Motocross (MX) was the lone powersports segment to post an increase in auction volume in March, increasing 30% year over year, according to data National Powersport Auction provided Powersports Finance.
“This spike in volume can be attributed to increased originations in the off-road motorcycle segment leading to a rise in auction volume,” NPA Director of Business Development Tony Altieri said in the report. “While default and delinquency rates continue at historical lows, retail interest and origination volumes in off-road motorcycles and side-by-sides continue to gain momentum.”
For More Data: Cruisers Show Stability as Auction Prices Remains Flat
Lenders also reported that delinquency rates remained low, contributing to a lack of volume growth at auction, Altieri said.
Sport bikes saw the largest decline, dropping 26.8% in volume year over year. Dual sports bikes followed at 17.6%, and metric cruisers fell 15.3% compared with the same period the year prior.