Used bike climate.... ?

Zracer
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2/17/2013
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Saint Clair, MI, USA
Zracer 10/17/2014 5:01am
10/17/2014 5:01am
Lowlander wrote:
We see the same in the UK. Unfortunately it is a buyers market and is only worth what someone will pay. The used market has dropped...
We see the same in the UK.

Unfortunately it is a buyers market and is only worth what someone will pay. The used market has dropped significantly over the last few years with the biggest factor being that new bikes/cars are being so heavily discounted that the trickle down effect passes directly over.

8000 dollar bikes going out the door for 6000 has a direct knock on effect. Effectively the dealer has knocked 2k off of the used bike market.

Someone that buys a new model as soon as it comes out for say 8000 will be lucky to get half that when next years model comes out and dealers discount old new stock. If the dealers held the prices at say 10-15% discount on last years models then the second hand market will increase accordingly.

Except they cant move the leftover with only a 10% discount. Its a buyers market for new bikes too.
CRF505
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11/24/2011
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Clarkston, MI, USA
CRF505 10/17/2014 5:30am
10/17/2014 5:30am
Indy mxer wrote:
Yeah, I don't know the answer either. I usually keep my bikes for about 3 or 4 years, so when I do get rid of them...
Yeah, I don't know the answer either. I usually keep my bikes for about 3 or 4 years, so when I do get rid of them I don't feel like I'm taking a big hit.
I'm a 57 year old vet rider and I have a really nice 2012 KXF 250. I'll probably try to sell or trade when the 16's come out. But I'm sure I'm going to take a beating on it.
I have the same bike, 34 hours on it right now. I'm planning to get a new CRF450 or KTM350 this winter. Thought about selling my 250f or trading it in but right now I could probably get $3900 for it. If I keep it another year or two and ride it, it will still be worth $3000-$3200. I've already taken the big hit, so I'm just going to keep it.
mxtech1
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Galesburg, IL, USA
mxtech1 10/17/2014 7:35am
10/17/2014 7:35am
I used to be able to make pretty good side money buying used bikes and flipping them. Several years ago it was common that I would be able to buy 1-2 bikes per month and then sell them within a few weeks at a profit.Sometimes they needed work, but often times I just came across good cheap deals from guys needing the sale. It was easy to buy them cheap and sell them fast and make up to $1,000.

In this economy, it's just not a good investment. I am down to one bike for my personal use and I haven't bought a bike to flip in over 1 year. I still see good deals from time to time, but since the profit margins have decreased it just doesn't make sense to have the money tied up for as long as it takes to make sales right now.

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