Off-road bike values declined 4.5% while the rest of the powersports market lacked positive growth in January, according to a report Black Book provided to Powersports Finance.
“Powersports values are still frozen in negative territory this month,” Scott Yarbrough, senior analyst of motorcycle and powersports at Black Book, said in the report. “The changes in value we see for February are very similar to the changes from January. Nearly all segments are down, and we have yet to see significant signs of the normal uptick in values that usually occur this time of year.”
January marks the second straight month in which off-road bike values declined the most of any segment. ATV values dropped 3%. Utility vehicles, the other off-road segment, dropped 2.6% in January, making this the third straight month that the off-road units as a group drop as much or more than the on-road bikes, Yarbrough said.
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The only segment to see positive growth was snowmobiles, which climbed 1.2% in January.
The on-road segments, which includes cruiser, cruiser metric, domestic V-twin, and street, dropped roughly 2%. These values are expected to climb “very soon” as dealers begin to stock up for the spring selling season, Yarbrough added.
“We have seen a few small positive signs at the auctions, though not enough to move the numbers yet as 2019 has gotten off to a slower start than is normal,” he said. “Whether this is just a blip or signs of a slow year should start to become apparent over the next month or so.”