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Increased demand drives October off-road auction prices

The off-road category increased in average sales price (ASP) at auction in October, driven by higher retail demand, according to a report National Powersport Auctions provided Powersports Finance.

Side-by-sides experienced the most growth in ASP, rising 9% year over year. Motocross (MX) followed closely behind, increasing 8.9% compared with the same time last year. ATV auction prices rose 3.7% year over year.

In addition to increased demand for off-road vehicles, a “short supply of quality used inventory” was a driver in higher auction prices, NPA Business Development Manager Tony Altieri wrote in the report.

Meanwhile, the dual sport segment saw the largest price decline among all the categories, dropping 7.9% year over year. The overall condition of dual sports units sold in 2019 was rougher, and average mileage higher, than on 2018 models, according to the report.

Metric cruiser and sport bike prices increased 1.6% and 1.3%, respectively. Domestic cruisers saw a dip in pricing, falling 2.1% year over year.

via NPA

Matthew Wood

Matt Wood is the Associate Editor of PowerSports Finance, where he is responsible for covering all the latest news, trends, and innovations with powersports lenders and dealerships. Previously, Matt was a writer for Auto Finance News before switching full-time to PowerSports Finance. He is also an experienced entertainment news writer covering pop culture, movies, and TV shows. Matt received his Bachelor’s degree in Communication from Rowan University in New Jersey.

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