Sales and demand for used machinery were generally buoyant in February across all motorcycle segments. Smaller capacity machines remain in high demand together with scooters, naked and adventure machines. As with new bikes, dealers are cautiously optimistic for 2023, with used machines providing a more affordable option given the cost of living challenges facing many customers.
Dealer stock levels are overall satisfactory, with some dealers now having their highest levels of stock for three years and a further influx of machinery was expected to arrive during March from part exchanges.
Turnover remains rapid for some dealers, with most reporting at least a stronger position compared to last year.
Outlook
Despite marking the official start of spring, March started on a cold and wintry note with snow and ice across many parts of the country. But the changing of the clocks and rapidly increasing daylight hours will encourage more riding, and this leads Glass’s to expect market prices to remain firm across all segments in the coming weeks.