Leading vehicle valuation experts in the powersports industry will take the stage Wednesday, Oct. 26, at 9:45 a.m. PT to discuss fluctuating vehicle values and segment-by-segment forecasting during the Powersports Finance Summit, returning live Oct. 25-26 in Las Vegas.
The session features Jim Woodruff, chief executive at pre-owned powersports marketplace National Powersport Auctions, and Scott Yarbrough, senior analyst of motorcycle and powersports at Black Book.
View the full event agenda here.
Woodruff has more than 30 years of experience in the industry, leading businesses that serve both Fortune 500 companies and powersports dealers. He has spent the last 20 years creating solutions for dealers, lenders and manufacturers.
Yarbrough joined Black Book in 2003 and has nearly 30 years’ experience in the powersports industry.
Woodruff and Yarbrough will dive into segment-by-segment valuation and retention trends, how to manage loan-to-value ratios amid high prices and rising interest rates, and how to prepare for a potential return to pre-pandemic vehicle values in 2023.
Powersport values continue to fluctuate but are beginning to align with more normal seasonal trends. In July, the majority of powersports segments posted month-over-month declines in pricing, according to Black Book. Metric cruiser values, for one, fell 2.9% MoM in July, while on- and off-road unit values decreased by 2.3% MoM. Values on utility vehicles, off-road units, ATVs and cruisers all dipped by at least 1% in July, while jet boat, scooter, street bike and watercraft values increased as the summer progressed.
The decline follows slight increases in May, when on- and off-road unit values inched up 1.4% MoM, and watercraft and jet boat values increased 4.1% and 4.9% MoM, respectively, according to Black Book.
The Powersports Finance Summit offers attendees a unique glance into financing trends for motorcycles, personal watercraft, side-by-sides and other specialty vehicles, as well as networking opportunities with executives in the industry.