The off-road segment continued to decline, with off-road bike values dropping 4.7% in February, according to a report Black Book provided to Powersports Finance.
Off-road bikes showed the most significant decline, but the entire off-road segment — including UTV and ATV — dropped. ATVs and UTVs were each down 1.5%. This marks the fourth consecutive month all vehicles in the segment declined, Scott Yarbrough, senior analyst of motorcycle and powersports at Black Book, said in the report.
For More Powersports Data: Off-Road Bike Values Drop 4.5% as Market Remains ‘Frozen,’ Black Book Says
The changes in UTV and ATV values are “smaller this time around,” Yarbrough said. “With the coming change in seasons, it is likely these units have bottomed out in price for a while.”
The on-road bike segment “fared much better this month,” with metric cruisers climbing 2.1% — more than any other segment, Yarbrough said. Meanwhile, cruisers grew 1.8% and domestic V-Twins were up 1.4%.