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Old 06-20-2015, 02:32 PM   #1
edgarf23
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Current Used Bike Prices

So guys. I stopped by my local bike shop yesterday to see what they had and just kill time. I had a good conversation with one of the Sales Men and it was interesting what he said. According to him used bikes prices are dropping fast due to the lack of buyers. He mentioned several customers who have been in to sell the bikes they have cause they are going home bc of oil contracts not falling through. He said they actually have a huge amount of inventory and a large lack of buyers. According to him we have a much larger group of sellers then buyers. Anyone else hearing this? Anyone else having issues selling a used bike at a true KBB value?
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Old 06-20-2015, 02:36 PM   #2
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Sounds about right.
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Old 06-20-2015, 03:12 PM   #3
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This is news to you? This has been the case for months.....
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Old 06-20-2015, 03:55 PM   #4
RECIT
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Bikes aren't worth what they were a year or so ago for sure. I have seen it first hand, there are lots of options for basically the same bike on CL cycletrader and other forums. You almost can't give them away...Its a buyers market though...
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Old 06-20-2015, 03:57 PM   #5
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Really? Prices seem much higher than the low winter prices. Do you mean prices are low considering it is summer?
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Old 06-20-2015, 05:17 PM   #6
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If you are thinking that you are going to sell a bike at KBB prices you are sorely mistaken, and to come anywhere close to it better be heavily upgraded, especially bikes. Good rule of thumb is to take the KBB and subtract at least a grand and start negotiating from there. Serious buyers know there is a lot of inventory out there, so you have to set your bike apart from all the rest, and that usually means selling it dirt cheap. Sorry man, that's just the way the used bike market is and has been for a while.
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Old 06-20-2015, 05:18 PM   #7
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Hope so. Im looking to upgrade soon
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Old 06-20-2015, 06:41 PM   #8
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I've been looking for another bike and have been kicking myself for not buying last winter. Where is all this inventory? People seem to forget they wanted to sell after they rode the bike once in the summer.
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Old 06-20-2015, 07:59 PM   #9
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Old 06-21-2015, 09:19 AM   #10
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Quote:
Originally Posted by BuckNut View Post
Cash is king in any market but especially now. When you don't have to go through the hassle of financing, that is a major negotiating tool. Once you find a bike that you like, and have cash in hand, if you negotiate properly, deals are plenty!
+1 Figured that out a couple of weeks ago when trying to sell my Harley.
The Market has been flooded by sellers, and prices are at IMO an all time low!
As always Cash is king and if you have a good idea what you are looking for, and an eye for details. You will do well.
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