‘Expect strong demand for economical bikes’
The result of the European referendum has had an effect on the pound’s value against other currencies, but you must remember something: just as every upswing is an opportunity, so too is every downswing. People make money in falling markets too. Ever seen the film The Big Short? You should.
Last week, I outlined what machinery was going to be more expensive in 2017 Ð anything new and made outside the UK, effectively Ð except possibly some Asian-built Triumphs. And used bikes, because against the backdrop of expensive new stuff, they look cheap even if they’re 10-15% pricier than last year.
I think we are going to be in for a period of austerity, and we’ve just come out of the last one. I’m no economic pundit, but I can’t see our economy strengthening for some time. So what bikes are going to be in demand?
You got it: economical and practical ones. Don’t forget that oil is counted in dollars too, and so we’re going to see higher prices at the pumps.
I’d be looking at things like used Yamaha twins and triples, the various grades of Kawasaki Versys, the perennial Suzuki Bandits, anything Honda with a CBF prefix, possible Street Triples if Triumph can keep the price reasonable and, as ever, anything airhead BMW and aircooled four cylinder from Honda.
And if you recently bought something like a Kawasaki 300 Ninja or Yamaha R3, well done. These and similar are going to be in strong demand as used bikes in 2017; depend on it.
When to walk away from a bike described as a ‘non-runner’