Used bike gold
Massive shortage of used bikes puts you in control
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!