most Categories vs. ’15
[dropcap]O[/dropcap]ctober frequently brings to mind images of goblins, stock market crashes and pre-election fear-mongering. Thankfully, Average Wholesale Prices (AWP) this October were nothing of the sort. Prices in general were flat to slightly up over both the prior 3-month average and the prior year averages. Compared to the prior three months, Domestic Cruisers rebounded from