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Having bought and sold a number of bikes over the years I'm used to buying and selling at a price point somewhere between KBB or NADA trade-in (too low) or retail dealer sales (too high) value, usually pretty close to the mid-point between these two figures.
Now with a little mad money in my jeans from the sale of the Vulcan I've been casually scanning CL to see if anything strikes my fancy. But the weird thing is that almost every potential candidate is priced well over book retail value, in spite of the fact that this is the off-season for both sales and riding. I've been jotting down some of these listings with price and then looking up the book value, and it's pretty surprising to see that all but a very few are asking over high retail -- some sellers are actually asking nearly TWICE book value. Example: a '94 DR250 listed for $2K, while NADA "very good condition" value for this bike is $1085. If it was just one or two I'd chalk it up to either owner ignorance of actual value, or maybe a fishing expedition to see if a sucker will bite. But it seems to be a general trend. From the ones I've checked I'd estimate that 75% are actually over dealer retail book valuation.
I wonder what's going on. Is there a bike shortage I haven't heard about?:mrgreen:
Now with a little mad money in my jeans from the sale of the Vulcan I've been casually scanning CL to see if anything strikes my fancy. But the weird thing is that almost every potential candidate is priced well over book retail value, in spite of the fact that this is the off-season for both sales and riding. I've been jotting down some of these listings with price and then looking up the book value, and it's pretty surprising to see that all but a very few are asking over high retail -- some sellers are actually asking nearly TWICE book value. Example: a '94 DR250 listed for $2K, while NADA "very good condition" value for this bike is $1085. If it was just one or two I'd chalk it up to either owner ignorance of actual value, or maybe a fishing expedition to see if a sucker will bite. But it seems to be a general trend. From the ones I've checked I'd estimate that 75% are actually over dealer retail book valuation.
I wonder what's going on. Is there a bike shortage I haven't heard about?:mrgreen: