Metric cruisers and smaller bikes led the charge in March as several vehicle categories rose in value in time for the spring buying season, according to a report Black Book provided Powersports Finance.
Month over month, metric cruisers rose 3.9% in value, while street bikes followed at a “similarly healthy” 2.8%, Senior Analyst Scott Yarbrough said in the report.
Domestic V-Twin bikes, meanwhile, rose 1.3%, with smaller sized bikes driving the growth, Yarbrough added.
While warmer March weather helped increase vehicle values, lower prices also propped up demand.
“Metric cruisers, street bikes, and the smaller to medium-sized V-Twins all share one thing in common: They are cheaper than their larger, heavy cruiser and touring class brethren,” Yarbrough said in the report. “This part of the market has [had] relatively stronger value retention for a while now, which is likely a result of changing demographics from the baby boomers beginning to age out of the market.”
The off-road segment was a “mixed bag” in March, Yarbrough added. Values for off-road motorcycles dropped 3.2% and for ATVs declined 0.6%. Meanwhile, UTV values were up 1.7%.
Snowmobile values declined 1.2%, while jet boat and watercraft values rose 1.2% and 1.4%, respectively.