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Old 10-22-2008, 08:18 AM   #1
BrowningBAR
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Default Will there be a glut of used bikes on the market in 2009?

So, here's a question; with oil falling quickly (but who knows for how long) and the economy in the crapper for the next 18-24 months, will we see a huge used bike market with noticeable price drops?

We have been led to believe that over the past two years people have been buying more bikes specifically to counter the high gas prices, additionally over the last eight years bike sales have grown at a very high rate (with most purchased on credit/loans).

Will the bad economy (credit/loans/debt/job loss) combined with lower gas prices lead to a huge used bike market with noticeably shrunken pricing?

What say you, my politically geeked up MOrons?
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Old 10-22-2008, 08:30 AM   #2
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I have been watching the prices forever on used bikes because I'm always looking to pick one up cheap. I'm a Craigslist junkie. The prices haven't dropped yet, at least not where I live. No real bargains to be had, so the levee hasn't broken. People keep saying the prices will hit the floor, and I'll be right there if they do.
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Old 10-22-2008, 08:39 AM   #3
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What I've seen lately and others have mentioned it too is a ton of old '70's and 80's UJM's back on the road. People seem to be dragging them out of garage and garden shed purgatory, donning their sparkly painted Bell's and wobbeling back down the road.

I saw more Windjammered milk-crated Hondas, Yammi's Suzuki's and Kaw's this summer than I've seen in years, even that cheapskate Seruzawa is beating around on a GL1100 Interstate..no surprise there really, but still....
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Old 10-22-2008, 09:21 AM   #4
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Quote:
Originally Posted by sarnali2 View Post
What I've seen lately and others have mentioned it too is a ton of old '70's and 80's UJM's back on the road. People seem to be dragging them out of garage and garden shed purgatory, donning their sparkly painted Bell's and wobbeling back down the road.

I saw more Windjammered milk-crated Hondas, Yammi's Suzuki's and Kaw's this summer than I've seen in years, even that cheapskate Seruzawa is beating around on a GL1100 Interstate..no surprise there really, but still....
Yeah, but at least I have a Hondaline milk crate.

And my $2K is ready for those Evo fixer-uppers that're gonna be here any day now!
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Old 10-22-2008, 11:08 AM   #5
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From an insurance guy's perspective: Bikes won't really get cheaper unless you're talking 10 years or older. Most of the modern bikes will hold the same retail values they've had for the last few years. You'll get the "deal" here and there, but wholesale changes in buying and selling- I think not. Those casual rider's that figured out the cost associated to maintaining a bike will drop out, eventually. But I will chalk those up to the "here and there" deals.
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Old 10-22-2008, 02:33 PM   #6
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Default Prices of used scooters!!!!

I am also an Craigs List junkie. Some of the prices of these experienced bikes are out of this world. Since when did some of these people start calling these collectors instead of junk. With the high gas prices, (even though it is down a little now) these people think that they can get all the money for some 70's or 80's POS and what is worse is someone is buying them. Now don't get me wrong, I like the older bikes, but asking $2500 for a Kaw 400cc street bike that is 20 plus years old is crazy. That and the ones that buy the cheap Chinese knockoffs and try to sell them for more than they cost new!!!! I bought a used 80 Yamaha IT-425 for $400 and put new tires on it and made it street legal. It was scary on the streets and the front end kept trying to come off the ground in the 1st 3 gears, but I traded it for a GS750 Suzuki. Good old bike, runs good and also has new tires. It's a decnet bike,all works except the tach, but I would not sell it for more than $900 to $1000. Some people ask $1500 and above???? Well maybe this will all settle out in a while. Lets hope so. But I do see more people riding, scooters,small twins and singles, even more crotchers and cruisers. It is nice to see more on the road here in Colorado. Maybe it will make the cagers more aware if more are out there? Lets hope so.
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Old 10-23-2008, 10:23 AM   #7
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I think it's already begun. It could be just the seasonal shift, after all we just had out first cold spell of October.

Captainamerica77, I wish I knew about your IT425. That was the first, and only new bike I ever owned. Love to have another.
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Old 10-23-2008, 10:44 AM   #8
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Once gas hits about $2.50 (by Monday maybe?) the old UJMs will get stuck back in the shed and the monster trucks will be back out.

My overweight buddy drives an Escalade. Hi picked up a Smart Car in the summer. He drove it once and gave it to his sister.
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Old 10-23-2008, 11:30 AM   #9
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Wish you knew about the IT to. How about a really nice Suzuki GS750. Low miles,looks and rides great,new tires. Or how about a nice watch??? just kidding.
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Old 10-26-2008, 09:15 PM   #10
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Well, Senator Hairplugs just warned us that there's going to be a sh*tstorm after his running mate takes office. My money is on the Iranians stirring the pot to get oil prices up after Bush leaves. Or it will happen before then, when the Israelis realize it will be their last chance to take out the Iranian nukes before Obama leaves them high and dry. Either way, I'm not yet regretting my decision to lock in my heating oil at $4.69.
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