Dual sport bikes outpaced other vehicle categories for the largest increase in average sales price (ASP) at auction year over year, according to data National Powersport Auctions provided Powersports Finance.
ASP for dual sport bikes rose 14% in February. Though dual sport bikes is one of the lowest volume powersports categories, it saw the largest growth in price last year, rising 12% compared with 2017.
Other vehicle categories that increased in February include motocross (MX), sport, ATV, and UTV. The four segments rose in a range between 2% to 5%.
For More Data: January Auction Volume Drops for All Segments But Off-Road
Domestic and metric cruisers were the only categories to decline, though the drop-off was in line with seasonal trends, according to the report. Metric cruisers decreased about 5%, while domestic cruisers dropped about 10%.
ASP growth was “mixed” when compared with January, the report said. For example, three vehicle categories rose more than 5% in January compared with one category in February. Rather than a decrease in demand, bad weather was the driving factor of February’s ASP, according to the report.
“We feel the dip in ASP for some categories has more to do with the abnormal weather in 2019 rather than a decrease in demand,” the report said. “As the snow melts, prices will rise and fall in line with the 5-year trend.”Like This Article