COULD YOU BE ABOUT TO MAKE A COSTLY MISTAKE?

MyMotorCycleCheck

MyMotorCycleCheck.com – the UK’s No.1 motorbike and scooter provenance website – has saved tens of thousands of people from making an expensive two-wheeled mistake. In these monthly bulletins its Valuation Team’s expert, Rob Hobson, outlines the most significant trends in the UK market.

Mr Hobson commented: “While the bike market recovers from the annual over-indulgence of Xmas, we have not made any significant changes to our used values for January. We have, however, introduced 2013 62-plate records onto our database, so even if you want to check the history and value of a very new bike – maybe an unwanted present – we have the data.

“As in virtually every other sector, the used bike market remains under pressure, which means there is amazing value on offer for those consumers who can afford to spend. The coming months will see demand increase as we move towards spring and summer, which could well drive up values. With this in mind, canny buyers will be on the lookout now, before the fair weather riders awake from their winter slumber.

“An important development towards the end of last year was the launch of the Motorcycle Industry Association’s new Master Security Scheme. This was prompted by statistics on the alarming level of bike theft. Around 26,000 bikes are stolen each year, based on 2009 figures, with the majority being less than three years old. The really worrying part is that 40% of those who received an insurance payout did not return to motorcycling. That is something like 10,000 bikers who drop out of the marketplace each year.

“The Master Security Scheme uses an identification product which has been around for a number of years. The big difference is that participating manufacturers will ensure that all their bikes are fitted with this unique etching and tagging from new. As these bikes filter down into the used market there will be the ability to update new owner details as they change hands. The long game is that having more bikes with easily identifiable parts should reduce criminals’ ability to simply break up bikes and sell the parts into the lucrative used spares market.”

To help UK consumers make the right choice, MyMotorCycleCheck.com provides an instant snapshot of all the key vehicle information.

For only £4.95 you can confirm whether your potential pride and joy has ever been scrapped, stolen or written-off, has any money owing on it, has had a plate or colour change and much more… Know what you’re getting onto: MyMotorCycleCheck.com

Over the last couple of years, MyMotorCycleCheck.com, MyCarCheck.com and MyTextCheck delivered around 4.5m consumer checks including those via AutoExpress and WhatCar?. Parent company CDL performs over 2m vehicle data checks a week for companies including CompareTheMarket, Go-Compare, Moneysupermarket, Swiftcover and Tesco Compare.

It uses up-to-the-minute information from the Police National Computer (PNC), the Driver and Vehicle Licensing Agency (DVLA), the Association of British Insurers (ABI) and major finance houses including Lloyds TSB.

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