Bike prices - on the rise.

[AllanB]

A sign of the times I guess.

exhibit one:

A almost new 2,000 km Hornet 919 for sale at $500 over its original purchase price. They ran out at $11,000.

http://www.trademe.co.nz/a.aspx?id=194115388


Still good value compared to the crop of $20k litre bikes, but it appears my steed is holding its value well.

I notice the Speed Triple has gone over $20k, several Suzuki cruisers have gone up, Honda has had increases in many (CB1300 $15-16k, I know someone who got a new one for $12.5 two years go).

I say if you have been seriously thinking of purchasing a new bike - get in now.

[Macontour]

Having been away from bikes for 8 years,when I started looking again, I was stunned at how cheap bikes are for what you get. My last bike was a Yamaha XJ 650 that I bought 2nd hand in 1983 and rode for ever!!

I paid $4995 for it when that must have been pretty close to a years pay for me. Admittedly the XJ650 was Two Wheels magazine Bike of the Year at that time but if you look at the type of bike and the technology you would get now(as well as power, handling, braking, speed etc) for a years pay, bikes are much, much cheaper and better value now.

A 2nd hand, basic 600/650 these days would probably set most people back somewhere in the region of only 3 to 6 months pay and it would be a much better bike!!

[nallac]

yes i laughed at that when i saw it on t/me.

theres hope for us Hornet owners.

[James Deuce]

Just because one Trademe "hopeful" is incapable of putting a reasonable price on a Hornet, don't expect them to become instant collectors items. Neither does it mean that 2nd hand bike prices in general are trending up. I think they will in the short term, but there will be some pretty desperate people around this time next year, so prices will drop.

Really simple rule when selling a second hand bike. Take 20% off the last known maximum retail price for the first year of ownership (NOT the price you paid for it, the lowest price it was offered to market at), then 10% a year until you hit around $7k for a 600cc+ bike. $7k seems to be the "stabilising" value that bikes hold for some time. Take $1500-$2k off that if you are trading in.

You may well have loved your bike, but your emotions and the bling and/or functional improvements you made are worth nothing.

We are merely at the end of the beginning of the current recession, which may turn into outright financial depression. I reckon you have another 6 months to buy a new bike if you are an average Joe. After that you are not going to be able to borrow or save the money for a good 5-10 years.

[nallac]

oh come on Jd, please don't burst our bubble...
we want instant classic status with prices rising by the minute..

don't worry i'll wake from my dream soon..

[James Deuce]

Sorry. If you want a future classic, buy that Buell in your avatar.

[racerhead]

We are merely at the end of the beginning of the current recession, which may turn into outright financial depression. I reckon you have another 6 months to buy a new bike if you are an average Joe.

I think this is pretty much spot on because here in Ireland were in recession for the past few months and most banks and other lenders have stopped giving out loans. New vehicle sales are down about 50% aswell and alot of people have lost their jobs or have had to take a pay cut/shorter working week so the knock on effect of this is alot of 2nd hand bikes on the market for small money compared to what they were making a year ago. And even at the reduced price people are finding it hard to sell them. So give it another year and I hate to think what its going to be like