Data published by the Motor Cycle Industry Association (MCIA) showed that registrations in August declined once again, this time by 7.1% compared to 2022. As a result, the year-to-date tally now stands 4% behind last year.
Recent feedback from dealers was fairly mixed, with more regional variability than was the case last year. While the numbers of enquiries were still reasonable, consumer spending confidence remains suppressed as a result of the rising cost of living. Also, in contrast to last year when the weather was hot and dry, it has been significantly more changeable this year, likely having a further negative impact on demand. However, despite this, a number of dealers had a positive month even though the period conflicts with the peak holiday season, which can often affect sales.
Demand continues to be steady across the board, with the Kawasaki Ninja 1000 SX and Honda PCX125 proving particularly popular currently.
Used Motorcycle Feedback
Used sales and demand during August were reported as being reasonable, with some dealers having a typically quieter month as expected during the peak holiday season, while other dealers were busier, reporting strong demand throughout the period.
Overall, the used market continues to be healthier than the new, with used machines appealing to consumers on tighter budgets. Stock availability continues to improve and is not too much of an issue, and is likely to improve further with an influx of part exchanges due to arrive in September on the back of new 73-plate registration models. The majority of dealers report that they are satisfied with their stock levels.
Demand for used machinery continues to be strong across all sectors, particularly mid-range machines in the 600cc bracket.
Outlook
Following an overall mediocre summer and just as the holiday season drew to a close, September brought a dramatic change to the weather with wall-to-wall sunshine and record-breaking heat during the first third of the month. In recent years, late summerlike weather has typically lengthened the season, and it will be interesting to see if this year follows suit.
Taking this into account and following an ease in residuals recently, Glass’s expects values to stabilise during the coming weeks.
Paul McDonald
Leisure Vehicles Editor