This Summer was the hottest on record for the UK, even surpassing the memorably sweltering summer of 1976. It was also drier and sunnier than average. Dealers benefited from this, with sales enquiries stronger than expected, leading to consistent month-on-month sales volumes.
For used motorcycles, stock supply is variable, with some dealers finding it challenging to find good quality machines, while others are more satisfied with their stock levels as autumn approaches. Quality 125cc geared machines remain the most difficult to source.
The naked category is very buoyant, with Triumph’s Street Triple proving particularly popular with consumers. Demand for adventure machines also remains strong, especially around the 650cc category. Royal Enfields are popular, and Triumph 400s are now entering the used market, generating strong interest. Meanwhile, larger capacity machines continue to see a reduction in popularity due to size and price.
New Motorcycle Market
The latest data published by the Motor Cycle Industry Association showed a market decline in August, with registrations 11.5% behind last year. Following an improvement in July’s statistics, this is disappointing, however the downturn was less significant than that seen between January and June. The adventure and scooter categories recorded growth for the second month in a row. Year-to-date registrations to the end of August were 17.2% behind last year.
Recent feedback from dealers suggests that the market has seen an uplift in recent weeks, supported by stronger summer sales, partly driven by attractive manufacturer offers. Demand is focused on smaller to mid-range machines, such as the Honda GB350 and BSA Bantam, as well as Honda’s big-bore Hornet 1000, which are all proving popular at the moment. Rising insurance premiums remain a major stumbling block, however, especially for riders in urban areas without access to a garage.
Outlook
Following the hot summer, September has started on a much more unsettled note weatherwise, with typical autumnal conditions and a notable reduction in temperatures. Many areas are seeing their first significant rainfall in months.
Glass’s expects values to ease slightly across most segments in the coming weeks as the peak season has now passed and daylight hours are diminishing.
Paul McDonald
Senior residual value analyst