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Used motorcycle sellers don't understand how depreciation works
I have been observing the used motorcycle market for a while now and also regularly talked to a couple of friends who work at dealerships. I live in Europe. Even though this is likely the case everywhere, I am primarily talking about central Europe.
With travel restrictions during covid and delays in the supply chain, a lot of people wanted to buy a motorcycle while at the same time supply was (involuntarily) reduced. This led to an explosion of used motorcycle prices.
I have experienced this first hand when I bought a used motorcycle in 2019 and then sold it in 2020 after 6000 more miles for more than I bought it. It was sold within 24h of putting it up on the marketplace.
The hype is over, people can travel again and motorcycles are being sold by way too many people. However, since many bought it when prices were high during covid, they somehow think that they can just offload the cost of their decision to buy at the worst possible time to the new buyer. This obviously doesn't work.
Now we see ridiculous advertisments from private sellers that stay up for months because noone is buying. New motorcycles from last year (e.g. a 2023 model with 0 miles) are sometimes being sold for less than used bikes! Motorcycles depreciate about 20% per year. Even if you don't like it, this is how it works. Buying a motorcycle means losing a lot of money, also because of depreciation.
The "my wife told me to sell but I dont want to"-price is more likely a "I made a terrible financial decision and want you to pay for it"-price.
#motorcycles
source
I have been observing the used motorcycle market for a while now and also regularly talked to a couple of friends who work at dealerships. I live in Europe. Even though this is likely the case everywhere, I am primarily talking about central Europe.
With travel restrictions during covid and delays in the supply chain, a lot of people wanted to buy a motorcycle while at the same time supply was (involuntarily) reduced. This led to an explosion of used motorcycle prices.
I have experienced this first hand when I bought a used motorcycle in 2019 and then sold it in 2020 after 6000 more miles for more than I bought it. It was sold within 24h of putting it up on the marketplace.
The hype is over, people can travel again and motorcycles are being sold by way too many people. However, since many bought it when prices were high during covid, they somehow think that they can just offload the cost of their decision to buy at the worst possible time to the new buyer. This obviously doesn't work.
Now we see ridiculous advertisments from private sellers that stay up for months because noone is buying. New motorcycles from last year (e.g. a 2023 model with 0 miles) are sometimes being sold for less than used bikes! Motorcycles depreciate about 20% per year. Even if you don't like it, this is how it works. Buying a motorcycle means losing a lot of money, also because of depreciation.
The "my wife told me to sell but I dont want to"-price is more likely a "I made a terrible financial decision and want you to pay for it"-price.
#motorcycles
source
| 6,000 mlx | |
| 6 | |
| 0 |