Quarterly sport bike values hit their highest level since 2017, continuing a “hot streak,” according to a report NADAguides provided Powersports Finance.
The retail value for sport bikes averaged $6,158 in the first quarter, compared with $5,796 in the prior-year period. Sport bike values have been trending upward since the third quarter of 2018.
Cruiser values increased 0.9% to $5,670 in the first quarter. Though values are lower than they were in 2015 and 2016, the segment has “positive directional movement,” likely spurred by employment and wage growth in 2018, the report said.
Meanwhile, the average value for utility side-by-sides decreased 1.9% to $7,868 year over year.
Sport side-by-side values are on a “multi-year high,” said the report. Values for the segment averaged $10,841, growing 1.3% year over year.
“Looking forward, the economic picture is somewhat less rosy than in early 2018, but discretionary spending should remain healthy going into the prime activity months,” the report added.