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General V-Strom Discussion Talk about all things V-Strom not limited to just one of the above models

Thread: Worth of the 650? Reply to Thread
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  Topic Review (Newest First)
09-20-2017 08:54 PM
Wildbill1945
Confusin

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
Atropos
Quote:
Originally Posted by Bowtie2bimmer View Post
So I can't comment on that model biek specifically but I will say prices fluctuate with the time of the year. As a general rule, the best time to buy is in the fall. People did their summer ride (maybe) and decided that the never use their bike. Or they want the cash for Xmas. Or they don't want to prep it for winter (not an issue where I live)

The best time to sell is in the spring. People want to buy bikes as the weather warms up and all the bike rallies start happening.

Summer is usually pretty bad. People are broke from their summer vacations. Kids school tuitions are due. People have less disposable income to buy stuff
Good point about the seasonality. I am located in the warmer portion of the country and agree this seems to hold true regardless of that. People want to get their bikes for their summer rides. I think spring is also popular because people may be getting some tax return money to play with as well (and nice weather doesn't hurt either). I sold my bike in the dead heat of the summer, but was surprised when it happened! I am going to keep my eyes pealed for a new(er) bike now that the we are getting into the cooler months of the year!

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
spike55_bmw
Quote:
Originally Posted by sdbeck View Post
Bike sales have dropped nearly in half since the peak in 2006 of around 700K per year to 370K in 2016
That's an interesting statistic - "Peak Cycles" occurred in 2006. Didn't know that. My green KLRs are 2006
09-20-2017 01:32 PM
GeekPriest
Quote:
Originally Posted by blaustrom View Post
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.
Indeed. The 2011 Wee I just bought for $3500 was originally listed at $5500 on Facebook and Craigslist. I got the distinct impression the guy needed money for some other expense, like a cruise. He was pretty anxious to get the deal done at the end.
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
Minister 1955 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
sdbeck 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
notacop 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
blaustrom 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
Bucket
Quote:
Originally Posted by Big B View Post
We frown upon these type of threads, but since you aren't looking to sell yours "yet", I will allow it to stay. Its all about what a person is willing to pay, and yes these bikes don't hold their value for squat.
Sorry about that...I don't have any intentions of selling. I do however notice when I see one for sale, and have been wondering if anyone is selling them for anywhere near what they are asking.

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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