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NADAguides Motorcycle & ATV Industry UpdateNA Aguides Motorcycle & ATV Industry Update
May – June 2013
1Copyright 2013, NADAguides, Inc.
Industry OverviewMany dealers still haven’t turned sales around from the slow winter... y f
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Industry Overview…
As we move from spring to summer on road motorcycles gain popularity and are anticipated to be the topAs we move from spring to summer, on‐road motorcycles gain popularity and are anticipated to be the top sellers for most dealers. Figure 1.1 indicates that dealers believe Cruisers will be their best selling segment, with Sport, Touring, and Dirt following close behind.
Dealer Opinion of Best Selling Segments
20%
25%
30%
nden
ts
Dealer Opinion of Best Selling Segments
5%
10%
15%
20%
Percen
tage
of R
espo
n
0%
5%
Sport Touring Cruisers Standard MX Sport ATV
Percentages produced by dividing total number of responding
Figure 1.1
Source: NADAguides, Inc.g p y g p g
members by number of members responding with a specific segment they anticipate selling well in the next 60‐days.
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Industry Overview…
Figure 1 2 reflects purchases within the last 60 days 72% of dealers responded that the majority of theirFigure 1.2 reflects purchases within the last 60 days. 72% of dealers responded that the majority of their sales were new units; whereas, 28% indicated they sold more used units than new. Many qualifying consumers are taking advantage of aggressive incentives offered by OEM’s. It has been reported that financing has loosened up and consumers have more faith in the economy.
New Versus Used Units as Majority of Overall Sales
28%Used
72%New
Figure 1.2
Percentages produced by dividing the number of dealers responding that new or used units made up the majority of sales within the previous 90 days, by the number of total respondents.
Source: NADAguides, Inc.
4Copyright 2013, NADAguides, Inc.
Industry Overview…
Previously, 60% of dealers believed that sales would be about the same this year as the previous, this has shifted drastically to 32%. Figure 1.3 shows this shift of people who now believe that this selling season has been worse than last year. Based on conversations with dealers, this is due to the late winter and destructive storms experienced in many areas.
45%
Recent Sales As Compared To This Time Last Year
20%
25%
30%
35%
40%
ent o
f Respo
nden
ts
0%
5%
10%
15%
Better About The Same Worse
Perce
Figure 1.3
Better About The Same Worse
Percentages produced by dividing total number of responding dealers by the number of dealers responding that conditions are better, about the same, or worse.
Source: NADAguides, Inc.
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NADAguides Data Overview
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Data Overview…
The charts shown in Figures 1.5 and 1.6 reflects, by industry segment, where the trade‐in values were too low, about right, or too high, as compared to their local market area.
NADAguides Powersports Rough Trade‐In Values
82%89% 87%
82% 79% 82%
Too Low About Right Too High
16%11%
16%21%
17%
2% 0% 3% 2% 0% 1%
11% 10%
Sport Bikes Touring Bikes Cruisers Utility ATV's Sport ATV's Dirt Bikes
Segment of the Industry
This chart reflects where responding members felt the guidebook values within
Figure 1.5
This chart reflects where responding members felt the guidebook values within each segment fell with respect to their local market areas. Source: NADAguides, Inc.
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Data Overview…
The charts shown in Figures 1.5 reflects, by industry segment, where the trade‐in values were too low, about right, or too high, as compared to their local market area.
NADAguides Powersports Clean Trade‐In Values
80%86% 85% 88%
78% 80%
Too Low About Right Too High
18%14%
22% 19%
2% 0%4% 2% 0% 1%
14% 11% 10%
Sport Bikes Touring Bikes Cruisers Utility ATV's Sport ATV's Dirt Bikes
Segment of the Industry
This chart reflects where responding members felt the guidebook values
Figure 1.6
This chart reflects where responding members felt the guidebook values within each segment fell with respect to their local market areas. Source: NADAguides, Inc.
8Copyright 2013, NADAguides, Inc.
Data Overview…
NADAguides Powersports Average Retail Values
The charts shown in Figures 1.7 reflects, by industry segment, where the retail values were too low, about right, or too high, as compared to their local market area.
87% 90% 88% 90%
81% 83%
Too Low About Right Too High
19% 16%
2% 0%4% 1% 0% 1%
11% 10% 8% 9%
Sport Bikes Touring Bikes Cruisers Utility ATV's Sport ATV's Dirt Bikes
Segment of the Industry
This chart reflects where responding members felt the guidebook values
Figure 1.7
This chart reflects where responding members felt the guidebook values within each segment fell with respect to their local market areas. Source: NADAguides, Inc.
Copyright 2013, NADAguides, Inc.9
Outside Influences
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Fuel Prices
A view of the national average gas price and regional year over year change over the last year, is supplied to provide support to longer‐term strategic planning.
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Economic Drivers
Economic Factors: Two important factors affecting the powersports market today are the unemployment rate and consumer confidence. These factors can be interpreted to represent the consumer’s ability and willingness to make a new or used motorcycle or ATV purchase.
12Copyright 2013, NADAguides, Inc.
Contacts
PublisherDon Christy Jr.
Assistant PublisherRobin Rae Lewis
Editorial DirectorLen Sims
Managing EditorSherrie Clevenger
Market Data AnalystMarket Data AnalystAlex Lezama
Market Data AnalystBrett Boyer
NADAguides makes no representations about future performance or results based on the data and the contents available in this report (“Guidelines”). Guidelines is provided for informational purposes only and is provided AS IS without warranty or guarantee of any kind. By accessing Guidelines via email or the NADAguides.com website, you agree not to reprint, reproduce, or distribute Guidelines without the express written permission of NADAguides.
13Copyright 2013, NADAguides, Inc.