How does Kelley Blue Book determine values for used motorcycles?
Kelley Blue Book strives to accurately represent the market for used motorcycles. Information is gathered directly from dealer sales reports and dealer surveys across the United States. Their replies and experience helps us to determine values along with auction results nationwide. We often receive consumer sales information that we also incorporate into Kelley Blue Book's Motorcycle Site.
Where can I find dealer invoice pricing for motorcycles?
In the printed edition of the Kelley Blue Book Official Motorcycle Guide there is a section in the back called "Loan Codes". The dealer invoice cost can be found there for most manufacturers. To subscribe to the printed edition of the Kelley Blue Book Official Motorcycle Guide, please call 1-800-258-3266, option 2. If you do not wish to subscribe, this publication can often be found at libraries or credit unions.
How can I get a value for a motorcycle you do not list?
Oftentimes, a motorcycle may not appear in our guide due to a lack of validation for the values. This may be due to low production numbers, a new manufacturer or a lack of transactions on the used market. The best thing to do would be to get a private appraisal. An appraiser can assess the condition of your motorcycle and let you know what the value is. Another option would be to look at the classified ads for your area (or on the Internet) to see how much others are asking for the same motorcycle. A third option would be to take the bike to a few dealers and ask their opinions. If you have a local bike shop, the mechanic working there might be a good source of information.
Why might the value of a motorcycle go up as time passes?
Values for motorcycles can fluctuate. The value of a motorcycle may go up due to favorable economic conditions at the time or an increased market for a particular type of motorcycle. It may also be that a particular motorcycle has acquired status as a collector's item, which could cause the value to escalate.
Why doesn't Kelley Blue Book address aftermarket equipment, customization or the condition of a bike?
Due to the very broad range of aftermarket equipment that can affect the value of a bike, it is nearly impossible without actually seeing the bike in person to put a value on extra aftermarket equipment.
How can I get a value for a bike in very good or very poor condition?
Kelley Blue Book cannot address each individual situation but can only give values for standard motorcycles in clean condition. Due to variance in condition, the value could vary from one extreme to the other. The best thing to do to assess extra value added by equipment, paint or condition would be to contact a private appraiser.
How does mileage affect the value of a motorcycle?
Kelley Blue Book does not give dollar figures to add or deduct based on mileage for motorcycles. The reason for this is that the condition of the motorcycle is of far more importance that the number of miles it has been ridden. A motorcycle that has been ridden several thousand miles on surface streets will have less wear and tear than another motorcycle that has the same number of miles but has been ridden over rougher terrain. It is between the buyer and the seller to determine how much to add or deduct from the Kelley Blue Book value based on the condition of the motorcycle.
What is the average yearly mileage for a motorcycle?
Obviously mileage will vary from year to year and model to model. A simple guide could be to consider the type of bike you are looking at: If the bike is a sportbike 600 c.c. to 999 c.c., and since these bikes are traditionally weekend only bikes, you can expect to see lower miles, about 3,000 miles per year. Tourers or Sport Tourers usually see a lot of miles, but these are generally freeway miles, between 5,000 to 6,000 miles per year.
How can I look up a motorcycle if all I have is the VIN number?
Kelley Blue Book does not collect VIN data for motorcycles. The best thing to do would be to contact the manufacturer of the motorcycle. They should be able to assist you. Your local dealer should also be able to research this for you, especially if they want your business for parts, etc.
How can I get a "lemon check" on used motorcycles?
Kelley Blue Book is not currently aware of any "lemon checks" on used motorcycles. The motorcycle industry is quite small, and by simply asking around at dealers or shops you should be able to find out any positives or negatives on a particular model.