Motorcycle Values: Buying or Selling? Here's What You Need to Know

Summary

Whether you're buying or selling a motorcycle, knowing its value is essential. This article explores two main methods for determining motorcycle values: consulting established pricing guides like Kelley Blue Book and N.A.D.A. guides, and analyzing the local market. We'll also provide interesting statistics and insights to help you make informed decisions.

Methods to Determine Motorcycle Values

1. Pricing Guides

In the United States, two primary pricing guides are widely recognized for determining motorcycle values:

Kelley Blue Book

The Kelley Blue Book (KBB) has been a trusted resource for vehicle valuations since 1926. It provides comprehensive data on various motor vehicles, including motorcycles. KBB offers detailed information on different makes, models, and years, helping buyers and sellers get an accurate estimate of a motorcycle's value.

N.A.D.A. Guides

The National Automobile Dealers Association (N.A.D.A.) has been publishing appraisal guides since 1933. Their guides, often referred to as the "Motorcycle Blue Book," offer extensive information on almost every motor vehicle produced. N.A.D.A. guides are particularly useful for their detailed configuration options, allowing users to get a precise value for their specific motorcycle.

2. Market Analysis

Another effective way to determine motorcycle values is by analyzing the local market. This can be done both online and offline:

• Online Platforms: Websites like eBay, Craigslist, and Cycle Trader offer a plethora of listings for used motorcycles. These platforms allow you to compare prices and get a sense of the current market value.
• Offline Methods: Local newspapers, bulletin boards, and classified ads can also provide valuable insights. Visiting local motorcycle shops and talking to friends or fellow riders can give you a better understanding of the physical condition and market value of different motorcycles.

Recommendations

Prices can vary significantly depending on your location. Therefore, it's advisable to consult both pricing guides and local market data to get the most accurate value for your motorcycle.

Interesting Statistics

• Motorcycle Sales Trends: According to the Motorcycle Industry Council, U.S. motorcycle sales saw a 9.2% increase in 2021, with over 780,000 units sold. This marks the highest sales volume since 2008 (source).
• Depreciation Rates: Motorcycles typically depreciate at a rate of 10-15% per year. However, certain models, especially those from premium brands like Harley-Davidson and BMW, tend to retain their value better (source).
• Electric Motorcycles: The market for electric motorcycles is growing rapidly, with a projected compound annual growth rate (CAGR) of 35% from 2021 to 2028 (source).

Conclusion

Understanding motorcycle values is essential for making informed buying or selling decisions. By consulting established pricing guides like Kelley Blue Book and N.A.D.A. guides, and analyzing the local market, you can get a comprehensive view of your motorcycle's worth. Always consider both methods to ensure you get the most accurate value.

Enjoy the ride!

Daniel Levy