|Topic Review (Newest First)|
|09-20-2017 08:54 PM|
Been looking at 2012 V1000. KBB says $4,600 trade-in, $6,700 retail by dlr. Ebay has dlr offered bikes with bids around $3,100 and the auctions were closed because the bids did not reach the reserve amount. Seller could not/would not accept amounts offered. Local CL prices even higher. I suppose in conditions where very few bikes are moving, the buyer makes a very low ball offer and inches upward and looks to see if seller inches downward. How else does one test if the seller is motivated. I sense most are not: it took me 3 yr to become motivated selling a 2006 Star 650 when I finally cut my CL ad $100 per week until it sold for $2.9k, which was low but realistic. In this area we've had the nation's highest real estate price increases over the past year but unlike 2006 people are not refiing and using some of the cash to buy motos. Our local HD dlr has moved twice probably because the landlords want empty buildings instead of reasonable rent.
|09-20-2017 07:06 PM|
Originally Posted by Bowtie2bimmer View Post
There may be some larger cycles as well (such as when new models come out, or as other pointed out regarding overall motorcycle sales volume, as well as competition for the same bike type).
When I look at something like Craigslist it seems that most of the bikes you'll find are "over-priced." I say that from the perspective of the ones that are priced reasonably seem to move quickly, and the ones that are on the higher end stick around. Thus, the population of bikes with prices you'll see at first glance (vs. looking over several weeks or months) will often give you an inflated sense of where the market is. Again, many already noted looking at guides such as KBB or Nada. So great information here. Regarding Trade-In value, if that is really what a dealer would give you for a bike, it would seem that you should be able to sell it for a bit more than that, and a private party should be willing to pay a bit more than that because it is still well less than the dealer retail price. I think I put that correctly, but someone can let me know if I mis-spoke
|09-20-2017 02:42 PM|
Originally Posted by sdbeck View Post
|09-20-2017 01:32 PM|
Originally Posted by blaustrom View Post
|09-19-2017 08:40 PM|
|PerazziMx14||Trying to determine the value of a bike by looking at "asking price" is almost impossible. You can ask what you want but its only worth what someone will pay for it.|
|09-19-2017 06:59 PM|
I just recently traded my 2011 Harley Heritage (with lots of farkles) for a 2014 Vee Adventure. Before making the trade I did a lot of research trying to determine the Harley's worth. NADA and KBB showed pricing much higher than the bikes were actually selling for on Ebay! I was really shocked to see what some were bringing.
Long story short, I am happy with my Vee!
|08-29-2017 04:56 PM|
I observed the same thing when I recently considered selling mine. When I realized what I'd have to let it go for, I changed my mind. Glad I did too. Just glad I'm not in a situation where I need to sell it.
When I bought mine in 2013, there wasn't much in the way of competition other than the Versys 650 which was kind of strange looking. Since then, the Versys 650 got some nice updates, along with the addition of Versys 1000, NC700X, CBR500X, AT and FJ09. A lot more competition in the arena.
It's not just a VStrom thing. It seems all bikes are suffering the same fate.
If I had the money, I'd be scarfing up on some good used bikes right now.
Bike sales have dropped nearly in half since the peak in 2006 of around 700K per year to 370K in 2016. Unreal
|08-29-2017 04:06 PM|
I always check NADA and KBB. You can do the craigslist thing too. SearchTempest: Search all of Craigslist nationwide & more
When I get done with my bikes they usually aren't worth a lot.
Asking here is leaving oneself open to the usual sort of ragging.
Some folks really want to sell their bikes and offer low. Others mistakenly think their bike is gold and want to charge the big bucks.
When doing the KBB thing look at trade in prices vs dealer sale price.
|08-29-2017 02:32 PM|
The only way to get a halfway realistic picture is looking at e-bay completed auctions. That are true sales.
Many prices asked for are totally unrealistic. Just watch here if someone really needs to get rid of their ride there is often a dramatic cutting of price. They might have been better of selling on craigslist since most people coming here have a bike. Dealer pricing is a separate matter, I never watch those.
Time of year obviously, at least in the north east, is important. I bought mine for a steal last February on e-bay. Nobody was even looking and bidding on it, just 2 bids!
|08-29-2017 02:05 PM|
Originally Posted by Big B View Post
As a rule, I don't buy anything with a motor new. I would just as soon let someone else take the initial hit on depreciation. I broke my own rule for the V-Strom though. And, I'll probably buy new for my next bike...whenever and whatever that may be.
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