Tuesday, March 5, 2024
HomeNEWSGlass’s motorcycle market overview

Glass’s motorcycle market overview

Following an uplift in registrations in September, data published by the Motor Cycle Industry Association (MCIA) showed that registrations continued to grow in October, increasing by 0.8%. This reduced the year-to-date deficit to just 1.9% behind last year.

Whilst this is positive news, dealer feedback suggested that enquiries in October were generally behind last year. However, following two strong seasons, it was not unexpected that demand might ease. That said, some dealers have suggested the market has been more buoyant than it was in the pre-pandemic period in 2019, which is a positive.

Some dealers have suggested the market has been more buoyant than pre-pandemic

The Honda Hornet has been a strong seller, whilst the newly launched BMW R1300 GS is generating significant interest.

Dealers and manufacturers will be hoping that the 2023 Motorcycle Live show at Birmingham’s NEC will boost interest for the forthcoming season.

Used Motorcycle Feedback
Used sales and enquiry levels have been more suppressed recently, partly due to new machines being more readily available. Although demand remains consistent across the board, larger sports machines are struggling. An ageing riding demographic has led to some dealers observing an increasing number of consumers part-exchanging their larger and heavier machines for something lighter and more manageable. That said, larger adventure machines remain desirable, particularly for couples looking to travel overseas for riding holidays. Dealers continue to see a strong influx of offers from the public, with some being offered more than they are selling. This has likely been reinforced this year as consumers choose to sell their machines as a result of financial constraints.

Outlook
Following a very wet October, November started in a similar vein and now the clocks have gone back, daylight hours are nearing their minimum.

Taking this into account and elevated stock in the market, Glass’s expects values to continue to ease during the coming weeks.

Paul McDonald
Leisure vehicles editor

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