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Off-road segment values drop unexpectedly, Black Book says

September vehicle values for the off-road segment dropped unexpectedly, as values for almost every powersports vehicle dipped, according to a report Black Book provided Powersports Finance.

“Prices this month reflect both normal seasonal trends, as well as the fact that new-model sales have been somewhat sluggish this year, with many dealers awaiting incentives from the manufacturers to help move inventory,” Scott Yarbrough, senior analyst for Black Book, wrote in the report. “This has naturally led to diminished demand on the used side as well, and prices this month are reflecting that.”

While it’s typical for on-road segments to decline in value during the fall, the off-road category usually grows in value. However, the entire off-road segment declined by “unexpectedly large amounts,” Yarbrough said. Off-road bikes declined the most of all segments, dropping 3.6% month over month, Yarbrough added. ATV values declined 2.3%, and UTV values dropped 1.6% month over month.

The rest of the powersports segments followed typical seasonal trends. Street bikes had the second-largest drop in value, falling 3.5%. Domestic V-Twins declined 2.5%, while metric cruisers dropped 3%.

via Black Book

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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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