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Glass’s motorcycle market overview

Following two months of growth, data published by the Motor Cycle Industry Association (MCIA) showed that registrations declined by 5% in November compared to 2022. The year-to-date deficit now stands 2% behind the previous year. However, 2023 has already overtaken 2019’s pre-pandemic registration tally, with 0.8% more machines recorded. Considering economic challenges and ongoing cost of living issues, this should be viewed as positive news.

The new BMW R1300 GS continues to be a hit with consumers, with dealers reporting solid sales. Meanwhile, the new Triumph Speed and Scrambler 400 models have also been well received, with forward orders already being taken.

The 2023 Motorcycle Live Show took place at its usual venue, Birmingham’s NEC, between November 18 and 26. Feedback suggested that the first weekend was well attended with strong enquiry levels on new models. Although most manufacturers reported 2023 to be a tougher year as expected, with 2024 likely to be similar, the general vibe was positive. The show itself had a thriving atmosphere with plenty to keep the crowds entertained.

Used Motorcycle Feedback
Used sales and enquiry levels during November were fairly typical for the time of year, with variable demand but overall quieter than in recent months.

Demand was reasonably consistent across the board, particularly for mid-range machines, appealing to many due to their relatively lighter weight. As has been the trend in recent months, offers from the public were more plentiful compared to last year and most dealers are satisfied with their stock levels.

As dealers look ahead to the 2024 season, the outlook is uncertain. However, with ongoing reduced consumer confidence, the used market will always be a strong option for those on a tighter budget and not wanting to commit to a new purchase.

Outlook
Following another wet autumn, the UK had its first taste of winter in late November and into early December, with frost and ice for many and snow for some. Taking into account the time of year and following a significant reduction in residuals recently, Glass’s expects values to level off in the New Year.

Paul McDonald
Leisure Vehicles Editor

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