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March Auction Prices Rise for Off-Road Segment, Drop for Metric Cruisers

Metric cruisers saw an 8.2% decline in average sales price (ASP) at auction year over year while the entire off-road segment saw growth, according to a report National Powersport Auctions provided to Powersports Finance.

The ASP decline for metric cruisers was primarily driven by consumers buying more older model year vehicles than in the previous year, the report said.

Metric cruisers saw the most significant decline of all the categories. It was followed by dual sport bikes, which declined 2.2% year over year. Meanwhile, sport bikes prices were relatively flat, dropping 0.3% year over year.

For More Data: March Dirt Bike Volume Grows 30% at Auction

The rest of the categories saw growth in ASP as dealers enter the peak retail season. Off-road vehicles posted a “substantial rise” in ASP, the highest of which — 16.2% — occurred in the motocross (MX) segment, the report said. ATVs grew 7.4% in ASP, and side-by-sides rose 5.1% year over year, with the report noting that it “will be interesting to track how this trend continues” as we enter into the summer buying season.

Domestic cruiser ASP, which includes brands like Harley-Davidson and Indian Motorcycle, had “similar results.” Prices at auction rose 0.8%, indicating that there is “strong market-price stability” for the segment, the report added.

via NPA

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As Associate Editor of Powersports Finance, Matt Wood reports on the latest developments and trends of the powersports finance world, from innovation to new partnerships. He's also a movie/TV show buff and is willing to argue about Lost anytime. Former bylines include Scout Media and CinemaBlend.

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