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rac3r
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PostPosted: 00:11 - 11 Nov 2011    Post subject: Used Bike Prices Reply with quote

Is it just me or have they gone up stupidly?

I was looking at some bikes (you know the ones you could never afford but still look at) example would be an MV F4 750 which I'm sure were around 3.5-4k last year and now you can't get them for less than 5.5k. Another example is 916/996 series bikes which are more than 4k, you can get a 999 for that much!!

Even the likes of Hornets, GSXR's etc have shot up
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Rogerborg
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PostPosted: 09:01 - 11 Nov 2011    Post subject: Reply with quote

New prices are up, sales are down, the number of licensees is still rising, and Nardo is taking truckloads of (still relatively) cheap bikes back to Elbonia with him - it doesn't seem that difficult to see which way used prices are going.
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Wafer_Thin_Ham
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PostPosted: 09:05 - 11 Nov 2011    Post subject: Reply with quote

What Roger said.

With new prices rising and more people buying used bikes anyway, the prices are set to at least stay static until March/April when they'll jump up again.
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c-m
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PostPosted: 09:52 - 11 Nov 2011    Post subject: Reply with quote

Until someone shows me well research evidence that bike prices drop significantly in the winter, I will continue to view it as a popular myth.

I don't believe anyone has ever done a study on the matter, and at the moment just looking around, i can see models selling at more, the same and less than they were in the summer.

In fact, forget winter prices. Has there ever been any research conducted into the used bike market full stop?
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Wafer_Thin_Ham
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PostPosted: 09:58 - 11 Nov 2011    Post subject: Reply with quote

c-m wrote:
Until someone shows me well research evidence that bike prices drop significantly in the winter, I will continue to view it as a popular myth.

I don't believe anyone has ever done a study on the matter, and at the moment just looking around, i can see models selling at more, the same and less than they were in the summer.

In fact, forget winter prices. Has there ever been any research conducted into the used bike market full stop?


In my limited experience the prices always hop up around March/April as these are the get on the bike months. December/January usually sees the cheapest prices, however as you rightly point out I only have anecdotal evidence to suggest this.
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Kickstart
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PostPosted: 10:23 - 11 Nov 2011    Post subject: Reply with quote

Hi

Value of the pound has gone down leading to a large number of bikes being sold for export. This has added demand (increasing prices) and also reduced supply (also increasing prices).

With the 916 series I suspect there is also an element of the values going up as they are bought as iconic classics.

All the best

Keith
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Rogerborg
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PostPosted: 10:28 - 11 Nov 2011    Post subject: Reply with quote

Purely anecdotally, I didn't see prices drop last winter, just fewer bikes for sale. The local dealers didn't drop their prices, or even seem interested in about selling anything.

The caveat is that I was looking at the old, cheap commuter end of the market, where half the bikes were marketed as "ideal winter hacks" anyway.

It may be very different in the sunny-Sunday-never-seen-rain-hero-machine sector.
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rac3r
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PostPosted: 17:04 - 11 Nov 2011    Post subject: Reply with quote

I don't think prices drop as such in winter it's just there are more for sale meaning more people competing against each other
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c-m
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PostPosted: 14:44 - 18 Dec 2011    Post subject: Reply with quote

rac3r wrote:
I don't think prices drop as such in winter it's just there are more for sale meaning more people competing against each other


I disagree, I'm looking for a few different models and pretty much the only ads are those from dealers. There are no private ads around.

Demand is still there (albeit reduced), but supply has dried up. Hence bike prices right now, are more expensive than in the summer.

This summer you could have picked up a tidy ZX9R (C or E) with about 24k or less on the clock for less than £1400. There were pages and pages of them on ebay and piston heads. Now there are just a few around and all over priced.
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salty21
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PostPosted: 16:37 - 18 Dec 2011    Post subject: Reply with quote

i've been buying and selling bikes quite frequently over the last few years and there was definately a significant drop last winter and the one before it, but i agree this year they seem to be going up not down.

I bought my old 600rr in summer 2008 for £3400, which at the time was about the average price for one. I sold the bike last year with an extra 20k miles on it which put it up to 35k which is a lot of miles for any sports 600, but i still managed to sell it for £3300 without any service history within a few hours of putting it up on ebay, as at £3300 it was one of the cheapest so prices in general are definately going up
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c-m
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PostPosted: 16:42 - 18 Dec 2011    Post subject: Reply with quote

For someone like me who's in the market for bike around 2k It's frustrating to see some early 01/02 bike models go up in price by at least £500
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hornetmike
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PostPosted: 18:54 - 18 Dec 2011    Post subject: Reply with quote

I can't sell my bike and its priced below average, maybe because its a gay purple, you interested 999kid ?

https://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=320809289146&ssPageName=STRK:MESE:IT
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Ericck
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PostPosted: 20:35 - 18 Dec 2011    Post subject: Reply with quote

I was looking for a winter/project bike and found that there were many for sale at the end of the summer, even during the good weather we had in September and October, can't say if they were cheap but lots for sale should make it a buyers market.

As the crap weather set in around November I actually found less bikes for sale.

Still managed to pick up an old CBR 600 tax and mot until May for £635. Runs okay with good brakes and tyres. Needed new indicators, bit of super glue and new bolts for the fairing and exhaust, changed oil and filter, topped up other fluids.

Went out on it today and feel I have a bargain. Was looking for about 3 months though and did see some lemons. So take your time to find what you want Smile
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rac3r
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PostPosted: 21:46 - 18 Dec 2011    Post subject: Reply with quote

hornetmike wrote:
I can't sell my bike and its priced below average, maybe because its a gay purple, you interested 999kid ?

https://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=320809289146&ssPageName=STRK:MESE:IT


That's a pretty good price especially for the USD fork model!

From the bikes I've been looking at, some have gone up stupidly like Ducati Monsters and others have stayed about the same like SV1000's and 749/999's.

Overall they have gone up but some more than others. I think after Christmas will be the time to buy!
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hornetmike
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PostPosted: 21:48 - 18 Dec 2011    Post subject: Reply with quote

I haven't had a sniff, going to relist it after Christmas.

Quote:
Posted: 21:46 - 18 Dec 2011 Post subject:



hornetmike wrote:
I can't sell my bike and its priced below average, maybe because its a gay purple, you interested 999kid ?

https://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=320809289146&ssPageName=STRK:MESE:IT


That's a pretty good price especially for the USD fork model!

From the bikes I've been looking at, some have gone up stupidly like Ducati Monsters and others have stayed about the same like SV1000's and 749/999's.

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rac3r
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PostPosted: 21:50 - 18 Dec 2011    Post subject: Reply with quote

I tried searching for Hornet's on ebay and yours doesn't come up. I must be doing something wrong Laughing
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hornetmike
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PostPosted: 21:54 - 18 Dec 2011    Post subject: Reply with quote

your are right I can't search for it even signed out ????????
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Knot600RR
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PostPosted: 22:25 - 18 Dec 2011    Post subject: Reply with quote

I had been trying to sell a bike since beginning of November, 600RR R7 and had absolutely no interest at all - that was on all the major sites.

Ended up putting it through a dealer who offered me £100 less than I was asking for, which I yanked his hand off for!

The not so far off new bikes, ie, those maybe five years and under seem to be very difficult to shift, as the new price isn't a huge difference .
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rac3r
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PostPosted: 23:53 - 18 Dec 2011    Post subject: Reply with quote

I had stupid offers when mine was up for sale, offers of like 1k less than the asking price. In the end I was desperate and sold it pretty cheap but not that cheap!
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Torx
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PostPosted: 09:00 - 19 Dec 2011    Post subject: Reply with quote

The problem these days is that everybody is fully aware of what the average dealer would sell a bike for. So people are refusing to let their bikes go for what they're actually worth.

Then there's the stupid people who add all the other costs like new parts and labour to the value of the bike when they sell it, refusing to accept their losses.
When I go on eBay and browse through all the bikes, I see so many people trying to sell bikes as spares or repair for a price that I would consider spending on a working version of the bike.

Spend a tiny bit more cash getting a second-hand bike from a dealer, and get yourself a warranty, 12 months T&T and you'll be fine.

Forget about all these wannabe private sellers.
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c-m
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PostPosted: 09:16 - 19 Dec 2011    Post subject: Reply with quote

I agree with Torx.

While private sale prices have rocketed. Dealer prices on bikes older than 5 years have fallen.

They are still more expensive than the old private sales, but cheaper than they were.

Of course this still pushes bike prices higher. Grrr.

Also what is it with people not listing all the bike's details when selling on ebay. Hell all you have to do is enter the reg number and Ebay fills out everything for you. Yet the number of bikes from dealers that i see that don't list previous owners, or mileage etc.. is shocking.
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