Dealer 2nd hand prices

[smifffymoto]

For a strange reason I always wanted a Honda Dominator and with some time on my hands browsed bike trader.

Dealers want nearly £4000 for them,crazy price for a bike over 20 years old and not a particularly desirable one at that.

Are motorbikes suffering the same idiocy as cycling with artificially inflating prices.

[KTMsm]

No idea about cycling but as many had more cash in covid, prices for most "toys" went up

Classic cars and bikes have always gone up around 20+ years old

Personally I think this winter we'll see some prices drop

[Tonberry]

Nearly new bikes (2017-2022) are falling fast at dealers and many aren't buying stock.

I'm scouring the market most days and reductions of £500 a month aren't uncommon for some models.

New supply has increased massively and the finance deals are much better on new, which makes used a harder sell.

A lot of older stuff is still ridiculously priced and just sits there.

[guitarcarfanatic]

smifffymoto said:

For a strange reason I always wanted a Honda Dominator and with some time on my hands browsed bike trader.

Dealers want nearly £4000 for them,crazy price for a bike over 20 years old and not a particularly desirable one at that.

Are motorbikes suffering the same idiocy as cycling with artificially inflating prices.

The dommy is a cult bike. Around £2k seems to be the going price secondhand, with a couple dipping just under due to winter. Original Africa Twin is the same, although prices seem to soften in winter.

Transalp slightly less affected, and almost prices in reverse - in spring, you get a glut of bikes for £1000-£1500. Around this time of year, there are so few listed, people get optimistic with pricing etc.

[KTMsm]

Tonberry said:

I'm scouring the market most days and reductions of £500 a month aren't uncommon for some models.

A lot of older stuff is still ridiculously priced and just sits there.

I don't doubt some bikes are reduced by £500

I doubt that a model / range is repeatedly reduced by £500 a month

Most bike dealers have approx £1,000 profit in a used bike which is why they don't want to massively discount their old stock

[smifffymoto]

It seems daft to me when you can already buy a lightly used Honda Hornet for a smidge over £6000 why these prices persist for very average older bikes.

[Zarco]

smifffymoto said:

It seems daft to me when you can already buy a lightly used Honda Hornet for a smidge over £6000 why these prices persist for very average older bikes.

Because for some strange reason enough people want one

[KTMsm]

Because people haven't been buying "transport" for probably 50 years

They are buying image, fun, looks etc

It's not about what something's worth, it's about what someone will pay

I've never understood why anyone buys a new Hornet when an old one will do the same job for a fraction of the price

[trickywoo]

smifffymoto said:

It seems daft to me when you can already buy a lightly used Honda Hornet for a smidge over £6000 why these prices persist for very average older bikes.

Difference is the newish Hornet will be worth less every year for quite a while but the older bike will stay the same or even perhaps go up a bit.

You'll also feel obliged to get the newer bike serviced at a garage to preserve the resale while the older bike can be self serviced without unduly affecting its value.

[OutInTheShed]

Well they must be desirable if the OP desires one?

Flogging 20 year old bikes, I'd imagine any dealer would want a stout margin to cover working on the bike before selling it, issues which might occur post sale, and the fact that it's going to hang around for months waiting for the OP to get his wallet out.

What it costs the dealer might be underpinned by what it's worth as parts?


What else do you get from a decent dealer for less?

[KTMsm]

OutInTheShed said:

Well they must be desirable if the OP desires one?

What else do you get from a decent dealer for less?

Well of a similar(ish) type of bike my money went on a 990 SM although they've gone up but you'd still get a 950 SM from a Dealer

Of course you could say the same - why is a 2005 KTM worth £4k and I'd say because you can't buy that kind of fun any more

Later bikes are bigger, more complex, uglier...

[Tonberry]

Quite a few examples of similar reductions.

[mattstr675]

In the example you show, I'd say the reason that one is reduced is due to the miles on it. 75% of people looking at that bike would be put off by the mileage so the dealer has had to drop the price to attract potential buyers.

[Tonberry]

I'm seeing the same reduction on bikes with 8000 miles.

For nearly new, the used market seems to be returning to where it was pre pandemic.

[KTMsm]

Logically that has to happen sooner or later with the majority of used bikes

However, I suspect the real classics won't drop much, certainly not to pre-covid levels

I mean the ones that appeal to men in their 50s rather than 70s - they will naturally drop as demand reduces