Monday, April 22, 2024
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Used market strong as new market in decline

Sales and demand in the used market held up quite well in November, although there were reports of a general ease as is typical for the time of year. Stock availability continues to improve with reports of more offers of machines from the public, and dealers are generally satisfied with their stock levels for now.

Although there is a good deal of uncertainty, the outlook for the used market through 2023 generally remains positive, with increases in the cost of living and interest rates potentially steering consumers towards the used market as a more affordable option compared to buying new. 

Outlook
Following an exceptionally mild autumn, December started on a much colder note, with ice and snow making for challenging conditions and generally keeping bikers indoors. However, considering prices remain strong for the time of year and show little sign of significant change, Glass’s expects values to hold up across all segments.

 

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