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Off-Road Values Increase as Powersports Market ‘Heats Up,’ Black Book Says

Off-road motorcycle values increased 3.8% month over month while the rest of the powersports market saw “steady gains” during the height of the spring retail season, according to a report from Black Book provided to Powersports Finance.

“The one really big gainer this month is the off-road segment,” Senior Analyst Scott Yarbrough said in the report. “The off-road segments as a whole have been underperformers of late, and the dirt bikes are the last of these units to see sizeable gains this spring.”

The ATV segment rose 0.3% month over month, while UTVs were the only off-road vehicle category to decline, dropping 0.4%.

For More Data: Smaller, Cheaper Cruisers Lead March Vehicle Values, Black Book Says

Every segment other than UTVs and snowmobiles saw value growth in April. Metric cruisers saw the second-highest growth behind off-road bikes, increasing 3.2% month over month. Domestic V-Twin bikes, watercrafts, and dual sport bikes followed with 1.7% value growth month over month.

Specifically, small and mid-sized bikes continue to be in “greater demand” than more expensive heavyweight bikes, with entry-level cruisers and sport bikes “highly sought” at auctions, Yarbrough said.

“On a somewhat related note, we have seen increased interest in the entire sport bike category lately,” Yarbrough added. “These units had been a little soft recently compared to years past, but seem to be gaining strength at the moment.”

via Black Book

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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