Thorough explanation of motorcycle purchase market prices! Understanding when motorcycle demand increases and how査定額 (appraisal values) fluctuate.

バイク買取の相場を徹底解説!バイクの需要が増加する時期や査定額の変動について


Source: https://twitter.com/minomaru1/status/1414810643622809602/photo/1

 

Motorcycle demand increases at certain times/tends to increase

Motorcycle demand fluctuates throughout the year. There are three main timings for these fluctuations: changes in lifestyle, long holidays, and seasons. Furthermore, the recent COVID-19 pandemic has also contributed to this demand change.

 

Timing of lifestyle changes

From the end of the fiscal year to the beginning of the fiscal year, mainly from March to May. Many people change their commuting/schooling methods due to advancing to a new school, starting a new job, changing jobs, or moving, leading to an increase in motorcycle demand.

People who prepare for a new life by looking for and purchasing a motorcycle early do so around March. Many people purchase motorcycles from April to May after starting their new life and realizing the necessity of a motorcycle.

Even those who already own a motorcycle may consider replacing it due to changes in travel distance or parking availability.

 

Long holidays 

Motorcycle demand tends to increase around long holidays, mainly in May, August, and December to January.

Motorcycles are not only a means of commuting to school or work but are also popular as a hobby. When enjoying them as a hobby, people tend to be very particular about their choice of motorcycle, and many not only search online but also actually go to see and test ride motorcycles before making a decision.

Those who usually don't have time due to studies, part-time jobs, or work can use long holidays to visit motorcycle shops or spend a lot of time searching for motorcycles online, so demand tends to increase during long holiday periods.

Also, during the New Year's holiday, since relatives and family gather, multiple people, including the decision-maker (the person who actually pays for the motorcycle or gives permission for the purchase), can consider a motorcycle together, so it is common for several orders to be placed on the first day of the motorcycle shop's New Year's sale.

 

Season

Demand tends to increase outside of mid-summer and mid-winter, mainly from April to May and September to November. Unlike cars, the biggest appeal of motorcycles is being able to feel the wind and ride in unity with nature.

However, this also becomes a disadvantage as they are the most susceptible to seasonal influences. For example, wearing a helmet in the scorching mid-summer sun and getting stuck in traffic can instantly make you sweat profusely and feel breathless. In mid-winter, your body temperature drops rapidly, and some regions even have snow, making motorcycle riding impossible.

Conversely, in seasons other than mid-summer and mid-winter, the weather tends to be relatively stable, with many sunny days and comfortable temperatures.

It feels great to ride swiftly through the fields and mountains, enjoying the cherry blossoms in spring and the autumn leaves. It is during these seasons, when the true pleasure of motorcycling can be experienced, that demand for motorcycles increases.

 

Irregular demand changes due to the COVID-19 pandemic

In the recent COVID-19 pandemic, medical institutions and governments have advocated for measures to prevent airborne infection from droplets and actions to avoid the "Three Cs" (Closed spaces, Crowded places, Close-contact settings). The current situation is that more and more people who used public transportation for commuting to school, work, or shopping are switching to motorcycles or cars instead.

In particular, motorcycles have gained attention and increased demand because they are cheaper to purchase, maintain (e.g., shaken, parking fees) compared to cars. Used motorcycles have also become popular with the idea that people only need them during the pandemic.

 

The used motorcycle market is increasingly soaring for popular models such as scooters like the PCX, Vino, Majesty, and Cygnus, as well as stable models with good foot accessibility like the Shadow. The low vehicle price makes it easy to buy and sell, and the option to continue riding even after the pandemic subsides, if it's not in the way, is also a factor driving demand.

 

I want to know the market price of motorcycles.

Source: https://twitter.com/connect819/status/1493425829862199298/photo/1

 

Now, let's look at how the market price of motorcycles is determined and how the appraisal value changes depending on the condition of the motorcycle, even for the same model.

Basically, the market price is established by the balance of supply and demand, and it fluctuates depending on the condition of the motorcycle and trends in the motorcycle industry, such as the release of new models.

 

How motorcycle market prices are determined

The market price of a motorcycle is determined comprehensively, taking into account not only the seasonal and timing-related demand fluctuations discussed so far, but also the condition and market value of the motorcycle itself.

This section will introduce the condition and market value of the motorcycle itself, excluding seasonal and timing-related demand fluctuations.

 

Factors that tend to increase motorcycle appraisal value

The approximate market value of a motorcycle is determined by its model, year, and mileage.

In addition, the appraisal value will be higher for a motorcycle that is in good condition (properly maintained), a limited edition or special specification model, has custom parts, or is a rare and popular model in the used market.

Furthermore, if there is a backorder, you can sell it for a higher price than the market value. For example, if a customer is looking for a specific motorcycle, but the shop doesn't have it in stock, the motorcycle dealer will be actively searching for that specific motorcycle. In such cases, the motorcycle dealer will buy it at a higher price than the typical market rate.

When demand exceeds supply, and there is also specific demand, the appraisal value can be maximized.

 

Factors that tend to lower motorcycle appraisal value

For a typical used motorcycle, an unpopular model, old model year, or high mileage will significantly lower the appraisal value.

Furthermore, if the condition is poor at the time of appraisal, it is heavily soiled, or there is trash scattered inside the helmet compartment, it will further affect the appraisal value.

On the other hand, even for newer models, when a new model is released, many people tend to sell their old motorcycles for an upgrade, so supply outweighs demand, and the appraisal value tends to decrease.

 

Factors influencing motorcycle appraisal value

Source: https://twitter.com/yamaha_bike/status/1435863148402135044/photo/1

 

Many people who already own a motorcycle and are considering replacing it want to sell it for as high a price as possible. Even for the same motorcycle, the appraisal value can change depending on the following cases, so let's explain the mechanism behind it.

 

1. Model

The more popular the model, the more people need it, so it will receive a high appraisal.

Popular models include scooters in the moped to 250cc class, such as the PCX, Vino, Majesty, and Cygnus. If popular customizations have been applied, you can expect an additional positive appraisal.

Moped-class motorcycles, in particular, are highly popular because they are easy for anyone to ride, and many insurance products offer family motorcycle riders that cover them.

On the other hand, for older, larger models like the Shadow, which are tricky to ride and appeal to specific riders, or motorcycles that have been extensively customized by multiple owners due to a customization boom, you cannot expect a significant positive appraisal, no matter how much money was spent on customization.

 

2. Model Year

The newer the model, meaning not much time has passed since its release, the higher the appraisal value. Generally, it is said that the appraisal value fluctuates significantly at the 3-year and 5-year marks.

For example, for a motorcycle that is 5 years old from its new registration, the appraisal price is generally around 50% of the new vehicle price.

 

3. Condition

For any motorcycle, it is crucial that it has been meticulously maintained and cared for. Important factors that increase the appraisal value include having a maintenance history and records to prove this, being in clean condition at the time of appraisal, and having a smoothly starting engine.

 

Is it better to get a bulk appraisal or joint appraisal to sell a motorcycle for a higher price?

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While we've explained the mechanics of appraisal values, the actual market value can also fluctuate based on the buyer and method you choose to sell your motorcycle.

It's not a matter of simply knowing which option is best for selling high. By requesting appraisals from several dealers and comparing them, you can increase your appraisal value through a bulk or joint appraisal.

 

Bulk appraisal

You can easily get multiple quotes by applying through an online bulk appraisal site.

When you enter basic information such as the model, year, and mileage on the site, it simultaneously contacts multiple buyers, and you will receive an appraisal value by email or phone within the same day to a few days. At this point, the actual vehicle has not been inspected, so it is only a reference purchase price.

You then coordinate the date and time for an on-site inspection with the representative from each motorcycle buyer, and the final purchase price is determined after they physically examine the motorcycle. It is common for the purchase price to be held for one week.

Since you are requesting from multiple buyers, make sure to get official purchase prices from all of them before making a decision. When selling, many dealers offer cash payment on the spot or bank transfer.

 

Joint appraisal

This method involves multiple motorcycle buyers or motorcycle shops jointly competing to determine the purchase price.

The disadvantage is that it can feel a bit tense during the appraisal, as multiple motorcycle dealers will be present at the same place at the same time. Also, the appraisal is not a quick process, and it can take around two hours from gathering to disbanding.

Furthermore, some dealers refuse joint appraisals. It may be necessary to inform them if a joint appraisal is possible when requesting an appraisal, as well as to arrange the date and time, and specify that it is a joint appraisal.

 

Furthermore, there are reports online about unscrupulous dealers or staff who collude beforehand to lower appraisal values and buy motorcycles cheaply, so caution is advised.

The advantage of a joint appraisal is that once you make the request, you can leave it to them until you get an appraisal value, and you can find out the highest purchase price on the same day, which saves time.

 

Which pays more: on-site appraisal services like Bike O or motorcycle dealerships like Red Baron?

Source: https://twitter.com/naga_boar/status/1104631310331502592/photo/1

 

In addition to online on-site appraisal services like Bike O, there's also the option of visiting brick-and-mortar motorcycle dealerships like Red Baron for an appraisal. Which one pays more depends on the motorcycle's condition and the dealer's quality standards.

Both Bike O and Red Baron deal in motorcycle sales and purchases, but when selling a motorcycle, they prepare it to meet their own unique quality standards before putting it up for sale.

Naturally, this requires maintenance, so motorcycles in good condition and those that meet their specific standards tend to fetch higher prices. Since there are no costs involved from procurement to sale, there's a possibility that the amount can be added to the price.

 

Can you trust the motorcycle purchase prices found online?

Generally, online appraisal values are not very reliable. The reason is that online appraisal services calculate a reference appraisal value without actually inspecting the condition of the motorcycle.

Since the calculation is based only on basic information such as the model, year, and mileage, the actual purchase price can vary significantly depending on the motorcycle's condition.

Furthermore, because they want you to sell to their company, they often present the upper limit of the market price, so the actual purchase price is almost always lower than the online quoted price. If the condition is extremely poor or the information entered is false, the price can drop significantly.

 

Summary

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Motorcycle demand fluctuates throughout the year, and by understanding the mechanism that determines motorcycle prices, you can sell your motorcycle for a high price.

With the spread of the internet, it's easy to request a bulk appraisal, but local motorcycle shops may have unexpected backorders. Therefore, I recommend exploring various options and comparing them instead of sticking to just one method. Your motorcycle is a valuable asset, so it's advisable to consider your options carefully.

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