Used bike gold

Mas­sive short­age of used bikes puts you in con­trol

Motorcycle News (UK) - - This Week -

At this time of year it’s easy to as­sume that brand new bikes are the stars of the show­room, but in fact it’s used ma­chines that are most in de­mand, and deal­ers sim­ply can’t get enough of them. De­spite tempt­ing fi­nance pack­ages, the list-prices com­manded by many of 2017’s new mo­tor­cy­cles puts them well out of reach of the ma­jor­ity of buy­ers, so the com­pe­ti­tion in the sub-£10,000 used mar­ket is now get­ting fierce.

“I’ve never known a time like it for used bikes,” says Saul Tow­ers, Sales Man­ager at Fl­itwick Yamaha. “We’ve lit­er­ally got three used ma­chines in the show­room at the mo­ment, so I’d hate to imagine how hard it must be for non-fran­chised, used bike spe­cial­ists. The sit­u­a­tion with sec­ond-hand bikes has been get­ting worse over the past two or three years. We thought that when the first lot of PCP terms ended that we’d be see­ing more good qual­ity, three-year-old used bikes back in the show­room, but it turns out that the fi­nance com­pa­nies are send­ing them straight to auc­tions, so all the auc­tions are get­ting big­ger and dealer show­rooms are get­ting sparse.”

But does this mean now is a good time to part-ex your old bike for some­thing newer? Paul Mc­don­ald, As­sis­tant Ed­i­tor of mo­tor in­dus­try trade value guide Glass’s cer­tainly thinks so. “So far, 2017 has seen a strength­en­ing in sales and de­mand which is ob­vi­ously great news for the mar­ket. How­ever, this has come with a down­side in that it has meant re­tail and trade values have seen an in­crease re­cently and are cur­rently stronger than they were this time last year.

“For ex­am­ple, in May of last year a 2016/65-plate Kawasaki ZX-10R traded at £8500 and re­tailed at £9650. How­ever, an equiv­a­lent age 2017/66 plate in May 2017 trades at £8975 and re­tails at £10,125, an in­crease of around 5%. Sim­i­larly, a 2013 Suzuki GSX-R600 traded at £5150 in May 2016 and re­tailed at £6075. How­ever, the same plate bike in May 2017 trades at £5325 and re­tails at £6250, an in­crease of around 3%. So, the re­sults show that there should be some good deals to be had at the mo­ment when it comes to trad­ing in ma­chines.”

That mint GSX-R600 you’re think­ing of trad­ing in is worth more than last year!

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