honda ftr223 Market Analysis - November 2025

Honda FTR223 Market Analysis in Sri Lanka (November 2025): Rising Prices and Smart Buying Strategies

The Honda FTR223, known for its simple design, reliability, and ease of maintenance, continues to hold a niche in the Sri Lankan motorcycle market. Despite its relative age, it remains a sought-after option for riders looking for a practical and stylish machine. This month, the FTR223 garnered 13 views from 8 active users, suggesting continued interest despite limited market activity. However, the key takeaway from this month's data is a noticeable price increase, demanding a closer look for both buyers and sellers.

Monthly Market Overview:

• Total Ads Posted This Month: 3
• Minimum Price: Rs. 925,000
• Maximum Price: Rs. 975,000
• Average Price: Rs. 941,667
• Median Price: Rs. 925,000
• Price Range: Rs. 50,000

Individual Vehicle Records (Recent Listings):

Price (Rs.)	Year	Mileage (km)	Listed Date
925,000	2007	65,000	11/23/2025
925,000	2016	65,000	11/24/2025
975,000	2007	60,000	11/21/2025

Price Analysis Tables:

1. Overall Price Statistics:

Statistic	Price (Rs.)
Minimum Price	925,000
Maximum Price	975,000
Average Price	941,667

2. Mileage-Based Pricing Table:

Given the limited dataset, a comprehensive mileage-based table isn't possible. However, we can make preliminary observations. More data would be needed to build out mileage ranges.

Mileage Range (km)	Average Price (Rs.)	Number of Listings
60,000 - 65,000	933,333	3

3. Year-Based Pricing Table:

Year Range	Average Price (Rs.)	Number of Listings
2007	950,000	2
2016	925,000	1

4. Combined Year + Mileage Matrix Table:

This table is crucial for understanding the combined impact of age and mileage on price. Due to limited data, some cells will be empty or based on a single data point. More data is needed for statistical significance.

Year Range	50,000 - 60,000 km	60,001 - 70,000 km
2005-2009	975,000 (1 Listing)	925,000 (1 Listing)
2010-2014	N/A	N/A
2015-2019	N/A	925,000 (1 Listing)

Price Trend Analysis:

The data shows an 11.45% price increase this month. This significant jump could be attributed to several factors, including increased demand, limited supply, or fluctuations in import costs.

• For Buyers: This trend suggests acting sooner rather than later to secure a favorable price. Prepare to negotiate and be aware that prices are likely to remain elevated.
• For Sellers: This is an opportune time to list your FTR223, potentially fetching a higher price than previously anticipated. However, remain competitive and realistic based on your vehicle's specific condition and mileage.

Market Insights:

• Mileage Impact: Based on the limited data, lower mileage generally correlates with higher prices, which is expected. The 2007 model with 60,000 km is priced higher than the 2007 model with 65,000 km.
• Vehicle Age Impact: Older vehicles (2007) can still command a premium if the mileage is relatively low. The 2016 model is priced lower than the 2007 model with slightly higher mileage.
• Combined Impact Analysis: The matrix table provides the most granular insight. It shows that a 2005-2009 model with lower mileage (50,000 - 60,000km) may still fetch a higher price than a newer model with similar mileage. However, the small dataset requires caution when interpreting.
• Sweet Spots for Buyers: Given the current listings, the best value might be the 2016 model, if its overall condition is excellent. It represents a newer bike with similar mileage at a slightly lower price point.
• Market Activity: Only 3 ads were posted this month, indicating a potentially limited supply. This further reinforces the upward price trend.

Buyer's Guide:

• Budget-Based Recommendations:

  • Budget below Rs. 930,000: Target models in the 2010-2019 range with mileage around 65,000km. Inspect thoroughly for condition.
  • Budget around Rs. 950,000: Aim for a well-maintained 2007 model with lower mileage.
  • Budget approaching Rs. 1,000,000: Look for the best possible condition, regardless of year, with an emphasis on low mileage and meticulous maintenance records.

• Best Value Combinations: The 2016 model (if in good condition) appears to be the best value given its newer model year and price. However, a thorough inspection is crucial.

• Price Negotiation Insights:

  • Use the mileage as a negotiation point, especially if it exceeds 65,000km.
  • Highlight any cosmetic or mechanical flaws to justify a lower price.
  • Research comparable listings (if available) to support your offer.

Seller's Guide:

• Optimal Pricing: Use the matrix table as a starting point, but adjust based on your vehicle's condition, service history, and any aftermarket modifications. Given the upward trend, slightly overpricing may be acceptable, allowing room for negotiation.

• Market Positioning:

  • Highlight your FTR223's strengths: reliability, ease of maintenance, and classic styling.
  • Emphasize any work done on the bike, such as recent servicing or replacement parts.
  • Take high-quality photos showcasing the bike's best features.
  • If selling a lower mileage 2007 model, showcase that mileage and compare it to the price of newer models with higher mileage.

Conclusion:

The Honda FTR223 market in Sri Lanka is experiencing a price increase. While the limited data this month necessitates caution in drawing definitive conclusions, the upward trend is clear. Buyers need to be strategic and diligent in their search, focusing on value and thorough inspections. Sellers have an opportunity to capitalize on the increased demand, but must remain competitive and transparent about their vehicle's condition. Continuous monitoring of the market is crucial to navigating this dynamic landscape. Future analyses with more data will be critical for refining these insights.

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Data Summary

• Views in November 2025: 13
• Active users: 8
• Price trend: increasing (11.45%)
• Total ads in November 2025: 3
• Price range: Rs. 925,000 - Rs. 975,000