The powersports market is red hot with high demand and surging vehicle values fueled by the COVID-19 pandemic, and Black Book’s motorcycle and powersport senior analyst Scott Yarbrough will discuss strategies for managing rising vehicle values at the Powersports Finance Summit at 1:45 p.m. on Tuesday, Oct. 26, at the Wynn Las Vegas.
Yarbrough will provide a class-by-class look at recreational vehicle values, an examination of consumer-driven changes in product mix, and the valuation outlook for 2022 and beyond.
Yarbrough, who joined Black Book in July 2003 and has been in the automotive industry for more than 28 years, specializes in motorcycle and powersport analysis.
As consumers were shuttered in their homes during the pandemic, they took to the road, opting to spend their excess cash on recreational vehicles such as motorcycles and boats, increasing demand and pushing prices to unprecedented highs. In June, motorcycle prices on similar models were anywhere from 20% to 40% higher than they were a year ago.
The Powersports Finance Summit will also feature sessions on the state of powersports finance post-pandemic; how to capitalize on increased consumer demand; and identifying and embracing new technology.