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%.
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.”